HS Valve (Korea) Market Value
| 039610 Stock | KRW 11,000 430.00 4.07% |
| Symbol | 039610 |
HS Valve '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 HS Valve'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 HS Valve.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in HS Valve on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding HS Valve Co or generate 0.0% return on investment in HS Valve over 90 days. HS Valve is related to or competes with Union Materials, Hyosung Advanced, Hana Materials, EV Advanced, INNOX Advanced, Sajo Seafood, and RF Materials. HS Valve Co., Ltd manufactures and sells valves in South Korea More
HS Valve 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 HS Valve'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 HS Valve Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.63 | |||
| Information Ratio | 0.0666 | |||
| Maximum Drawdown | 34.66 | |||
| Value At Risk | (6.95) | |||
| Potential Upside | 8.19 |
HS Valve Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for HS Valve's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HS Valve's standard deviation. In reality, there are many statistical measures that can use HS Valve historical prices to predict the future HS Valve's volatility.| Risk Adjusted Performance | 0.053 | |||
| Jensen Alpha | 0.5054 | |||
| Total Risk Alpha | 1.11 | |||
| Sortino Ratio | 0.0636 | |||
| Treynor Ratio | 0.1769 |
HS Valve Backtested Returns
HS Valve appears to be very steady, given 3 months investment horizon. HS Valve retains Efficiency (Sharpe Ratio) of 0.13, which attests that the entity had a 0.13 % return per unit of price deviation over the last 3 months. By inspecting HS Valve's technical indicators, you can evaluate if the expected return of 0.72% is justified by implied risk. Please utilize HS Valve's Semi Deviation of 5.88, market risk adjusted performance of 0.1869, and Standard Deviation of 6.33 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, HS Valve holds a performance score of 10. The company owns a Beta (Systematic Risk) of 1.77, 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, HS Valve will likely underperform. Please check HS Valve's market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to make a quick decision on whether HS Valve's current price history will revert.
Auto-correlation | 0.66 |
Good predictability
HS Valve Co has good predictability. Overlapping area represents the amount of predictability between HS Valve 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 HS Valve price movement. The serial correlation of 0.66 indicates that around 66.0% of current HS Valve price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.66 | |
| Spearman Rank Test | 0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 1.4 M |
HS Valve lagged returns against current returns
Autocorrelation, which is HS Valve 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 HS Valve's stock expected returns. We can calculate the autocorrelation of HS Valve returns to help us make a trade decision. For example, suppose you find that HS Valve 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 |
HS Valve 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 HS Valve stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HS Valve stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HS Valve stock over time.
Current vs Lagged Prices |
| Timeline |
HS Valve Lagged Returns
When evaluating HS Valve's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HS Valve stock have on its future price. HS Valve 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, HS Valve autocorrelation shows the relationship between HS Valve stock current value and its past values and can show if there is a momentum factor associated with investing in HS Valve Co.
Regressed Prices |
| Timeline |
Pair Trading with HS Valve
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 HS Valve 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 HS Valve will appreciate offsetting losses from the drop in the long position's value.Moving against 039610 Stock
The ability to find closely correlated positions to HS Valve could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace HS Valve 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 HS Valve - 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 HS Valve Co to buy it.
The correlation of HS Valve 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 HS Valve moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if HS Valve 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 HS Valve 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 039610 Stock
HS Valve financial ratios help investors to determine whether 039610 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 039610 with respect to the benefits of owning HS Valve security.