HYBE (Korea) Market Value
| 352820 Stock | 195,200 8,300 4.08% |
| Symbol | HYBE |
HYBE '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 HYBE'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 HYBE.
| 06/09/2023 |
| 11/30/2024 |
If you would invest 0.00 in HYBE on June 9, 2023 and sell it all today you would earn a total of 0.00 from holding HYBE Co or generate 0.0% return on investment in HYBE over 540 days. HYBE is related to or competes with Atinum Investment, Dongbu Insurance, Korean Reinsurance, KakaoBank Corp, Hanwha InvestmentSecuri, SV Investment, and Korea Investment. More
HYBE 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 HYBE'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 HYBE Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.28 | |||
| Information Ratio | 0.0153 | |||
| Maximum Drawdown | 10.8 | |||
| Value At Risk | (3.61) | |||
| Potential Upside | 4.76 |
HYBE Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for HYBE's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HYBE's standard deviation. In reality, there are many statistical measures that can use HYBE historical prices to predict the future HYBE's volatility.| Risk Adjusted Performance | 0.0602 | |||
| Jensen Alpha | 0.2034 | |||
| Total Risk Alpha | (0.26) | |||
| Sortino Ratio | 0.0169 | |||
| Treynor Ratio | (0.57) |
HYBE Backtested Returns
At this point, HYBE is very steady. HYBE retains Efficiency (Sharpe Ratio) of 0.0664, which attests that the entity had a 0.0664% return per unit of return volatility over the last 3 months. We have found thirty technical indicators for HYBE, which you can use to evaluate the volatility of the firm. Please check out HYBE's Semi Deviation of 2.04, downside deviation of 2.28, and Market Risk Adjusted Performance of (0.56) to validate if the risk estimate we provide is consistent with the expected return of 0.17%. HYBE has a performance score of 5 on a scale of 0 to 100. The company owns a Beta (Systematic Risk) of -0.29, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning HYBE are expected to decrease at a much lower rate. During the bear market, HYBE is likely to outperform the market. HYBE currently owns a risk of 2.59%. Please check out HYBE Co downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to decide if HYBE Co will be following its current price history.
Auto-correlation | 0.39 |
Below average predictability
HYBE Co has below average predictability. Overlapping area represents the amount of predictability between HYBE time series from 9th of June 2023 to 5th of March 2024 and 5th of March 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 HYBE price movement. The serial correlation of 0.39 indicates that just about 39.0% of current HYBE price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.39 | |
| Spearman Rank Test | 0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 271.7 M |
HYBE lagged returns against current returns
Autocorrelation, which is HYBE 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 HYBE's stock expected returns. We can calculate the autocorrelation of HYBE returns to help us make a trade decision. For example, suppose you find that HYBE 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 |
HYBE 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 HYBE stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HYBE stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HYBE stock over time.
Current vs Lagged Prices |
| Timeline |
HYBE Lagged Returns
When evaluating HYBE's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HYBE stock have on its future price. HYBE 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, HYBE autocorrelation shows the relationship between HYBE stock current value and its past values and can show if there is a momentum factor associated with investing in HYBE Co.
Regressed Prices |
| Timeline |
Pair Trading with HYBE
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 HYBE 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 HYBE will appreciate offsetting losses from the drop in the long position's value.Moving together with HYBE Stock
Moving against HYBE Stock
| 0.85 | 006400 | Samsung SDI | PairCorr |
| 0.8 | 310200 | Aniplus | PairCorr |
| 0.69 | 005385 | Hyundai Motor | PairCorr |
| 0.61 | 005387 | Hyundai Motor | PairCorr |
| 0.58 | 051910 | LG Chemicals | PairCorr |
The ability to find closely correlated positions to HYBE could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace HYBE 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 HYBE - 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 HYBE Co to buy it.
The correlation of HYBE 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 HYBE moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if HYBE 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 HYBE 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 HYBE Stock
HYBE financial ratios help investors to determine whether HYBE 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 HYBE with respect to the benefits of owning HYBE security.