Hyundai Heavy (Korea) Market Value
| 329180 Stock | 217,500 9,500 4.57% |
| Symbol | Hyundai |
Hyundai Heavy '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 Heavy'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 Heavy.
| 08/19/2023 |
| 12/11/2024 |
If you would invest 0.00 in Hyundai Heavy on August 19, 2023 and sell it all today you would earn a total of 0.00 from holding Hyundai Heavy Industries or generate 0.0% return on investment in Hyundai Heavy over 480 days. Hyundai Heavy is related to or competes with Daewoo Shipbuilding, HJ ShipBuilding, Busan Industrial, UNISEM, Finebesteel, and Shinhan Inverse. More
Hyundai Heavy 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 Heavy'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 Heavy Industries upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.09 | |||
| Information Ratio | 0.0498 | |||
| Maximum Drawdown | 20.71 | |||
| Value At Risk | (4.60) | |||
| Potential Upside | 5.47 |
Hyundai Heavy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hyundai Heavy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hyundai Heavy's standard deviation. In reality, there are many statistical measures that can use Hyundai Heavy historical prices to predict the future Hyundai Heavy's volatility.| Risk Adjusted Performance | 0.0691 | |||
| Jensen Alpha | 0.0227 | |||
| Total Risk Alpha | (0.27) | |||
| Sortino Ratio | 0.0576 | |||
| Treynor Ratio | 0.1241 |
Hyundai Heavy Industries Backtested Returns
Hyundai Heavy appears to be very steady, given 3 months investment horizon. Hyundai Heavy Industries holds Efficiency (Sharpe) Ratio of 0.11, which attests that the entity had a 0.11% return per unit of risk over the last 3 months. We have found thirty technical indicators for Hyundai Heavy Industries, which you can use to evaluate the volatility of the firm. Please utilize Hyundai Heavy's Market Risk Adjusted Performance of 0.1341, risk adjusted performance of 0.0691, and Downside Deviation of 3.09 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Hyundai Heavy holds a performance score of 8. The company retains a Market Volatility (i.e., Beta) of 2.36, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Hyundai Heavy will likely underperform. Please check Hyundai Heavy's total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether Hyundai Heavy's current trending patterns will revert.
Auto-correlation | 0.07 |
Virtually no predictability
Hyundai Heavy Industries has virtually no predictability. Overlapping area represents the amount of predictability between Hyundai Heavy time series from 19th of August 2023 to 15th of April 2024 and 15th of April 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 Hyundai Heavy Industries price movement. The serial correlation of 0.07 indicates that barely 7.0% of current Hyundai Heavy price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.07 | |
| Spearman Rank Test | -0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 1.1 B |
Hyundai Heavy Industries lagged returns against current returns
Autocorrelation, which is Hyundai Heavy 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 Heavy's stock expected returns. We can calculate the autocorrelation of Hyundai Heavy returns to help us make a trade decision. For example, suppose you find that Hyundai Heavy 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 Heavy 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 Heavy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hyundai Heavy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hyundai Heavy stock over time.
Current vs Lagged Prices |
| Timeline |
Hyundai Heavy Lagged Returns
When evaluating Hyundai Heavy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hyundai Heavy stock have on its future price. Hyundai Heavy 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 Heavy autocorrelation shows the relationship between Hyundai Heavy stock current value and its past values and can show if there is a momentum factor associated with investing in Hyundai Heavy Industries.
Regressed Prices |
| Timeline |
Pair Trading with Hyundai Heavy
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 Heavy 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 Heavy will appreciate offsetting losses from the drop in the long position's value.Moving together with Hyundai Stock
Moving against Hyundai Stock
The ability to find closely correlated positions to Hyundai Heavy 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 Heavy 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 Heavy - 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 Heavy Industries to buy it.
The correlation of Hyundai Heavy 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 Heavy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hyundai Heavy Industries 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 Heavy 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 Hyundai Stock
Hyundai Heavy financial ratios help investors to determine whether Hyundai 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 Hyundai with respect to the benefits of owning Hyundai Heavy security.