Daedong Steel (Korea) Price on April 5, 2023
048470 Stock | 3,345 175.00 4.97% |
If you're considering investing in Daedong Stock, it is important to understand the factors that can impact its price. As of today, the current price of Daedong Steel stands at 3,345, as last reported on the 23rd of November, with the highest price reaching 3,515 and the lowest price hitting 3,340 during the day. Daedong Steel secures Sharpe Ratio (or Efficiency) of -0.18, which denotes the company had a -0.18% return per unit of standard deviation over the last 3 months. Daedong Steel Co exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Daedong Steel's Mean Deviation of 1.5, standard deviation of 1.88, and Coefficient Of Variation of (596.04) to check the risk estimate we provide.
Daedong Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Daedong |
Sharpe Ratio = -0.1793
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Negative Returns | 048470 |
Estimated Market Risk
1.85 actual daily | 16 84% of assets are more volatile |
Expected Return
-0.33 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.18 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Daedong Steel is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Daedong Steel by adding Daedong Steel to a well-diversified portfolio.
Daedong Steel Valuation on April 5, 2023
It is possible to determine the worth of Daedong Steel on a given historical date. On April 5, 2023 Daedong was worth 4156.03 at the beginning of the trading date compared to the closed value of 4116.35. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Daedong Steel stock. Still, in general, we apply an absolute valuation method to find Daedong Steel's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Daedong Steel where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Daedong Steel's related companies.
Open | High | Low | Close | Volume | |
4,126 | 4,191 | 4,092 | 4,156 | 52,800 | |
04/05/2023 | 4,156 | 4,161 | 4,116 | 4,116 | 48,015 |
4,116 | 4,116 | 4,022 | 4,092 | 53,907 |
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Daedong Steel Trading Date Momentum on April 5, 2023
On April 06 2023 Daedong Steel Co was traded for 4,092 at the closing time. The highest price during the trading period was 4,116 and the lowest recorded bid was listed for 4,022 . The volume for the day was 53.9 K. This history from April 6, 2023 contributed to the next trading day price decline. The daily price change to the next closing price was 0.60% . The overall trading delta to the current price is 5.54% . |
Daedong Steel Fundamentals Correlations and Trends
By evaluating Daedong Steel's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Daedong Steel's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Daedong financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Daedong Steel Stock history
Daedong Steel investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Daedong is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Daedong Steel will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Daedong Steel stock prices may prove useful in developing a viable investing in Daedong Steel
Daedong Steel Stock Technical Analysis
Daedong Steel technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Daedong Steel Period Price Range
Low | November 23, 2024
| High |
0.00 | 0.00 |
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Daedong Steel November 23, 2024 Market Strength
Market strength indicators help investors to evaluate how Daedong Steel stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Daedong Steel shares will generate the highest return on investment. By undertsting and applying Daedong Steel stock market strength indicators, traders can identify Daedong Steel Co entry and exit signals to maximize returns
Daedong Steel Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Daedong Steel's price direction in advance. Along with the technical and fundamental analysis of Daedong Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Daedong to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
Risk Adjusted Performance | (0.12) | |||
Jensen Alpha | (0.33) | |||
Total Risk Alpha | (0.62) | |||
Treynor Ratio | (6.80) |
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Volume Indicators |
Complementary Tools for Daedong Stock analysis
When running Daedong Steel's price analysis, check to measure Daedong Steel's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Daedong Steel is operating at the current time. Most of Daedong Steel's value examination focuses on studying past and present price action to predict the probability of Daedong Steel's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Daedong Steel's price. Additionally, you may evaluate how the addition of Daedong Steel to your portfolios can decrease your overall portfolio volatility.
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