Dongwoon Anatech (Korea) Market Value
| 094170 Stock | KRW 18,670 50.00 0.27% |
| Symbol | Dongwoon |
Dongwoon Anatech '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 Dongwoon Anatech'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 Dongwoon Anatech.
| 06/19/2024 |
| 01/15/2025 |
If you would invest 0.00 in Dongwoon Anatech on June 19, 2024 and sell it all today you would earn a total of 0.00 from holding Dongwoon Anatech Co or generate 0.0% return on investment in Dongwoon Anatech over 210 days. Dongwoon Anatech is related to or competes with SK Hynix, LX Semicon, Tokai Carbon, People Technology, Hana Materials, SIMMTECH, and Haesung DS. Dongwoon Anatech Co., Ltd. operates as an analog semiconductor company in South Korea and internationally More
Dongwoon Anatech 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 Dongwoon Anatech'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 Dongwoon Anatech Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.13 | |||
| Information Ratio | 0.0561 | |||
| Maximum Drawdown | 20.26 | |||
| Value At Risk | (5.42) | |||
| Potential Upside | 7.14 |
Dongwoon Anatech Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dongwoon Anatech's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dongwoon Anatech's standard deviation. In reality, there are many statistical measures that can use Dongwoon Anatech historical prices to predict the future Dongwoon Anatech's volatility.| Risk Adjusted Performance | 0.0528 | |||
| Jensen Alpha | 0.191 | |||
| Total Risk Alpha | 0.2581 | |||
| Sortino Ratio | 0.0664 | |||
| Treynor Ratio | (1.29) |
Dongwoon Anatech Backtested Returns
Dongwoon Anatech appears to be very steady, given 3 months investment horizon. Dongwoon Anatech secures Sharpe Ratio (or Efficiency) of 0.0647, which denotes the company had a 0.0647% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Dongwoon Anatech Co, which you can use to evaluate the volatility of the firm. Please utilize Dongwoon Anatech's Mean Deviation of 2.67, coefficient of variation of 1820.2, and Downside Deviation of 3.13 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Dongwoon Anatech holds a performance score of 5. The firm shows a Beta (market volatility) of -0.15, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Dongwoon Anatech are expected to decrease at a much lower rate. During the bear market, Dongwoon Anatech is likely to outperform the market. Please check Dongwoon Anatech's coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to make a quick decision on whether Dongwoon Anatech's price patterns will revert.
Auto-correlation | 0.09 |
Virtually no predictability
Dongwoon Anatech Co has virtually no predictability. Overlapping area represents the amount of predictability between Dongwoon Anatech time series from 19th of June 2024 to 2nd of October 2024 and 2nd of October 2024 to 15th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Dongwoon Anatech price movement. The serial correlation of 0.09 indicates that less than 9.0% of current Dongwoon Anatech price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.09 | |
| Spearman Rank Test | -0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 1.6 M |
Dongwoon Anatech lagged returns against current returns
Autocorrelation, which is Dongwoon Anatech 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 Dongwoon Anatech's stock expected returns. We can calculate the autocorrelation of Dongwoon Anatech returns to help us make a trade decision. For example, suppose you find that Dongwoon Anatech 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 |
Dongwoon Anatech 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 Dongwoon Anatech stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dongwoon Anatech stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dongwoon Anatech stock over time.
Current vs Lagged Prices |
| Timeline |
Dongwoon Anatech Lagged Returns
When evaluating Dongwoon Anatech's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dongwoon Anatech stock have on its future price. Dongwoon Anatech 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, Dongwoon Anatech autocorrelation shows the relationship between Dongwoon Anatech stock current value and its past values and can show if there is a momentum factor associated with investing in Dongwoon Anatech Co.
Regressed Prices |
| Timeline |
Pair Trading with Dongwoon Anatech
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 Dongwoon Anatech 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 Dongwoon Anatech will appreciate offsetting losses from the drop in the long position's value.Moving against Dongwoon Stock
The ability to find closely correlated positions to Dongwoon Anatech could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dongwoon Anatech 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 Dongwoon Anatech - 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 Dongwoon Anatech Co to buy it.
The correlation of Dongwoon Anatech 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 Dongwoon Anatech moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dongwoon Anatech 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 Dongwoon Anatech 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 Dongwoon Stock
Dongwoon Anatech financial ratios help investors to determine whether Dongwoon 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 Dongwoon with respect to the benefits of owning Dongwoon Anatech security.