Daesung Private (Korea) Market Value
| 027830 Stock | KRW 1,832 12.00 0.66% |
| Symbol | Daesung |
Daesung Private '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 Daesung Private'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 Daesung Private.
| 11/19/2023 |
| 12/13/2024 |
If you would invest 0.00 in Daesung Private on November 19, 2023 and sell it all today you would earn a total of 0.00 from holding Daesung Private Equity or generate 0.0% return on investment in Daesung Private over 390 days. Daesung Private is related to or competes with KB Financial, Shinhan Financial, Hana Financial, Woori Financial, Samsung Electronics, Samsung Electronics, and Industrial Bank. Daesung Private Equity, Inc. is a private equity and venture capital firm specializing in incubation and start-up to gro... More
Daesung Private 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 Daesung Private'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 Daesung Private Equity upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.49 | |||
| Information Ratio | 0.0581 | |||
| Maximum Drawdown | 11.99 | |||
| Value At Risk | (3.64) | |||
| Potential Upside | 4.2 |
Daesung Private Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Daesung Private's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Daesung Private's standard deviation. In reality, there are many statistical measures that can use Daesung Private historical prices to predict the future Daesung Private's volatility.| Risk Adjusted Performance | 0.0691 | |||
| Jensen Alpha | 0.3382 | |||
| Total Risk Alpha | (0.26) | |||
| Sortino Ratio | 0.1017 | |||
| Treynor Ratio | 2.14 |
Daesung Private Equity Backtested Returns
Daesung Private appears to be very steady, given 3 months investment horizon. Daesung Private Equity secures Sharpe Ratio (or Efficiency) of 0.0952, which denotes the company had a 0.0952% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Daesung Private Equity, which you can use to evaluate the volatility of the firm. Please utilize Daesung Private's Semi Deviation of 2.09, downside deviation of 2.49, and Mean Deviation of 2.12 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Daesung Private holds a performance score of 7. The firm shows a Beta (market volatility) of 0.17, which means not very significant fluctuations relative to the market. As returns on the market increase, Daesung Private's returns are expected to increase less than the market. However, during the bear market, the loss of holding Daesung Private is expected to be smaller as well. Please check Daesung Private's downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Daesung Private's price patterns will revert.
Auto-correlation | 0.42 |
Average predictability
Daesung Private Equity has average predictability. Overlapping area represents the amount of predictability between Daesung Private time series from 19th of November 2023 to 1st of June 2024 and 1st of June 2024 to 13th 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 Daesung Private Equity price movement. The serial correlation of 0.42 indicates that just about 42.0% of current Daesung Private price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.42 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 144 K |
Daesung Private Equity lagged returns against current returns
Autocorrelation, which is Daesung Private 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 Daesung Private's stock expected returns. We can calculate the autocorrelation of Daesung Private returns to help us make a trade decision. For example, suppose you find that Daesung Private 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 |
Daesung Private 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 Daesung Private stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Daesung Private stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Daesung Private stock over time.
Current vs Lagged Prices |
| Timeline |
Daesung Private Lagged Returns
When evaluating Daesung Private's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Daesung Private stock have on its future price. Daesung Private 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, Daesung Private autocorrelation shows the relationship between Daesung Private stock current value and its past values and can show if there is a momentum factor associated with investing in Daesung Private Equity.
Regressed Prices |
| Timeline |
Pair Trading with Daesung Private
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 Daesung Private 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 Daesung Private will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Daesung Private could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Daesung Private 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 Daesung Private - 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 Daesung Private Equity to buy it.
The correlation of Daesung Private 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 Daesung Private moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Daesung Private Equity 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 Daesung Private 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 Daesung Stock
Daesung Private financial ratios help investors to determine whether Daesung 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 Daesung with respect to the benefits of owning Daesung Private security.