DongWon Development (Korea) Market Value
| 013120 Stock | KRW 2,460 55.00 2.29% |
| Symbol | DongWon |
DongWon Development '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 DongWon Development'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 DongWon Development.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in DongWon Development on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding DongWon Development CoLtd or generate 0.0% return on investment in DongWon Development over 30 days. DongWon Development is related to or competes with Busan Industrial, UNISEM, Finebesteel, Shinhan Inverse, Fine Besteel, Hyundai Heavy, and Hanwha Aerospace. The company constructs apartments, schools, buildings, roads, bridges, tunnels, subways, railways, and industrial comple... More
DongWon Development 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 DongWon Development'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 DongWon Development CoLtd upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.23) | |||
| Maximum Drawdown | 5.49 | |||
| Value At Risk | (2.11) | |||
| Potential Upside | 1.97 |
DongWon Development Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for DongWon Development's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as DongWon Development's standard deviation. In reality, there are many statistical measures that can use DongWon Development historical prices to predict the future DongWon Development's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.31) | |||
| Treynor Ratio | 7.43 |
DongWon Development CoLtd Backtested Returns
DongWon Development CoLtd secures Sharpe Ratio (or Efficiency) of -0.11, which denotes the company had a -0.11% return per unit of risk over the last 3 months. DongWon Development CoLtd exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm DongWon Development's Mean Deviation of 0.789, variance of 1.26, and Standard Deviation of 1.12 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0206, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning DongWon Development are expected to decrease at a much lower rate. During the bear market, DongWon Development is likely to outperform the market. At this point, DongWon Development CoLtd has a negative expected return of -0.12%. Please make sure to confirm DongWon Development's coefficient of variation, jensen alpha, treynor ratio, as well as the relationship between the standard deviation and total risk alpha , to decide if DongWon Development CoLtd performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.82 |
Excellent reverse predictability
DongWon Development CoLtd has excellent reverse predictability. Overlapping area represents the amount of predictability between DongWon Development time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th 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 DongWon Development CoLtd price movement. The serial correlation of -0.82 indicates that around 82.0% of current DongWon Development price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.82 | |
| Spearman Rank Test | -0.79 | |
| Residual Average | 0.0 | |
| Price Variance | 2406.08 |
DongWon Development CoLtd lagged returns against current returns
Autocorrelation, which is DongWon Development 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 DongWon Development's stock expected returns. We can calculate the autocorrelation of DongWon Development returns to help us make a trade decision. For example, suppose you find that DongWon Development 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 |
DongWon Development 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 DongWon Development stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if DongWon Development stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in DongWon Development stock over time.
Current vs Lagged Prices |
| Timeline |
DongWon Development Lagged Returns
When evaluating DongWon Development's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of DongWon Development stock have on its future price. DongWon Development 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, DongWon Development autocorrelation shows the relationship between DongWon Development stock current value and its past values and can show if there is a momentum factor associated with investing in DongWon Development CoLtd.
Regressed Prices |
| Timeline |
Pair Trading with DongWon Development
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 DongWon Development 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 DongWon Development will appreciate offsetting losses from the drop in the long position's value.Moving together with DongWon Stock
Moving against DongWon Stock
The ability to find closely correlated positions to DongWon Development could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace DongWon Development 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 DongWon Development - 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 DongWon Development CoLtd to buy it.
The correlation of DongWon Development 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 DongWon Development moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if DongWon Development CoLtd 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 DongWon Development 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 DongWon Stock
DongWon Development financial ratios help investors to determine whether DongWon 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 DongWon with respect to the benefits of owning DongWon Development security.