DB HiTek (Korea) Market Value

000990 Stock   33,100  1,400  4.42%   
DB HiTek's market value is the price at which a share of DB HiTek trades on a public exchange. It measures the collective expectations of DB HiTek Co investors about its performance. DB HiTek is trading at 33100.00 as of the 11th of December 2024, a 4.42 percent increase since the beginning of the trading day. The stock's open price was 31700.0.
With this module, you can estimate the performance of a buy and hold strategy of DB HiTek Co and determine expected loss or profit from investing in DB HiTek over a given investment horizon. Check out DB HiTek Correlation, DB HiTek Volatility and DB HiTek Alpha and Beta module to complement your research on DB HiTek.
Symbol

Please note, there is a significant difference between DB HiTek's value and its price as these two are different measures arrived at by different means. Investors typically determine if DB HiTek is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, DB HiTek's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

DB HiTek '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 DB HiTek'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 DB HiTek.
0.00
12/17/2023
No Change 0.00  0.0 
In 11 months and 27 days
12/11/2024
0.00
If you would invest  0.00  in DB HiTek on December 17, 2023 and sell it all today you would earn a total of 0.00 from holding DB HiTek Co or generate 0.0% return on investment in DB HiTek over 360 days. DB HiTek is related to or competes with CJ Seafood, Hankukpackage, CJ Seafood, Shinsegae Food, Kakao Games, Foodnamoo, and LG Display. More

DB HiTek 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 DB HiTek'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 DB HiTek Co upside and downside potential and time the market with a certain degree of confidence.

DB HiTek Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for DB HiTek's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as DB HiTek's standard deviation. In reality, there are many statistical measures that can use DB HiTek historical prices to predict the future DB HiTek's volatility.
Hype
Prediction
LowEstimatedHigh
31,69731,70031,703
Details
Intrinsic
Valuation
LowRealHigh
28,14728,15034,870
Details
Naive
Forecast
LowNextHigh
30,58330,58630,590
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
28,46730,95033,433
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as DB HiTek. Your research has to be compared to or analyzed against DB HiTek's peers to derive any actionable benefits. When done correctly, DB HiTek's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in DB HiTek.

DB HiTek Backtested Returns

DB HiTek retains Efficiency (Sharpe Ratio) of -0.0375, which denotes the company had a -0.0375% return per unit of price deviation over the last 3 months. DB HiTek exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm DB HiTek's Standard Deviation of 3.13, information ratio of (0.14), and Market Risk Adjusted Performance of (19.43) to check the risk estimate we provide. The firm owns a Beta (Systematic Risk) of 0.0171, which means not very significant fluctuations relative to the market. As returns on the market increase, DB HiTek's returns are expected to increase less than the market. However, during the bear market, the loss of holding DB HiTek is expected to be smaller as well. At this point, DB HiTek has a negative expected return of -0.12%. Please make sure to confirm DB HiTek's market risk adjusted performance, coefficient of variation, jensen alpha, as well as the relationship between the mean deviation and standard deviation , to decide if DB HiTek performance from the past will be repeated sooner or later.

Auto-correlation

    
  0.79  

Good predictability

DB HiTek Co has good predictability. Overlapping area represents the amount of predictability between DB HiTek time series from 17th of December 2023 to 14th of June 2024 and 14th of June 2024 to 11th 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 DB HiTek price movement. The serial correlation of 0.79 indicates that around 79.0% of current DB HiTek price fluctuation can be explain by its past prices.
Correlation Coefficient0.79
Spearman Rank Test0.83
Residual Average0.0
Price Variance47.8 M

DB HiTek lagged returns against current returns

Autocorrelation, which is DB HiTek 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 DB HiTek's stock expected returns. We can calculate the autocorrelation of DB HiTek returns to help us make a trade decision. For example, suppose you find that DB HiTek 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  

DB HiTek 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 DB HiTek stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if DB HiTek stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in DB HiTek stock over time.
   Current vs Lagged Prices   
       Timeline  

DB HiTek Lagged Returns

When evaluating DB HiTek's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of DB HiTek stock have on its future price. DB HiTek 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, DB HiTek autocorrelation shows the relationship between DB HiTek stock current value and its past values and can show if there is a momentum factor associated with investing in DB HiTek Co.
   Regressed Prices   
       Timeline  

Pair Trading with DB HiTek

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 DB HiTek 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 DB HiTek will appreciate offsetting losses from the drop in the long position's value.

Moving together with 000990 Stock

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The ability to find closely correlated positions to DB HiTek could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace DB HiTek 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 DB HiTek - 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 DB HiTek Co to buy it.
The correlation of DB HiTek 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 DB HiTek moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if DB HiTek 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 DB HiTek 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.
Pair CorrelationCorrelation Matching

Other Information on Investing in 000990 Stock

DB HiTek financial ratios help investors to determine whether 000990 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 000990 with respect to the benefits of owning DB HiTek security.