Daejoo (Korea) Market Value
| 003310 Stock | KRW 1,372 1.00 0.07% |
| Symbol | Daejoo |
Daejoo '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 Daejoo'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 Daejoo.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Daejoo on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Daejoo Inc or generate 0.0% return on investment in Daejoo over 30 days. Daejoo is related to or competes with Digital Multimedia, Innowireless, Barunson Entertainment, FNC Entertainment, Tamul Multimedia, and Pan Entertainment. The company offers feed products for pigs, chickens, dogs, and cats More
Daejoo 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 Daejoo'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 Daejoo Inc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 14.29 | |||
| Value At Risk | (2.47) | |||
| Potential Upside | 1.66 |
Daejoo Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Daejoo's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Daejoo's standard deviation. In reality, there are many statistical measures that can use Daejoo historical prices to predict the future Daejoo's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.1) | |||
| Total Risk Alpha | (0.37) | |||
| Treynor Ratio | 2.47 |
Daejoo Inc Backtested Returns
Daejoo Inc secures Sharpe Ratio (or Efficiency) of -0.0183, which denotes the company had a -0.0183% return per unit of standard deviation over the last 3 months. Daejoo Inc exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Daejoo's Mean Deviation of 1.04, coefficient of variation of (1,937), and Standard Deviation of 1.78 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0414, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Daejoo are expected to decrease at a much lower rate. During the bear market, Daejoo is likely to outperform the market. At this point, Daejoo Inc has a negative expected return of -0.0341%. Please make sure to confirm Daejoo's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Daejoo Inc performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.06 |
Very weak reverse predictability
Daejoo Inc has very weak reverse predictability. Overlapping area represents the amount of predictability between Daejoo time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 Daejoo Inc price movement. The serial correlation of -0.06 indicates that barely 6.0% of current Daejoo price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.06 | |
| Spearman Rank Test | -0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 436.41 |
Daejoo Inc lagged returns against current returns
Autocorrelation, which is Daejoo 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 Daejoo's stock expected returns. We can calculate the autocorrelation of Daejoo returns to help us make a trade decision. For example, suppose you find that Daejoo 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 |
Daejoo 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 Daejoo stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Daejoo stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Daejoo stock over time.
Current vs Lagged Prices |
| Timeline |
Daejoo Lagged Returns
When evaluating Daejoo's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Daejoo stock have on its future price. Daejoo 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, Daejoo autocorrelation shows the relationship between Daejoo stock current value and its past values and can show if there is a momentum factor associated with investing in Daejoo Inc.
Regressed Prices |
| Timeline |
Pair Trading with Daejoo
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 Daejoo 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 Daejoo will appreciate offsetting losses from the drop in the long position's value.Moving against Daejoo Stock
The ability to find closely correlated positions to Daejoo could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Daejoo 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 Daejoo - 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 Daejoo Inc to buy it.
The correlation of Daejoo 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 Daejoo moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Daejoo Inc 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 Daejoo 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 Daejoo Stock
Daejoo financial ratios help investors to determine whether Daejoo 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 Daejoo with respect to the benefits of owning Daejoo security.