DreamCIS (Korea) Market Value
| 223250 Stock | KRW 2,965 10.00 0.34% |
| Symbol | DreamCIS |
DreamCIS '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 DreamCIS'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 DreamCIS.
| 11/13/2024 |
| 12/13/2024 |
If you would invest 0.00 in DreamCIS on November 13, 2024 and sell it all today you would earn a total of 0.00 from holding DreamCIS or generate 0.0% return on investment in DreamCIS over 30 days. DreamCIS is related to or competes with LabGenomics, Naver, Busan Industrial, and UNISEM. DreamCIS, Inc. provides clinical research services in South Korea More
DreamCIS 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 DreamCIS'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 DreamCIS upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 37.41 | |||
| Value At Risk | (6.30) | |||
| Potential Upside | 4.67 |
DreamCIS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for DreamCIS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as DreamCIS's standard deviation. In reality, there are many statistical measures that can use DreamCIS historical prices to predict the future DreamCIS's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (1.02) | |||
| Treynor Ratio | 0.1923 |
DreamCIS Backtested Returns
DreamCIS secures Sharpe Ratio (or Efficiency) of -0.0461, which denotes the company had a -0.0461% return per unit of standard deviation over the last 3 months. DreamCIS exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm DreamCIS's Coefficient Of Variation of (1,616), mean deviation of 3.04, and Standard Deviation of 5.01 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -1.66, which means a somewhat significant risk relative to the market. As returns on the market increase, returns on owning DreamCIS are expected to decrease by larger amounts. On the other hand, during market turmoil, DreamCIS is expected to outperform it. At this point, DreamCIS has a negative expected return of -0.24%. Please make sure to confirm DreamCIS's coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if DreamCIS performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.47 |
Average predictability
DreamCIS has average predictability. Overlapping area represents the amount of predictability between DreamCIS time series from 13th of November 2024 to 28th of November 2024 and 28th of November 2024 to 13th 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 DreamCIS price movement. The serial correlation of 0.47 indicates that about 47.0% of current DreamCIS price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.47 | |
| Spearman Rank Test | 0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 15.4 K |
DreamCIS lagged returns against current returns
Autocorrelation, which is DreamCIS 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 DreamCIS's stock expected returns. We can calculate the autocorrelation of DreamCIS returns to help us make a trade decision. For example, suppose you find that DreamCIS 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 |
DreamCIS 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 DreamCIS stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if DreamCIS stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in DreamCIS stock over time.
Current vs Lagged Prices |
| Timeline |
DreamCIS Lagged Returns
When evaluating DreamCIS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of DreamCIS stock have on its future price. DreamCIS 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, DreamCIS autocorrelation shows the relationship between DreamCIS stock current value and its past values and can show if there is a momentum factor associated with investing in DreamCIS.
Regressed Prices |
| Timeline |
Pair Trading with DreamCIS
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 DreamCIS 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 DreamCIS will appreciate offsetting losses from the drop in the long position's value.Moving together with DreamCIS Stock
The ability to find closely correlated positions to DreamCIS could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace DreamCIS 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 DreamCIS - 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 DreamCIS to buy it.
The correlation of DreamCIS 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 DreamCIS moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if DreamCIS 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 DreamCIS 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 DreamCIS Stock
DreamCIS financial ratios help investors to determine whether DreamCIS 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 DreamCIS with respect to the benefits of owning DreamCIS security.