HMCIB SPAC (Korea) Market Value
| 226340 Stock | KRW 1,374 25.00 1.85% |
| Symbol | HMCIB |
HMCIB SPAC '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 HMCIB SPAC'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 HMCIB SPAC.
| 11/14/2024 |
| 12/14/2024 |
If you would invest 0.00 in HMCIB SPAC on November 14, 2024 and sell it all today you would earn a total of 0.00 from holding HMCIB SPAC 3 or generate 0.0% return on investment in HMCIB SPAC over 30 days. HMCIB SPAC is related to or competes with NOVAREX CoLtd, Busan Industrial, UNISEM, Finebesteel, and Shinhan Inverse. Bonne Co., Ltd. develops and supplies cosmetics in South Korea More
HMCIB SPAC 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 HMCIB SPAC'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 HMCIB SPAC 3 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 13.6 | |||
| Value At Risk | (6.01) | |||
| Potential Upside | 4.43 |
HMCIB SPAC Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for HMCIB SPAC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HMCIB SPAC's standard deviation. In reality, there are many statistical measures that can use HMCIB SPAC historical prices to predict the future HMCIB SPAC's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.41) | |||
| Total Risk Alpha | (0.78) | |||
| Treynor Ratio | (1.62) |
HMCIB SPAC 3 Backtested Returns
HMCIB SPAC 3 retains Efficiency (Sharpe Ratio) of -0.14, which attests that the entity had a -0.14% return per unit of return volatility over the last 3 months. HMCIB SPAC exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out HMCIB SPAC's Standard Deviation of 3.13, coefficient of variation of (826.85), and Market Risk Adjusted Performance of (1.61) to validate the risk estimate we provide. The company owns a Beta (Systematic Risk) of 0.24, which attests to not very significant fluctuations relative to the market. As returns on the market increase, HMCIB SPAC's returns are expected to increase less than the market. However, during the bear market, the loss of holding HMCIB SPAC is expected to be smaller as well. At this point, HMCIB SPAC 3 has a negative expected return of -0.43%. Please make sure to check out HMCIB SPAC's mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if HMCIB SPAC 3 performance from the past will be repeated in the future.
Auto-correlation | 0.25 |
Poor predictability
HMCIB SPAC 3 has poor predictability. Overlapping area represents the amount of predictability between HMCIB SPAC time series from 14th of November 2024 to 29th of November 2024 and 29th of November 2024 to 14th 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 HMCIB SPAC 3 price movement. The serial correlation of 0.25 indicates that over 25.0% of current HMCIB SPAC price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.25 | |
| Spearman Rank Test | 0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 4540.74 |
HMCIB SPAC 3 lagged returns against current returns
Autocorrelation, which is HMCIB SPAC 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 HMCIB SPAC's stock expected returns. We can calculate the autocorrelation of HMCIB SPAC returns to help us make a trade decision. For example, suppose you find that HMCIB SPAC 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 |
HMCIB SPAC 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 HMCIB SPAC stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HMCIB SPAC stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HMCIB SPAC stock over time.
Current vs Lagged Prices |
| Timeline |
HMCIB SPAC Lagged Returns
When evaluating HMCIB SPAC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HMCIB SPAC stock have on its future price. HMCIB SPAC 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, HMCIB SPAC autocorrelation shows the relationship between HMCIB SPAC stock current value and its past values and can show if there is a momentum factor associated with investing in HMCIB SPAC 3.
Regressed Prices |
| Timeline |
Pair Trading with HMCIB SPAC
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 HMCIB SPAC 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 HMCIB SPAC will appreciate offsetting losses from the drop in the long position's value.Moving together with HMCIB Stock
| 0.76 | 214260 | Raphas Co | PairCorr |
| 0.85 | 194700 | NOVAREX CoLtd | PairCorr |
| 0.84 | 293780 | AptaBio Therapeutics | PairCorr |
| 0.68 | 215480 | Daewoo SBI SPAC | PairCorr |
The ability to find closely correlated positions to HMCIB SPAC could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace HMCIB SPAC 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 HMCIB SPAC - 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 HMCIB SPAC 3 to buy it.
The correlation of HMCIB SPAC 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 HMCIB SPAC moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if HMCIB SPAC 3 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 HMCIB SPAC 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 HMCIB Stock
HMCIB SPAC financial ratios help investors to determine whether HMCIB 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 HMCIB with respect to the benefits of owning HMCIB SPAC security.