DIO (Korea) Market Value
| 039840 Stock | KRW 16,220 170.00 1.06% |
| Symbol | DIO |
DIO '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 DIO'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 DIO.
| 09/12/2024 |
| 12/11/2024 |
If you would invest 0.00 in DIO on September 12, 2024 and sell it all today you would earn a total of 0.00 from holding DIO Corporation or generate 0.0% return on investment in DIO over 90 days. DIO is related to or competes with InBody CoLtd, Value Added, and Vieworks. DIO Corporation manufactures and sells dental implants in South Korea More
DIO 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 DIO'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 DIO Corporation upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.11 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 9.01 | |||
| Value At Risk | (3.68) | |||
| Potential Upside | 3.02 |
DIO Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for DIO's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as DIO's standard deviation. In reality, there are many statistical measures that can use DIO historical prices to predict the future DIO's volatility.| Risk Adjusted Performance | 0.0072 | |||
| Jensen Alpha | 0.0216 | |||
| Total Risk Alpha | (0.31) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 0.0294 |
DIO Corporation Backtested Returns
At this point, DIO is very steady. DIO Corporation secures Sharpe Ratio (or Efficiency) of 0.0013, which denotes the company had a 0.0013% return per unit of risk over the last 3 months. We have found thirty technical indicators for DIO Corporation, which you can use to evaluate the volatility of the firm. Please confirm DIO's Mean Deviation of 1.46, downside deviation of 2.11, and Semi Deviation of 1.96 to check if the risk estimate we provide is consistent with the expected return of 0.0025%. The firm shows a Beta (market volatility) of -0.25, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning DIO are expected to decrease at a much lower rate. During the bear market, DIO is likely to outperform the market. DIO Corporation now shows a risk of 1.92%. Please confirm DIO Corporation standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if DIO Corporation will be following its price patterns.
Auto-correlation | 0.24 |
Weak predictability
DIO Corporation has weak predictability. Overlapping area represents the amount of predictability between DIO time series from 12th of September 2024 to 27th of October 2024 and 27th of October 2024 to 11th 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 DIO Corporation price movement. The serial correlation of 0.24 indicates that over 24.0% of current DIO price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.24 | |
| Spearman Rank Test | -0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 175.6 K |
DIO Corporation lagged returns against current returns
Autocorrelation, which is DIO 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 DIO's stock expected returns. We can calculate the autocorrelation of DIO returns to help us make a trade decision. For example, suppose you find that DIO 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 |
DIO 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 DIO stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if DIO stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in DIO stock over time.
Current vs Lagged Prices |
| Timeline |
DIO Lagged Returns
When evaluating DIO's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of DIO stock have on its future price. DIO 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, DIO autocorrelation shows the relationship between DIO stock current value and its past values and can show if there is a momentum factor associated with investing in DIO Corporation.
Regressed Prices |
| Timeline |
Other Information on Investing in DIO Stock
DIO financial ratios help investors to determine whether DIO 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 DIO with respect to the benefits of owning DIO security.