Hanwha Galleria's market value is the price at which a share of Hanwha Galleria trades on a public exchange. It measures the collective expectations of Hanwha Galleria Corp investors about its performance. Hanwha Galleria is trading at 12020.00 as of the 1st of December 2024, a 0.04% up since the beginning of the trading day. The etf's open price was 12015.0. With this module, you can estimate the performance of a buy and hold strategy of Hanwha Galleria Corp and determine expected loss or profit from investing in Hanwha Galleria over a given investment horizon. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in nation.
Symbol
Hanwha
Hanwha Galleria '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 Hanwha Galleria's etf 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 Hanwha Galleria.
0.00
12/12/2022
No Change 0.00
0.0
In 1 year 11 months and 22 days
12/01/2024
0.00
If you would invest 0.00 in Hanwha Galleria on December 12, 2022 and sell it all today you would earn a total of 0.00 from holding Hanwha Galleria Corp or generate 0.0% return on investment in Hanwha Galleria over 720 days.
Hanwha Galleria 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 Hanwha Galleria's etf 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 Hanwha Galleria Corp upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hanwha Galleria's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hanwha Galleria's standard deviation. In reality, there are many statistical measures that can use Hanwha Galleria historical prices to predict the future Hanwha Galleria's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Hanwha Galleria. Your research has to be compared to or analyzed against Hanwha Galleria's peers to derive any actionable benefits. When done correctly, Hanwha Galleria's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Hanwha Galleria Corp.
Hanwha Galleria Corp Backtested Returns
At this point, Hanwha Galleria is very steady. Hanwha Galleria Corp holds Efficiency (Sharpe) Ratio of 0.13, which attests that the entity had a 0.13% return per unit of risk over the last 3 months. We have found thirty technical indicators for Hanwha Galleria Corp, which you can use to evaluate the volatility of the entity. Please check out Hanwha Galleria's Risk Adjusted Performance of 0.1255, market risk adjusted performance of 0.2962, and Downside Deviation of 0.5959 to validate if the risk estimate we provide is consistent with the expected return of 0.0895%. The etf retains a Market Volatility (i.e., Beta) of 0.36, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Hanwha Galleria's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hanwha Galleria is expected to be smaller as well.
Auto-correlation
-0.23
Weak reverse predictability
Hanwha Galleria Corp has weak reverse predictability. Overlapping area represents the amount of predictability between Hanwha Galleria time series from 12th of December 2022 to 7th of December 2023 and 7th of December 2023 to 1st 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 Hanwha Galleria Corp price movement. The serial correlation of -0.23 indicates that over 23.0% of current Hanwha Galleria price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.23
Spearman Rank Test
-0.12
Residual Average
0.0
Price Variance
86.7 K
Hanwha Galleria Corp lagged returns against current returns
Autocorrelation, which is Hanwha Galleria etf'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 Hanwha Galleria's etf expected returns. We can calculate the autocorrelation of Hanwha Galleria returns to help us make a trade decision. For example, suppose you find that Hanwha Galleria has exhibited high autocorrelation historically, and you observe that the etf 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
Hanwha Galleria 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 Hanwha Galleria etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hanwha Galleria etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hanwha Galleria etf over time.
Current vs Lagged Prices
Timeline
Hanwha Galleria Lagged Returns
When evaluating Hanwha Galleria's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hanwha Galleria etf have on its future price. Hanwha Galleria 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, Hanwha Galleria autocorrelation shows the relationship between Hanwha Galleria etf current value and its past values and can show if there is a momentum factor associated with investing in Hanwha Galleria Corp.