Dong A (Korea) Market Value
| 058730 Stock | 3,535 10.00 0.28% |
| Symbol | Dong |
Dong A '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 Dong A'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 Dong A.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Dong A on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Dong A Steel Technology or generate 0.0% return on investment in Dong A over 30 days. Dong A is related to or competes with AptaBio Therapeutics, Daewoo SBI, Dream Security, Microfriend, Innometry, and Jahwa Electron. More
Dong A 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 Dong A'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 Dong A Steel Technology upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.76 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 18.43 | |||
| Value At Risk | (4.19) | |||
| Potential Upside | 5.8 |
Dong A Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dong A's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dong A's standard deviation. In reality, there are many statistical measures that can use Dong A historical prices to predict the future Dong A's volatility.| Risk Adjusted Performance | 0.0271 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.42) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.0994 |
Dong A Steel Backtested Returns
At this point, Dong A is very steady. Dong A Steel secures Sharpe Ratio (or Efficiency) of 0.0517, which denotes the company had a 0.0517% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Dong A Steel Technology, which you can use to evaluate the volatility of the firm. Please confirm Dong A's Coefficient Of Variation of 3919.38, mean deviation of 2.29, and Downside Deviation of 2.76 to check if the risk estimate we provide is consistent with the expected return of 0.16%. Dong A has a performance score of 4 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.7, which means possible diversification benefits within a given portfolio. As returns on the market increase, Dong A's returns are expected to increase less than the market. However, during the bear market, the loss of holding Dong A is expected to be smaller as well. Dong A Steel right now shows a risk of 3.11%. Please confirm Dong A Steel coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to decide if Dong A Steel will be following its price patterns.
Auto-correlation | -0.37 |
Poor reverse predictability
Dong A Steel Technology has poor reverse predictability. Overlapping area represents the amount of predictability between Dong A time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Dong A Steel price movement. The serial correlation of -0.37 indicates that just about 37.0% of current Dong A price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.37 | |
| Spearman Rank Test | -0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 9692.98 |
Dong A Steel lagged returns against current returns
Autocorrelation, which is Dong A 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 Dong A's stock expected returns. We can calculate the autocorrelation of Dong A returns to help us make a trade decision. For example, suppose you find that Dong A 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 |
Dong A 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 Dong A stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dong A stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dong A stock over time.
Current vs Lagged Prices |
| Timeline |
Dong A Lagged Returns
When evaluating Dong A's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dong A stock have on its future price. Dong A 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, Dong A autocorrelation shows the relationship between Dong A stock current value and its past values and can show if there is a momentum factor associated with investing in Dong A Steel Technology.
Regressed Prices |
| Timeline |
Pair Trading with Dong A
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 Dong A 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 Dong A will appreciate offsetting losses from the drop in the long position's value.Moving against Dong Stock
| 0.59 | 302430 | Innometry | PairCorr |
| 0.52 | 293780 | AptaBio Therapeutics | PairCorr |
| 0.52 | 053080 | Wonbang Tech | PairCorr |
The ability to find closely correlated positions to Dong A could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dong A 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 Dong A - 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 Dong A Steel Technology to buy it.
The correlation of Dong A 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 Dong A moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dong A Steel 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 Dong A 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 Dong Stock
Dong A financial ratios help investors to determine whether Dong 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 Dong with respect to the benefits of owning Dong A security.