Dreamus (Korea) Market Value
| 060570 Stock | KRW 1,610 35.00 2.22% |
| Symbol | Dreamus |
Dreamus '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 Dreamus' 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 Dreamus.
| 12/03/2023 |
| 11/27/2024 |
If you would invest 0.00 in Dreamus on December 3, 2023 and sell it all today you would earn a total of 0.00 from holding Dreamus Company or generate 0.0% return on investment in Dreamus over 360 days. Dreamus is related to or competes with KMH Hitech, GemVaxKAEL CoLtd, Busan Industrial, Finebesteel, Shinhan Inverse, Fine Besteel, and Hyundai Heavy. Dreamus Company provides digital products in Korea and internationally More
Dreamus 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 Dreamus' 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 Dreamus Company upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 39.46 | |||
| Value At Risk | (5.85) | |||
| Potential Upside | 3.54 |
Dreamus Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dreamus' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dreamus' standard deviation. In reality, there are many statistical measures that can use Dreamus historical prices to predict the future Dreamus' volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (1.03) | |||
| Treynor Ratio | 0.1666 |
Dreamus Company Backtested Returns
Dreamus Company secures Sharpe Ratio (or Efficiency) of -0.0372, which denotes the company had a -0.0372% return per unit of standard deviation over the last 3 months. Dreamus Company exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Dreamus' Coefficient Of Variation of (1,728), standard deviation of 4.72, and Mean Deviation of 2.52 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -1.7, which means a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Dreamus are expected to decrease by larger amounts. On the other hand, during market turmoil, Dreamus is expected to outperform it. At this point, Dreamus Company has a negative expected return of -0.19%. Please make sure to confirm Dreamus' standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Dreamus Company performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.22 |
Weak predictability
Dreamus Company has weak predictability. Overlapping area represents the amount of predictability between Dreamus time series from 3rd of December 2023 to 31st of May 2024 and 31st of May 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 Dreamus Company price movement. The serial correlation of 0.22 indicates that over 22.0% of current Dreamus price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.22 | |
| Spearman Rank Test | 0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 102.3 K |
Dreamus Company lagged returns against current returns
Autocorrelation, which is Dreamus 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 Dreamus' stock expected returns. We can calculate the autocorrelation of Dreamus returns to help us make a trade decision. For example, suppose you find that Dreamus 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 |
Dreamus 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 Dreamus stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dreamus stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dreamus stock over time.
Current vs Lagged Prices |
| Timeline |
Dreamus Lagged Returns
When evaluating Dreamus' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dreamus stock have on its future price. Dreamus 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, Dreamus autocorrelation shows the relationship between Dreamus stock current value and its past values and can show if there is a momentum factor associated with investing in Dreamus Company.
Regressed Prices |
| Timeline |
Pair Trading with Dreamus
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 Dreamus 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 Dreamus will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Dreamus could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dreamus 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 Dreamus - 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 Dreamus Company to buy it.
The correlation of Dreamus 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 Dreamus moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dreamus Company 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 Dreamus 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 Dreamus Stock
Dreamus financial ratios help investors to determine whether Dreamus 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 Dreamus with respect to the benefits of owning Dreamus security.