Hyundai (Korea) Market Value
| 005380 Stock | 218,500 500.00 0.23% |
| 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.
| 12/12/2022 |
| 12/01/2024 |
If you would invest 0.00 in Hyundai on December 12, 2022 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 720 days. Hyundai is related to or competes with Semyung Electric, Kaonmedia, SM Entertainment, KEPCO Engineering, and Alton Sports. 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 | (0.13) | |||
| Maximum Drawdown | 9.83 | |||
| Value At Risk | (3.95) | |||
| Potential Upside | 3.8 |
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 | (0.05) | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (0.54) | |||
| Treynor Ratio | (0.76) |
Hyundai Motor Backtested Returns
Hyundai Motor holds Efficiency (Sharpe) Ratio of -0.0733, which attests that the entity had a -0.0733% return per unit of risk over the last 3 months. Hyundai Motor exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hyundai's Market Risk Adjusted Performance of (0.75), standard deviation of 2.24, and Risk Adjusted Performance of (0.05) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.22, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Hyundai's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hyundai is expected to be smaller as well. At this point, Hyundai Motor has a negative expected return of -0.16%. Please make sure to check out Hyundai's maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to decide if Hyundai Motor performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.84 |
Very good predictability
Hyundai Motor has very good predictability. Overlapping area represents the amount of predictability between Hyundai time series from 12th of December 2022 to 7th of December 2023 and 7th of December 2023 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 Hyundai Motor price movement. The serial correlation of 0.84 indicates that around 84.0% of current Hyundai price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.84 | |
| Spearman Rank Test | 0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 846.6 M |
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 |
Pair Trading with Hyundai
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 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 will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Hyundai 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 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 - 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 Motor to buy it.
The correlation of Hyundai 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 moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hyundai Motor 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 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 Hyundai Stock
Hyundai financial ratios help investors to determine whether Hyundai 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 Hyundai with respect to the benefits of owning Hyundai security.