Daehan Synthetic (Korea) Market Value
| 003830 Stock | 116,500 200.00 0.17% |
| Symbol | Daehan |
Daehan Synthetic '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 Daehan Synthetic'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 Daehan Synthetic.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Daehan Synthetic on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Daehan Synthetic Fiber or generate 0.0% return on investment in Daehan Synthetic over 30 days. Daehan Synthetic is related to or competes with AptaBio Therapeutics, Daewoo SBI, Dream Security, Microfriend, Innometry, and Jahwa Electron. More
Daehan Synthetic 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 Daehan Synthetic'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 Daehan Synthetic Fiber upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.03 | |||
| Information Ratio | 0.0465 | |||
| Maximum Drawdown | 10.13 | |||
| Value At Risk | (1.37) | |||
| Potential Upside | 1.97 |
Daehan Synthetic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Daehan Synthetic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Daehan Synthetic's standard deviation. In reality, there are many statistical measures that can use Daehan Synthetic historical prices to predict the future Daehan Synthetic's volatility.| Risk Adjusted Performance | 0.1146 | |||
| Jensen Alpha | 0.1918 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | 0.06 | |||
| Treynor Ratio | (2.34) |
Daehan Synthetic Fiber Backtested Returns
Daehan Synthetic appears to be very steady, given 3 months investment horizon. Daehan Synthetic Fiber secures Sharpe Ratio (or Efficiency) of 0.2, which denotes the company had a 0.2% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for Daehan Synthetic Fiber, which you can use to evaluate the volatility of the firm. Please utilize Daehan Synthetic's Downside Deviation of 1.03, semi deviation of 0.6998, and Mean Deviation of 0.7639 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Daehan Synthetic holds a performance score of 15. The firm shows a Beta (market volatility) of -0.0778, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Daehan Synthetic are expected to decrease at a much lower rate. During the bear market, Daehan Synthetic is likely to outperform the market. Please check Daehan Synthetic's downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Daehan Synthetic's price patterns will revert.
Auto-correlation | -0.06 |
Very weak reverse predictability
Daehan Synthetic Fiber has very weak reverse predictability. Overlapping area represents the amount of predictability between Daehan Synthetic time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Daehan Synthetic Fiber price movement. The serial correlation of -0.06 indicates that barely 6.0% of current Daehan Synthetic price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.06 | |
| Spearman Rank Test | -0.44 | |
| Residual Average | 0.0 | |
| Price Variance | 952.4 K |
Daehan Synthetic Fiber lagged returns against current returns
Autocorrelation, which is Daehan Synthetic 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 Daehan Synthetic's stock expected returns. We can calculate the autocorrelation of Daehan Synthetic returns to help us make a trade decision. For example, suppose you find that Daehan Synthetic 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 |
Daehan Synthetic 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 Daehan Synthetic stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Daehan Synthetic stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Daehan Synthetic stock over time.
Current vs Lagged Prices |
| Timeline |
Daehan Synthetic Lagged Returns
When evaluating Daehan Synthetic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Daehan Synthetic stock have on its future price. Daehan Synthetic 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, Daehan Synthetic autocorrelation shows the relationship between Daehan Synthetic stock current value and its past values and can show if there is a momentum factor associated with investing in Daehan Synthetic Fiber.
Regressed Prices |
| Timeline |
Pair Trading with Daehan Synthetic
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 Daehan Synthetic 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 Daehan Synthetic will appreciate offsetting losses from the drop in the long position's value.Moving together with Daehan Stock
Moving against Daehan Stock
| 0.64 | 033240 | Jahwa Electron | PairCorr |
| 0.52 | 215480 | Daewoo SBI SPAC | PairCorr |
| 0.45 | 302430 | Innometry | PairCorr |
| 0.41 | 293780 | AptaBio Therapeutics | PairCorr |
| 0.32 | 053080 | Wonbang Tech | PairCorr |
The ability to find closely correlated positions to Daehan Synthetic could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Daehan Synthetic 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 Daehan Synthetic - 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 Daehan Synthetic Fiber to buy it.
The correlation of Daehan Synthetic 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 Daehan Synthetic moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Daehan Synthetic Fiber 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 Daehan Synthetic 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 Daehan Stock
Daehan Synthetic financial ratios help investors to determine whether Daehan 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 Daehan with respect to the benefits of owning Daehan Synthetic security.