Hotel Shilla (Korea) Market Value
| 008775 Stock | 30,600 350.00 1.16% |
| Symbol | Hotel |
Hotel Shilla '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 Hotel Shilla'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 Hotel Shilla.
| 12/07/2024 |
| 01/06/2025 |
If you would invest 0.00 in Hotel Shilla on December 7, 2024 and sell it all today you would earn a total of 0.00 from holding Hotel Shilla Co or generate 0.0% return on investment in Hotel Shilla over 30 days.
Hotel Shilla 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 Hotel Shilla'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 Hotel Shilla Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.30) | |||
| Maximum Drawdown | 8.9 | |||
| Value At Risk | (2.31) | |||
| Potential Upside | 1.14 |
Hotel Shilla Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hotel Shilla's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hotel Shilla's standard deviation. In reality, there are many statistical measures that can use Hotel Shilla historical prices to predict the future Hotel Shilla's volatility.| Risk Adjusted Performance | (0.22) | |||
| Jensen Alpha | (0.39) | |||
| Total Risk Alpha | (0.40) | |||
| Treynor Ratio | (2.05) |
Hotel Shilla Backtested Returns
Hotel Shilla holds Efficiency (Sharpe) Ratio of -0.28, which attests that the entity had a -0.28% return per unit of risk over the last 3 months. Hotel Shilla exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hotel Shilla's Risk Adjusted Performance of (0.22), standard deviation of 1.33, and Market Risk Adjusted Performance of (2.04) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.19, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Hotel Shilla's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hotel Shilla is expected to be smaller as well. At this point, Hotel Shilla has a negative expected return of -0.38%. Please make sure to check out Hotel Shilla's maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to decide if Hotel Shilla performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.48 |
Modest reverse predictability
Hotel Shilla Co has modest reverse predictability. Overlapping area represents the amount of predictability between Hotel Shilla time series from 7th of December 2024 to 22nd of December 2024 and 22nd of December 2024 to 6th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Hotel Shilla price movement. The serial correlation of -0.48 indicates that about 48.0% of current Hotel Shilla price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.48 | |
| Spearman Rank Test | -0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 50.5 K |
Hotel Shilla lagged returns against current returns
Autocorrelation, which is Hotel Shilla 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 Hotel Shilla's stock expected returns. We can calculate the autocorrelation of Hotel Shilla returns to help us make a trade decision. For example, suppose you find that Hotel Shilla 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 |
Hotel Shilla 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 Hotel Shilla stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hotel Shilla stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hotel Shilla stock over time.
Current vs Lagged Prices |
| Timeline |
Hotel Shilla Lagged Returns
When evaluating Hotel Shilla's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hotel Shilla stock have on its future price. Hotel Shilla 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, Hotel Shilla autocorrelation shows the relationship between Hotel Shilla stock current value and its past values and can show if there is a momentum factor associated with investing in Hotel Shilla Co.
Regressed Prices |
| Timeline |
Pair Trading with Hotel Shilla
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 Hotel Shilla 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 Hotel Shilla will appreciate offsetting losses from the drop in the long position's value.Moving together with Hotel Stock
| 0.85 | 005935 | Samsung Electronics | PairCorr |
| 0.84 | 005930 | Samsung Electronics | PairCorr |
| 0.68 | 373220 | LG Energy Solution | PairCorr |
| 0.71 | 207940 | Samsung Biologics | PairCorr |
The ability to find closely correlated positions to Hotel Shilla could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hotel Shilla 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 Hotel Shilla - 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 Hotel Shilla Co to buy it.
The correlation of Hotel Shilla 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 Hotel Shilla moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hotel Shilla 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 Hotel Shilla 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.