Dongsin Engineering (Korea) Market Value
| 025950 Stock | KRW 18,800 100.00 0.53% |
| Symbol | Dongsin |
Dongsin Engineering '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 Dongsin Engineering'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 Dongsin Engineering.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Dongsin Engineering on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Dongsin Engineering Construction or generate 0.0% return on investment in Dongsin Engineering over 30 days. Dongsin Engineering is related to or competes with Busan Industrial, Finebesteel, Shinhan Inverse, Hyundai Heavy, and Hanwha Aerospace. Dongsin Engineering Construction Co., Ltd More
Dongsin Engineering 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 Dongsin Engineering'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 Dongsin Engineering Construction upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.61 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 36.8 | |||
| Value At Risk | (5.29) | |||
| Potential Upside | 4.68 |
Dongsin Engineering Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dongsin Engineering's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dongsin Engineering's standard deviation. In reality, there are many statistical measures that can use Dongsin Engineering historical prices to predict the future Dongsin Engineering's volatility.| Risk Adjusted Performance | 0.0182 | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.82) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.0346 |
Dongsin Engineering Backtested Returns
At this point, Dongsin Engineering is very steady. Dongsin Engineering secures Sharpe Ratio (or Efficiency) of 0.0236, which denotes the company had a 0.0236% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Dongsin Engineering Construction, which you can use to evaluate the volatility of the firm. Please confirm Dongsin Engineering's Mean Deviation of 3.09, coefficient of variation of 8041.81, and Downside Deviation of 5.61 to check if the risk estimate we provide is consistent with the expected return of 0.15%. Dongsin Engineering has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 1.81, which means 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, Dongsin Engineering will likely underperform. Dongsin Engineering right now shows a risk of 6.22%. Please confirm Dongsin Engineering coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to decide if Dongsin Engineering will be following its price patterns.
Auto-correlation | -0.44 |
Modest reverse predictability
Dongsin Engineering Construction has modest reverse predictability. Overlapping area represents the amount of predictability between Dongsin Engineering time series from 30th of October 2024 to 14th of November 2024 and 14th of November 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 Dongsin Engineering price movement. The serial correlation of -0.44 indicates that just about 44.0% of current Dongsin Engineering price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.44 | |
| Spearman Rank Test | -0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 7.2 M |
Dongsin Engineering lagged returns against current returns
Autocorrelation, which is Dongsin Engineering 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 Dongsin Engineering's stock expected returns. We can calculate the autocorrelation of Dongsin Engineering returns to help us make a trade decision. For example, suppose you find that Dongsin Engineering 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 |
Dongsin Engineering 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 Dongsin Engineering stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dongsin Engineering stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dongsin Engineering stock over time.
Current vs Lagged Prices |
| Timeline |
Dongsin Engineering Lagged Returns
When evaluating Dongsin Engineering's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dongsin Engineering stock have on its future price. Dongsin Engineering 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, Dongsin Engineering autocorrelation shows the relationship between Dongsin Engineering stock current value and its past values and can show if there is a momentum factor associated with investing in Dongsin Engineering Construction.
Regressed Prices |
| Timeline |
Pair Trading with Dongsin Engineering
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 Dongsin Engineering 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 Dongsin Engineering will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Dongsin Engineering could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dongsin Engineering 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 Dongsin Engineering - 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 Dongsin Engineering Construction to buy it.
The correlation of Dongsin Engineering 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 Dongsin Engineering moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dongsin Engineering 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 Dongsin Engineering 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 Dongsin Stock
Dongsin Engineering financial ratios help investors to determine whether Dongsin 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 Dongsin with respect to the benefits of owning Dongsin Engineering security.