HMC SA (Chile) Market Value
| CFIMFUS-E | CLP 820.00 0.00 0.00% |
| Symbol | HMC |
Please note, there is a significant difference between HMC SA's value and its price as these two are different measures arrived at by different means. Investors typically determine if HMC SA is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, HMC SA's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
HMC SA '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 HMC SA's fund 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 HMC SA.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in HMC SA on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding HMC SA ADMINISTRADORA or generate 0.0% return on investment in HMC SA over 510 days. HMC SA is related to or competes with Salfacorp, Vina Concha, Multiexport Foods, Sociedad Matriz, AFP Planvital, Nitratos, and Cuprum. More
HMC SA 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 HMC SA's fund 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 HMC SA ADMINISTRADORA upside and downside potential and time the market with a certain degree of confidence.
HMC SA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for HMC SA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HMC SA's standard deviation. In reality, there are many statistical measures that can use HMC SA historical prices to predict the future HMC SA's volatility.HMC SA ADMINISTRADORA Backtested Returns
We have found three technical indicators for HMC SA, which you can use to evaluate the volatility of the entity. The fund owns a Beta (Systematic Risk) of 0.0, which attests to not very significant fluctuations relative to the market. the returns on MARKET and HMC SA are completely uncorrelated.
Auto-correlation | 0.00 |
No correlation between past and present
HMC SA ADMINISTRADORA has no correlation between past and present. Overlapping area represents the amount of predictability between HMC SA time series from 5th of July 2023 to 16th of March 2024 and 16th of March 2024 to 26th 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 HMC SA ADMINISTRADORA price movement. The serial correlation of 0.0 indicates that just 0.0% of current HMC SA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
HMC SA ADMINISTRADORA lagged returns against current returns
Autocorrelation, which is HMC SA fund'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 HMC SA's fund expected returns. We can calculate the autocorrelation of HMC SA returns to help us make a trade decision. For example, suppose you find that HMC SA has exhibited high autocorrelation historically, and you observe that the fund 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 |
HMC SA 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 HMC SA fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HMC SA fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HMC SA fund over time.
Current vs Lagged Prices |
| Timeline |
HMC SA Lagged Returns
When evaluating HMC SA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HMC SA fund have on its future price. HMC SA 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, HMC SA autocorrelation shows the relationship between HMC SA fund current value and its past values and can show if there is a momentum factor associated with investing in HMC SA ADMINISTRADORA.
Regressed Prices |
| Timeline |
Pair Trading with HMC SA
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 HMC SA 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 HMC SA will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to HMC SA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace HMC SA 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 HMC SA - 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 HMC SA ADMINISTRADORA to buy it.
The correlation of HMC SA 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 HMC SA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if HMC SA ADMINISTRADORA 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 HMC SA 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 HMC Fund
HMC SA financial ratios help investors to determine whether HMC Fund 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 HMC with respect to the benefits of owning HMC SA security.
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