DB HiTek (Korea) Market Value
| 000990 Stock | 33,100 1,400 4.42% |
| Symbol | 000990 |
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.
| 12/17/2023 |
| 12/11/2024 |
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.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 17.2 | |||
| Value At Risk | (4.49) | |||
| Potential Upside | 5.93 |
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.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.31) | |||
| Total Risk Alpha | (0.83) | |||
| Treynor Ratio | 1.66 |
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, market risk adjusted performance of 1.67, and Information Ratio of (0.14) to check the risk estimate we provide. The firm owns a Beta (Systematic Risk) of -0.2, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning DB HiTek are expected to decrease at a much lower rate. During the bear market, DB HiTek is likely to outperform the market. 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 Coefficient | 0.79 | |
| Spearman Rank Test | 0.83 | |
| Residual Average | 0.0 | |
| Price Variance | 47.8 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
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.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.