Daesung Industrial (Korea) Market Value
| 128820 Stock | 3,295 15.00 0.46% |
| Symbol | Daesung |
Daesung Industrial '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 Daesung Industrial'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 Daesung Industrial.
| 11/05/2024 |
| 01/04/2025 |
If you would invest 0.00 in Daesung Industrial on November 5, 2024 and sell it all today you would earn a total of 0.00 from holding Daesung Industrial Co or generate 0.0% return on investment in Daesung Industrial over 60 days. Daesung Industrial is related to or competes with Daiyang Metal, Busan Industrial, Daesung Eltec, Finebesteel, Fine Besteel, ISU Chemical, and NAU IB. More
Daesung Industrial 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 Daesung Industrial'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 Daesung Industrial Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 13.35 | |||
| Value At Risk | (4.89) | |||
| Potential Upside | 3.58 |
Daesung Industrial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Daesung Industrial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Daesung Industrial's standard deviation. In reality, there are many statistical measures that can use Daesung Industrial historical prices to predict the future Daesung Industrial's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.25) | |||
| Total Risk Alpha | (0.28) | |||
| Treynor Ratio | (3.14) |
Daesung Industrial Backtested Returns
Daesung Industrial secures Sharpe Ratio (or Efficiency) of -0.0583, which denotes the company had a -0.0583% return per unit of standard deviation over the last 3 months. Daesung Industrial Co exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Daesung Industrial's Mean Deviation of 1.44, standard deviation of 2.43, and Coefficient Of Variation of (1,024) to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0789, which means not very significant fluctuations relative to the market. As returns on the market increase, Daesung Industrial's returns are expected to increase less than the market. However, during the bear market, the loss of holding Daesung Industrial is expected to be smaller as well. At this point, Daesung Industrial has a negative expected return of -0.13%. Please make sure to confirm Daesung Industrial's coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if Daesung Industrial performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.25 |
Weak reverse predictability
Daesung Industrial Co has weak reverse predictability. Overlapping area represents the amount of predictability between Daesung Industrial time series from 5th of November 2024 to 5th of December 2024 and 5th of December 2024 to 4th of January 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 Daesung Industrial price movement. The serial correlation of -0.25 indicates that over 25.0% of current Daesung Industrial price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.25 | |
| Spearman Rank Test | -0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 16.9 K |
Daesung Industrial lagged returns against current returns
Autocorrelation, which is Daesung Industrial 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 Daesung Industrial's stock expected returns. We can calculate the autocorrelation of Daesung Industrial returns to help us make a trade decision. For example, suppose you find that Daesung Industrial 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 |
Daesung Industrial 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 Daesung Industrial stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Daesung Industrial stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Daesung Industrial stock over time.
Current vs Lagged Prices |
| Timeline |
Daesung Industrial Lagged Returns
When evaluating Daesung Industrial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Daesung Industrial stock have on its future price. Daesung Industrial 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, Daesung Industrial autocorrelation shows the relationship between Daesung Industrial stock current value and its past values and can show if there is a momentum factor associated with investing in Daesung Industrial Co.
Regressed Prices |
| Timeline |
Pair Trading with Daesung Industrial
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 Daesung Industrial 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 Daesung Industrial will appreciate offsetting losses from the drop in the long position's value.Moving together with Daesung Stock
Moving against Daesung Stock
The ability to find closely correlated positions to Daesung Industrial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Daesung Industrial 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 Daesung Industrial - 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 Daesung Industrial Co to buy it.
The correlation of Daesung Industrial 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 Daesung Industrial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Daesung Industrial 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 Daesung Industrial 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 Daesung Stock
Daesung Industrial financial ratios help investors to determine whether Daesung 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 Daesung with respect to the benefits of owning Daesung Industrial security.