Daesung Hi (Korea) Market Value
| 129920 Stock | 3,685 5.00 0.14% |
| Symbol | Daesung |
Daesung 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 Daesung 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 Daesung Hi.
| 12/12/2022 |
| 12/01/2024 |
If you would invest 0.00 in Daesung Hi on December 12, 2022 and sell it all today you would earn a total of 0.00 from holding Daesung Hi Tech Co or generate 0.0% return on investment in Daesung Hi over 720 days.
Daesung 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 Daesung 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 Daesung Hi Tech Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 12.44 | |||
| Value At Risk | (4.58) | |||
| Potential Upside | 4.13 |
Daesung Hi Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Daesung Hi's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Daesung Hi's standard deviation. In reality, there are many statistical measures that can use Daesung Hi historical prices to predict the future Daesung Hi's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.66) | |||
| Treynor Ratio | 0.6746 |
Daesung Hi Tech Backtested Returns
Daesung Hi Tech secures Sharpe Ratio (or Efficiency) of -0.0567, which denotes the company had a -0.0567% return per unit of standard deviation over the last 3 months. Daesung Hi Tech Co exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Daesung Hi's Coefficient Of Variation of (1,450), mean deviation of 2.11, and Standard Deviation of 2.75 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.3, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Daesung Hi are expected to decrease at a much lower rate. During the bear market, Daesung Hi is likely to outperform the market. At this point, Daesung Hi Tech has a negative expected return of -0.15%. Please make sure to confirm Daesung Hi's coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if Daesung Hi Tech performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.47 |
Average predictability
Daesung Hi Tech Co has average predictability. Overlapping area represents the amount of predictability between Daesung Hi time series from 12th of December 2022 to 7th of December 2023 and 7th of December 2023 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 Daesung Hi Tech price movement. The serial correlation of 0.47 indicates that about 47.0% of current Daesung Hi price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.47 | |
| Spearman Rank Test | 0.51 | |
| Residual Average | 0.0 | |
| Price Variance | 932.3 K |
Daesung Hi Tech lagged returns against current returns
Autocorrelation, which is Daesung 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 Daesung Hi's stock expected returns. We can calculate the autocorrelation of Daesung Hi returns to help us make a trade decision. For example, suppose you find that Daesung 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 |
Daesung 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 Daesung Hi stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Daesung Hi stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Daesung Hi stock over time.
Current vs Lagged Prices |
| Timeline |
Daesung Hi Lagged Returns
When evaluating Daesung Hi's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Daesung Hi stock have on its future price. Daesung 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, Daesung Hi autocorrelation shows the relationship between Daesung Hi stock current value and its past values and can show if there is a momentum factor associated with investing in Daesung Hi Tech Co.
Regressed Prices |
| Timeline |
Pair Trading with Daesung 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 Daesung 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 Daesung Hi will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Daesung 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 Daesung 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 Daesung 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 Daesung Hi Tech Co to buy it.
The correlation of Daesung 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 Daesung Hi moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Daesung Hi Tech 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 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.