Iljin HySolus (Korea) Market Value
| 271940 Stock | 19,270 880.00 4.79% |
| Symbol | Iljin |
Iljin HySolus 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Iljin HySolus' stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Iljin HySolus.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Iljin HySolus on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Iljin HySolus Co or generate 0.0% return on investment in Iljin HySolus over 30 days. Iljin HySolus is related to or competes with Hwangkum Steel, Aprogen Healthcare, HB Technology, Taegu Broadcasting, Dongil Technology, and Eagle Veterinary. More
Iljin HySolus Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Iljin HySolus' stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Iljin HySolus Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 11.53 | |||
| Value At Risk | (3.67) | |||
| Potential Upside | 3.7 |
Iljin HySolus Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Iljin HySolus' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Iljin HySolus' standard deviation. In reality, there are many statistical measures that can use Iljin HySolus historical prices to predict the future Iljin HySolus' volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.54) | |||
| Treynor Ratio | (59.45) |
Iljin HySolus Backtested Returns
Iljin HySolus holds Efficiency (Sharpe) Ratio of -0.0212, which attests that the entity had a -0.0212% return per unit of risk over the last 3 months. Iljin HySolus exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Iljin HySolus' Standard Deviation of 2.36, market risk adjusted performance of (59.44), and Risk Adjusted Performance of (0.04) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.0025, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Iljin HySolus' returns are expected to increase less than the market. However, during the bear market, the loss of holding Iljin HySolus is expected to be smaller as well. At this point, Iljin HySolus has a negative expected return of -0.0513%. Please make sure to check out Iljin HySolus' standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Iljin HySolus performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.57 |
Good reverse predictability
Iljin HySolus Co has good reverse predictability. Overlapping area represents the amount of predictability between Iljin HySolus time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Iljin HySolus price movement. The serial correlation of -0.57 indicates that roughly 57.0% of current Iljin HySolus price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.57 | |
| Spearman Rank Test | -0.73 | |
| Residual Average | 0.0 | |
| Price Variance | 250 K |
Iljin HySolus lagged returns against current returns
Autocorrelation, which is Iljin HySolus stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Iljin HySolus' stock expected returns. We can calculate the autocorrelation of Iljin HySolus returns to help us make a trade decision. For example, suppose you find that Iljin HySolus has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Iljin HySolus regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Iljin HySolus stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Iljin HySolus stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Iljin HySolus stock over time.
Current vs Lagged Prices |
| Timeline |
Iljin HySolus Lagged Returns
When evaluating Iljin HySolus' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Iljin HySolus stock have on its future price. Iljin HySolus autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Iljin HySolus autocorrelation shows the relationship between Iljin HySolus stock current value and its past values and can show if there is a momentum factor associated with investing in Iljin HySolus Co.
Regressed Prices |
| Timeline |
Pair Trading with Iljin HySolus
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Iljin HySolus position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Iljin HySolus will appreciate offsetting losses from the drop in the long position's value.Moving together with Iljin Stock
The ability to find closely correlated positions to Iljin HySolus could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Iljin HySolus when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Iljin HySolus - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Iljin HySolus Co to buy it.
The correlation of Iljin HySolus is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Iljin HySolus moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Iljin HySolus moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Iljin HySolus can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Iljin Stock
Iljin HySolus financial ratios help investors to determine whether Iljin Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Iljin with respect to the benefits of owning Iljin HySolus security.