Helixmith (Korea) Market Value
| 084990 Stock | KRW 4,390 40.00 0.90% |
| Symbol | Helixmith |
Helixmith '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 Helixmith'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 Helixmith.
| 04/06/2024 |
| 05/06/2024 |
If you would invest 0.00 in Helixmith on April 6, 2024 and sell it all today you would earn a total of 0.00 from holding Helixmith Co or generate 0.0% return on investment in Helixmith over 30 days. Helixmith is related to or competes with MS Autotech, Mobase Electronics, FarmStory, N Citron, and Seojin Automotive. Helixmith Co., Ltd, a biotechnology company, discovers and develops biopharmaceuticals for human diseases More
Helixmith 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 Helixmith'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 Helixmith Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.57 | |||
| Information Ratio | 0.0719 | |||
| Maximum Drawdown | 38.01 | |||
| Value At Risk | (5.75) | |||
| Potential Upside | 8.5 |
Helixmith Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Helixmith's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Helixmith's standard deviation. In reality, there are many statistical measures that can use Helixmith historical prices to predict the future Helixmith's volatility.| Risk Adjusted Performance | 0.0624 | |||
| Jensen Alpha | 0.4215 | |||
| Total Risk Alpha | (0.17) | |||
| Sortino Ratio | 0.1251 | |||
| Treynor Ratio | 0.379 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Helixmith'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.
Helixmith Backtested Returns
Helixmith holds Efficiency (Sharpe) Ratio of -0.12, which attests that the entity had a -0.12% return per unit of risk over the last 3 months. Helixmith exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Helixmith's Market Risk Adjusted Performance of 0.389, downside deviation of 3.57, and Risk Adjusted Performance of 0.0624 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 1.36, 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, Helixmith will likely underperform. Helixmith has an expected return of -0.42%. Please make sure to check out Helixmith semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and standard deviation , to decide if Helixmith performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.03 |
Very weak reverse predictability
Helixmith Co has very weak reverse predictability. Overlapping area represents the amount of predictability between Helixmith time series from 6th of April 2024 to 21st of April 2024 and 21st of April 2024 to 6th of May 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 Helixmith price movement. The serial correlation of -0.03 indicates that only 3.0% of current Helixmith price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.03 | |
| Spearman Rank Test | -0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 15.3 K |
Helixmith lagged returns against current returns
Autocorrelation, which is Helixmith 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 Helixmith's stock expected returns. We can calculate the autocorrelation of Helixmith returns to help us make a trade decision. For example, suppose you find that Helixmith 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 |
Helixmith 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 Helixmith stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Helixmith stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Helixmith stock over time.
Current vs Lagged Prices |
| Timeline |
Helixmith Lagged Returns
When evaluating Helixmith's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Helixmith stock have on its future price. Helixmith 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, Helixmith autocorrelation shows the relationship between Helixmith stock current value and its past values and can show if there is a momentum factor associated with investing in Helixmith Co.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Check out Helixmith Correlation, Helixmith Volatility and Helixmith Alpha and Beta module to complement your research on Helixmith. Note that the Helixmith information on this page should be used as a complementary analysis to other Helixmith's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
Complementary Tools for Helixmith Stock analysis
When running Helixmith's price analysis, check to measure Helixmith's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Helixmith is operating at the current time. Most of Helixmith's value examination focuses on studying past and present price action to predict the probability of Helixmith's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Helixmith's price. Additionally, you may evaluate how the addition of Helixmith to your portfolios can decrease your overall portfolio volatility.
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Helixmith technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.