Helixmith (Korea) Market Value
| 084990 Stock | KRW 2,755 130.00 4.95% |
| Symbol | Helixmith |
Helixmith '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 Helixmith'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 Helixmith.
| 12/23/2022 |
| 12/12/2024 |
If you would invest 0.00 in Helixmith on December 23, 2022 and sell it all today you would earn a total of 0.00 from holding Helixmith Co or generate 0.0% return on investment in Helixmith over 720 days. Helixmith is related to or competes with Medy Tox, and Genexine. Helixmith Co., Ltd, a biotechnology company, discovers and develops biopharmaceuticals for human diseases More
Helixmith 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 Helixmith'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 Helixmith Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 21.25 | |||
| Value At Risk | (4.77) | |||
| Potential Upside | 3.97 |
Helixmith Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Helixmith's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Helixmith's standard deviation. In reality, there are many statistical measures that can use Helixmith historical prices to predict the future Helixmith's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.27) | |||
| Total Risk Alpha | (0.78) | |||
| Treynor Ratio | 0.7116 |
Helixmith Backtested Returns
Helixmith holds Efficiency (Sharpe) Ratio of -0.0988, which attests that the entity had a -0.0988% return per unit of risk over the last 3 months. Helixmith exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Helixmith's Standard Deviation of 2.86, risk adjusted performance of (0.07), and Market Risk Adjusted Performance of 0.7216 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.46, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Helixmith are expected to decrease at a much lower rate. During the bear market, Helixmith is likely to outperform the market. At this point, Helixmith has a negative expected return of -0.3%. Please make sure to check out Helixmith's jensen alpha, treynor ratio, and the relationship between the standard deviation and total risk alpha , to decide if Helixmith performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.62 |
Good predictability
Helixmith Co has good predictability. Overlapping area represents the amount of predictability between Helixmith time series from 23rd of December 2022 to 18th of December 2023 and 18th of December 2023 to 12th 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 Helixmith price movement. The serial correlation of 0.62 indicates that roughly 62.0% of current Helixmith price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.62 | |
| Spearman Rank Test | 0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 398.9 K |
Helixmith lagged returns against current returns
Autocorrelation, which is Helixmith 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 Helixmith's stock expected returns. We can calculate the autocorrelation of Helixmith returns to help us make a trade decision. For example, suppose you find that Helixmith 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 |
Helixmith 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 Helixmith stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Helixmith stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Helixmith stock over time.
Current vs Lagged Prices |
| Timeline |
Helixmith Lagged Returns
When evaluating Helixmith's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Helixmith stock have on its future price. Helixmith 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, Helixmith autocorrelation shows the relationship between Helixmith stock current value and its past values and can show if there is a momentum factor associated with investing in Helixmith Co.
Regressed Prices |
| Timeline |
Pair Trading with Helixmith
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 Helixmith 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 Helixmith will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Helixmith could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Helixmith 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 Helixmith - 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 Helixmith Co to buy it.
The correlation of Helixmith 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 Helixmith moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Helixmith 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 Helixmith 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 Helixmith Stock
Helixmith financial ratios help investors to determine whether Helixmith 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 Helixmith with respect to the benefits of owning Helixmith security.