Dongsuh (Korea) Market Value
| 026960 Stock | 27,950 550.00 1.93% |
| Symbol | Dongsuh |
Dongsuh '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 Dongsuh'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 Dongsuh.
| 06/02/2024 |
| 11/29/2024 |
If you would invest 0.00 in Dongsuh on June 2, 2024 and sell it all today you would earn a total of 0.00 from holding Dongsuh or generate 0.0% return on investment in Dongsuh over 180 days. Dongsuh is related to or competes with MEDIANA CoLtd, Alton Sports, DC Media, Korea Alcohol, Next Entertainment, Sewoon Medical, and TJ Media. More
Dongsuh 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 Dongsuh'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 Dongsuh upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.88 | |||
| Information Ratio | 0.1188 | |||
| Maximum Drawdown | 46.94 | |||
| Value At Risk | (3.44) | |||
| Potential Upside | 9.81 |
Dongsuh Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dongsuh's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dongsuh's standard deviation. In reality, there are many statistical measures that can use Dongsuh historical prices to predict the future Dongsuh's volatility.| Risk Adjusted Performance | 0.1168 | |||
| Jensen Alpha | 0.9085 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | 0.1712 | |||
| Treynor Ratio | (0.70) |
Dongsuh Backtested Returns
Dongsuh appears to be very steady, given 3 months investment horizon. Dongsuh secures Sharpe Ratio (or Efficiency) of 0.15, which denotes the company had a 0.15% return per unit of risk over the last 3 months. By reviewing Dongsuh's technical indicators, you can evaluate if the expected return of 0.91% is justified by implied risk. Please utilize Dongsuh's Downside Deviation of 3.88, coefficient of variation of 708.2, and Mean Deviation of 3.04 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Dongsuh holds a performance score of 12. The firm shows a Beta (market volatility) of -1.11, which means a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning Dongsuh are expected to decrease slowly. On the other hand, during market turmoil, Dongsuh is expected to outperform it slightly. Please check Dongsuh's semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and standard deviation , to make a quick decision on whether Dongsuh's price patterns will revert.
Auto-correlation | -0.69 |
Very good reverse predictability
Dongsuh has very good reverse predictability. Overlapping area represents the amount of predictability between Dongsuh time series from 2nd of June 2024 to 31st of August 2024 and 31st of August 2024 to 29th 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 Dongsuh price movement. The serial correlation of -0.69 indicates that around 69.0% of current Dongsuh price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.69 | |
| Spearman Rank Test | -0.57 | |
| Residual Average | 0.0 | |
| Price Variance | 14.5 M |
Dongsuh lagged returns against current returns
Autocorrelation, which is Dongsuh 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 Dongsuh's stock expected returns. We can calculate the autocorrelation of Dongsuh returns to help us make a trade decision. For example, suppose you find that Dongsuh 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 |
Dongsuh 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 Dongsuh stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dongsuh stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dongsuh stock over time.
Current vs Lagged Prices |
| Timeline |
Dongsuh Lagged Returns
When evaluating Dongsuh's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dongsuh stock have on its future price. Dongsuh 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, Dongsuh autocorrelation shows the relationship between Dongsuh stock current value and its past values and can show if there is a momentum factor associated with investing in Dongsuh.
Regressed Prices |
| Timeline |
Pair Trading with Dongsuh
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 Dongsuh 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 Dongsuh will appreciate offsetting losses from the drop in the long position's value.Moving against Dongsuh Stock
| 0.84 | 298050 | Hyosung Advanced Mat | PairCorr |
| 0.8 | 006400 | Samsung SDI | PairCorr |
| 0.61 | 051900 | LG Household Healthcare | PairCorr |
| 0.58 | 051910 | LG Chemicals | PairCorr |
| 0.42 | 007310 | Ottogi | PairCorr |
The ability to find closely correlated positions to Dongsuh could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dongsuh 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 Dongsuh - 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 Dongsuh to buy it.
The correlation of Dongsuh 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 Dongsuh moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dongsuh 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 Dongsuh 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 Dongsuh Stock
Dongsuh financial ratios help investors to determine whether Dongsuh 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 Dongsuh with respect to the benefits of owning Dongsuh security.