Humax (Korea) Market Value
| 115160 Stock | KRW 1,032 42.00 4.24% |
| Symbol | Humax |
Humax '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 Humax'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 Humax.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in Humax on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding Humax Co or generate 0.0% return on investment in Humax over 30 days. Humax is related to or competes with Humax Holdings, HANA Micron, KHVATEC CoLtd, Wemade CoLtd, and Com2uS. Humax Co., Ltd. provides video gateways, set-top boxes, and broadband gateways for broadcasting companies and mobile car... More
Humax 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 Humax'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 Humax Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.41) | |||
| Maximum Drawdown | 10.5 | |||
| Value At Risk | (5.69) | |||
| Potential Upside | 2.07 |
Humax Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Humax's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Humax's standard deviation. In reality, there are many statistical measures that can use Humax historical prices to predict the future Humax's volatility.| Risk Adjusted Performance | (0.25) | |||
| Jensen Alpha | (0.86) | |||
| Total Risk Alpha | (1.23) | |||
| Treynor Ratio | (25.46) |
Humax Backtested Returns
Humax holds Efficiency (Sharpe) Ratio of -0.37, which attests that the entity had a -0.37% return per unit of risk over the last 3 months. Humax exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Humax's Market Risk Adjusted Performance of (25.45), risk adjusted performance of (0.25), and Standard Deviation of 2.38 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.0336, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Humax's returns are expected to increase less than the market. However, during the bear market, the loss of holding Humax is expected to be smaller as well. At this point, Humax has a negative expected return of -0.89%. Please make sure to check out Humax's jensen alpha, treynor ratio, and the relationship between the standard deviation and total risk alpha , to decide if Humax performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.80 |
Very good predictability
Humax Co has very good predictability. Overlapping area represents the amount of predictability between Humax time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th 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 Humax price movement. The serial correlation of 0.8 indicates that around 80.0% of current Humax price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.8 | |
| Spearman Rank Test | 0.8 | |
| Residual Average | 0.0 | |
| Price Variance | 22.9 K |
Humax lagged returns against current returns
Autocorrelation, which is Humax 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 Humax's stock expected returns. We can calculate the autocorrelation of Humax returns to help us make a trade decision. For example, suppose you find that Humax 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 |
Humax 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 Humax stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Humax stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Humax stock over time.
Current vs Lagged Prices |
| Timeline |
Humax Lagged Returns
When evaluating Humax's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Humax stock have on its future price. Humax 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, Humax autocorrelation shows the relationship between Humax stock current value and its past values and can show if there is a momentum factor associated with investing in Humax Co.
Regressed Prices |
| Timeline |
Pair Trading with Humax
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 Humax 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 Humax will appreciate offsetting losses from the drop in the long position's value.Moving together with Humax Stock
| 0.68 | 005930 | Samsung Electronics | PairCorr |
| 0.67 | 005935 | Samsung Electronics | PairCorr |
| 0.66 | 005380 | Hyundai Motor | PairCorr |
Moving against Humax Stock
The ability to find closely correlated positions to Humax could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Humax 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 Humax - 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 Humax Co to buy it.
The correlation of Humax 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 Humax moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Humax 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 Humax 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 Humax Stock
Humax financial ratios help investors to determine whether Humax 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 Humax with respect to the benefits of owning Humax security.