Daishin Information (Korea) Market Value
| 020180 Stock | KRW 859.00 6.00 0.69% |
| Symbol | Daishin |
Daishin Information '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 Daishin Information'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 Daishin Information.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Daishin Information on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Daishin Information Communications or generate 0.0% return on investment in Daishin Information over 540 days. Daishin Information is related to or competes with Samyung Trading, DSC Investment, Atinum Investment, EBEST Investment, Heungkuk Metaltech, Coloray International, and Daedong Metals. Daishin Information Communications Co., Ltd. More
Daishin Information 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 Daishin Information'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 Daishin Information Communications upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 5.57 | |||
| Value At Risk | (1.89) | |||
| Potential Upside | 1.7 |
Daishin Information Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Daishin Information's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Daishin Information's standard deviation. In reality, there are many statistical measures that can use Daishin Information historical prices to predict the future Daishin Information's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.10) | |||
| Total Risk Alpha | (0.27) | |||
| Treynor Ratio | (0.71) |
Daishin Information Backtested Returns
Daishin Information secures Sharpe Ratio (or Efficiency) of -0.0454, which denotes the company had a -0.0454% return per unit of risk over the last 3 months. Daishin Information Communications exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Daishin Information's Variance of 1.51, mean deviation of 0.8618, and Standard Deviation of 1.23 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.12, which means not very significant fluctuations relative to the market. As returns on the market increase, Daishin Information's returns are expected to increase less than the market. However, during the bear market, the loss of holding Daishin Information is expected to be smaller as well. At this point, Daishin Information has a negative expected return of -0.0568%. Please make sure to confirm Daishin Information's coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if Daishin Information performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.37 |
Poor reverse predictability
Daishin Information Communications has poor reverse predictability. Overlapping area represents the amount of predictability between Daishin Information time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th 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 Daishin Information price movement. The serial correlation of -0.37 indicates that just about 37.0% of current Daishin Information price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.37 | |
| Spearman Rank Test | -0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 10.5 K |
Daishin Information lagged returns against current returns
Autocorrelation, which is Daishin Information 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 Daishin Information's stock expected returns. We can calculate the autocorrelation of Daishin Information returns to help us make a trade decision. For example, suppose you find that Daishin Information 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 |
Daishin Information 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 Daishin Information stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Daishin Information stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Daishin Information stock over time.
Current vs Lagged Prices |
| Timeline |
Daishin Information Lagged Returns
When evaluating Daishin Information's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Daishin Information stock have on its future price. Daishin Information 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, Daishin Information autocorrelation shows the relationship between Daishin Information stock current value and its past values and can show if there is a momentum factor associated with investing in Daishin Information Communications.
Regressed Prices |
| Timeline |
Pair Trading with Daishin Information
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 Daishin Information 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 Daishin Information will appreciate offsetting losses from the drop in the long position's value.Moving together with Daishin Stock
Moving against Daishin Stock
The ability to find closely correlated positions to Daishin Information could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Daishin Information 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 Daishin Information - 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 Daishin Information Communications to buy it.
The correlation of Daishin Information 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 Daishin Information moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Daishin Information 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 Daishin Information 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 Daishin Stock
Daishin Information financial ratios help investors to determine whether Daishin 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 Daishin with respect to the benefits of owning Daishin Information security.