Hanmi Semiconductor (Korea) Market Value
| 042700 Stock | 93,500 6,500 6.50% |
| Symbol | Hanmi |
Hanmi Semiconductor '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 Hanmi Semiconductor'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 Hanmi Semiconductor.
| 03/12/2023 |
| 03/01/2025 |
If you would invest 0.00 in Hanmi Semiconductor on March 12, 2023 and sell it all today you would earn a total of 0.00 from holding Hanmi Semiconductor Co or generate 0.0% return on investment in Hanmi Semiconductor over 720 days. Hanmi Semiconductor is related to or competes with Display Tech, Pureun Mutual, Dongbang Transport, Lotte Non-Life, Jb Financial, Iljin Display, and Alton Sports. More
Hanmi Semiconductor 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 Hanmi Semiconductor'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 Hanmi Semiconductor Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.44 | |||
| Information Ratio | 0.1207 | |||
| Maximum Drawdown | 20.67 | |||
| Value At Risk | (6.14) | |||
| Potential Upside | 11.0 |
Hanmi Semiconductor Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hanmi Semiconductor's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hanmi Semiconductor's standard deviation. In reality, there are many statistical measures that can use Hanmi Semiconductor historical prices to predict the future Hanmi Semiconductor's volatility.| Risk Adjusted Performance | 0.0952 | |||
| Jensen Alpha | 0.5163 | |||
| Total Risk Alpha | 0.681 | |||
| Sortino Ratio | 0.1627 | |||
| Treynor Ratio | (0.62) |
Hanmi Semiconductor Backtested Returns
Hanmi Semiconductor appears to be very steady, given 3 months investment horizon. Hanmi Semiconductor holds Efficiency (Sharpe) Ratio of 0.12, which attests that the entity had a 0.12 % return per unit of risk over the last 3 months. By evaluating Hanmi Semiconductor's technical indicators, you can evaluate if the expected return of 0.55% is justified by implied risk. Please utilize Hanmi Semiconductor's Downside Deviation of 3.44, risk adjusted performance of 0.0952, and Market Risk Adjusted Performance of (0.61) to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Hanmi Semiconductor holds a performance score of 9. The company retains a Market Volatility (i.e., Beta) of -0.87, which attests to possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning Hanmi Semiconductor are expected to decrease slowly. On the other hand, during market turmoil, Hanmi Semiconductor is expected to outperform it slightly. Please check Hanmi Semiconductor's semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and standard deviation , to make a quick decision on whether Hanmi Semiconductor's current trending patterns will revert.
Auto-correlation | -0.59 |
Good reverse predictability
Hanmi Semiconductor Co has good reverse predictability. Overlapping area represents the amount of predictability between Hanmi Semiconductor time series from 12th of March 2023 to 6th of March 2024 and 6th of March 2024 to 1st 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 Hanmi Semiconductor price movement. The serial correlation of -0.59 indicates that roughly 59.0% of current Hanmi Semiconductor price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.59 | |
| Spearman Rank Test | -0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 814 M |
Hanmi Semiconductor lagged returns against current returns
Autocorrelation, which is Hanmi Semiconductor 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 Hanmi Semiconductor's stock expected returns. We can calculate the autocorrelation of Hanmi Semiconductor returns to help us make a trade decision. For example, suppose you find that Hanmi Semiconductor 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 |
Hanmi Semiconductor 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 Hanmi Semiconductor stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hanmi Semiconductor stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hanmi Semiconductor stock over time.
Current vs Lagged Prices |
| Timeline |
Hanmi Semiconductor Lagged Returns
When evaluating Hanmi Semiconductor's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hanmi Semiconductor stock have on its future price. Hanmi Semiconductor 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, Hanmi Semiconductor autocorrelation shows the relationship between Hanmi Semiconductor stock current value and its past values and can show if there is a momentum factor associated with investing in Hanmi Semiconductor Co.
Regressed Prices |
| Timeline |
Pair Trading with Hanmi Semiconductor
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 Hanmi Semiconductor 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 Hanmi Semiconductor will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Hanmi Semiconductor could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hanmi Semiconductor 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 Hanmi Semiconductor - 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 Hanmi Semiconductor Co to buy it.
The correlation of Hanmi Semiconductor 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 Hanmi Semiconductor moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hanmi Semiconductor 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 Hanmi Semiconductor 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 Hanmi Stock
Hanmi Semiconductor financial ratios help investors to determine whether Hanmi 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 Hanmi with respect to the benefits of owning Hanmi Semiconductor security.