Hanilcmt (Korea) Market Value
| 300720 Stock | 14,660 260.00 1.81% |
| Symbol | Hanilcmt |
Hanilcmt '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 Hanilcmt's 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 Hanilcmt.
| 12/10/2023 |
| 12/04/2024 |
If you would invest 0.00 in Hanilcmt on December 10, 2023 and sell it all today you would earn a total of 0.00 from holding Hanilcmt Co or generate 0.0% return on investment in Hanilcmt over 360 days. Hanilcmt is related to or competes with Sempio Foods, Pan Entertainment, Samyang Foods, MEDIANA CoLtd, and CKH Food. More
Hanilcmt 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 Hanilcmt's 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 Hanilcmt Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 8.48 | |||
| Value At Risk | (2.44) | |||
| Potential Upside | 2.44 |
Hanilcmt Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hanilcmt's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hanilcmt's standard deviation. In reality, there are many statistical measures that can use Hanilcmt historical prices to predict the future Hanilcmt's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.30) | |||
| Treynor Ratio | (0.48) |
Hanilcmt Backtested Returns
At this point, Hanilcmt is very steady. Hanilcmt holds Efficiency (Sharpe) Ratio of 0.0088, which attests that the entity had a 0.0088% return per unit of risk over the last 3 months. We have found twenty-four technical indicators for Hanilcmt, which you can use to evaluate the volatility of the firm. Please check out Hanilcmt's Market Risk Adjusted Performance of (0.47), standard deviation of 1.77, and Risk Adjusted Performance of (0.02) to validate if the risk estimate we provide is consistent with the expected return of 0.0157%. The company retains a Market Volatility (i.e., Beta) of 0.13, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Hanilcmt's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hanilcmt is expected to be smaller as well. Hanilcmt right now retains a risk of 1.79%. Please check out Hanilcmt total risk alpha, maximum drawdown, and the relationship between the jensen alpha and treynor ratio , to decide if Hanilcmt will be following its current trending patterns.
Auto-correlation | -0.06 |
Very weak reverse predictability
Hanilcmt Co has very weak reverse predictability. Overlapping area represents the amount of predictability between Hanilcmt time series from 10th of December 2023 to 7th of June 2024 and 7th of June 2024 to 4th of December 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 Hanilcmt price movement. The serial correlation of -0.06 indicates that barely 6.0% of current Hanilcmt price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.06 | |
| Spearman Rank Test | 0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 245.3 K |
Hanilcmt lagged returns against current returns
Autocorrelation, which is Hanilcmt 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 Hanilcmt's stock expected returns. We can calculate the autocorrelation of Hanilcmt returns to help us make a trade decision. For example, suppose you find that Hanilcmt 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 |
Hanilcmt 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 Hanilcmt stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hanilcmt stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hanilcmt stock over time.
Current vs Lagged Prices |
| Timeline |
Hanilcmt Lagged Returns
When evaluating Hanilcmt's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hanilcmt stock have on its future price. Hanilcmt 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, Hanilcmt autocorrelation shows the relationship between Hanilcmt stock current value and its past values and can show if there is a momentum factor associated with investing in Hanilcmt Co.
Regressed Prices |
| Timeline |
Pair Trading with Hanilcmt
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 Hanilcmt 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 Hanilcmt will appreciate offsetting losses from the drop in the long position's value.Moving together with Hanilcmt Stock
Moving against Hanilcmt Stock
The ability to find closely correlated positions to Hanilcmt could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hanilcmt 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 Hanilcmt - 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 Hanilcmt Co to buy it.
The correlation of Hanilcmt 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 Hanilcmt moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hanilcmt 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 Hanilcmt 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 Hanilcmt Stock
Hanilcmt financial ratios help investors to determine whether Hanilcmt 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 Hanilcmt with respect to the benefits of owning Hanilcmt security.