HANA Micron (Korea) Market Value
| 067310 Stock | KRW 8,770 450.00 5.41% |
| Symbol | HANA |
HANA Micron '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 HANA Micron'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 HANA Micron.
| 08/19/2023 |
| 12/11/2024 |
If you would invest 0.00 in HANA Micron on August 19, 2023 and sell it all today you would earn a total of 0.00 from holding HANA Micron or generate 0.0% return on investment in HANA Micron over 480 days. HANA Micron is related to or competes with NICE Information, Shinsegae Information, Nice Information, Hyundai Home, LG Household, and Daou Data. HANA Micron Inc. provides semiconductor packaging solutions and test manufacturing services in South Korea and internati... More
HANA Micron 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 HANA Micron'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 HANA Micron upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 15.53 | |||
| Value At Risk | (5.60) | |||
| Potential Upside | 5.18 |
HANA Micron Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for HANA Micron's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HANA Micron's standard deviation. In reality, there are many statistical measures that can use HANA Micron historical prices to predict the future HANA Micron's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.49) | |||
| Total Risk Alpha | (0.99) | |||
| Treynor Ratio | (1.67) |
HANA Micron Backtested Returns
HANA Micron holds Efficiency (Sharpe) Ratio of -0.14, which attests that the company had a -0.14% return per unit of volatility over the last 3 months. HANA Micron exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out HANA Micron's market risk adjusted performance of (1.66), and Coefficient Of Variation of (761.59) to validate the risk estimate we provide. The firm retains a Market Volatility (i.e., Beta) of 0.27, which attests to not very significant fluctuations relative to the market. As returns on the market increase, HANA Micron's returns are expected to increase less than the market. However, during the bear market, the loss of holding HANA Micron is expected to be smaller as well. At this point, HANA Micron has a negative expected return of -0.46%. Please make sure to check out HANA Micron's coefficient of variation, jensen alpha, treynor ratio, as well as the relationship between the standard deviation and total risk alpha , to decide if HANA Micron performance from the past will be repeated in the future.
Auto-correlation | -0.26 |
Weak reverse predictability
HANA Micron has weak reverse predictability. Overlapping area represents the amount of predictability between HANA Micron time series from 19th of August 2023 to 15th of April 2024 and 15th of April 2024 to 11th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of HANA Micron price movement. The serial correlation of -0.26 indicates that nearly 26.0% of current HANA Micron price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.26 | |
| Spearman Rank Test | -0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 21.6 M |
HANA Micron lagged returns against current returns
Autocorrelation, which is HANA Micron 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 HANA Micron's stock expected returns. We can calculate the autocorrelation of HANA Micron returns to help us make a trade decision. For example, suppose you find that HANA Micron 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 |
HANA Micron 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 HANA Micron stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HANA Micron stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HANA Micron stock over time.
Current vs Lagged Prices |
| Timeline |
HANA Micron Lagged Returns
When evaluating HANA Micron's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HANA Micron stock have on its future price. HANA Micron 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, HANA Micron autocorrelation shows the relationship between HANA Micron stock current value and its past values and can show if there is a momentum factor associated with investing in HANA Micron.
Regressed Prices |
| Timeline |
Pair Trading with HANA Micron
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 HANA Micron 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 HANA Micron will appreciate offsetting losses from the drop in the long position's value.Moving together with HANA Stock
| 0.79 | 005930 | Samsung Electronics | PairCorr |
| 0.75 | 005935 | Samsung Electronics | PairCorr |
| 0.76 | 005380 | Hyundai Motor | PairCorr |
Moving against HANA Stock
The ability to find closely correlated positions to HANA Micron could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace HANA Micron 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 HANA Micron - 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 HANA Micron to buy it.
The correlation of HANA Micron 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 HANA Micron moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if HANA Micron 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 HANA Micron 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 HANA Stock
HANA Micron financial ratios help investors to determine whether HANA 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 HANA with respect to the benefits of owning HANA Micron security.