Hwashin Precision (Korea) Market Value
| 126640 Stock | KRW 1,463 2.00 0.14% |
| Symbol | Hwashin |
Hwashin Precision '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 Hwashin Precision'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 Hwashin Precision.
| 03/13/2024 |
| 06/11/2024 |
If you would invest 0.00 in Hwashin Precision on March 13, 2024 and sell it all today you would earn a total of 0.00 from holding Hwashin Precision Engineering or generate 0.0% return on investment in Hwashin Precision over 90 days. Hwashin Precision is related to or competes with Busan Industrial, Finebesteel, Shinhan Inverse, Fine Besteel, Hana Technology, CLIO Cosmetics, and Lotte Chilsung. Hwashin Precision Engineering Co., Ltd. manufactures and supplies automobile chassis and body components. More
Hwashin Precision 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 Hwashin Precision'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 Hwashin Precision Engineering upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 3.05 | |||
| Value At Risk | (1.20) | |||
| Potential Upside | 0.7534 |
Hwashin Precision Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hwashin Precision's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hwashin Precision's standard deviation. In reality, there are many statistical measures that can use Hwashin Precision historical prices to predict the future Hwashin Precision's volatility.| Risk Adjusted Performance | (0.13) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.14) | |||
| Treynor Ratio | (14.90) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Hwashin Precision's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hwashin Precision Backtested Returns
Hwashin Precision holds Efficiency (Sharpe) Ratio of -0.17, which attests that the entity had a -0.17% return per unit of standard deviation over the last 3 months. Hwashin Precision exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hwashin Precision's market risk adjusted performance of (14.89), and Risk Adjusted Performance of (0.13) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.0097, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Hwashin Precision's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hwashin Precision is expected to be smaller as well. At this point, Hwashin Precision has a negative expected return of -0.11%. Please make sure to check out Hwashin Precision's coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if Hwashin Precision performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.62 |
Good predictability
Hwashin Precision Engineering has good predictability. Overlapping area represents the amount of predictability between Hwashin Precision time series from 13th of March 2024 to 27th of April 2024 and 27th of April 2024 to 11th of June 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 Hwashin Precision price movement. The serial correlation of 0.62 indicates that roughly 62.0% of current Hwashin Precision price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.62 | |
| Spearman Rank Test | 0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 224.57 |
Hwashin Precision lagged returns against current returns
Autocorrelation, which is Hwashin Precision 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 Hwashin Precision's stock expected returns. We can calculate the autocorrelation of Hwashin Precision returns to help us make a trade decision. For example, suppose you find that Hwashin Precision 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 |
Hwashin Precision 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 Hwashin Precision stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hwashin Precision stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hwashin Precision stock over time.
Current vs Lagged Prices |
| Timeline |
Hwashin Precision Lagged Returns
When evaluating Hwashin Precision's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hwashin Precision stock have on its future price. Hwashin Precision 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, Hwashin Precision autocorrelation shows the relationship between Hwashin Precision stock current value and its past values and can show if there is a momentum factor associated with investing in Hwashin Precision Engineering.
Regressed Prices |
| Timeline |
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Hwashin Precision financial ratios help investors to determine whether Hwashin 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 Hwashin with respect to the benefits of owning Hwashin Precision security.