Hyundai Development (Korea) Market Value
| 012630 Stock | 12,640 430.00 3.52% |
| Symbol | Hyundai |
Hyundai Development '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 Development'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 Development.
| 12/21/2024 |
| 01/20/2025 |
If you would invest 0.00 in Hyundai Development on December 21, 2024 and sell it all today you would earn a total of 0.00 from holding Hyundai Development Co or generate 0.0% return on investment in Hyundai Development over 30 days.
Hyundai Development 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 Development'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 Development Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.52 | |||
| Information Ratio | 0.1356 | |||
| Maximum Drawdown | 8.91 | |||
| Value At Risk | (2.58) | |||
| Potential Upside | 2.89 |
Hyundai Development Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hyundai Development's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hyundai Development's standard deviation. In reality, there are many statistical measures that can use Hyundai Development historical prices to predict the future Hyundai Development's volatility.| Risk Adjusted Performance | 0.1339 | |||
| Jensen Alpha | 0.2227 | |||
| Total Risk Alpha | 0.194 | |||
| Sortino Ratio | 0.1387 | |||
| Treynor Ratio | 0.5689 |
Hyundai Development Backtested Returns
Hyundai Development appears to be very steady, given 3 months investment horizon. Hyundai Development holds Efficiency (Sharpe) Ratio of 0.16, which attests that the entity had a 0.16 % return per unit of risk over the last 3 months. We have found thirty technical indicators for Hyundai Development, which you can use to evaluate the volatility of the firm. Please utilize Hyundai Development's Risk Adjusted Performance of 0.1339, downside deviation of 1.52, and Market Risk Adjusted Performance of 0.5789 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Hyundai Development holds a performance score of 12. 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, Hyundai Development's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hyundai Development is expected to be smaller as well. Please check Hyundai Development's total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether Hyundai Development's current trending patterns will revert.
Auto-correlation | -0.26 |
Weak reverse predictability
Hyundai Development Co has weak reverse predictability. Overlapping area represents the amount of predictability between Hyundai Development time series from 21st of December 2024 to 5th of January 2025 and 5th of January 2025 to 20th 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 Hyundai Development price movement. The serial correlation of -0.26 indicates that nearly 26.0% of current Hyundai Development price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.26 | |
| Spearman Rank Test | -0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 20.2 K |
Hyundai Development lagged returns against current returns
Autocorrelation, which is Hyundai Development 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 Development's stock expected returns. We can calculate the autocorrelation of Hyundai Development returns to help us make a trade decision. For example, suppose you find that Hyundai Development 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 Development 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 Development stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hyundai Development stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hyundai Development stock over time.
Current vs Lagged Prices |
| Timeline |
Hyundai Development Lagged Returns
When evaluating Hyundai Development's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hyundai Development stock have on its future price. Hyundai Development 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 Development autocorrelation shows the relationship between Hyundai Development stock current value and its past values and can show if there is a momentum factor associated with investing in Hyundai Development Co.
Regressed Prices |
| Timeline |
Pair Trading with Hyundai Development
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 Development 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 Development will appreciate offsetting losses from the drop in the long position's value.Moving against Hyundai Stock
| 0.68 | 051915 | LG Chem | PairCorr |
| 0.66 | 373220 | LG Energy Solution Earnings Call This Week | PairCorr |
| 0.55 | 006400 | Samsung SDI | PairCorr |
| 0.42 | 051910 | LG Chemicals | PairCorr |
The ability to find closely correlated positions to Hyundai Development 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 Development 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 Development - 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 Development Co to buy it.
The correlation of Hyundai Development 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 Development moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hyundai Development 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 Development 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.