Humax Holdings (Korea) Market Value
| 028080 Stock | KRW 2,285 45.00 2.01% |
| Symbol | Humax |
Humax Holdings '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 Humax Holdings' 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 Humax Holdings.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Humax Holdings on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Humax Holdings Co or generate 0.0% return on investment in Humax Holdings over 90 days. Humax Holdings is related to or competes with Jahwa Electronics, Kolon Plastics, RF Materials, SungMoon Electronics, Anam Electronics, and Daejoo Electronic. Humax Holdings Co., Ltd. manufactures and sells broadcasting and wireless communication devices and automotive antennas ... More
Humax Holdings 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 Humax Holdings' 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 Humax Holdings Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.31 | |||
| Information Ratio | 0.0608 | |||
| Maximum Drawdown | 44.84 | |||
| Value At Risk | (7.38) | |||
| Potential Upside | 15.73 |
Humax Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Humax Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Humax Holdings' standard deviation. In reality, there are many statistical measures that can use Humax Holdings historical prices to predict the future Humax Holdings' volatility.| Risk Adjusted Performance | 0.0512 | |||
| Jensen Alpha | 0.7857 | |||
| Total Risk Alpha | 1.39 | |||
| Sortino Ratio | 0.0924 | |||
| Treynor Ratio | 0.1029 |
Humax Holdings Backtested Returns
At this point, Humax Holdings is very steady. Humax Holdings holds Efficiency (Sharpe) Ratio of 0.0261, which attests that the entity had a 0.0261 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Humax Holdings, which you can use to evaluate the volatility of the firm. Please check out Humax Holdings' Market Risk Adjusted Performance of 0.1129, downside deviation of 5.31, and Risk Adjusted Performance of 0.0512 to validate if the risk estimate we provide is consistent with the expected return of 0.19%. Humax Holdings has a performance score of 2 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 3.71, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Humax Holdings will likely underperform. Humax Holdings right now retains a risk of 7.34%. Please check out Humax Holdings coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to decide if Humax Holdings will be following its current trending patterns.
Auto-correlation | -0.44 |
Modest reverse predictability
Humax Holdings Co has modest reverse predictability. Overlapping area represents the amount of predictability between Humax Holdings 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 Humax Holdings price movement. The serial correlation of -0.44 indicates that just about 44.0% of current Humax Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.44 | |
| Spearman Rank Test | -0.44 | |
| Residual Average | 0.0 | |
| Price Variance | 43.6 K |
Humax Holdings lagged returns against current returns
Autocorrelation, which is Humax Holdings 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 Humax Holdings' stock expected returns. We can calculate the autocorrelation of Humax Holdings returns to help us make a trade decision. For example, suppose you find that Humax Holdings 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 |
Humax Holdings 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 Humax Holdings stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Humax Holdings stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Humax Holdings stock over time.
Current vs Lagged Prices |
| Timeline |
Humax Holdings Lagged Returns
When evaluating Humax Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Humax Holdings stock have on its future price. Humax Holdings 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, Humax Holdings autocorrelation shows the relationship between Humax Holdings stock current value and its past values and can show if there is a momentum factor associated with investing in Humax Holdings Co.
Regressed Prices |
| Timeline |
Pair Trading with Humax Holdings
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 Humax Holdings 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 Humax Holdings will appreciate offsetting losses from the drop in the long position's value.Moving together with Humax Stock
Moving against Humax Stock
The ability to find closely correlated positions to Humax Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Humax Holdings 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 Humax Holdings - 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 Humax Holdings Co to buy it.
The correlation of Humax Holdings 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 Humax Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Humax Holdings 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 Humax Holdings 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 Humax Stock
Humax Holdings financial ratios help investors to determine whether Humax 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 Humax with respect to the benefits of owning Humax Holdings security.