Daewoo Engineering (Korea) Market Value
| 047040 Stock | 3,625 20.00 0.55% |
| Symbol | Daewoo |
Daewoo Engineering '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 Daewoo Engineering'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 Daewoo Engineering.
| 11/29/2023 |
| 11/23/2024 |
If you would invest 0.00 in Daewoo Engineering on November 29, 2023 and sell it all today you would earn a total of 0.00 from holding Daewoo Engineering Construction or generate 0.0% return on investment in Daewoo Engineering over 360 days. Daewoo Engineering is related to or competes with Samsung Electronics, Samsung Electronics, Hyundai, Hyundai, Hyundai, KB Financial, and POSCO Holdings. More
Daewoo Engineering 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 Daewoo Engineering'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 Daewoo Engineering Construction upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 10.51 | |||
| Value At Risk | (3.02) | |||
| Potential Upside | 3.48 |
Daewoo Engineering Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Daewoo Engineering's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Daewoo Engineering's standard deviation. In reality, there are many statistical measures that can use Daewoo Engineering historical prices to predict the future Daewoo Engineering's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | (0.44) | |||
| Treynor Ratio | (0.32) |
Daewoo Engineering Backtested Returns
Daewoo Engineering secures Sharpe Ratio (or Efficiency) of -0.13, which denotes the company had a -0.13% return per unit of standard deviation over the last 3 months. Daewoo Engineering Construction exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Daewoo Engineering's Standard Deviation of 1.94, mean deviation of 1.33, and Coefficient Of Variation of (1,572) to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.42, which means possible diversification benefits within a given portfolio. As returns on the market increase, Daewoo Engineering's returns are expected to increase less than the market. However, during the bear market, the loss of holding Daewoo Engineering is expected to be smaller as well. At this point, Daewoo Engineering has a negative expected return of -0.25%. Please make sure to confirm Daewoo Engineering's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Daewoo Engineering performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.12 |
Insignificant reverse predictability
Daewoo Engineering Construction has insignificant reverse predictability. Overlapping area represents the amount of predictability between Daewoo Engineering time series from 29th of November 2023 to 27th of May 2024 and 27th of May 2024 to 23rd 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 Daewoo Engineering price movement. The serial correlation of -0.12 indicates that less than 12.0% of current Daewoo Engineering price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.12 | |
| Spearman Rank Test | 0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 38.2 K |
Daewoo Engineering lagged returns against current returns
Autocorrelation, which is Daewoo Engineering 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 Daewoo Engineering's stock expected returns. We can calculate the autocorrelation of Daewoo Engineering returns to help us make a trade decision. For example, suppose you find that Daewoo Engineering 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 |
Daewoo Engineering 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 Daewoo Engineering stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Daewoo Engineering stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Daewoo Engineering stock over time.
Current vs Lagged Prices |
| Timeline |
Daewoo Engineering Lagged Returns
When evaluating Daewoo Engineering's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Daewoo Engineering stock have on its future price. Daewoo Engineering 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, Daewoo Engineering autocorrelation shows the relationship between Daewoo Engineering stock current value and its past values and can show if there is a momentum factor associated with investing in Daewoo Engineering Construction.
Regressed Prices |
| Timeline |
Pair Trading with Daewoo Engineering
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 Daewoo Engineering 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 Daewoo Engineering will appreciate offsetting losses from the drop in the long position's value.Moving together with Daewoo Stock
The ability to find closely correlated positions to Daewoo Engineering could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Daewoo Engineering 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 Daewoo Engineering - 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 Daewoo Engineering Construction to buy it.
The correlation of Daewoo Engineering 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 Daewoo Engineering moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Daewoo Engineering 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 Daewoo Engineering 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 Daewoo Stock
Daewoo Engineering financial ratios help investors to determine whether Daewoo 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 Daewoo with respect to the benefits of owning Daewoo Engineering security.