Hyundai Autoever (Korea) Market Value
| 307950 Stock | 135,000 8,900 7.06% |
| Symbol | Hyundai |
Hyundai Autoever '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 Hyundai Autoever'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 Hyundai Autoever.
| 11/05/2024 |
| 01/04/2025 |
If you would invest 0.00 in Hyundai Autoever on November 5, 2024 and sell it all today you would earn a total of 0.00 from holding Hyundai Autoever Corp or generate 0.0% return on investment in Hyundai Autoever over 60 days.
Hyundai Autoever 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 Hyundai Autoever'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 Hyundai Autoever Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 15.34 | |||
| Value At Risk | (3.64) | |||
| Potential Upside | 5.06 |
Hyundai Autoever Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hyundai Autoever's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hyundai Autoever's standard deviation. In reality, there are many statistical measures that can use Hyundai Autoever historical prices to predict the future Hyundai Autoever's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.22) | |||
| Total Risk Alpha | (0.26) | |||
| Treynor Ratio | (0.37) |
Hyundai Autoever Corp Backtested Returns
Hyundai Autoever Corp holds Efficiency (Sharpe) Ratio of -0.0723, which attests that the entity had a -0.0723% return per unit of risk over the last 3 months. Hyundai Autoever Corp exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hyundai Autoever's Standard Deviation of 2.98, market risk adjusted performance of (0.36), and Risk Adjusted Performance of (0.05) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.58, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Hyundai Autoever's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hyundai Autoever is expected to be smaller as well. At this point, Hyundai Autoever Corp has a negative expected return of -0.22%. Please make sure to check out Hyundai Autoever's total risk alpha, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to decide if Hyundai Autoever Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.00 |
No correlation between past and present
Hyundai Autoever Corp has no correlation between past and present. Overlapping area represents the amount of predictability between Hyundai Autoever time series from 5th of November 2024 to 5th of December 2024 and 5th of December 2024 to 4th of January 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 Hyundai Autoever Corp price movement. The serial correlation of 0.0 indicates that just 0.0% of current Hyundai Autoever price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | -0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 10.8 M |
Hyundai Autoever Corp lagged returns against current returns
Autocorrelation, which is Hyundai Autoever 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 Hyundai Autoever's stock expected returns. We can calculate the autocorrelation of Hyundai Autoever returns to help us make a trade decision. For example, suppose you find that Hyundai Autoever 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 |
Hyundai Autoever 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 Hyundai Autoever stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hyundai Autoever stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hyundai Autoever stock over time.
Current vs Lagged Prices |
| Timeline |
Hyundai Autoever Lagged Returns
When evaluating Hyundai Autoever's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hyundai Autoever stock have on its future price. Hyundai Autoever 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, Hyundai Autoever autocorrelation shows the relationship between Hyundai Autoever stock current value and its past values and can show if there is a momentum factor associated with investing in Hyundai Autoever Corp.
Regressed Prices |
| Timeline |
Pair Trading with Hyundai Autoever
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 Hyundai Autoever 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 Hyundai Autoever will appreciate offsetting losses from the drop in the long position's value.Moving together with Hyundai Stock
The ability to find closely correlated positions to Hyundai Autoever could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hyundai Autoever 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 Hyundai Autoever - 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 Hyundai Autoever Corp to buy it.
The correlation of Hyundai Autoever 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 Hyundai Autoever moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hyundai Autoever Corp 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 Hyundai Autoever 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.