Husteel (Korea) Market Value
| 005010 Stock | 4,005 15.00 0.37% |
| Symbol | Husteel |
Husteel '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 Husteel'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 Husteel.
| 09/02/2024 |
| 12/01/2024 |
If you would invest 0.00 in Husteel on September 2, 2024 and sell it all today you would earn a total of 0.00 from holding Husteel or generate 0.0% return on investment in Husteel over 90 days. Husteel is related to or competes with LG Chemicals, POSCO Holdings, Hanwha Solutions, Hyundai Steel, Ecopro, Seah Steel, and SeAH Bestee. More
Husteel 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 Husteel'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 Husteel upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.5 | |||
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 11.02 | |||
| Value At Risk | (2.62) | |||
| Potential Upside | 2.74 |
Husteel Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Husteel's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Husteel's standard deviation. In reality, there are many statistical measures that can use Husteel historical prices to predict the future Husteel's volatility.| Risk Adjusted Performance | 0.0134 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.27) | |||
| Sortino Ratio | (0.08) | |||
| Treynor Ratio | 0.0751 |
Husteel Backtested Returns
Husteel holds Efficiency (Sharpe) Ratio of -0.0519, which attests that the entity had a -0.0519% return per unit of risk over the last 3 months. Husteel exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Husteel's Market Risk Adjusted Performance of 0.0851, downside deviation of 1.5, and Risk Adjusted Performance of 0.0134 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, Husteel's returns are expected to increase less than the market. However, during the bear market, the loss of holding Husteel is expected to be smaller as well. At this point, Husteel has a negative expected return of -0.0733%. Please make sure to check out Husteel's coefficient of variation, jensen alpha, sortino ratio, as well as the relationship between the information ratio and total risk alpha , to decide if Husteel performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.36 |
Below average predictability
Husteel has below average predictability. Overlapping area represents the amount of predictability between Husteel time series from 2nd of September 2024 to 17th of October 2024 and 17th of October 2024 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 Husteel price movement. The serial correlation of 0.36 indicates that just about 36.0% of current Husteel price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.36 | |
| Spearman Rank Test | -0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 10.4 K |
Husteel lagged returns against current returns
Autocorrelation, which is Husteel 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 Husteel's stock expected returns. We can calculate the autocorrelation of Husteel returns to help us make a trade decision. For example, suppose you find that Husteel 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 |
Husteel 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 Husteel stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Husteel stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Husteel stock over time.
Current vs Lagged Prices |
| Timeline |
Husteel Lagged Returns
When evaluating Husteel's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Husteel stock have on its future price. Husteel 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, Husteel autocorrelation shows the relationship between Husteel stock current value and its past values and can show if there is a momentum factor associated with investing in Husteel.
Regressed Prices |
| Timeline |
Pair Trading with Husteel
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 Husteel 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 Husteel will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Husteel could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Husteel 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 Husteel - 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 Husteel to buy it.
The correlation of Husteel 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 Husteel moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Husteel 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 Husteel 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 Husteel Stock
Husteel financial ratios help investors to determine whether Husteel Stock 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 Husteel with respect to the benefits of owning Husteel security.