KMH Hitech (Korea) Market Value
| 052900 Stock | KRW 966.00 9.00 0.94% |
| Symbol | KMH |
KMH Hitech '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 KMH Hitech'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 KMH Hitech.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in KMH Hitech on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding KMH Hitech Co or generate 0.0% return on investment in KMH Hitech over 90 days. KMH Hitech is related to or competes with Nice Information, Jeju Beer, Lotte Chilsung, INtRON Biotechnology, Kisan Telecom, Korea Information, and Lotte Data. KMH Hitech Co., Ltd. provides semiconductor process materials More
KMH Hitech 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 KMH Hitech'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 KMH Hitech Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.37 | |||
| Information Ratio | 0.1369 | |||
| Maximum Drawdown | 8.59 | |||
| Value At Risk | (2.57) | |||
| Potential Upside | 2.86 |
KMH Hitech Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for KMH Hitech's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as KMH Hitech's standard deviation. In reality, there are many statistical measures that can use KMH Hitech historical prices to predict the future KMH Hitech's volatility.| Risk Adjusted Performance | 0.0796 | |||
| Jensen Alpha | 0.1921 | |||
| Total Risk Alpha | 0.3929 | |||
| Sortino Ratio | 0.1108 | |||
| Treynor Ratio | 0.4284 |
KMH Hitech Backtested Returns
At this point, KMH Hitech is very steady. KMH Hitech has Sharpe Ratio of 0.11, which conveys that the firm had a 0.11 % return per unit of risk over the last 3 months. We have found thirty technical indicators for KMH Hitech, which you can use to evaluate the volatility of the firm. Please verify KMH Hitech's risk adjusted performance of 0.0796, and Mean Deviation of 1.41 to check out if the risk estimate we provide is consistent with the expected return of 0.17%. KMH Hitech has a performance score of 8 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.36, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, KMH Hitech's returns are expected to increase less than the market. However, during the bear market, the loss of holding KMH Hitech is expected to be smaller as well. KMH Hitech now secures a risk of 1.55%. Please verify KMH Hitech Co market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to decide if KMH Hitech Co will be following its current price movements.
Auto-correlation | -0.04 |
Very weak reverse predictability
KMH Hitech Co has very weak reverse predictability. Overlapping area represents the amount of predictability between KMH Hitech 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 KMH Hitech price movement. The serial correlation of -0.04 indicates that only as little as 4.0% of current KMH Hitech price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.04 | |
| Spearman Rank Test | -0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 551.33 |
KMH Hitech lagged returns against current returns
Autocorrelation, which is KMH Hitech 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 KMH Hitech's stock expected returns. We can calculate the autocorrelation of KMH Hitech returns to help us make a trade decision. For example, suppose you find that KMH Hitech 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 |
KMH Hitech 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 KMH Hitech stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if KMH Hitech stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in KMH Hitech stock over time.
Current vs Lagged Prices |
| Timeline |
KMH Hitech Lagged Returns
When evaluating KMH Hitech's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of KMH Hitech stock have on its future price. KMH Hitech 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, KMH Hitech autocorrelation shows the relationship between KMH Hitech stock current value and its past values and can show if there is a momentum factor associated with investing in KMH Hitech Co.
Regressed Prices |
| Timeline |
Pair Trading with KMH Hitech
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 KMH Hitech 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 KMH Hitech will appreciate offsetting losses from the drop in the long position's value.Moving against KMH Stock
| 0.44 | 005380 | Hyundai Motor | PairCorr |
| 0.42 | 055550 | Shinhan Financial | PairCorr |
| 0.4 | 032830 | Samsung Life | PairCorr |
| 0.33 | 105560 | KB Financial Group | PairCorr |
The ability to find closely correlated positions to KMH Hitech could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace KMH Hitech 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 KMH Hitech - 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 KMH Hitech Co to buy it.
The correlation of KMH Hitech 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 KMH Hitech moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if KMH Hitech 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 KMH Hitech 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 KMH Stock
KMH Hitech financial ratios help investors to determine whether KMH 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 KMH with respect to the benefits of owning KMH Hitech security.