Hurum (Korea) Market Value
| 353190 Stock | KRW 736.00 4.00 0.55% |
| Symbol | Hurum |
Hurum '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 Hurum'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 Hurum.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Hurum on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Hurum Co or generate 0.0% return on investment in Hurum over 30 days. Hurum is related to or competes with Samsung Electronics, Samsung Electronics, LG Energy, SK Hynix, Samsung Biologics, LG Chem, and LG Chemicals. NH Special Purpose Acquisition 16 Company focuses to merge with other companies More
Hurum 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 Hurum'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 Hurum Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.25) | |||
| Maximum Drawdown | 11.02 | |||
| Value At Risk | (3.87) | |||
| Potential Upside | 3.41 |
Hurum Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hurum's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hurum's standard deviation. In reality, there are many statistical measures that can use Hurum historical prices to predict the future Hurum's volatility.| Risk Adjusted Performance | (0.14) | |||
| Jensen Alpha | (0.46) | |||
| Total Risk Alpha | (0.85) | |||
| Treynor Ratio | 4.13 |
Hurum Backtested Returns
Hurum holds Efficiency (Sharpe) Ratio of -0.16, which attests that the entity had a -0.16% return per unit of risk over the last 3 months. Hurum exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hurum's Market Risk Adjusted Performance of 4.14, standard deviation of 2.39, and Risk Adjusted Performance of (0.14) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.11, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Hurum are expected to decrease at a much lower rate. During the bear market, Hurum is likely to outperform the market. At this point, Hurum has a negative expected return of -0.38%. Please make sure to check out Hurum's jensen alpha, treynor ratio, value at risk, as well as the relationship between the total risk alpha and maximum drawdown , to decide if Hurum performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.00 |
No correlation between past and present
Hurum Co has no correlation between past and present. Overlapping area represents the amount of predictability between Hurum time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Hurum price movement. The serial correlation of 0.0 indicates that just 0.0% of current Hurum price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 342.33 |
Hurum lagged returns against current returns
Autocorrelation, which is Hurum 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 Hurum's stock expected returns. We can calculate the autocorrelation of Hurum returns to help us make a trade decision. For example, suppose you find that Hurum 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 |
Hurum 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 Hurum stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hurum stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hurum stock over time.
Current vs Lagged Prices |
| Timeline |
Hurum Lagged Returns
When evaluating Hurum's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hurum stock have on its future price. Hurum 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, Hurum autocorrelation shows the relationship between Hurum stock current value and its past values and can show if there is a momentum factor associated with investing in Hurum Co.
Regressed Prices |
| Timeline |
Pair Trading with Hurum
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 Hurum 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 Hurum will appreciate offsetting losses from the drop in the long position's value.Moving together with Hurum Stock
Moving against Hurum Stock
The ability to find closely correlated positions to Hurum could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hurum 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 Hurum - 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 Hurum Co to buy it.
The correlation of Hurum 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 Hurum moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hurum 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 Hurum 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 Hurum Stock
Hurum financial ratios help investors to determine whether Hurum 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 Hurum with respect to the benefits of owning Hurum security.