Dongil Technology (Korea) Market Value
| 032960 Stock | KRW 10,520 20.00 0.19% |
| Symbol | Dongil |
Dongil Technology '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 Dongil Technology'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 Dongil Technology.
| 09/03/2024 |
| 12/02/2024 |
If you would invest 0.00 in Dongil Technology on September 3, 2024 and sell it all today you would earn a total of 0.00 from holding Dongil Technology or generate 0.0% return on investment in Dongil Technology over 90 days. Dongil Technology is related to or competes with Dongsin Engineering, Doosan Fuel, Daishin Balance, Total Soft, AptaBio Therapeutics, ASTORY CoLtd, and Daewoo SBI. Dongil Technology, Ltd manufactures and sells components, ESD ionizerssensors, and medical devices primarily in South Ko... More
Dongil Technology 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 Dongil Technology'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 Dongil Technology upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.25) | |||
| Maximum Drawdown | 5.95 | |||
| Value At Risk | (1.68) | |||
| Potential Upside | 1.59 |
Dongil Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dongil Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dongil Technology's standard deviation. In reality, there are many statistical measures that can use Dongil Technology historical prices to predict the future Dongil Technology's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.1) | |||
| Total Risk Alpha | (0.29) | |||
| Treynor Ratio | 0.5522 |
Dongil Technology Backtested Returns
Dongil Technology secures Sharpe Ratio (or Efficiency) of -0.13, which denotes the company had a -0.13% return per unit of risk over the last 3 months. Dongil Technology exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Dongil Technology's Standard Deviation of 1.01, mean deviation of 0.7171, and Variance of 1.01 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.22, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Dongil Technology are expected to decrease at a much lower rate. During the bear market, Dongil Technology is likely to outperform the market. At this point, Dongil Technology has a negative expected return of -0.13%. Please make sure to confirm Dongil Technology's jensen alpha, treynor ratio, and the relationship between the standard deviation and total risk alpha , to decide if Dongil Technology performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.39 |
Below average predictability
Dongil Technology has below average predictability. Overlapping area represents the amount of predictability between Dongil Technology time series from 3rd of September 2024 to 18th of October 2024 and 18th of October 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 Dongil Technology price movement. The serial correlation of 0.39 indicates that just about 39.0% of current Dongil Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.39 | |
| Spearman Rank Test | 0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 48 K |
Dongil Technology lagged returns against current returns
Autocorrelation, which is Dongil Technology 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 Dongil Technology's stock expected returns. We can calculate the autocorrelation of Dongil Technology returns to help us make a trade decision. For example, suppose you find that Dongil Technology 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 |
Dongil Technology 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 Dongil Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dongil Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dongil Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Dongil Technology Lagged Returns
When evaluating Dongil Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dongil Technology stock have on its future price. Dongil Technology 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, Dongil Technology autocorrelation shows the relationship between Dongil Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Dongil Technology.
Regressed Prices |
| Timeline |
Pair Trading with Dongil Technology
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 Dongil Technology 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 Dongil Technology will appreciate offsetting losses from the drop in the long position's value.Moving together with Dongil Stock
| 0.94 | 123040 | MS Autotech CoLtd | PairCorr |
| 0.89 | 012860 | Mobase Electronics CoLtd | PairCorr |
| 0.9 | 012700 | LEADCORP | PairCorr |
| 0.69 | 024910 | Kyung Chang Industrial | PairCorr |
| 0.89 | 027710 | FarmStory | PairCorr |
The ability to find closely correlated positions to Dongil Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dongil Technology 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 Dongil Technology - 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 Dongil Technology to buy it.
The correlation of Dongil Technology 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 Dongil Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dongil Technology 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 Dongil Technology 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 Dongil Stock
Dongil Technology financial ratios help investors to determine whether Dongil 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 Dongil with respect to the benefits of owning Dongil Technology security.