DAEA TI (Korea) Market Value
| 045390 Stock | KRW 2,820 20.00 0.71% |
| Symbol | DAEA |
DAEA TI '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 DAEA TI'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 DAEA TI.
| 05/07/2023 |
| 11/27/2024 |
If you would invest 0.00 in DAEA TI on May 7, 2023 and sell it all today you would earn a total of 0.00 from holding DAEA TI Co or generate 0.0% return on investment in DAEA TI over 570 days. DAEA TI is related to or competes with Korea Real, Korea Ratings, IQuest, and Wonbang Tech. DAEA TI Co., Ltd. designs, manufactures, constructs, tests, commissions, and maintains railway signaling and communicati... More
DAEA TI 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 DAEA TI'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 DAEA TI Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 12.71 | |||
| Value At Risk | (3.26) | |||
| Potential Upside | 3.24 |
DAEA TI Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for DAEA TI's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as DAEA TI's standard deviation. In reality, there are many statistical measures that can use DAEA TI historical prices to predict the future DAEA TI's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.42) | |||
| Treynor Ratio | (0.08) |
DAEA TI Backtested Returns
At this point, DAEA TI is very steady. DAEA TI secures Sharpe Ratio (or Efficiency) of 0.0448, which denotes the company had a 0.0448% return per unit of risk over the last 3 months. We have found twenty-three technical indicators for DAEA TI Co, which you can use to evaluate the volatility of the entity. Please confirm DAEA TI's Standard Deviation of 2.32, variance of 5.4, and Mean Deviation of 1.76 to check if the risk estimate we provide is consistent with the expected return of 0.1%. DAEA TI has a performance score of 3 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.68, which means possible diversification benefits within a given portfolio. As returns on the market increase, DAEA TI's returns are expected to increase less than the market. However, during the bear market, the loss of holding DAEA TI is expected to be smaller as well. DAEA TI at this moment shows a risk of 2.34%. Please confirm DAEA TI mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if DAEA TI will be following its price patterns.
Auto-correlation | -0.46 |
Modest reverse predictability
DAEA TI Co has modest reverse predictability. Overlapping area represents the amount of predictability between DAEA TI time series from 7th of May 2023 to 16th of February 2024 and 16th of February 2024 to 27th 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 DAEA TI price movement. The serial correlation of -0.46 indicates that about 46.0% of current DAEA TI price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.46 | |
| Spearman Rank Test | -0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 48.8 K |
DAEA TI lagged returns against current returns
Autocorrelation, which is DAEA TI 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 DAEA TI's stock expected returns. We can calculate the autocorrelation of DAEA TI returns to help us make a trade decision. For example, suppose you find that DAEA TI 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 |
DAEA TI 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 DAEA TI stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if DAEA TI stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in DAEA TI stock over time.
Current vs Lagged Prices |
| Timeline |
DAEA TI Lagged Returns
When evaluating DAEA TI's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of DAEA TI stock have on its future price. DAEA TI 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, DAEA TI autocorrelation shows the relationship between DAEA TI stock current value and its past values and can show if there is a momentum factor associated with investing in DAEA TI Co.
Regressed Prices |
| Timeline |
Pair Trading with DAEA TI
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 DAEA TI 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 DAEA TI will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to DAEA TI could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace DAEA TI 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 DAEA TI - 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 DAEA TI Co to buy it.
The correlation of DAEA TI 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 DAEA TI moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if DAEA TI 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 DAEA TI 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 DAEA Stock
DAEA TI financial ratios help investors to determine whether DAEA 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 DAEA with respect to the benefits of owning DAEA TI security.