Hyundai (Germany) Market Value
| HYU Stock | 54.20 1.00 1.88% |
| Symbol | Hyundai |
Hyundai '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'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.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Hyundai on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Hyundai Motor or generate 0.0% return on investment in Hyundai over 30 days. Hyundai is related to or competes with RELIANCE STEEL, BRIT AMER, British American, URBAN OUTFITTERS, Chesapeake Utilities, and NIPPON STEEL. More
Hyundai 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'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 Motor upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 12.61 | |||
| Value At Risk | (3.33) | |||
| Potential Upside | 4.96 |
Hyundai Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hyundai's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hyundai's standard deviation. In reality, there are many statistical measures that can use Hyundai historical prices to predict the future Hyundai's volatility.| Risk Adjusted Performance | 0.0018 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.40) | |||
| Treynor Ratio | 0.2509 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Hyundai's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hyundai Motor Backtested Returns
Hyundai Motor holds Efficiency (Sharpe) Ratio of -0.093, which attests that the entity had a -0.093% return per unit of risk over the last 3 months. Hyundai Motor exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hyundai's Standard Deviation of 2.38, market risk adjusted performance of 0.2609, and Risk Adjusted Performance of 0.0018 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.1, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Hyundai are expected to decrease at a much lower rate. During the bear market, Hyundai is likely to outperform the market. At this point, Hyundai Motor has a negative expected return of -0.2%. Please make sure to check out Hyundai's kurtosis, as well as the relationship between the day median price and relative strength index , to decide if Hyundai Motor performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.59 |
Good reverse predictability
Hyundai Motor has good reverse predictability. Overlapping area represents the amount of predictability between Hyundai time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Motor price movement. The serial correlation of -0.59 indicates that roughly 59.0% of current Hyundai price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.59 | |
| Spearman Rank Test | -0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 2.55 |
Hyundai Motor lagged returns against current returns
Autocorrelation, which is Hyundai 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's stock expected returns. We can calculate the autocorrelation of Hyundai returns to help us make a trade decision. For example, suppose you find that Hyundai 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 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 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hyundai stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hyundai stock over time.
Current vs Lagged Prices |
| Timeline |
Hyundai Lagged Returns
When evaluating Hyundai's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hyundai stock have on its future price. Hyundai 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 autocorrelation shows the relationship between Hyundai stock current value and its past values and can show if there is a momentum factor associated with investing in Hyundai Motor.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Hyundai Stock Analysis
When running Hyundai's price analysis, check to measure Hyundai's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Hyundai is operating at the current time. Most of Hyundai's value examination focuses on studying past and present price action to predict the probability of Hyundai's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hyundai's price. Additionally, you may evaluate how the addition of Hyundai to your portfolios can decrease your overall portfolio volatility.