Hyosung Advanced (Korea) Market Value
| 298050 Stock | 184,500 5,000 2.64% |
| Symbol | Hyosung |
Hyosung Advanced '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 Hyosung Advanced'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 Hyosung Advanced.
| 11/22/2024 |
| 12/22/2024 |
If you would invest 0.00 in Hyosung Advanced on November 22, 2024 and sell it all today you would earn a total of 0.00 from holding Hyosung Advanced Materials or generate 0.0% return on investment in Hyosung Advanced over 30 days. Hyosung Advanced is related to or competes with BGF Retail, Shinsegae Information, Iljin Display, Digital Power, PlayD Co, PLAYWITH, and Echomarketing CoLtd. More
Hyosung Advanced 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 Hyosung Advanced'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 Hyosung Advanced Materials upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 14.93 | |||
| Value At Risk | (5.40) | |||
| Potential Upside | 5.13 |
Hyosung Advanced Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hyosung Advanced's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hyosung Advanced's standard deviation. In reality, there are many statistical measures that can use Hyosung Advanced historical prices to predict the future Hyosung Advanced's volatility.| Risk Adjusted Performance | (0.13) | |||
| Jensen Alpha | (0.55) | |||
| Total Risk Alpha | (0.65) | |||
| Treynor Ratio | 1.22 |
Hyosung Advanced Mat Backtested Returns
Hyosung Advanced Mat holds Efficiency (Sharpe) Ratio of -0.16, which attests that the entity had a -0.16% return per unit of risk over the last 3 months. Hyosung Advanced Mat exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hyosung Advanced's Risk Adjusted Performance of (0.13), standard deviation of 3.16, and Market Risk Adjusted Performance of 1.23 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.46, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Hyosung Advanced are expected to decrease at a much lower rate. During the bear market, Hyosung Advanced is likely to outperform the market. At this point, Hyosung Advanced Mat has a negative expected return of -0.52%. Please make sure to check out Hyosung Advanced's total risk alpha, maximum drawdown, and the relationship between the jensen alpha and treynor ratio , to decide if Hyosung Advanced Mat performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.04 |
Very weak reverse predictability
Hyosung Advanced Materials has very weak reverse predictability. Overlapping area represents the amount of predictability between Hyosung Advanced time series from 22nd of November 2024 to 7th of December 2024 and 7th of December 2024 to 22nd 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 Hyosung Advanced Mat price movement. The serial correlation of -0.04 indicates that only as little as 4.0% of current Hyosung Advanced price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.04 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 40.1 M |
Hyosung Advanced Mat lagged returns against current returns
Autocorrelation, which is Hyosung Advanced 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 Hyosung Advanced's stock expected returns. We can calculate the autocorrelation of Hyosung Advanced returns to help us make a trade decision. For example, suppose you find that Hyosung Advanced 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 |
Hyosung Advanced 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 Hyosung Advanced stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hyosung Advanced stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hyosung Advanced stock over time.
Current vs Lagged Prices |
| Timeline |
Hyosung Advanced Lagged Returns
When evaluating Hyosung Advanced's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hyosung Advanced stock have on its future price. Hyosung Advanced 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, Hyosung Advanced autocorrelation shows the relationship between Hyosung Advanced stock current value and its past values and can show if there is a momentum factor associated with investing in Hyosung Advanced Materials.
Regressed Prices |
| Timeline |
Pair Trading with Hyosung Advanced
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 Hyosung Advanced 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 Hyosung Advanced will appreciate offsetting losses from the drop in the long position's value.Moving together with Hyosung Stock
Moving against Hyosung Stock
| 0.9 | 122870 | YG Entertainment | PairCorr |
| 0.85 | 041510 | SM Entertainment | PairCorr |
| 0.79 | 034950 | Korea Ratings | PairCorr |
| 0.78 | 003490 | Korean Air Lines | PairCorr |
| 0.76 | 014940 | Oriental Precision | PairCorr |
The ability to find closely correlated positions to Hyosung Advanced could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hyosung Advanced 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 Hyosung Advanced - 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 Hyosung Advanced Materials to buy it.
The correlation of Hyosung Advanced 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 Hyosung Advanced moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hyosung Advanced Mat 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 Hyosung Advanced 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 Hyosung Stock
Hyosung Advanced financial ratios help investors to determine whether Hyosung 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 Hyosung with respect to the benefits of owning Hyosung Advanced security.