Deutsch Motors (Korea) Market Value
| 067990 Stock | KRW 4,665 45.00 0.96% |
| Symbol | Deutsch |
Deutsch Motors '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 Deutsch Motors' 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 Deutsch Motors.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Deutsch Motors on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Deutsch Motors or generate 0.0% return on investment in Deutsch Motors over 30 days. Deutsch Motors is related to or competes with DSC Investment, Ssangyong Information, and Koryo Credit. Deutsch Motors Inc. was founded in 2000 and is headquartered in Seoul, South Korea More
Deutsch Motors 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 Deutsch Motors' 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 Deutsch Motors upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 6.58 | |||
| Value At Risk | (2.21) | |||
| Potential Upside | 1.74 |
Deutsch Motors Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Deutsch Motors' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Deutsch Motors' standard deviation. In reality, there are many statistical measures that can use Deutsch Motors historical prices to predict the future Deutsch Motors' volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.29) | |||
| Treynor Ratio | 38.47 |
Deutsch Motors Backtested Returns
Deutsch Motors secures Sharpe Ratio (or Efficiency) of -0.0645, which denotes the company had a -0.0645% return per unit of risk over the last 3 months. Deutsch Motors exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Deutsch Motors' Mean Deviation of 0.851, standard deviation of 1.23, and Variance of 1.51 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0022, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Deutsch Motors are expected to decrease at a much lower rate. During the bear market, Deutsch Motors is likely to outperform the market. At this point, Deutsch Motors has a negative expected return of -0.0809%. Please make sure to confirm Deutsch Motors' maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to decide if Deutsch Motors performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.58 |
Good reverse predictability
Deutsch Motors has good reverse predictability. Overlapping area represents the amount of predictability between Deutsch Motors time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Deutsch Motors price movement. The serial correlation of -0.58 indicates that roughly 58.0% of current Deutsch Motors price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.58 | |
| Spearman Rank Test | -0.84 | |
| Residual Average | 0.0 | |
| Price Variance | 18.3 K |
Deutsch Motors lagged returns against current returns
Autocorrelation, which is Deutsch Motors 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 Deutsch Motors' stock expected returns. We can calculate the autocorrelation of Deutsch Motors returns to help us make a trade decision. For example, suppose you find that Deutsch Motors 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 |
Deutsch Motors 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 Deutsch Motors stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Deutsch Motors stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Deutsch Motors stock over time.
Current vs Lagged Prices |
| Timeline |
Deutsch Motors Lagged Returns
When evaluating Deutsch Motors' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Deutsch Motors stock have on its future price. Deutsch Motors 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, Deutsch Motors autocorrelation shows the relationship between Deutsch Motors stock current value and its past values and can show if there is a momentum factor associated with investing in Deutsch Motors.
Regressed Prices |
| Timeline |
Pair Trading with Deutsch Motors
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 Deutsch Motors 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 Deutsch Motors will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Deutsch Motors could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Deutsch Motors 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 Deutsch Motors - 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 Deutsch Motors to buy it.
The correlation of Deutsch Motors 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 Deutsch Motors moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Deutsch Motors 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 Deutsch Motors 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 Deutsch Stock
Deutsch Motors financial ratios help investors to determine whether Deutsch 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 Deutsch with respect to the benefits of owning Deutsch Motors security.