DIGITAL CHOSUN (Korea) Market Value
| 033130 Stock | KRW 1,817 54.00 2.89% |
| Symbol | DIGITAL |
DIGITAL CHOSUN '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 DIGITAL CHOSUN'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 DIGITAL CHOSUN.
| 11/18/2024 |
| 12/18/2024 |
If you would invest 0.00 in DIGITAL CHOSUN on November 18, 2024 and sell it all today you would earn a total of 0.00 from holding DIGITAL CHOSUN or generate 0.0% return on investment in DIGITAL CHOSUN over 30 days. DIGITAL CHOSUN is related to or competes with JYP Entertainment, Cube Entertainment, and FNC Entertainment. DIGITAL CHOSUN Inc. engages in the information processing, outdoor advertising, and Internet content businesses More
DIGITAL CHOSUN 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 DIGITAL CHOSUN'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 DIGITAL CHOSUN upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.57 | |||
| Information Ratio | 0.081 | |||
| Maximum Drawdown | 36.88 | |||
| Value At Risk | (4.29) | |||
| Potential Upside | 5.53 |
DIGITAL CHOSUN Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for DIGITAL CHOSUN's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as DIGITAL CHOSUN's standard deviation. In reality, there are many statistical measures that can use DIGITAL CHOSUN historical prices to predict the future DIGITAL CHOSUN's volatility.| Risk Adjusted Performance | 0.0786 | |||
| Jensen Alpha | 0.4766 | |||
| Total Risk Alpha | 0.0634 | |||
| Sortino Ratio | 0.0952 | |||
| Treynor Ratio | (0.29) |
DIGITAL CHOSUN Backtested Returns
DIGITAL CHOSUN appears to be very steady, given 3 months investment horizon. DIGITAL CHOSUN secures Sharpe Ratio (or Efficiency) of 0.091, which denotes the company had a 0.091% return per unit of return volatility over the last 3 months. We have found twenty-nine technical indicators for DIGITAL CHOSUN, which you can use to evaluate the volatility of the firm. Please utilize DIGITAL CHOSUN's mean deviation of 2.29, and Downside Deviation of 3.57 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, DIGITAL CHOSUN holds a performance score of 7. The firm shows a Beta (market volatility) of -1.36, which means a somewhat significant risk relative to the market. As returns on the market increase, returns on owning DIGITAL CHOSUN are expected to decrease by larger amounts. On the other hand, during market turmoil, DIGITAL CHOSUN is expected to outperform it. Please check DIGITAL CHOSUN's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether DIGITAL CHOSUN's price patterns will revert.
Auto-correlation | 0.08 |
Virtually no predictability
DIGITAL CHOSUN has virtually no predictability. Overlapping area represents the amount of predictability between DIGITAL CHOSUN time series from 18th of November 2024 to 3rd of December 2024 and 3rd of December 2024 to 18th 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 DIGITAL CHOSUN price movement. The serial correlation of 0.08 indicates that barely 8.0% of current DIGITAL CHOSUN price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.08 | |
| Spearman Rank Test | -0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 6159.45 |
DIGITAL CHOSUN lagged returns against current returns
Autocorrelation, which is DIGITAL CHOSUN 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 DIGITAL CHOSUN's stock expected returns. We can calculate the autocorrelation of DIGITAL CHOSUN returns to help us make a trade decision. For example, suppose you find that DIGITAL CHOSUN 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 |
DIGITAL CHOSUN 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 DIGITAL CHOSUN stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if DIGITAL CHOSUN stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in DIGITAL CHOSUN stock over time.
Current vs Lagged Prices |
| Timeline |
DIGITAL CHOSUN Lagged Returns
When evaluating DIGITAL CHOSUN's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of DIGITAL CHOSUN stock have on its future price. DIGITAL CHOSUN 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, DIGITAL CHOSUN autocorrelation shows the relationship between DIGITAL CHOSUN stock current value and its past values and can show if there is a momentum factor associated with investing in DIGITAL CHOSUN.
Regressed Prices |
| Timeline |
Pair Trading with DIGITAL CHOSUN
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 DIGITAL CHOSUN 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 DIGITAL CHOSUN will appreciate offsetting losses from the drop in the long position's value.Moving against DIGITAL Stock
The ability to find closely correlated positions to DIGITAL CHOSUN could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace DIGITAL CHOSUN 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 DIGITAL CHOSUN - 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 DIGITAL CHOSUN to buy it.
The correlation of DIGITAL CHOSUN 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 DIGITAL CHOSUN moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if DIGITAL CHOSUN 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 DIGITAL CHOSUN 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 DIGITAL Stock
DIGITAL CHOSUN financial ratios help investors to determine whether DIGITAL 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 DIGITAL with respect to the benefits of owning DIGITAL CHOSUN security.