DoubleU Games (Korea) Market Value
| 192080 Stock | 52,300 200.00 0.38% |
| Symbol | DoubleU |
DoubleU Games '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 DoubleU Games' 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 DoubleU Games.
| 11/05/2024 |
| 01/04/2025 |
If you would invest 0.00 in DoubleU Games on November 5, 2024 and sell it all today you would earn a total of 0.00 from holding DoubleU Games Co or generate 0.0% return on investment in DoubleU Games over 60 days. DoubleU Games is related to or competes with Netmarble Games, Busan Industrial, UNISEM, Finebesteel, Shinhan Inverse, and Fine Besteel. More
DoubleU Games 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 DoubleU Games' 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 DoubleU Games Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.82 | |||
| Information Ratio | 0.058 | |||
| Maximum Drawdown | 8.88 | |||
| Value At Risk | (2.57) | |||
| Potential Upside | 2.96 |
DoubleU Games Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for DoubleU Games' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as DoubleU Games' standard deviation. In reality, there are many statistical measures that can use DoubleU Games historical prices to predict the future DoubleU Games' volatility.| Risk Adjusted Performance | 0.0628 | |||
| Jensen Alpha | 0.1152 | |||
| Total Risk Alpha | 0.0866 | |||
| Sortino Ratio | 0.0552 | |||
| Treynor Ratio | (0.62) |
DoubleU Games Backtested Returns
At this point, DoubleU Games is very steady. DoubleU Games secures Sharpe Ratio (or Efficiency) of 0.0625, which denotes the company had a 0.0625% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for DoubleU Games Co, which you can use to evaluate the volatility of the firm. Please confirm DoubleU Games' Mean Deviation of 1.33, downside deviation of 1.82, and Coefficient Of Variation of 1410.39 to check if the risk estimate we provide is consistent with the expected return of 0.11%. DoubleU Games has a performance score of 4 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.18, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning DoubleU Games are expected to decrease at a much lower rate. During the bear market, DoubleU Games is likely to outperform the market. DoubleU Games right now shows a risk of 1.77%. Please confirm DoubleU Games standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to decide if DoubleU Games will be following its price patterns.
Auto-correlation | -0.51 |
Good reverse predictability
DoubleU Games Co has good reverse predictability. Overlapping area represents the amount of predictability between DoubleU Games 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 DoubleU Games price movement. The serial correlation of -0.51 indicates that about 51.0% of current DoubleU Games price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.51 | |
| Spearman Rank Test | -0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 762.7 K |
DoubleU Games lagged returns against current returns
Autocorrelation, which is DoubleU Games 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 DoubleU Games' stock expected returns. We can calculate the autocorrelation of DoubleU Games returns to help us make a trade decision. For example, suppose you find that DoubleU Games 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 |
DoubleU Games 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 DoubleU Games stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if DoubleU Games stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in DoubleU Games stock over time.
Current vs Lagged Prices |
| Timeline |
DoubleU Games Lagged Returns
When evaluating DoubleU Games' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of DoubleU Games stock have on its future price. DoubleU Games 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, DoubleU Games autocorrelation shows the relationship between DoubleU Games stock current value and its past values and can show if there is a momentum factor associated with investing in DoubleU Games Co.
Regressed Prices |
| Timeline |
Pair Trading with DoubleU Games
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 DoubleU Games 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 DoubleU Games will appreciate offsetting losses from the drop in the long position's value.Moving against DoubleU Stock
| 0.45 | 034220 | LG Display | PairCorr |
| 0.44 | 005490 | POSCO Holdings | PairCorr |
| 0.39 | 005935 | Samsung Electronics | PairCorr |
| 0.31 | 034730 | SK Holdings | PairCorr |
The ability to find closely correlated positions to DoubleU Games could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace DoubleU Games 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 DoubleU Games - 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 DoubleU Games Co to buy it.
The correlation of DoubleU Games 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 DoubleU Games moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if DoubleU Games 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 DoubleU Games 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 DoubleU Stock
DoubleU Games financial ratios help investors to determine whether DoubleU 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 DoubleU with respect to the benefits of owning DoubleU Games security.