Histeel (Korea) Market Value
071090 Stock | 4,385 365.00 9.08% |
Symbol | Histeel |
Histeel '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 Histeel'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 Histeel.
12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Histeel on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Histeel or generate 0.0% return on investment in Histeel over 90 days. Histeel is related to or competes with Shinsegae Food, CKH Food, Iljin Display, Lotte Data, FOODWELL, Korea Computer, and Digital Power. More
Histeel 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 Histeel'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 Histeel upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 2.9 | |||
Information Ratio | 0.1545 | |||
Maximum Drawdown | 35.48 | |||
Value At Risk | (5.26) | |||
Potential Upside | 7.8 |
Histeel Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Histeel's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Histeel's standard deviation. In reality, there are many statistical measures that can use Histeel historical prices to predict the future Histeel's volatility.Risk Adjusted Performance | 0.1256 | |||
Jensen Alpha | 0.8296 | |||
Total Risk Alpha | 1.29 | |||
Sortino Ratio | 0.2661 | |||
Treynor Ratio | 0.4366 |
Histeel Backtested Returns
Histeel appears to be very steady, given 3 months investment horizon. Histeel holds Efficiency (Sharpe) Ratio of 0.16, which attests that the entity had a 0.16 % return per unit of risk over the last 3 months. By evaluating Histeel's technical indicators, you can evaluate if the expected return of 0.82% is justified by implied risk. Please utilize Histeel's Downside Deviation of 2.9, market risk adjusted performance of 0.4466, and Risk Adjusted Performance of 0.1256 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Histeel holds a performance score of 12. The company retains a Market Volatility (i.e., Beta) of 1.52, 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, Histeel will likely underperform. Please check Histeel's coefficient of variation, jensen alpha, sortino ratio, as well as the relationship between the standard deviation and total risk alpha , to make a quick decision on whether Histeel's current trending patterns will revert.
Auto-correlation | 0.58 |
Modest predictability
Histeel has modest predictability. Overlapping area represents the amount of predictability between Histeel 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 Histeel price movement. The serial correlation of 0.58 indicates that roughly 58.0% of current Histeel price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.58 | |
Spearman Rank Test | 0.63 | |
Residual Average | 0.0 | |
Price Variance | 199.5 K |
Histeel lagged returns against current returns
Autocorrelation, which is Histeel 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 Histeel's stock expected returns. We can calculate the autocorrelation of Histeel returns to help us make a trade decision. For example, suppose you find that Histeel 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 |
Histeel 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 Histeel stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Histeel stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Histeel stock over time.
Current vs Lagged Prices |
Timeline |
Histeel Lagged Returns
When evaluating Histeel's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Histeel stock have on its future price. Histeel 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, Histeel autocorrelation shows the relationship between Histeel stock current value and its past values and can show if there is a momentum factor associated with investing in Histeel.
Regressed Prices |
Timeline |
Pair Trading with Histeel
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 Histeel 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 Histeel will appreciate offsetting losses from the drop in the long position's value.Moving together with Histeel Stock
0.75 | 005490 | POSCO Holdings | PairCorr |
0.75 | 011170 | Lotte Chemical Corp | PairCorr |
0.87 | 004020 | Hyundai Steel | PairCorr |
Moving against Histeel Stock
0.57 | 215480 | Daewoo SBI SPAC | PairCorr |
0.53 | 187870 | DeviceENGCOLtd | PairCorr |
0.36 | 336260 | Doosan Fuel Cell | PairCorr |
The ability to find closely correlated positions to Histeel could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Histeel 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 Histeel - 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 Histeel to buy it.
The correlation of Histeel 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 Histeel moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Histeel 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 Histeel 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 Histeel Stock
Histeel financial ratios help investors to determine whether Histeel 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 Histeel with respect to the benefits of owning Histeel security.