HCT (Korea) Market Value
| 072990 Stock | 7,750 440.00 5.37% |
| Symbol | HCT |
HCT '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 HCT'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 HCT.
| 12/10/2023 |
| 01/03/2025 |
If you would invest 0.00 in HCT on December 10, 2023 and sell it all today you would earn a total of 0.00 from holding HCT Co or generate 0.0% return on investment in HCT over 390 days.
HCT 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 HCT'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 HCT Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 17.58 | |||
| Value At Risk | (5.08) | |||
| Potential Upside | 4.57 |
HCT Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for HCT's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HCT's standard deviation. In reality, there are many statistical measures that can use HCT historical prices to predict the future HCT's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.34) | |||
| Total Risk Alpha | (0.34) | |||
| Treynor Ratio | (1.30) |
HCT Co Backtested Returns
HCT Co holds Efficiency (Sharpe) Ratio of -0.24, which attests that the company had a -0.24% return per unit of volatility over the last 3 months. HCT Co exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out HCT's coefficient of variation of (849.11), and Market Risk Adjusted Performance of (1.29) to validate the risk estimate we provide. The firm retains a Market Volatility (i.e., Beta) of 0.26, which attests to not very significant fluctuations relative to the market. As returns on the market increase, HCT's returns are expected to increase less than the market. However, during the bear market, the loss of holding HCT is expected to be smaller as well. At this point, HCT Co has a negative expected return of -0.55%. Please make sure to check out HCT's maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to decide if HCT Co performance from the past will be repeated in the future.
Auto-correlation | 0.29 |
Poor predictability
HCT Co has poor predictability. Overlapping area represents the amount of predictability between HCT time series from 10th of December 2023 to 22nd of June 2024 and 22nd of June 2024 to 3rd of January 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 HCT Co price movement. The serial correlation of 0.29 indicates that nearly 29.0% of current HCT price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.29 | |
| Spearman Rank Test | -0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 778.6 K |
HCT Co lagged returns against current returns
Autocorrelation, which is HCT 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 HCT's stock expected returns. We can calculate the autocorrelation of HCT returns to help us make a trade decision. For example, suppose you find that HCT 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 |
HCT 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 HCT stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HCT stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HCT stock over time.
Current vs Lagged Prices |
| Timeline |
HCT Lagged Returns
When evaluating HCT's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HCT stock have on its future price. HCT 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, HCT autocorrelation shows the relationship between HCT stock current value and its past values and can show if there is a momentum factor associated with investing in HCT Co.
Regressed Prices |
| Timeline |
Pair Trading with HCT
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 HCT 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 HCT will appreciate offsetting losses from the drop in the long position's value.Moving together with HCT Stock
| 0.81 | 005935 | Samsung Electronics | PairCorr |
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| 0.64 | 000660 | SK Hynix | PairCorr |
| 0.72 | 207940 | Samsung Biologics | PairCorr |
The ability to find closely correlated positions to HCT could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace HCT 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 HCT - 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 HCT Co to buy it.
The correlation of HCT 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 HCT moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if HCT Co 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 HCT 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.