Daejoo Electronic (Korea) Market Value
| 078600 Stock | KRW 83,100 5,300 6.00% |
| Symbol | Daejoo |
Daejoo Electronic '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 Daejoo Electronic'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 Daejoo Electronic.
| 10/03/2024 |
| 12/02/2024 |
If you would invest 0.00 in Daejoo Electronic on October 3, 2024 and sell it all today you would earn a total of 0.00 from holding Daejoo Electronic Materials or generate 0.0% return on investment in Daejoo Electronic over 60 days. Daejoo Electronic is related to or competes with Ecopro BM, LF, and Chunbo. Daejoo Electronic Materials Co., Ltd. develops and sells electronic materials in South Korea, China, Taiwan, the United ... More
Daejoo Electronic 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 Daejoo Electronic'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 Daejoo Electronic Materials upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 19.12 | |||
| Value At Risk | (6.00) | |||
| Potential Upside | 6.32 |
Daejoo Electronic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Daejoo Electronic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Daejoo Electronic's standard deviation. In reality, there are many statistical measures that can use Daejoo Electronic historical prices to predict the future Daejoo Electronic's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.32) | |||
| Total Risk Alpha | (1.08) | |||
| Treynor Ratio | 0.4419 |
Daejoo Electronic Backtested Returns
Daejoo Electronic secures Sharpe Ratio (or Efficiency) of -0.098, which denotes the company had a -0.098% return per unit of standard deviation over the last 3 months. Daejoo Electronic Materials exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Daejoo Electronic's Mean Deviation of 2.83, standard deviation of 3.79, and Coefficient Of Variation of (866.75) to check the risk estimate we provide. The firm shows a Beta (market volatility) of -1.01, which means a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning Daejoo Electronic are expected to decrease slowly. On the other hand, during market turmoil, Daejoo Electronic is expected to outperform it slightly. At this point, Daejoo Electronic has a negative expected return of -0.37%. Please make sure to confirm Daejoo Electronic's mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Daejoo Electronic performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.75 |
Good predictability
Daejoo Electronic Materials has good predictability. Overlapping area represents the amount of predictability between Daejoo Electronic time series from 3rd of October 2024 to 2nd of November 2024 and 2nd of November 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 Daejoo Electronic price movement. The serial correlation of 0.75 indicates that around 75.0% of current Daejoo Electronic price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.75 | |
| Spearman Rank Test | 0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 44.2 M |
Daejoo Electronic lagged returns against current returns
Autocorrelation, which is Daejoo Electronic 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 Daejoo Electronic's stock expected returns. We can calculate the autocorrelation of Daejoo Electronic returns to help us make a trade decision. For example, suppose you find that Daejoo Electronic 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 |
Daejoo Electronic 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 Daejoo Electronic stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Daejoo Electronic stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Daejoo Electronic stock over time.
Current vs Lagged Prices |
| Timeline |
Daejoo Electronic Lagged Returns
When evaluating Daejoo Electronic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Daejoo Electronic stock have on its future price. Daejoo Electronic 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, Daejoo Electronic autocorrelation shows the relationship between Daejoo Electronic stock current value and its past values and can show if there is a momentum factor associated with investing in Daejoo Electronic Materials.
Regressed Prices |
| Timeline |
Pair Trading with Daejoo Electronic
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 Daejoo Electronic 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 Daejoo Electronic will appreciate offsetting losses from the drop in the long position's value.Moving together with Daejoo Stock
| 0.84 | 123040 | MS Autotech CoLtd | PairCorr |
| 0.82 | 012860 | Mobase Electronics CoLtd | PairCorr |
| 0.71 | 012700 | LEADCORP | PairCorr |
| 0.79 | 024910 | Kyung Chang Industrial | PairCorr |
| 0.82 | 027710 | FarmStory | PairCorr |
The ability to find closely correlated positions to Daejoo Electronic could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Daejoo Electronic 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 Daejoo Electronic - 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 Daejoo Electronic Materials to buy it.
The correlation of Daejoo Electronic 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 Daejoo Electronic moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Daejoo Electronic 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 Daejoo Electronic 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 Daejoo Stock
Daejoo Electronic financial ratios help investors to determine whether Daejoo 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 Daejoo with respect to the benefits of owning Daejoo Electronic security.