Hyundai Mobis (Korea) Market Value
| 012330 Stock | 244,000 6,000 2.40% |
| Symbol | Hyundai |
Hyundai Mobis '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 Mobis' 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 Mobis.
| 11/21/2024 |
| 12/21/2024 |
If you would invest 0.00 in Hyundai Mobis on November 21, 2024 and sell it all today you would earn a total of 0.00 from holding Hyundai Mobis or generate 0.0% return on investment in Hyundai Mobis over 30 days. Hyundai Mobis is related to or competes with Daou Data, Busan Industrial, Sam Chun, Humax, Finebesteel, Shinhan Inverse, and Fine Besteel. More
Hyundai Mobis 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 Mobis' 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 Mobis upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.55 | |||
| Information Ratio | 0.1333 | |||
| Maximum Drawdown | 10.91 | |||
| Value At Risk | (2.44) | |||
| Potential Upside | 4.09 |
Hyundai Mobis Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hyundai Mobis' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hyundai Mobis' standard deviation. In reality, there are many statistical measures that can use Hyundai Mobis historical prices to predict the future Hyundai Mobis' volatility.| Risk Adjusted Performance | 0.1246 | |||
| Jensen Alpha | 0.2858 | |||
| Total Risk Alpha | 0.2291 | |||
| Sortino Ratio | 0.1689 | |||
| Treynor Ratio | (3.81) |
Hyundai Mobis Backtested Returns
At this point, Hyundai Mobis is very steady. Hyundai Mobis holds Efficiency (Sharpe) Ratio of 0.0819, which attests that the entity had a 0.0819% return per unit of risk over the last 3 months. We have found thirty technical indicators for Hyundai Mobis, which you can use to evaluate the volatility of the firm. Please check out Hyundai Mobis' Market Risk Adjusted Performance of (3.80), downside deviation of 1.55, and Risk Adjusted Performance of 0.1246 to validate if the risk estimate we provide is consistent with the expected return of 0.16%. Hyundai Mobis has a performance score of 6 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of -0.0746, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Hyundai Mobis are expected to decrease at a much lower rate. During the bear market, Hyundai Mobis is likely to outperform the market. Hyundai Mobis right now retains a risk of 1.95%. Please check out Hyundai Mobis total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to decide if Hyundai Mobis will be following its current trending patterns.
Auto-correlation | -0.25 |
Weak reverse predictability
Hyundai Mobis has weak reverse predictability. Overlapping area represents the amount of predictability between Hyundai Mobis time series from 21st of November 2024 to 6th of December 2024 and 6th of December 2024 to 21st 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 Mobis price movement. The serial correlation of -0.25 indicates that over 25.0% of current Hyundai Mobis price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.25 | |
| Spearman Rank Test | -0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 24 M |
Hyundai Mobis lagged returns against current returns
Autocorrelation, which is Hyundai Mobis 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 Mobis' stock expected returns. We can calculate the autocorrelation of Hyundai Mobis returns to help us make a trade decision. For example, suppose you find that Hyundai Mobis 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 Mobis 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 Mobis stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hyundai Mobis stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hyundai Mobis stock over time.
Current vs Lagged Prices |
| Timeline |
Hyundai Mobis Lagged Returns
When evaluating Hyundai Mobis' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hyundai Mobis stock have on its future price. Hyundai Mobis 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 Mobis autocorrelation shows the relationship between Hyundai Mobis stock current value and its past values and can show if there is a momentum factor associated with investing in Hyundai Mobis.
Regressed Prices |
| Timeline |
Pair Trading with Hyundai Mobis
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 Mobis 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 Mobis will appreciate offsetting losses from the drop in the long position's value.Moving against Hyundai Stock
| 0.55 | 293780 | AptaBio Therapeutics | PairCorr |
| 0.41 | 036030 | KT Hitel | PairCorr |
| 0.33 | 215600 | SillaJen | PairCorr |
| 0.33 | 029780 | Samsung Card | PairCorr |
The ability to find closely correlated positions to Hyundai Mobis 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 Mobis 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 Mobis - 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 Mobis to buy it.
The correlation of Hyundai Mobis 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 Mobis moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hyundai Mobis 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 Mobis 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 Mobis 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 Mobis security.