Hyundai Green (Korea) Market Value
| 453340 Stock | 13,130 10.00 0.08% |
| Symbol | Hyundai |
Hyundai Green '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 Hyundai Green'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 Hyundai Green.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Hyundai Green on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Hyundai Green Food or generate 0.0% return on investment in Hyundai Green over 30 days.
Hyundai Green 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 Hyundai Green'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 Hyundai Green Food upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8483 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 6.88 | |||
| Value At Risk | (1.13) | |||
| Potential Upside | 1.71 |
Hyundai Green Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hyundai Green's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hyundai Green's standard deviation. In reality, there are many statistical measures that can use Hyundai Green historical prices to predict the future Hyundai Green's volatility.| Risk Adjusted Performance | 0.0714 | |||
| Jensen Alpha | 0.0865 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | (5.25) |
Hyundai Green Food Backtested Returns
At this point, Hyundai Green is very steady. Hyundai Green Food 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 Hyundai Green Food, which you can use to evaluate the volatility of the firm. Please check out Hyundai Green's Downside Deviation of 0.8483, risk adjusted performance of 0.0714, and Market Risk Adjusted Performance of (5.24) to validate if the risk estimate we provide is consistent with the expected return of 0.14%. Hyundai Green has a performance score of 9 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of -0.0161, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Hyundai Green are expected to decrease at a much lower rate. During the bear market, Hyundai Green is likely to outperform the market. Hyundai Green Food right now retains a risk of 1.08%. Please check out Hyundai Green total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to decide if Hyundai Green will be following its current trending patterns.
Auto-correlation | 0.34 |
Below average predictability
Hyundai Green Food has below average predictability. Overlapping area represents the amount of predictability between Hyundai Green time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd 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 Hyundai Green Food price movement. The serial correlation of 0.34 indicates that nearly 34.0% of current Hyundai Green price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.34 | |
| Spearman Rank Test | 0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 13 K |
Hyundai Green Food lagged returns against current returns
Autocorrelation, which is Hyundai Green 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 Hyundai Green's stock expected returns. We can calculate the autocorrelation of Hyundai Green returns to help us make a trade decision. For example, suppose you find that Hyundai Green 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 |
Hyundai Green 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 Hyundai Green stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hyundai Green stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hyundai Green stock over time.
Current vs Lagged Prices |
| Timeline |
Hyundai Green Lagged Returns
When evaluating Hyundai Green's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hyundai Green stock have on its future price. Hyundai Green 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, Hyundai Green autocorrelation shows the relationship between Hyundai Green stock current value and its past values and can show if there is a momentum factor associated with investing in Hyundai Green Food.
Regressed Prices |
| Timeline |
Pair Trading with Hyundai Green
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 Hyundai Green 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 Hyundai Green will appreciate offsetting losses from the drop in the long position's value.Moving against Hyundai Stock
| 0.76 | 006400 | Samsung SDI | PairCorr |
| 0.67 | 051910 | LG Chemicals | PairCorr |
| 0.61 | 005385 | Hyundai Motor | PairCorr |
| 0.58 | 051915 | LG Chem | PairCorr |
| 0.57 | 005387 | Hyundai Motor | PairCorr |
The ability to find closely correlated positions to Hyundai Green could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hyundai Green 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 Hyundai Green - 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 Hyundai Green Food to buy it.
The correlation of Hyundai Green 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 Hyundai Green moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hyundai Green Food 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 Hyundai Green 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.