HyVision System (Korea) Market Value
| 126700 Stock | KRW 17,350 340.00 2.00% |
| Symbol | HyVision |
HyVision System '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 HyVision System'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 HyVision System.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in HyVision System on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding HyVision System or generate 0.0% return on investment in HyVision System over 90 days. HyVision System is related to or competes with Vivozon Healthcare, LG Household, Infinitt Healthcare, CKH Food, Daejung Chemicals, INFINITT Healthcare, and Duksan Hi. Inc primarily develops, supplies, and sells testers and smart components More
HyVision System 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 HyVision System'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 HyVision System upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.42 | |||
| Information Ratio | 0.0865 | |||
| Maximum Drawdown | 15.29 | |||
| Value At Risk | (3.66) | |||
| Potential Upside | 4.88 |
HyVision System Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for HyVision System's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HyVision System's standard deviation. In reality, there are many statistical measures that can use HyVision System historical prices to predict the future HyVision System's volatility.| Risk Adjusted Performance | 0.0521 | |||
| Jensen Alpha | 0.1982 | |||
| Total Risk Alpha | 0.497 | |||
| Sortino Ratio | 0.1025 | |||
| Treynor Ratio | 0.253 |
HyVision System Backtested Returns
At this point, HyVision System is very steady. HyVision System holds Efficiency (Sharpe) Ratio of 0.0241, which attests that the entity had a 0.0241 % return per unit of volatility over the last 3 months. We have found twenty-nine technical indicators for HyVision System, which you can use to evaluate the volatility of the firm. Please check out HyVision System's risk adjusted performance of 0.0521, and Market Risk Adjusted Performance of 0.263 to validate if the risk estimate we provide is consistent with the expected return of 0.0607%. HyVision System has a performance score of 1 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.55, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, HyVision System's returns are expected to increase less than the market. However, during the bear market, the loss of holding HyVision System is expected to be smaller as well. HyVision System right now retains a risk of 2.52%. Please check out HyVision System standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to decide if HyVision System will be following its current trending patterns.
Auto-correlation | 0.55 |
Modest predictability
HyVision System has modest predictability. Overlapping area represents the amount of predictability between HyVision System time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th 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 HyVision System price movement. The serial correlation of 0.55 indicates that about 55.0% of current HyVision System price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.55 | |
| Spearman Rank Test | -0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 1.8 M |
HyVision System lagged returns against current returns
Autocorrelation, which is HyVision System 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 HyVision System's stock expected returns. We can calculate the autocorrelation of HyVision System returns to help us make a trade decision. For example, suppose you find that HyVision System 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 |
HyVision System 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 HyVision System stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HyVision System stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HyVision System stock over time.
Current vs Lagged Prices |
| Timeline |
HyVision System Lagged Returns
When evaluating HyVision System's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HyVision System stock have on its future price. HyVision System 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, HyVision System autocorrelation shows the relationship between HyVision System stock current value and its past values and can show if there is a momentum factor associated with investing in HyVision System.
Regressed Prices |
| Timeline |
Pair Trading with HyVision System
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 HyVision System 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 HyVision System will appreciate offsetting losses from the drop in the long position's value.Moving against HyVision Stock
| 0.43 | 105560 | KB Financial Group | PairCorr |
| 0.41 | 055550 | Shinhan Financial | PairCorr |
| 0.31 | 005380 | Hyundai Motor | PairCorr |
The ability to find closely correlated positions to HyVision System could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace HyVision System 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 HyVision System - 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 HyVision System to buy it.
The correlation of HyVision System 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 HyVision System moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if HyVision System 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 HyVision System 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 HyVision Stock
HyVision System financial ratios help investors to determine whether HyVision 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 HyVision with respect to the benefits of owning HyVision System security.