Display Tech (Korea) Market Value
| 066670 Stock | 2,995 40.00 1.32% |
| Symbol | Display |
Display Tech '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 Display Tech'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 Display Tech.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Display Tech on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Display Tech Co or generate 0.0% return on investment in Display Tech over 30 days. Display Tech is related to or competes with AptaBio Therapeutics, Daewoo SBI, Dream Security, Microfriend, Innometry, and Jahwa Electron. More
Display Tech 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 Display Tech'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 Display Tech Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.24) | |||
| Maximum Drawdown | 11.67 | |||
| Value At Risk | (2.89) | |||
| Potential Upside | 1.68 |
Display Tech Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Display Tech's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Display Tech's standard deviation. In reality, there are many statistical measures that can use Display Tech historical prices to predict the future Display Tech's volatility.| Risk Adjusted Performance | (0.12) | |||
| Jensen Alpha | (0.25) | |||
| Total Risk Alpha | (0.52) | |||
| Treynor Ratio | 1.98 |
Display Tech Backtested Returns
Display Tech secures Sharpe Ratio (or Efficiency) of -0.26, which denotes the company had a -0.26% return per unit of risk over the last 3 months. Display Tech Co exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Display Tech's Mean Deviation of 1.05, variance of 2.62, and Standard Deviation of 1.62 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.14, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Display Tech are expected to decrease at a much lower rate. During the bear market, Display Tech is likely to outperform the market. At this point, Display Tech has a negative expected return of -0.31%. Please make sure to confirm Display Tech's jensen alpha, treynor ratio, value at risk, as well as the relationship between the total risk alpha and maximum drawdown , to decide if Display Tech performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.62 |
Good predictability
Display Tech Co has good predictability. Overlapping area represents the amount of predictability between Display Tech time series from 24th of October 2024 to 8th of November 2024 and 8th of November 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 Display Tech price movement. The serial correlation of 0.62 indicates that roughly 62.0% of current Display Tech price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.62 | |
| Spearman Rank Test | 0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 3585.24 |
Display Tech lagged returns against current returns
Autocorrelation, which is Display Tech 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 Display Tech's stock expected returns. We can calculate the autocorrelation of Display Tech returns to help us make a trade decision. For example, suppose you find that Display Tech 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 |
Display Tech 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 Display Tech stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Display Tech stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Display Tech stock over time.
Current vs Lagged Prices |
| Timeline |
Display Tech Lagged Returns
When evaluating Display Tech's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Display Tech stock have on its future price. Display Tech 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, Display Tech autocorrelation shows the relationship between Display Tech stock current value and its past values and can show if there is a momentum factor associated with investing in Display Tech Co.
Regressed Prices |
| Timeline |
Pair Trading with Display Tech
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 Display Tech 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 Display Tech will appreciate offsetting losses from the drop in the long position's value.Moving together with Display Stock
| 0.69 | 293780 | AptaBio Therapeutics | PairCorr |
| 0.93 | 215480 | Daewoo SBI SPAC | PairCorr |
| 0.89 | 302430 | Innometry | PairCorr |
Moving against Display Stock
The ability to find closely correlated positions to Display Tech could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Display Tech 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 Display Tech - 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 Display Tech Co to buy it.
The correlation of Display Tech 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 Display Tech moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Display Tech 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 Display Tech 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 Display Stock
Display Tech financial ratios help investors to determine whether Display 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 Display with respect to the benefits of owning Display Tech security.