Dongwon System (Korea) Market Value
| 014820 Stock | 45,500 1,900 4.01% |
| Symbol | Dongwon |
Dongwon System '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 System'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 System.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in Dongwon System on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding Dongwon System or generate 0.0% return on investment in Dongwon System over 180 days. Dongwon System is related to or competes with LG Chemicals, POSCO Holdings, Hanwha Solutions, Hyundai Steel, Ecopro, Seah Steel, and SeAH Bestee. More
Dongwon System 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 System'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 System upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.02 | |||
| Information Ratio | 0.0084 | |||
| Maximum Drawdown | 18.03 | |||
| Value At Risk | (4.25) | |||
| Potential Upside | 5.37 |
Dongwon System Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dongwon System's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dongwon System's standard deviation. In reality, there are many statistical measures that can use Dongwon System historical prices to predict the future Dongwon System's volatility.| Risk Adjusted Performance | 0.0483 | |||
| Jensen Alpha | 0.2496 | |||
| Total Risk Alpha | (0.36) | |||
| Sortino Ratio | 0.0086 | |||
| Treynor Ratio | (0.20) |
Dongwon System Backtested Returns
At this point, Dongwon System is very steady. Dongwon System secures Sharpe Ratio (or Efficiency) of 0.0457, which denotes the company had a 0.0457% return per unit of risk over the last 3 months. We have found thirty technical indicators for Dongwon System, which you can use to evaluate the volatility of the firm. Please confirm Dongwon System's Downside Deviation of 3.02, mean deviation of 2.24, and Coefficient Of Variation of 1875.96 to check if the risk estimate we provide is consistent with the expected return of 0.14%. Dongwon System has a performance score of 3 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.75, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Dongwon System are expected to decrease at a much lower rate. During the bear market, Dongwon System is likely to outperform the market. Dongwon System right now shows a risk of 3.17%. Please confirm Dongwon System semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and standard deviation , to decide if Dongwon System will be following its price patterns.
Auto-correlation | -0.27 |
Weak reverse predictability
Dongwon System has weak reverse predictability. Overlapping area represents the amount of predictability between Dongwon System time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th 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 Dongwon System price movement. The serial correlation of -0.27 indicates that nearly 27.0% of current Dongwon System price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.27 | |
| Spearman Rank Test | -0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 14.9 M |
Dongwon System lagged returns against current returns
Autocorrelation, which is Dongwon System 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 System's stock expected returns. We can calculate the autocorrelation of Dongwon System returns to help us make a trade decision. For example, suppose you find that Dongwon System 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 System 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 System stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dongwon System stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dongwon System stock over time.
Current vs Lagged Prices |
| Timeline |
Dongwon System Lagged Returns
When evaluating Dongwon System's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dongwon System stock have on its future price. Dongwon System 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 System autocorrelation shows the relationship between Dongwon System stock current value and its past values and can show if there is a momentum factor associated with investing in Dongwon System.
Regressed Prices |
| Timeline |
Pair Trading with Dongwon System
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 System 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 System will appreciate offsetting losses from the drop in the long position's value.Moving against Dongwon Stock
The ability to find closely correlated positions to Dongwon System 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 System 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 System - 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 System to buy it.
The correlation of Dongwon System 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 System moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dongwon System 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 System 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 System 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 System security.