Dongbang Transport (Korea) Market Value
| 004140 Stock | 2,275 10.00 0.44% |
| Symbol | Dongbang |
Dongbang Transport '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 Dongbang Transport'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 Dongbang Transport.
| 11/28/2023 |
| 11/22/2024 |
If you would invest 0.00 in Dongbang Transport on November 28, 2023 and sell it all today you would earn a total of 0.00 from holding Dongbang Transport Logistics or generate 0.0% return on investment in Dongbang Transport over 360 days. Dongbang Transport is related to or competes with AptaBio Therapeutics, Daewoo SBI, Dream Security, Microfriend, Innometry, and Jahwa Electron. More
Dongbang Transport 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 Dongbang Transport'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 Dongbang Transport Logistics upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 9.96 | |||
| Value At Risk | (4.36) | |||
| Potential Upside | 3.26 |
Dongbang Transport Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dongbang Transport's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dongbang Transport's standard deviation. In reality, there are many statistical measures that can use Dongbang Transport historical prices to predict the future Dongbang Transport's volatility.| Risk Adjusted Performance | (0.10) | |||
| Jensen Alpha | (0.31) | |||
| Total Risk Alpha | (0.62) | |||
| Treynor Ratio | 1.61 |
Dongbang Transport Backtested Returns
Dongbang Transport secures Sharpe Ratio (or Efficiency) of -0.17, which denotes the company had a -0.17% return per unit of risk over the last 3 months. Dongbang Transport Logistics exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Dongbang Transport's Mean Deviation of 1.73, variance of 5.1, and Standard Deviation of 2.26 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.2, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Dongbang Transport are expected to decrease at a much lower rate. During the bear market, Dongbang Transport is likely to outperform the market. At this point, Dongbang Transport has a negative expected return of -0.36%. Please make sure to confirm Dongbang Transport's jensen alpha, treynor ratio, and the relationship between the standard deviation and total risk alpha , to decide if Dongbang Transport performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.03 |
Very weak reverse predictability
Dongbang Transport Logistics has very weak reverse predictability. Overlapping area represents the amount of predictability between Dongbang Transport time series from 28th of November 2023 to 26th of May 2024 and 26th of May 2024 to 22nd 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 Dongbang Transport price movement. The serial correlation of -0.03 indicates that only 3.0% of current Dongbang Transport price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.03 | |
| Spearman Rank Test | -0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 115.6 K |
Dongbang Transport lagged returns against current returns
Autocorrelation, which is Dongbang Transport 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 Dongbang Transport's stock expected returns. We can calculate the autocorrelation of Dongbang Transport returns to help us make a trade decision. For example, suppose you find that Dongbang Transport 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 |
Dongbang Transport 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 Dongbang Transport stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dongbang Transport stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dongbang Transport stock over time.
Current vs Lagged Prices |
| Timeline |
Dongbang Transport Lagged Returns
When evaluating Dongbang Transport's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dongbang Transport stock have on its future price. Dongbang Transport 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, Dongbang Transport autocorrelation shows the relationship between Dongbang Transport stock current value and its past values and can show if there is a momentum factor associated with investing in Dongbang Transport Logistics.
Regressed Prices |
| Timeline |
Pair Trading with Dongbang Transport
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 Dongbang Transport 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 Dongbang Transport will appreciate offsetting losses from the drop in the long position's value.Moving together with Dongbang Stock
Moving against Dongbang Stock
The ability to find closely correlated positions to Dongbang Transport could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dongbang Transport 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 Dongbang Transport - 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 Dongbang Transport Logistics to buy it.
The correlation of Dongbang Transport 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 Dongbang Transport moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dongbang Transport 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 Dongbang Transport 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 Dongbang Stock
Dongbang Transport financial ratios help investors to determine whether Dongbang 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 Dongbang with respect to the benefits of owning Dongbang Transport security.