DukSan Neolux (Korea) Market Value
| 213420 Stock | KRW 31,950 100.00 0.31% |
| Symbol | DukSan |
DukSan Neolux '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 DukSan Neolux'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 DukSan Neolux.
| 01/28/2025 |
| 02/27/2025 |
If you would invest 0.00 in DukSan Neolux on January 28, 2025 and sell it all today you would earn a total of 0.00 from holding DukSan Neolux CoLtd or generate 0.0% return on investment in DukSan Neolux over 30 days. DukSan Neolux is related to or competes with ITM Semiconductor, Hanmi Semiconductor, Jeju Beer, E Investment, Pureun Mutual, Green Cross, and CU Medical. More
DukSan Neolux 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 DukSan Neolux'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 DukSan Neolux CoLtd upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.38 | |||
| Information Ratio | 0.1576 | |||
| Maximum Drawdown | 16.37 | |||
| Value At Risk | (3.99) | |||
| Potential Upside | 7.29 |
DukSan Neolux Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for DukSan Neolux's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as DukSan Neolux's standard deviation. In reality, there are many statistical measures that can use DukSan Neolux historical prices to predict the future DukSan Neolux's volatility.| Risk Adjusted Performance | 0.1246 | |||
| Jensen Alpha | 0.5445 | |||
| Total Risk Alpha | 0.5796 | |||
| Sortino Ratio | 0.2331 | |||
| Treynor Ratio | (0.85) |
DukSan Neolux CoLtd Backtested Returns
DukSan Neolux appears to be very steady, given 3 months investment horizon. DukSan Neolux CoLtd secures Sharpe Ratio (or Efficiency) of 0.14, which denotes the company had a 0.14 % return per unit of risk over the last 3 months. By reviewing DukSan Neolux's technical indicators, you can evaluate if the expected return of 0.5% is justified by implied risk. Please utilize DukSan Neolux's Coefficient Of Variation of 630.4, mean deviation of 2.66, and Downside Deviation of 2.38 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, DukSan Neolux holds a performance score of 10. The firm shows a Beta (market volatility) of -0.64, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning DukSan Neolux are expected to decrease at a much lower rate. During the bear market, DukSan Neolux is likely to outperform the market. Please check DukSan Neolux's downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether DukSan Neolux's price patterns will revert.
Auto-correlation | -0.65 |
Very good reverse predictability
DukSan Neolux CoLtd has very good reverse predictability. Overlapping area represents the amount of predictability between DukSan Neolux time series from 28th of January 2025 to 12th of February 2025 and 12th of February 2025 to 27th of February 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 DukSan Neolux CoLtd price movement. The serial correlation of -0.65 indicates that roughly 65.0% of current DukSan Neolux price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.65 | |
| Spearman Rank Test | -0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 494.7 K |
DukSan Neolux CoLtd lagged returns against current returns
Autocorrelation, which is DukSan Neolux 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 DukSan Neolux's stock expected returns. We can calculate the autocorrelation of DukSan Neolux returns to help us make a trade decision. For example, suppose you find that DukSan Neolux 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 |
DukSan Neolux 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 DukSan Neolux stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if DukSan Neolux stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in DukSan Neolux stock over time.
Current vs Lagged Prices |
| Timeline |
DukSan Neolux Lagged Returns
When evaluating DukSan Neolux's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of DukSan Neolux stock have on its future price. DukSan Neolux 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, DukSan Neolux autocorrelation shows the relationship between DukSan Neolux stock current value and its past values and can show if there is a momentum factor associated with investing in DukSan Neolux CoLtd.
Regressed Prices |
| Timeline |
Pair Trading with DukSan Neolux
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 DukSan Neolux 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 DukSan Neolux will appreciate offsetting losses from the drop in the long position's value.Moving together with DukSan Stock
Moving against DukSan Stock
The ability to find closely correlated positions to DukSan Neolux could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace DukSan Neolux 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 DukSan Neolux - 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 DukSan Neolux CoLtd to buy it.
The correlation of DukSan Neolux 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 DukSan Neolux moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if DukSan Neolux CoLtd 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 DukSan Neolux 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 DukSan Stock
DukSan Neolux financial ratios help investors to determine whether DukSan 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 DukSan with respect to the benefits of owning DukSan Neolux security.