Haitai Confectionery (Korea) Market Value
| 101530 Stock | 6,090 40.00 0.66% |
| Symbol | Haitai |
Haitai Confectionery '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 Haitai Confectionery'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 Haitai Confectionery.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Haitai Confectionery on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Haitai Confectionery Foods or generate 0.0% return on investment in Haitai Confectionery over 90 days. Haitai Confectionery is related to or competes with Innowireless, Worldex Industry, E Investment, SV Investment, SK Telecom, Aju IB, and Nable Communications. More
Haitai Confectionery 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 Haitai Confectionery'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 Haitai Confectionery Foods upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.94 | |||
| Information Ratio | 0.1143 | |||
| Maximum Drawdown | 9.72 | |||
| Value At Risk | (2.94) | |||
| Potential Upside | 2.51 |
Haitai Confectionery Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Haitai Confectionery's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Haitai Confectionery's standard deviation. In reality, there are many statistical measures that can use Haitai Confectionery historical prices to predict the future Haitai Confectionery's volatility.| Risk Adjusted Performance | 0.0562 | |||
| Jensen Alpha | 0.0979 | |||
| Total Risk Alpha | 0.3181 | |||
| Sortino Ratio | 0.105 | |||
| Treynor Ratio | 3.28 |
Haitai Confectionery Backtested Returns
At this point, Haitai Confectionery is very steady. Haitai Confectionery holds Efficiency (Sharpe) Ratio of 0.0188, which attests that the entity had a 0.0188 % return per unit of risk over the last 3 months. We have found thirty technical indicators for Haitai Confectionery, which you can use to evaluate the volatility of the firm. Please check out Haitai Confectionery's Risk Adjusted Performance of 0.0562, market risk adjusted performance of 3.29, and Downside Deviation of 1.94 to validate if the risk estimate we provide is consistent with the expected return of 0.026%. Haitai Confectionery has a performance score of 1 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.0289, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Haitai Confectionery's returns are expected to increase less than the market. However, during the bear market, the loss of holding Haitai Confectionery is expected to be smaller as well. Haitai Confectionery right now retains a risk of 1.39%. Please check out Haitai Confectionery downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to decide if Haitai Confectionery will be following its current trending patterns.
Auto-correlation | -0.56 |
Good reverse predictability
Haitai Confectionery Foods has good reverse predictability. Overlapping area represents the amount of predictability between Haitai Confectionery 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 Haitai Confectionery price movement. The serial correlation of -0.56 indicates that roughly 56.0% of current Haitai Confectionery price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.56 | |
| Spearman Rank Test | -0.77 | |
| Residual Average | 0.0 | |
| Price Variance | 35.3 K |
Haitai Confectionery lagged returns against current returns
Autocorrelation, which is Haitai Confectionery 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 Haitai Confectionery's stock expected returns. We can calculate the autocorrelation of Haitai Confectionery returns to help us make a trade decision. For example, suppose you find that Haitai Confectionery 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 |
Haitai Confectionery 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 Haitai Confectionery stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Haitai Confectionery stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Haitai Confectionery stock over time.
Current vs Lagged Prices |
| Timeline |
Haitai Confectionery Lagged Returns
When evaluating Haitai Confectionery's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Haitai Confectionery stock have on its future price. Haitai Confectionery 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, Haitai Confectionery autocorrelation shows the relationship between Haitai Confectionery stock current value and its past values and can show if there is a momentum factor associated with investing in Haitai Confectionery Foods.
Regressed Prices |
| Timeline |
Pair Trading with Haitai Confectionery
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 Haitai Confectionery 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 Haitai Confectionery will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Haitai Confectionery could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Haitai Confectionery 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 Haitai Confectionery - 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 Haitai Confectionery Foods to buy it.
The correlation of Haitai Confectionery 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 Haitai Confectionery moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Haitai Confectionery 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 Haitai Confectionery 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 Haitai Stock
Haitai Confectionery financial ratios help investors to determine whether Haitai 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 Haitai with respect to the benefits of owning Haitai Confectionery security.