DONGKUK TED (Korea) Market Value
| 460850 Stock | 6,170 40.00 0.65% |
| Symbol | DONGKUK |
DONGKUK TED '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 DONGKUK TED'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 DONGKUK TED.
| 06/01/2024 |
| 11/28/2024 |
If you would invest 0.00 in DONGKUK TED on June 1, 2024 and sell it all today you would earn a total of 0.00 from holding DONGKUK TED METAL or generate 0.0% return on investment in DONGKUK TED over 180 days.
DONGKUK TED 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 DONGKUK TED'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 DONGKUK TED METAL upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.30) | |||
| Maximum Drawdown | 9.53 | |||
| Value At Risk | (3.38) | |||
| Potential Upside | 2.42 |
DONGKUK TED Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for DONGKUK TED's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as DONGKUK TED's standard deviation. In reality, there are many statistical measures that can use DONGKUK TED historical prices to predict the future DONGKUK TED's volatility.| Risk Adjusted Performance | (0.17) | |||
| Jensen Alpha | (0.42) | |||
| Total Risk Alpha | (0.70) | |||
| Treynor Ratio | 10.09 |
DONGKUK TED METAL Backtested Returns
DONGKUK TED METAL secures Sharpe Ratio (or Efficiency) of -0.19, which denotes the company had a -0.19% return per unit of risk over the last 3 months. DONGKUK TED METAL exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm DONGKUK TED's Coefficient Of Variation of (436.45), mean deviation of 1.31, and Standard Deviation of 1.82 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0424, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning DONGKUK TED are expected to decrease at a much lower rate. During the bear market, DONGKUK TED is likely to outperform the market. At this point, DONGKUK TED METAL has a negative expected return of -0.35%. Please make sure to confirm DONGKUK TED's standard deviation, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if DONGKUK TED METAL performance from the past will be repeated at future time.
Auto-correlation | -0.23 |
Weak reverse predictability
DONGKUK TED METAL has weak reverse predictability. Overlapping area represents the amount of predictability between DONGKUK TED time series from 1st of June 2024 to 30th of August 2024 and 30th of August 2024 to 28th of November 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 DONGKUK TED METAL price movement. The serial correlation of -0.23 indicates that over 23.0% of current DONGKUK TED price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.23 | |
| Spearman Rank Test | -0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 109.3 K |
DONGKUK TED METAL lagged returns against current returns
Autocorrelation, which is DONGKUK TED 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 DONGKUK TED's stock expected returns. We can calculate the autocorrelation of DONGKUK TED returns to help us make a trade decision. For example, suppose you find that DONGKUK TED 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 |
DONGKUK TED 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 DONGKUK TED stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if DONGKUK TED stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in DONGKUK TED stock over time.
Current vs Lagged Prices |
| Timeline |
DONGKUK TED Lagged Returns
When evaluating DONGKUK TED's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of DONGKUK TED stock have on its future price. DONGKUK TED 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, DONGKUK TED autocorrelation shows the relationship between DONGKUK TED stock current value and its past values and can show if there is a momentum factor associated with investing in DONGKUK TED METAL.
Regressed Prices |
| Timeline |
Pair Trading with DONGKUK TED
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 DONGKUK TED 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 DONGKUK TED will appreciate offsetting losses from the drop in the long position's value.Moving together with DONGKUK Stock
Moving against DONGKUK Stock
The ability to find closely correlated positions to DONGKUK TED could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace DONGKUK TED 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 DONGKUK TED - 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 DONGKUK TED METAL to buy it.
The correlation of DONGKUK TED 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 DONGKUK TED moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if DONGKUK TED METAL 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 DONGKUK TED 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.