Daewoo Electronic (Korea) Market Value
| 009320 Stock | 1,017 7.00 0.69% |
| Symbol | Daewoo |
Daewoo Electronic '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 Daewoo Electronic'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 Daewoo Electronic.
| 11/05/2024 |
| 01/04/2025 |
If you would invest 0.00 in Daewoo Electronic on November 5, 2024 and sell it all today you would earn a total of 0.00 from holding Daewoo Electronic Components or generate 0.0% return on investment in Daewoo Electronic over 60 days.
Daewoo Electronic 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 Daewoo Electronic'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 Daewoo Electronic Components upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 27.47 | |||
| Value At Risk | (3.24) | |||
| Potential Upside | 5.74 |
Daewoo Electronic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Daewoo Electronic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Daewoo Electronic's standard deviation. In reality, there are many statistical measures that can use Daewoo Electronic historical prices to predict the future Daewoo Electronic's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.14) | |||
| Treynor Ratio | 0.2676 |
Daewoo Electronic Backtested Returns
Daewoo Electronic secures Sharpe Ratio (or Efficiency) of -0.0185, which denotes the company had a -0.0185% return per unit of standard deviation over the last 3 months. Daewoo Electronic Components exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Daewoo Electronic's Mean Deviation of 1.48, standard deviation of 3.17, and Coefficient Of Variation of (4,070) to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.33, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Daewoo Electronic are expected to decrease at a much lower rate. During the bear market, Daewoo Electronic is likely to outperform the market. At this point, Daewoo Electronic has a negative expected return of -0.0607%. Please make sure to confirm Daewoo Electronic's mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Daewoo Electronic performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.52 |
Good reverse predictability
Daewoo Electronic Components has good reverse predictability. Overlapping area represents the amount of predictability between Daewoo Electronic 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 Daewoo Electronic price movement. The serial correlation of -0.52 indicates that about 52.0% of current Daewoo Electronic price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.52 | |
| Spearman Rank Test | -0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 712.24 |
Daewoo Electronic lagged returns against current returns
Autocorrelation, which is Daewoo Electronic 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 Daewoo Electronic's stock expected returns. We can calculate the autocorrelation of Daewoo Electronic returns to help us make a trade decision. For example, suppose you find that Daewoo Electronic 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 |
Daewoo Electronic 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 Daewoo Electronic stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Daewoo Electronic stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Daewoo Electronic stock over time.
Current vs Lagged Prices |
| Timeline |
Daewoo Electronic Lagged Returns
When evaluating Daewoo Electronic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Daewoo Electronic stock have on its future price. Daewoo Electronic 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, Daewoo Electronic autocorrelation shows the relationship between Daewoo Electronic stock current value and its past values and can show if there is a momentum factor associated with investing in Daewoo Electronic Components.
Regressed Prices |
| Timeline |
Pair Trading with Daewoo Electronic
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 Daewoo Electronic 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 Daewoo Electronic will appreciate offsetting losses from the drop in the long position's value.Moving together with Daewoo Stock
The ability to find closely correlated positions to Daewoo Electronic could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Daewoo Electronic 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 Daewoo Electronic - 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 Daewoo Electronic Components to buy it.
The correlation of Daewoo Electronic 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 Daewoo Electronic moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Daewoo Electronic 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 Daewoo Electronic 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.