Dongwha Enterprise (Korea) Market Value
| 025900 Stock | KRW 9,000 420.00 4.46% |
| Symbol | Dongwha |
Dongwha Enterprise '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 Dongwha Enterprise'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 Dongwha Enterprise.
| 05/06/2024 |
| 12/02/2024 |
If you would invest 0.00 in Dongwha Enterprise on May 6, 2024 and sell it all today you would earn a total of 0.00 from holding Dongwha Enterprise CoLtd or generate 0.0% return on investment in Dongwha Enterprise over 210 days. Dongwha Enterprise is related to or competes with Ananti, InBody CoLtd, Dongsin Engineering, and LF. The company offers wood panels, such as particle boards, medium density fiberboards, and melamine faced boards and chemi... More
Dongwha Enterprise 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 Dongwha Enterprise'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 Dongwha Enterprise CoLtd upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 19.53 | |||
| Value At Risk | (5.52) | |||
| Potential Upside | 7.75 |
Dongwha Enterprise Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dongwha Enterprise's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dongwha Enterprise's standard deviation. In reality, there are many statistical measures that can use Dongwha Enterprise historical prices to predict the future Dongwha Enterprise's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.31) | |||
| Total Risk Alpha | (1.04) | |||
| Treynor Ratio | 0.9252 |
Dongwha Enterprise CoLtd Backtested Returns
Dongwha Enterprise CoLtd secures Sharpe Ratio (or Efficiency) of -0.11, which denotes the company had a -0.11% return per unit of risk over the last 3 months. Dongwha Enterprise CoLtd exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Dongwha Enterprise's Variance of 16.53, mean deviation of 2.87, and Standard Deviation of 4.07 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.39, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Dongwha Enterprise are expected to decrease at a much lower rate. During the bear market, Dongwha Enterprise is likely to outperform the market. At this point, Dongwha Enterprise CoLtd has a negative expected return of -0.45%. Please make sure to confirm Dongwha Enterprise's jensen alpha, treynor ratio, and the relationship between the standard deviation and total risk alpha , to decide if Dongwha Enterprise CoLtd performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.63 |
Good predictability
Dongwha Enterprise CoLtd has good predictability. Overlapping area represents the amount of predictability between Dongwha Enterprise time series from 6th of May 2024 to 19th of August 2024 and 19th of August 2024 to 2nd of December 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 Dongwha Enterprise CoLtd price movement. The serial correlation of 0.63 indicates that roughly 63.0% of current Dongwha Enterprise price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.63 | |
| Spearman Rank Test | 0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 1.9 M |
Dongwha Enterprise CoLtd lagged returns against current returns
Autocorrelation, which is Dongwha Enterprise 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 Dongwha Enterprise's stock expected returns. We can calculate the autocorrelation of Dongwha Enterprise returns to help us make a trade decision. For example, suppose you find that Dongwha Enterprise 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 |
Dongwha Enterprise 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 Dongwha Enterprise stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dongwha Enterprise stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dongwha Enterprise stock over time.
Current vs Lagged Prices |
| Timeline |
Dongwha Enterprise Lagged Returns
When evaluating Dongwha Enterprise's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dongwha Enterprise stock have on its future price. Dongwha Enterprise 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, Dongwha Enterprise autocorrelation shows the relationship between Dongwha Enterprise stock current value and its past values and can show if there is a momentum factor associated with investing in Dongwha Enterprise CoLtd.
Regressed Prices |
| Timeline |
Pair Trading with Dongwha Enterprise
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 Dongwha Enterprise 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 Dongwha Enterprise will appreciate offsetting losses from the drop in the long position's value.Moving together with Dongwha Stock
| 0.94 | 051910 | LG Chemicals | PairCorr |
| 0.92 | 005490 | POSCO Holdings | PairCorr |
| 0.83 | 009830 | Hanwha Solutions | PairCorr |
| 0.77 | 011170 | Lotte Chemical Corp | PairCorr |
| 0.93 | 004020 | Hyundai Steel | PairCorr |
Moving against Dongwha Stock
| 0.61 | 032830 | Samsung Life | PairCorr |
| 0.59 | 001430 | SeAH Bestee | PairCorr |
| 0.43 | 105560 | KB Financial Group | PairCorr |
| 0.34 | 316140 | Woori Financial Group | PairCorr |
The ability to find closely correlated positions to Dongwha Enterprise could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dongwha Enterprise 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 Dongwha Enterprise - 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 Dongwha Enterprise CoLtd to buy it.
The correlation of Dongwha Enterprise 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 Dongwha Enterprise moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dongwha Enterprise CoLtd 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 Dongwha Enterprise 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 Dongwha Stock
Dongwha Enterprise financial ratios help investors to determine whether Dongwha 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 Dongwha with respect to the benefits of owning Dongwha Enterprise security.