Daekyung Machinery (Korea) Market Value
| 015590 Stock | 491.00 34.00 6.48% |
| Symbol | Daekyung |
Daekyung Machinery '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 Daekyung Machinery'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 Daekyung Machinery.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in Daekyung Machinery on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding Daekyung Machinery Engineering or generate 0.0% return on investment in Daekyung Machinery over 510 days. Daekyung Machinery is related to or competes with AptaBio Therapeutics, Daewoo SBI, Dream Security, Microfriend, Innometry, and Jahwa Electron. More
Daekyung Machinery 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 Daekyung Machinery'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 Daekyung Machinery Engineering upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.99 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 16.54 | |||
| Value At Risk | (5.24) | |||
| Potential Upside | 4.45 |
Daekyung Machinery Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Daekyung Machinery's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Daekyung Machinery's standard deviation. In reality, there are many statistical measures that can use Daekyung Machinery historical prices to predict the future Daekyung Machinery's volatility.| Risk Adjusted Performance | 0.012 | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.47) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.0105 |
Daekyung Machinery Backtested Returns
At this point, Daekyung Machinery is very steady. Daekyung Machinery secures Sharpe Ratio (or Efficiency) of 0.0379, which denotes the company had a 0.0379% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Daekyung Machinery Engineering, which you can use to evaluate the volatility of the firm. Please confirm Daekyung Machinery's Semi Deviation of 2.85, mean deviation of 2.17, and Downside Deviation of 2.99 to check if the risk estimate we provide is consistent with the expected return of 0.12%. Daekyung Machinery has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.76, which means possible diversification benefits within a given portfolio. As returns on the market increase, Daekyung Machinery's returns are expected to increase less than the market. However, during the bear market, the loss of holding Daekyung Machinery is expected to be smaller as well. Daekyung Machinery right now shows a risk of 3.21%. Please confirm Daekyung Machinery mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to decide if Daekyung Machinery will be following its price patterns.
Auto-correlation | 0.03 |
Virtually no predictability
Daekyung Machinery Engineering has virtually no predictability. Overlapping area represents the amount of predictability between Daekyung Machinery time series from 5th of July 2023 to 16th of March 2024 and 16th of March 2024 to 26th 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 Daekyung Machinery price movement. The serial correlation of 0.03 indicates that only 3.0% of current Daekyung Machinery price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.03 | |
| Spearman Rank Test | -0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 6114.29 |
Daekyung Machinery lagged returns against current returns
Autocorrelation, which is Daekyung Machinery 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 Daekyung Machinery's stock expected returns. We can calculate the autocorrelation of Daekyung Machinery returns to help us make a trade decision. For example, suppose you find that Daekyung Machinery 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 |
Daekyung Machinery 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 Daekyung Machinery stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Daekyung Machinery stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Daekyung Machinery stock over time.
Current vs Lagged Prices |
| Timeline |
Daekyung Machinery Lagged Returns
When evaluating Daekyung Machinery's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Daekyung Machinery stock have on its future price. Daekyung Machinery 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, Daekyung Machinery autocorrelation shows the relationship between Daekyung Machinery stock current value and its past values and can show if there is a momentum factor associated with investing in Daekyung Machinery Engineering.
Regressed Prices |
| Timeline |
Pair Trading with Daekyung Machinery
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 Daekyung Machinery 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 Daekyung Machinery will appreciate offsetting losses from the drop in the long position's value.Moving against Daekyung Stock
| 0.55 | 293780 | AptaBio Therapeutics | PairCorr |
| 0.49 | 053080 | Wonbang Tech | PairCorr |
| 0.46 | 302430 | Innometry | PairCorr |
| 0.37 | 147760 | Microfriend | PairCorr |
| 0.33 | 203650 | Dream Security co | PairCorr |
The ability to find closely correlated positions to Daekyung Machinery could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Daekyung Machinery 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 Daekyung Machinery - 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 Daekyung Machinery Engineering to buy it.
The correlation of Daekyung Machinery 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 Daekyung Machinery moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Daekyung Machinery 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 Daekyung Machinery 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 Daekyung Stock
Daekyung Machinery financial ratios help investors to determine whether Daekyung 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 Daekyung with respect to the benefits of owning Daekyung Machinery security.