Hyosung Heavy (Korea) Market Value
| 298040 Stock | 403,500 7,000 1.77% |
| Symbol | Hyosung |
Hyosung 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 Hyosung 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 Hyosung Heavy.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Hyosung Heavy on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Hyosung Heavy Industries or generate 0.0% return on investment in Hyosung Heavy over 30 days. Hyosung Heavy is related to or competes with LG Energy, Doosan Heavy, Aprogen KIC, and SNTEnergy. More
Hyosung 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 Hyosung 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 Hyosung Heavy Industries upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.51 | |||
| Information Ratio | 0.0501 | |||
| Maximum Drawdown | 19.08 | |||
| Value At Risk | (5.59) | |||
| Potential Upside | 6.83 |
Hyosung Heavy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hyosung Heavy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hyosung Heavy's standard deviation. In reality, there are many statistical measures that can use Hyosung Heavy historical prices to predict the future Hyosung Heavy's volatility.| Risk Adjusted Performance | 0.074 | |||
| Jensen Alpha | 0.2716 | |||
| Total Risk Alpha | (0.32) | |||
| Sortino Ratio | 0.0542 | |||
| Treynor Ratio | 0.882 |
Hyosung Heavy Industries Backtested Returns
Hyosung Heavy appears to be very steady, given 3 months investment horizon. Hyosung Heavy Industries holds Efficiency (Sharpe) Ratio of 0.18, which attests that the entity had a 0.18% return per unit of risk over the last 3 months. By evaluating Hyosung Heavy's technical indicators, you can evaluate if the expected return of 0.65% is justified by implied risk. Please utilize Hyosung Heavy's Downside Deviation of 3.51, market risk adjusted performance of 0.892, and Risk Adjusted Performance of 0.074 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Hyosung Heavy holds a performance score of 13. The company retains a Market Volatility (i.e., Beta) of 0.36, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Hyosung Heavy's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hyosung Heavy is expected to be smaller as well. Please check Hyosung Heavy's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Hyosung Heavy's current trending patterns will revert.
Auto-correlation | -0.74 |
Almost perfect reverse predictability
Hyosung Heavy Industries has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Hyosung Heavy time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th of November 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 Heavy Industries price movement. The serial correlation of -0.74 indicates that around 74.0% of current Hyosung Heavy price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.74 | |
| Spearman Rank Test | -0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 668.3 M |
Hyosung Heavy Industries lagged returns against current returns
Autocorrelation, which is Hyosung 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 Hyosung Heavy's stock expected returns. We can calculate the autocorrelation of Hyosung Heavy returns to help us make a trade decision. For example, suppose you find that Hyosung 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 |
Hyosung 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 Hyosung Heavy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hyosung Heavy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hyosung Heavy stock over time.
Current vs Lagged Prices |
| Timeline |
Hyosung Heavy Lagged Returns
When evaluating Hyosung Heavy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hyosung Heavy stock have on its future price. Hyosung 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, Hyosung Heavy autocorrelation shows the relationship between Hyosung Heavy stock current value and its past values and can show if there is a momentum factor associated with investing in Hyosung Heavy Industries.
Regressed Prices |
| Timeline |
Pair Trading with Hyosung 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 Hyosung 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 Hyosung Heavy will appreciate offsetting losses from the drop in the long position's value.Moving together with Hyosung Stock
Moving against Hyosung Stock
| 0.77 | 007460 | Aprogen KIC | PairCorr |
| 0.77 | 029780 | Samsung Card | PairCorr |
| 0.7 | 293780 | AptaBio Therapeutics | PairCorr |
| 0.43 | 215600 | SillaJen | PairCorr |
The ability to find closely correlated positions to Hyosung 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 Hyosung 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 Hyosung 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 Hyosung Heavy Industries to buy it.
The correlation of Hyosung 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 Hyosung Heavy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hyosung 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 Hyosung 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 Hyosung Stock
Hyosung Heavy 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 Heavy security.