HJ ShipBuilding (Korea) Market Value
| 097230 Stock | 7,940 80.00 1.02% |
| Symbol | 097230 |
HJ ShipBuilding '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 HJ ShipBuilding'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 HJ ShipBuilding.
| 12/19/2024 |
| 03/19/2025 |
If you would invest 0.00 in HJ ShipBuilding on December 19, 2024 and sell it all today you would earn a total of 0.00 from holding HJ ShipBuilding Construction or generate 0.0% return on investment in HJ ShipBuilding over 90 days. HJ ShipBuilding is related to or competes with Hwangkum Steel, Lotte Data, AeroSpace Technology, Daishin Information, People Technology, and Adaptive Plasma. More
HJ ShipBuilding 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 HJ ShipBuilding'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 HJ ShipBuilding Construction upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.47 | |||
| Information Ratio | 0.1874 | |||
| Maximum Drawdown | 38.95 | |||
| Value At Risk | (7.80) | |||
| Potential Upside | 14.38 |
HJ ShipBuilding Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for HJ ShipBuilding's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HJ ShipBuilding's standard deviation. In reality, there are many statistical measures that can use HJ ShipBuilding historical prices to predict the future HJ ShipBuilding's volatility.| Risk Adjusted Performance | 0.164 | |||
| Jensen Alpha | 1.31 | |||
| Total Risk Alpha | 2.11 | |||
| Sortino Ratio | 0.3166 | |||
| Treynor Ratio | (9.34) |
HJ ShipBuilding Cons Backtested Returns
HJ ShipBuilding appears to be very steady, given 3 months investment horizon. HJ ShipBuilding Cons retains Efficiency (Sharpe Ratio) of 0.14, which attests that the entity had a 0.14 % return per unit of price deviation over the last 3 months. By inspecting HJ ShipBuilding's technical indicators, you can evaluate if the expected return of 0.97% is justified by implied risk. Please utilize HJ ShipBuilding's Market Risk Adjusted Performance of (9.33), semi deviation of 3.69, and Standard Deviation of 7.55 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, HJ ShipBuilding holds a performance score of 11. The company owns a Beta (Systematic Risk) of -0.14, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning HJ ShipBuilding are expected to decrease at a much lower rate. During the bear market, HJ ShipBuilding is likely to outperform the market. Please check HJ ShipBuilding's market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to make a quick decision on whether HJ ShipBuilding's current price history will revert.
Auto-correlation | -0.21 |
Weak reverse predictability
HJ ShipBuilding Construction has weak reverse predictability. Overlapping area represents the amount of predictability between HJ ShipBuilding time series from 19th of December 2024 to 2nd of February 2025 and 2nd of February 2025 to 19th 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 HJ ShipBuilding Cons price movement. The serial correlation of -0.21 indicates that over 21.0% of current HJ ShipBuilding price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.21 | |
| Spearman Rank Test | -0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 994.5 K |
HJ ShipBuilding Cons lagged returns against current returns
Autocorrelation, which is HJ ShipBuilding 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 HJ ShipBuilding's stock expected returns. We can calculate the autocorrelation of HJ ShipBuilding returns to help us make a trade decision. For example, suppose you find that HJ ShipBuilding 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 |
HJ ShipBuilding 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 HJ ShipBuilding stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HJ ShipBuilding stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HJ ShipBuilding stock over time.
Current vs Lagged Prices |
| Timeline |
HJ ShipBuilding Lagged Returns
When evaluating HJ ShipBuilding's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HJ ShipBuilding stock have on its future price. HJ ShipBuilding 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, HJ ShipBuilding autocorrelation shows the relationship between HJ ShipBuilding stock current value and its past values and can show if there is a momentum factor associated with investing in HJ ShipBuilding Construction.
Regressed Prices |
| Timeline |
Pair Trading with HJ ShipBuilding
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 HJ ShipBuilding 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 HJ ShipBuilding will appreciate offsetting losses from the drop in the long position's value.Moving together with 097230 Stock
Moving against 097230 Stock
The ability to find closely correlated positions to HJ ShipBuilding could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace HJ ShipBuilding 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 HJ ShipBuilding - 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 HJ ShipBuilding Construction to buy it.
The correlation of HJ ShipBuilding 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 HJ ShipBuilding moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if HJ ShipBuilding Cons 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 HJ ShipBuilding 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 097230 Stock
HJ ShipBuilding financial ratios help investors to determine whether 097230 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 097230 with respect to the benefits of owning HJ ShipBuilding security.