Dongwon Ind (Korea) Market Value
| 006040 Stock | 35,050 50.00 0.14% |
| Symbol | Dongwon |
Dongwon Ind '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 Dongwon Ind'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 Dongwon Ind.
| 12/16/2024 |
| 01/15/2025 |
If you would invest 0.00 in Dongwon Ind on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Dongwon Ind or generate 0.0% return on investment in Dongwon Ind over 30 days. Dongwon Ind is related to or competes with Sewoon Medical, Wireless Power, LG Display, Asiana Airlines, Korea Information, Handok Clean, and Alton Sports. More
Dongwon Ind 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 Dongwon Ind'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 Dongwon Ind upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.94 | |||
| Information Ratio | 0.1516 | |||
| Maximum Drawdown | 8.75 | |||
| Value At Risk | (2.89) | |||
| Potential Upside | 3.62 |
Dongwon Ind Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dongwon Ind's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dongwon Ind's standard deviation. In reality, there are many statistical measures that can use Dongwon Ind historical prices to predict the future Dongwon Ind's volatility.| Risk Adjusted Performance | 0.1277 | |||
| Jensen Alpha | 0.2598 | |||
| Total Risk Alpha | 0.2957 | |||
| Sortino Ratio | 0.1429 | |||
| Treynor Ratio | (1.02) |
Dongwon Ind Backtested Returns
At this point, Dongwon Ind is very steady. Dongwon Ind secures Sharpe Ratio (or Efficiency) of 0.0963, which denotes the company had a 0.0963% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Dongwon Ind, which you can use to evaluate the volatility of the firm. Please confirm Dongwon Ind's Mean Deviation of 1.39, coefficient of variation of 670.24, and Downside Deviation of 1.94 to check if the risk estimate we provide is consistent with the expected return of 0.17%. Dongwon Ind has a performance score of 7 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.26, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Dongwon Ind are expected to decrease at a much lower rate. During the bear market, Dongwon Ind is likely to outperform the market. Dongwon Ind right now shows a risk of 1.81%. Please confirm Dongwon Ind coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to decide if Dongwon Ind will be following its price patterns.
Auto-correlation | -0.02 |
Very weak reverse predictability
Dongwon Ind has very weak reverse predictability. Overlapping area represents the amount of predictability between Dongwon Ind time series from 16th of December 2024 to 31st of December 2024 and 31st of December 2024 to 15th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Dongwon Ind price movement. The serial correlation of -0.02 indicates that only 2.0% of current Dongwon Ind price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.02 | |
| Spearman Rank Test | -0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 453 K |
Dongwon Ind lagged returns against current returns
Autocorrelation, which is Dongwon Ind 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 Dongwon Ind's stock expected returns. We can calculate the autocorrelation of Dongwon Ind returns to help us make a trade decision. For example, suppose you find that Dongwon Ind 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 |
Dongwon Ind 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 Dongwon Ind stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dongwon Ind stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dongwon Ind stock over time.
Current vs Lagged Prices |
| Timeline |
Dongwon Ind Lagged Returns
When evaluating Dongwon Ind's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dongwon Ind stock have on its future price. Dongwon Ind 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, Dongwon Ind autocorrelation shows the relationship between Dongwon Ind stock current value and its past values and can show if there is a momentum factor associated with investing in Dongwon Ind.
Regressed Prices |
| Timeline |
Pair Trading with Dongwon Ind
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 Dongwon Ind 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 Dongwon Ind will appreciate offsetting losses from the drop in the long position's value.Moving against Dongwon Stock
| 0.87 | 055550 | Shinhan Financial | PairCorr |
| 0.7 | 036460 | Korea Gas | PairCorr |
| 0.63 | 105560 | KB Financial Group | PairCorr |
| 0.6 | 005387 | Hyundai Motor Earnings Call Next Week | PairCorr |
| 0.56 | 316140 | Woori Financial Group | PairCorr |
The ability to find closely correlated positions to Dongwon Ind could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dongwon Ind 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 Dongwon Ind - 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 Dongwon Ind to buy it.
The correlation of Dongwon Ind 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 Dongwon Ind moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dongwon Ind 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 Dongwon Ind 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 Dongwon Stock
Dongwon Ind financial ratios help investors to determine whether Dongwon 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 Dongwon with respect to the benefits of owning Dongwon Ind security.