SK Hynix (Korea) Price on August 14, 2023

000660 Stock   159,900  1,200  0.74%   
If you're considering investing in 000660 Stock, it is important to understand the factors that can impact its price. As of today, the current price of SK Hynix stands at 159,900, as last reported on the 1st of December, with the highest price reaching 162,400 and the lowest price hitting 157,600 during the day. SK Hynix retains Efficiency (Sharpe Ratio) of -0.0213, which indicates the firm had a -0.0213% return per unit of price deviation over the last 3 months. SK Hynix exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate SK Hynix's Standard Deviation of 3.53, mean deviation of 2.85, and Risk Adjusted Performance of (0.04) to confirm the risk estimate we provide.
  
000660 Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0213

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Estimated Market Risk

 3.56
  actual daily
31
69% of assets are more volatile

Expected Return

 -0.08
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.02
  actual daily
0
Most of other assets perform better
Based on monthly moving average SK Hynix is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of SK Hynix by adding SK Hynix to a well-diversified portfolio.

SK Hynix Valuation on August 14, 2023

It is possible to determine the worth of SK Hynix on a given historical date. On August 14, 2023 000660 was worth 113541.0 at the beginning of the trading date compared to the closed value of 113838.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of SK Hynix stock. Still, in general, we apply an absolute valuation method to find SK Hynix's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of SK Hynix where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against SK Hynix's related companies.
 Open High Low Close Volume
  116,910    118,297    114,136    114,235    2,412,381  
08/14/2023
  113,541    116,216    112,947    113,838    2,038,360  
  116,117    117,405    113,937    114,730    3,870,479  
Backtest SK Hynix  |  SK Hynix History  |  SK Hynix Valuation   PreviousNext  
Open Value
113541.0
113,530
Downside
113838.0
Closing Value
113,552
Upside

SK Hynix Trading Date Momentum on August 14, 2023

On August 16 2023 SK Hynix was traded for  114,730  at the closing time. The highest price during the trading period was 117,405  and the lowest recorded bid was listed for  113,937 . The volume for the day was 3.9 M. This history from August 16, 2023 contributed to the next trading day price jump. The daily price change to the next closing price was 0.78% . The trading price change to the current price is 6.44% .

SK Hynix Fundamentals Correlations and Trends

By evaluating SK Hynix's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among SK Hynix's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. 000660 financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About SK Hynix Stock history

SK Hynix investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for 000660 is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in SK Hynix will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing SK Hynix stock prices may prove useful in developing a viable investing in SK Hynix

SK Hynix Stock Technical Analysis

SK Hynix technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of SK Hynix technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of SK Hynix trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

SK Hynix Period Price Range

Low
December 1, 2024
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High

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SK Hynix cannot be verified against its exchange. Please verify the symbol is currently traded on Korea Stock Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.

SK Hynix December 1, 2024 Market Strength

Market strength indicators help investors to evaluate how SK Hynix stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading SK Hynix shares will generate the highest return on investment. By undertsting and applying SK Hynix stock market strength indicators, traders can identify SK Hynix entry and exit signals to maximize returns

SK Hynix Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for SK Hynix's price direction in advance. Along with the technical and fundamental analysis of 000660 Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of 000660 to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.

Complementary Tools for 000660 Stock analysis

When running SK Hynix's price analysis, check to measure SK Hynix'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 SK Hynix is operating at the current time. Most of SK Hynix's value examination focuses on studying past and present price action to predict the probability of SK Hynix's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move SK Hynix's price. Additionally, you may evaluate how the addition of SK Hynix to your portfolios can decrease your overall portfolio volatility.
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