Duksan Hi (Korea) Market Value
| 077360 Stock | KRW 3,740 145.00 3.73% |
| Symbol | Duksan |
Duksan Hi '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 Duksan Hi'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 Duksan Hi.
| 06/04/2024 |
| 12/01/2024 |
If you would invest 0.00 in Duksan Hi on June 4, 2024 and sell it all today you would earn a total of 0.00 from holding Duksan Hi Metal or generate 0.0% return on investment in Duksan Hi over 180 days. Duksan Hi is related to or competes with Digital Power, Dongil Metal, BGF Retail, Echomarketing CoLtd, MetaLabs, PJ Metal, and Lotte Data. Duksan HiMetal Co., Ltd. manufactures and sells OLED electronic materials. More
Duksan Hi 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 Duksan Hi'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 Duksan Hi Metal upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.29) | |||
| Maximum Drawdown | 11.4 | |||
| Value At Risk | (3.92) | |||
| Potential Upside | 3.75 |
Duksan Hi Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Duksan Hi's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Duksan Hi's standard deviation. In reality, there are many statistical measures that can use Duksan Hi historical prices to predict the future Duksan Hi's volatility.| Risk Adjusted Performance | (0.17) | |||
| Jensen Alpha | (0.60) | |||
| Total Risk Alpha | (1.00) | |||
| Treynor Ratio | (5.12) |
Duksan Hi Metal Backtested Returns
Duksan Hi Metal secures Sharpe Ratio (or Efficiency) of -0.23, which denotes the company had a -0.23% return per unit of risk over the last 3 months. Duksan Hi Metal exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Duksan Hi's Mean Deviation of 1.91, standard deviation of 2.49, and Variance of 6.19 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.11, which means not very significant fluctuations relative to the market. As returns on the market increase, Duksan Hi's returns are expected to increase less than the market. However, during the bear market, the loss of holding Duksan Hi is expected to be smaller as well. At this point, Duksan Hi Metal has a negative expected return of -0.58%. Please make sure to confirm Duksan Hi's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Duksan Hi Metal performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.76 |
Good predictability
Duksan Hi Metal has good predictability. Overlapping area represents the amount of predictability between Duksan Hi time series from 4th of June 2024 to 2nd of September 2024 and 2nd of September 2024 to 1st 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 Duksan Hi Metal price movement. The serial correlation of 0.76 indicates that around 76.0% of current Duksan Hi price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.76 | |
| Spearman Rank Test | 0.81 | |
| Residual Average | 0.0 | |
| Price Variance | 223 K |
Duksan Hi Metal lagged returns against current returns
Autocorrelation, which is Duksan Hi 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 Duksan Hi's stock expected returns. We can calculate the autocorrelation of Duksan Hi returns to help us make a trade decision. For example, suppose you find that Duksan Hi 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 |
Duksan Hi 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 Duksan Hi stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Duksan Hi stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Duksan Hi stock over time.
Current vs Lagged Prices |
| Timeline |
Duksan Hi Lagged Returns
When evaluating Duksan Hi's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Duksan Hi stock have on its future price. Duksan Hi 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, Duksan Hi autocorrelation shows the relationship between Duksan Hi stock current value and its past values and can show if there is a momentum factor associated with investing in Duksan Hi Metal.
Regressed Prices |
| Timeline |
Pair Trading with Duksan Hi
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 Duksan Hi 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 Duksan Hi will appreciate offsetting losses from the drop in the long position's value.Moving together with Duksan Stock
| 0.98 | 254120 | Xavis | PairCorr |
| 0.92 | 353190 | Hurum | PairCorr |
| 0.76 | 336570 | Daishin Balance No8 | PairCorr |
| 0.77 | 034830 | Korea Real Estate | PairCorr |
| 0.69 | 030350 | Dragonfly GF Split | PairCorr |
The ability to find closely correlated positions to Duksan Hi could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Duksan Hi 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 Duksan Hi - 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 Duksan Hi Metal to buy it.
The correlation of Duksan Hi 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 Duksan Hi moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Duksan Hi Metal 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 Duksan Hi 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 Duksan Stock
Duksan Hi financial ratios help investors to determine whether Duksan 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 Duksan with respect to the benefits of owning Duksan Hi security.