Pyung Hwa (Korea) Market Value
| 090080 Stock | 1,190 2.00 0.17% |
| Symbol | Pyung |
Pyung Hwa '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 Pyung Hwa'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 Pyung Hwa.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Pyung Hwa on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Pyung Hwa Industrial or generate 0.0% return on investment in Pyung Hwa over 90 days. Pyung Hwa is related to or competes with Hwangkum Steel, PJ Metal, A Tech, Daejung Chemicals, and Kbi Metal. More
Pyung Hwa 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 Pyung Hwa'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 Pyung Hwa Industrial upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.46 | |||
| Information Ratio | 0.1214 | |||
| Maximum Drawdown | 47.87 | |||
| Value At Risk | (5.49) | |||
| Potential Upside | 7.61 |
Pyung Hwa Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pyung Hwa's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pyung Hwa's standard deviation. In reality, there are many statistical measures that can use Pyung Hwa historical prices to predict the future Pyung Hwa's volatility.| Risk Adjusted Performance | 0.0993 | |||
| Jensen Alpha | 0.4948 | |||
| Total Risk Alpha | 1.32 | |||
| Sortino Ratio | 0.1572 | |||
| Treynor Ratio | (0.66) |
Pyung Hwa Industrial Backtested Returns
Pyung Hwa appears to be very steady, given 3 months investment horizon. Pyung Hwa Industrial maintains Sharpe Ratio (i.e., Efficiency) of 0.11, which implies the firm had a 0.11 % return per unit of risk over the last 3 months. By analyzing Pyung Hwa's technical indicators, you can evaluate if the expected return of 0.66% is justified by implied risk. Please evaluate Pyung Hwa's Risk Adjusted Performance of 0.0993, semi deviation of 3.98, and Coefficient Of Variation of 959.05 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Pyung Hwa holds a performance score of 8. The company holds a Beta of -0.89, which implies possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning Pyung Hwa are expected to decrease slowly. On the other hand, during market turmoil, Pyung Hwa is expected to outperform it slightly. Please check Pyung Hwa's total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether Pyung Hwa's historical price patterns will revert.
Auto-correlation | 0.15 |
Insignificant predictability
Pyung Hwa Industrial has insignificant predictability. Overlapping area represents the amount of predictability between Pyung Hwa 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 Pyung Hwa Industrial price movement. The serial correlation of 0.15 indicates that less than 15.0% of current Pyung Hwa price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.15 | |
| Spearman Rank Test | 0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 8646.77 |
Pyung Hwa Industrial lagged returns against current returns
Autocorrelation, which is Pyung Hwa 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 Pyung Hwa's stock expected returns. We can calculate the autocorrelation of Pyung Hwa returns to help us make a trade decision. For example, suppose you find that Pyung Hwa 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 |
Pyung Hwa 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 Pyung Hwa stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pyung Hwa stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pyung Hwa stock over time.
Current vs Lagged Prices |
| Timeline |
Pyung Hwa Lagged Returns
When evaluating Pyung Hwa's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pyung Hwa stock have on its future price. Pyung Hwa 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, Pyung Hwa autocorrelation shows the relationship between Pyung Hwa stock current value and its past values and can show if there is a momentum factor associated with investing in Pyung Hwa Industrial.
Regressed Prices |
| Timeline |
Pair Trading with Pyung Hwa
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 Pyung Hwa 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 Pyung Hwa will appreciate offsetting losses from the drop in the long position's value.Moving together with Pyung Stock
Moving against Pyung Stock
The ability to find closely correlated positions to Pyung Hwa could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Pyung Hwa 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 Pyung Hwa - 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 Pyung Hwa Industrial to buy it.
The correlation of Pyung Hwa 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 Pyung Hwa moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Pyung Hwa Industrial 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 Pyung Hwa 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 Pyung Stock
Pyung Hwa financial ratios help investors to determine whether Pyung 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 Pyung with respect to the benefits of owning Pyung Hwa security.