Daou Tech (Korea) Market Value
| 023590 Stock | 18,350 70.00 0.38% |
| Symbol | Daou |
Daou Tech '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 Daou Tech'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 Daou Tech.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Daou Tech on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Daou Tech or generate 0.0% return on investment in Daou Tech over 30 days. Daou Tech is related to or competes with Cube Entertainment, Dreamus, LG Energy, Dongwon System, Lotte Non, Namhwa Industrial, and Hyundai Heavy. More
Daou Tech 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 Daou Tech'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 Daou Tech upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8498 | |||
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 3.8 | |||
| Value At Risk | (1.29) | |||
| Potential Upside | 1.17 |
Daou Tech Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Daou Tech's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Daou Tech's standard deviation. In reality, there are many statistical measures that can use Daou Tech historical prices to predict the future Daou Tech's volatility.| Risk Adjusted Performance | 0.012 | |||
| Jensen Alpha | 0.0056 | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | (0.13) | |||
| Treynor Ratio | (0.06) |
Daou Tech Backtested Returns
At this point, Daou Tech is very steady. Daou Tech secures Sharpe Ratio (or Efficiency) of 0.0388, which denotes the company had a 0.0388% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Daou Tech, which you can use to evaluate the volatility of the firm. Please confirm Daou Tech's Mean Deviation of 0.5435, coefficient of variation of 6337.81, and Downside Deviation of 0.8498 to check if the risk estimate we provide is consistent with the expected return of 0.0305%. Daou Tech has a performance score of 3 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.0314, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Daou Tech are expected to decrease at a much lower rate. During the bear market, Daou Tech is likely to outperform the market. Daou Tech right now shows a risk of 0.79%. Please confirm Daou Tech downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Daou Tech will be following its price patterns.
Auto-correlation | -0.49 |
Modest reverse predictability
Daou Tech has modest reverse predictability. Overlapping area represents the amount of predictability between Daou Tech time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Daou Tech price movement. The serial correlation of -0.49 indicates that about 49.0% of current Daou Tech price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.49 | |
| Spearman Rank Test | -0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 81.5 K |
Daou Tech lagged returns against current returns
Autocorrelation, which is Daou Tech 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 Daou Tech's stock expected returns. We can calculate the autocorrelation of Daou Tech returns to help us make a trade decision. For example, suppose you find that Daou Tech 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 |
Daou Tech 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 Daou Tech stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Daou Tech stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Daou Tech stock over time.
Current vs Lagged Prices |
| Timeline |
Daou Tech Lagged Returns
When evaluating Daou Tech's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Daou Tech stock have on its future price. Daou Tech 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, Daou Tech autocorrelation shows the relationship between Daou Tech stock current value and its past values and can show if there is a momentum factor associated with investing in Daou Tech.
Regressed Prices |
| Timeline |
Pair Trading with Daou Tech
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 Daou Tech 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 Daou Tech will appreciate offsetting losses from the drop in the long position's value.Moving against Daou Stock
The ability to find closely correlated positions to Daou Tech could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Daou Tech 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 Daou Tech - 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 Daou Tech to buy it.
The correlation of Daou Tech 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 Daou Tech moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Daou Tech 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 Daou Tech 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 Daou Stock
Daou Tech financial ratios help investors to determine whether Daou 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 Daou with respect to the benefits of owning Daou Tech security.