Daejung Chemicals (Korea) Market Value
| 120240 Stock | KRW 12,870 10.00 0.08% |
| Symbol | Daejung |
Daejung Chemicals '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 Daejung Chemicals' 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 Daejung Chemicals.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Daejung Chemicals on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Daejung Chemicals Metals or generate 0.0% return on investment in Daejung Chemicals over 90 days. Daejung Chemicals is related to or competes with Korea Air, Jeju Air, Korean Air, Jeong Moon, Korea Information, and Lotte Data. ,Ltd. manufactures reagents and raw materials in South Korea More
Daejung Chemicals 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 Daejung Chemicals' 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 Daejung Chemicals Metals upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.54 | |||
| Information Ratio | 0.1163 | |||
| Maximum Drawdown | 9.54 | |||
| Value At Risk | (2.03) | |||
| Potential Upside | 1.9 |
Daejung Chemicals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Daejung Chemicals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Daejung Chemicals' standard deviation. In reality, there are many statistical measures that can use Daejung Chemicals historical prices to predict the future Daejung Chemicals' volatility.| Risk Adjusted Performance | 0.05 | |||
| Jensen Alpha | 0.0849 | |||
| Total Risk Alpha | 0.2651 | |||
| Sortino Ratio | 0.1172 | |||
| Treynor Ratio | 0.5645 |
Daejung Chemicals Metals Backtested Returns
At this point, Daejung Chemicals is very steady. Daejung Chemicals Metals secures Sharpe Ratio (or Efficiency) of 0.0288, which denotes the company had a 0.0288 % return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for Daejung Chemicals Metals, which you can use to evaluate the volatility of the firm. Please confirm Daejung Chemicals' Semi Deviation of 1.41, downside deviation of 1.54, and Mean Deviation of 0.9898 to check if the risk estimate we provide is consistent with the expected return of 0.0281%. Daejung Chemicals has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.13, which means not very significant fluctuations relative to the market. As returns on the market increase, Daejung Chemicals' returns are expected to increase less than the market. However, during the bear market, the loss of holding Daejung Chemicals is expected to be smaller as well. Daejung Chemicals Metals right now shows a risk of 0.98%. Please confirm Daejung Chemicals Metals market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to decide if Daejung Chemicals Metals will be following its price patterns.
Auto-correlation | 0.34 |
Below average predictability
Daejung Chemicals Metals has below average predictability. Overlapping area represents the amount of predictability between Daejung Chemicals time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Daejung Chemicals Metals price movement. The serial correlation of 0.34 indicates that nearly 34.0% of current Daejung Chemicals price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.34 | |
| Spearman Rank Test | -0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 20.4 K |
Daejung Chemicals Metals lagged returns against current returns
Autocorrelation, which is Daejung Chemicals 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 Daejung Chemicals' stock expected returns. We can calculate the autocorrelation of Daejung Chemicals returns to help us make a trade decision. For example, suppose you find that Daejung Chemicals 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 |
Daejung Chemicals 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 Daejung Chemicals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Daejung Chemicals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Daejung Chemicals stock over time.
Current vs Lagged Prices |
| Timeline |
Daejung Chemicals Lagged Returns
When evaluating Daejung Chemicals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Daejung Chemicals stock have on its future price. Daejung Chemicals 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, Daejung Chemicals autocorrelation shows the relationship between Daejung Chemicals stock current value and its past values and can show if there is a momentum factor associated with investing in Daejung Chemicals Metals.
Regressed Prices |
| Timeline |
Pair Trading with Daejung Chemicals
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 Daejung Chemicals 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 Daejung Chemicals will appreciate offsetting losses from the drop in the long position's value.Moving together with Daejung Stock
Moving against Daejung Stock
The ability to find closely correlated positions to Daejung Chemicals could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Daejung Chemicals 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 Daejung Chemicals - 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 Daejung Chemicals Metals to buy it.
The correlation of Daejung Chemicals 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 Daejung Chemicals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Daejung Chemicals Metals 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 Daejung Chemicals 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 Daejung Stock
Daejung Chemicals financial ratios help investors to determine whether Daejung 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 Daejung with respect to the benefits of owning Daejung Chemicals security.