Daesung Hi-Tech (Korea) Market Value
| 129920 Stock | 3,940 20.00 0.51% |
| Symbol | Daesung |
Daesung Hi-Tech '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-Tech'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-Tech.
| 12/19/2024 |
| 03/19/2025 |
If you would invest 0.00 in Daesung Hi-Tech on December 19, 2024 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-Tech over 90 days.
Daesung Hi-Tech 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-Tech'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.
| Downside Deviation | 4.18 | |||
| Information Ratio | 0.0705 | |||
| Maximum Drawdown | 39.21 | |||
| Value At Risk | (6.33) | |||
| Potential Upside | 6.41 |
Daesung Hi-Tech Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Daesung Hi-Tech's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Daesung Hi-Tech's standard deviation. In reality, there are many statistical measures that can use Daesung Hi-Tech historical prices to predict the future Daesung Hi-Tech's volatility.| Risk Adjusted Performance | 0.0562 | |||
| Jensen Alpha | 0.2419 | |||
| Total Risk Alpha | 0.7935 | |||
| Sortino Ratio | 0.0858 | |||
| Treynor Ratio | (0.96) |
Daesung Hi Tech Backtested Returns
Daesung Hi-Tech appears to be very steady, given 3 months investment horizon. Daesung Hi Tech secures Sharpe Ratio (or Efficiency) of 0.0706, which denotes the company had a 0.0706 % return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Daesung Hi Tech Co, which you can use to evaluate the volatility of the firm. Please utilize Daesung Hi-Tech's Semi Deviation of 3.52, downside deviation of 4.18, and Mean Deviation of 2.66 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Daesung Hi-Tech holds a performance score of 5. The firm shows a Beta (market volatility) of -0.28, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Daesung Hi-Tech are expected to decrease at a much lower rate. During the bear market, Daesung Hi-Tech is likely to outperform the market. Please check Daesung Hi-Tech's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether Daesung Hi-Tech's price patterns will revert.
Auto-correlation | -0.83 |
Excellent reverse predictability
Daesung Hi Tech Co has excellent reverse predictability. Overlapping area represents the amount of predictability between Daesung Hi-Tech time series from 19th of December 2024 to 2nd of February 2025 and 2nd of February 2025 to 19th 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 Daesung Hi Tech price movement. The serial correlation of -0.83 indicates that around 83.0% of current Daesung Hi-Tech price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.83 | |
| Spearman Rank Test | -0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 270.8 K |
Daesung Hi Tech lagged returns against current returns
Autocorrelation, which is Daesung Hi-Tech 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-Tech's stock expected returns. We can calculate the autocorrelation of Daesung Hi-Tech returns to help us make a trade decision. For example, suppose you find that Daesung Hi-Tech 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-Tech 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-Tech stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Daesung Hi-Tech 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-Tech stock over time.
Current vs Lagged Prices |
| Timeline |
Daesung Hi-Tech Lagged Returns
When evaluating Daesung Hi-Tech's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Daesung Hi-Tech stock have on its future price. Daesung Hi-Tech 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-Tech autocorrelation shows the relationship between Daesung Hi-Tech 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-Tech
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-Tech 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-Tech will appreciate offsetting losses from the drop in the long position's value.Moving against Daesung Stock
| 0.68 | 005387 | Hyundai Motor | PairCorr |
| 0.61 | 005385 | Hyundai Motor | PairCorr |
| 0.31 | 272290 | INNOX Advanced Materials | PairCorr |
The ability to find closely correlated positions to Daesung Hi-Tech 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-Tech 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-Tech - 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-Tech 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-Tech 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-Tech 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.