Dongyang (Korea) Market Value
| 079960 Stock | KRW 19,220 20.00 0.10% |
| Symbol | Dongyang |
Dongyang '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 Dongyang'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 Dongyang.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Dongyang on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Dongyang EP or generate 0.0% return on investment in Dongyang over 30 days. Dongyang is related to or competes with Digital Power, Lotte Data, Inzi Display, Nable Communications, Jinro Distillers, and Iljin Display. Dongyang EP Inc., together with its subsidiaries, engages in the manufacture and sale of power supply and electronic dev... More
Dongyang 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 Dongyang'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 Dongyang EP upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 6.87 | |||
| Value At Risk | (2.40) | |||
| Potential Upside | 2.55 |
Dongyang Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dongyang's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dongyang's standard deviation. In reality, there are many statistical measures that can use Dongyang historical prices to predict the future Dongyang's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.27) | |||
| Treynor Ratio | (0.26) |
Dongyang EP Backtested Returns
At this point, Dongyang is very steady. Dongyang EP secures Sharpe Ratio (or Efficiency) of 0.0209, which denotes the company had a 0.0209% return per unit of risk over the last 3 months. We have found twenty-four technical indicators for Dongyang EP, which you can use to evaluate the volatility of the firm. Please confirm Dongyang's Standard Deviation of 1.36, mean deviation of 0.999, and Variance of 1.85 to check if the risk estimate we provide is consistent with the expected return of 0.029%. Dongyang has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.16, which means not very significant fluctuations relative to the market. As returns on the market increase, Dongyang's returns are expected to increase less than the market. However, during the bear market, the loss of holding Dongyang is expected to be smaller as well. Dongyang EP right now shows a risk of 1.39%. Please confirm Dongyang EP coefficient of variation, jensen alpha, treynor ratio, as well as the relationship between the standard deviation and total risk alpha , to decide if Dongyang EP will be following its price patterns.
Auto-correlation | -0.76 |
Almost perfect reverse predictability
Dongyang EP has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Dongyang time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st of December 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 Dongyang EP price movement. The serial correlation of -0.76 indicates that around 76.0% of current Dongyang price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.76 | |
| Spearman Rank Test | -0.78 | |
| Residual Average | 0.0 | |
| Price Variance | 238.3 K |
Dongyang EP lagged returns against current returns
Autocorrelation, which is Dongyang 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 Dongyang's stock expected returns. We can calculate the autocorrelation of Dongyang returns to help us make a trade decision. For example, suppose you find that Dongyang 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 |
Dongyang 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 Dongyang stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dongyang stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dongyang stock over time.
Current vs Lagged Prices |
| Timeline |
Dongyang Lagged Returns
When evaluating Dongyang's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dongyang stock have on its future price. Dongyang 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, Dongyang autocorrelation shows the relationship between Dongyang stock current value and its past values and can show if there is a momentum factor associated with investing in Dongyang EP.
Regressed Prices |
| Timeline |
Pair Trading with Dongyang
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 Dongyang 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 Dongyang will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Dongyang could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dongyang 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 Dongyang - 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 Dongyang EP to buy it.
The correlation of Dongyang 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 Dongyang moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dongyang EP 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 Dongyang 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 Dongyang Stock
Dongyang financial ratios help investors to determine whether Dongyang 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 Dongyang with respect to the benefits of owning Dongyang security.