Hanwha Life (Korea) Market Value
| 088350 Stock | 2,500 55.00 2.25% |
| Symbol | Hanwha |
Hanwha Life '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 Hanwha Life'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 Hanwha Life.
| 11/05/2024 |
| 01/04/2025 |
If you would invest 0.00 in Hanwha Life on November 5, 2024 and sell it all today you would earn a total of 0.00 from holding Hanwha Life Insurance or generate 0.0% return on investment in Hanwha Life over 60 days. Hanwha Life is related to or competes with Daiyang Metal, Busan Industrial, Daesung Eltec, Finebesteel, Fine Besteel, ISU Chemical, and NAU IB. More
Hanwha Life 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 Hanwha Life'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 Hanwha Life Insurance upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 10.24 | |||
| Value At Risk | (3.45) | |||
| Potential Upside | 2.65 |
Hanwha Life Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hanwha Life's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hanwha Life's standard deviation. In reality, there are many statistical measures that can use Hanwha Life historical prices to predict the future Hanwha Life's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.23) | |||
| Total Risk Alpha | (0.25) | |||
| Treynor Ratio | (0.38) |
Hanwha Life Insurance Backtested Returns
Hanwha Life Insurance holds Efficiency (Sharpe) Ratio of -0.14, which attests that the entity had a -0.14% return per unit of risk over the last 3 months. Hanwha Life Insurance exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hanwha Life's Risk Adjusted Performance of (0.09), standard deviation of 1.89, and Market Risk Adjusted Performance of (0.37) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.58, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Hanwha Life's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hanwha Life is expected to be smaller as well. At this point, Hanwha Life Insurance has a negative expected return of -0.26%. Please make sure to check out Hanwha Life's jensen alpha, treynor ratio, and the relationship between the standard deviation and total risk alpha , to decide if Hanwha Life Insurance performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.37 |
Below average predictability
Hanwha Life Insurance has below average predictability. Overlapping area represents the amount of predictability between Hanwha Life time series from 5th of November 2024 to 5th of December 2024 and 5th of December 2024 to 4th 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 Hanwha Life Insurance price movement. The serial correlation of 0.37 indicates that just about 37.0% of current Hanwha Life price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.37 | |
| Spearman Rank Test | 0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 3137.53 |
Hanwha Life Insurance lagged returns against current returns
Autocorrelation, which is Hanwha Life 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 Hanwha Life's stock expected returns. We can calculate the autocorrelation of Hanwha Life returns to help us make a trade decision. For example, suppose you find that Hanwha Life 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 |
Hanwha Life 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 Hanwha Life stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hanwha Life stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hanwha Life stock over time.
Current vs Lagged Prices |
| Timeline |
Hanwha Life Lagged Returns
When evaluating Hanwha Life's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hanwha Life stock have on its future price. Hanwha Life 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, Hanwha Life autocorrelation shows the relationship between Hanwha Life stock current value and its past values and can show if there is a momentum factor associated with investing in Hanwha Life Insurance.
Regressed Prices |
| Timeline |
Pair Trading with Hanwha Life
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 Hanwha Life 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 Hanwha Life will appreciate offsetting losses from the drop in the long position's value.Moving together with Hanwha Stock
| 0.77 | 005930 | Samsung Electronics | PairCorr |
| 0.76 | 005935 | Samsung Electronics | PairCorr |
| 0.67 | 000660 | SK Hynix | PairCorr |
Moving against Hanwha Stock
The ability to find closely correlated positions to Hanwha Life could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hanwha Life 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 Hanwha Life - 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 Hanwha Life Insurance to buy it.
The correlation of Hanwha Life 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 Hanwha Life moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hanwha Life Insurance 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 Hanwha Life 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 Hanwha Stock
Hanwha Life financial ratios help investors to determine whether Hanwha 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 Hanwha with respect to the benefits of owning Hanwha Life security.