Dawonsys CoLtd (Korea) Market Value
| 068240 Stock | KRW 10,830 360.00 3.22% |
| Symbol | Dawonsys |
Dawonsys CoLtd '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 Dawonsys CoLtd'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 Dawonsys CoLtd.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Dawonsys CoLtd on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Dawonsys CoLtd or generate 0.0% return on investment in Dawonsys CoLtd over 30 days. Dawonsys CoLtd is related to or competes with KT Submarine, Ssangyong Information, ECSTELECOM, Asiana Airlines, Nable Communications, and Kisan Telecom. ,Ltd. engages in the rolling stock, fusion power supply and accelerator, displaysemiconductor, plantintelligent welding,... More
Dawonsys CoLtd 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 Dawonsys CoLtd'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 Dawonsys CoLtd upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.9 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 16.48 | |||
| Value At Risk | (3.22) | |||
| Potential Upside | 2.96 |
Dawonsys CoLtd Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dawonsys CoLtd's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dawonsys CoLtd's standard deviation. In reality, there are many statistical measures that can use Dawonsys CoLtd historical prices to predict the future Dawonsys CoLtd's volatility.| Risk Adjusted Performance | 0.0382 | |||
| Jensen Alpha | 0.0118 | |||
| Total Risk Alpha | (0.27) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.1336 |
Dawonsys CoLtd Backtested Returns
At this point, Dawonsys CoLtd is very steady. Dawonsys CoLtd secures Sharpe Ratio (or Efficiency) of 0.0504, which denotes the company had a 0.0504% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Dawonsys CoLtd, which you can use to evaluate the volatility of the firm. Please confirm Dawonsys CoLtd's Downside Deviation of 2.9, mean deviation of 1.67, and Coefficient Of Variation of 2437.06 to check if the risk estimate we provide is consistent with the expected return of 0.12%. Dawonsys CoLtd has a performance score of 3 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.65, which means possible diversification benefits within a given portfolio. As returns on the market increase, Dawonsys CoLtd's returns are expected to increase less than the market. However, during the bear market, the loss of holding Dawonsys CoLtd is expected to be smaller as well. Dawonsys CoLtd right now shows a risk of 2.44%. Please confirm Dawonsys CoLtd sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to decide if Dawonsys CoLtd will be following its price patterns.
Auto-correlation | -0.57 |
Good reverse predictability
Dawonsys CoLtd has good reverse predictability. Overlapping area represents the amount of predictability between Dawonsys CoLtd 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 Dawonsys CoLtd price movement. The serial correlation of -0.57 indicates that roughly 57.0% of current Dawonsys CoLtd price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.57 | |
| Spearman Rank Test | 0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 51 K |
Dawonsys CoLtd lagged returns against current returns
Autocorrelation, which is Dawonsys CoLtd 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 Dawonsys CoLtd's stock expected returns. We can calculate the autocorrelation of Dawonsys CoLtd returns to help us make a trade decision. For example, suppose you find that Dawonsys CoLtd 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 |
Dawonsys CoLtd 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 Dawonsys CoLtd stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dawonsys CoLtd stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dawonsys CoLtd stock over time.
Current vs Lagged Prices |
| Timeline |
Dawonsys CoLtd Lagged Returns
When evaluating Dawonsys CoLtd's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dawonsys CoLtd stock have on its future price. Dawonsys CoLtd 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, Dawonsys CoLtd autocorrelation shows the relationship between Dawonsys CoLtd stock current value and its past values and can show if there is a momentum factor associated with investing in Dawonsys CoLtd.
Regressed Prices |
| Timeline |
Pair Trading with Dawonsys CoLtd
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 Dawonsys CoLtd 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 Dawonsys CoLtd will appreciate offsetting losses from the drop in the long position's value.Moving against Dawonsys Stock
The ability to find closely correlated positions to Dawonsys CoLtd could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dawonsys CoLtd 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 Dawonsys CoLtd - 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 Dawonsys CoLtd to buy it.
The correlation of Dawonsys CoLtd 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 Dawonsys CoLtd moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dawonsys CoLtd 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 Dawonsys CoLtd 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 Dawonsys Stock
Dawonsys CoLtd financial ratios help investors to determine whether Dawonsys 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 Dawonsys with respect to the benefits of owning Dawonsys CoLtd security.