Hanwha Aerospace (Korea) Market Value
| 012450 Stock | 705,000 2,000 0.28% |
| Symbol | Hanwha |
Hanwha Aerospace '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 Hanwha Aerospace'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 Hanwha Aerospace.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Hanwha Aerospace on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Hanwha Aerospace Co or generate 0.0% return on investment in Hanwha Aerospace over 90 days. Hanwha Aerospace is related to or competes with LG Display, Hyundai, Hyundai, Hyundai, Adaptive Plasma, Kia Corp, and LG Electronics. More
Hanwha Aerospace 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 Hanwha Aerospace'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 Hanwha Aerospace Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.03 | |||
| Information Ratio | 0.267 | |||
| Maximum Drawdown | 29.06 | |||
| Value At Risk | (4.53) | |||
| Potential Upside | 11.33 |
Hanwha Aerospace Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hanwha Aerospace's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hanwha Aerospace's standard deviation. In reality, there are many statistical measures that can use Hanwha Aerospace historical prices to predict the future Hanwha Aerospace's volatility.| Risk Adjusted Performance | 0.2237 | |||
| Jensen Alpha | 1.2 | |||
| Total Risk Alpha | 1.88 | |||
| Sortino Ratio | 0.4466 | |||
| Treynor Ratio | (3.01) |
Hanwha Aerospace Backtested Returns
Hanwha Aerospace is very steady given 3 months investment horizon. Hanwha Aerospace holds Efficiency (Sharpe) Ratio of 0.32, which attests that the entity had a 0.32 % return per unit of risk over the last 3 months. We were able to analyze thirty different technical indicators, which can help you to evaluate if expected returns of 1.61% are justified by taking the suggested risk. Use Hanwha Aerospace Co Market Risk Adjusted Performance of (3.00), risk adjusted performance of 0.2237, and Downside Deviation of 3.03 to evaluate company specific risk that cannot be diversified away. Hanwha Aerospace holds a performance score of 25 on a scale of zero to a hundred. The company retains a Market Volatility (i.e., Beta) of -0.41, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Hanwha Aerospace are expected to decrease at a much lower rate. During the bear market, Hanwha Aerospace is likely to outperform the market. Use Hanwha Aerospace Co semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and standard deviation , to analyze future returns on Hanwha Aerospace Co.
Auto-correlation | 0.95 |
Excellent predictability
Hanwha Aerospace Co has excellent predictability. Overlapping area represents the amount of predictability between Hanwha Aerospace time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th of March 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 Hanwha Aerospace price movement. The serial correlation of 0.95 indicates that approximately 95.0% of current Hanwha Aerospace price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.95 | |
| Spearman Rank Test | 0.87 | |
| Residual Average | 0.0 | |
| Price Variance | 13.3 B |
Hanwha Aerospace lagged returns against current returns
Autocorrelation, which is Hanwha Aerospace 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 Hanwha Aerospace's stock expected returns. We can calculate the autocorrelation of Hanwha Aerospace returns to help us make a trade decision. For example, suppose you find that Hanwha Aerospace 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 |
Hanwha Aerospace 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 Hanwha Aerospace stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hanwha Aerospace stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hanwha Aerospace stock over time.
Current vs Lagged Prices |
| Timeline |
Hanwha Aerospace Lagged Returns
When evaluating Hanwha Aerospace's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hanwha Aerospace stock have on its future price. Hanwha Aerospace 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, Hanwha Aerospace autocorrelation shows the relationship between Hanwha Aerospace stock current value and its past values and can show if there is a momentum factor associated with investing in Hanwha Aerospace Co.
Regressed Prices |
| Timeline |
Pair Trading with Hanwha Aerospace
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 Hanwha Aerospace 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 Hanwha Aerospace will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Hanwha Aerospace could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hanwha Aerospace 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 Hanwha Aerospace - 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 Hanwha Aerospace Co to buy it.
The correlation of Hanwha Aerospace 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 Hanwha Aerospace moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hanwha Aerospace 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 Hanwha Aerospace 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 Hanwha Stock
Hanwha Aerospace financial ratios help investors to determine whether Hanwha 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 Hanwha with respect to the benefits of owning Hanwha Aerospace security.