Daou Data (Korea) Market Value
| 032190 Stock | KRW 10,810 120.00 1.10% |
| Symbol | Daou |
Daou Data '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 Daou Data'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 Daou Data.
| 06/05/2024 |
| 12/02/2024 |
If you would invest 0.00 in Daou Data on June 5, 2024 and sell it all today you would earn a total of 0.00 from holding Daou Data Corp or generate 0.0% return on investment in Daou Data over 180 days. Daou Data is related to or competes with Dongjin Semichem, AhnLab, Posco ICT, and CJ ENM. Daou Data Corporation engages in the IT distribution service business in South Korea. More
Daou Data 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 Daou Data'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 Daou Data Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 9.43 | |||
| Value At Risk | (2.01) | |||
| Potential Upside | 2.36 |
Daou Data Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Daou Data's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Daou Data's standard deviation. In reality, there are many statistical measures that can use Daou Data historical prices to predict the future Daou Data's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.30) | |||
| Treynor Ratio | 6.22 |
Daou Data Corp Backtested Returns
At this point, Daou Data is very steady. Daou Data Corp secures Sharpe Ratio (or Efficiency) of 0.0137, which denotes the company had a 0.0137% return per unit of risk over the last 3 months. We have found twenty-three technical indicators for Daou Data Corp, which you can use to evaluate the volatility of the firm. Please confirm Daou Data's Variance of 2.38, standard deviation of 1.54, and Mean Deviation of 1.11 to check if the risk estimate we provide is consistent with the expected return of 0.0219%. Daou Data has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.0062, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Daou Data are expected to decrease at a much lower rate. During the bear market, Daou Data is likely to outperform the market. Daou Data Corp right now shows a risk of 1.6%. Please confirm Daou Data Corp standard deviation, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if Daou Data Corp will be following its price patterns.
Auto-correlation | 0.19 |
Very weak predictability
Daou Data Corp has very weak predictability. Overlapping area represents the amount of predictability between Daou Data time series from 5th of June 2024 to 3rd of September 2024 and 3rd of September 2024 to 2nd 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 Daou Data Corp price movement. The serial correlation of 0.19 indicates that over 19.0% of current Daou Data price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.19 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 157 K |
Daou Data Corp lagged returns against current returns
Autocorrelation, which is Daou Data 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 Daou Data's stock expected returns. We can calculate the autocorrelation of Daou Data returns to help us make a trade decision. For example, suppose you find that Daou Data 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 |
Daou Data 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 Daou Data stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Daou Data stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Daou Data stock over time.
Current vs Lagged Prices |
| Timeline |
Daou Data Lagged Returns
When evaluating Daou Data's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Daou Data stock have on its future price. Daou Data 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, Daou Data autocorrelation shows the relationship between Daou Data stock current value and its past values and can show if there is a momentum factor associated with investing in Daou Data Corp.
Regressed Prices |
| Timeline |
Pair Trading with Daou Data
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 Daou Data 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 Daou Data will appreciate offsetting losses from the drop in the long position's value.Moving against Daou Stock
The ability to find closely correlated positions to Daou Data could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Daou Data 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 Daou Data - 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 Daou Data Corp to buy it.
The correlation of Daou Data 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 Daou Data moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Daou Data Corp 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 Daou Data 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 Daou Stock
Daou Data financial ratios help investors to determine whether Daou 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 Daou with respect to the benefits of owning Daou Data security.