Dongbang Ship (Korea) Market Value
| 099410 Stock | 2,870 70.00 2.38% |
| Symbol | Dongbang |
Dongbang Ship '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 Dongbang Ship'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 Dongbang Ship.
| 08/30/2024 |
| 11/28/2024 |
If you would invest 0.00 in Dongbang Ship on August 30, 2024 and sell it all today you would earn a total of 0.00 from holding Dongbang Ship Machinery or generate 0.0% return on investment in Dongbang Ship over 90 days. Dongbang Ship is related to or competes with Daishin Information, Taeyang Metal, Hansol Homedeco, Kbi Metal, and Korea Information. More
Dongbang Ship 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 Dongbang Ship'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 Dongbang Ship Machinery upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.85 | |||
| Information Ratio | 0.0548 | |||
| Maximum Drawdown | 13.87 | |||
| Value At Risk | (3.92) | |||
| Potential Upside | 5.24 |
Dongbang Ship Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dongbang Ship's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dongbang Ship's standard deviation. In reality, there are many statistical measures that can use Dongbang Ship historical prices to predict the future Dongbang Ship's volatility.| Risk Adjusted Performance | 0.0847 | |||
| Jensen Alpha | 0.1559 | |||
| Total Risk Alpha | (0.14) | |||
| Sortino Ratio | 0.0518 | |||
| Treynor Ratio | 0.283 |
Dongbang Ship Machinery Backtested Returns
Dongbang Ship appears to be very steady, given 3 months investment horizon. Dongbang Ship Machinery secures Sharpe Ratio (or Efficiency) of 0.1, which denotes the company had a 0.1% return per unit of risk over the last 3 months. We have found thirty technical indicators for Dongbang Ship Machinery, which you can use to evaluate the volatility of the firm. Please utilize Dongbang Ship's Coefficient Of Variation of 988.37, mean deviation of 2.02, and Downside Deviation of 2.85 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Dongbang Ship holds a performance score of 7. The firm shows a Beta (market volatility) of 0.93, which means possible diversification benefits within a given portfolio. Dongbang Ship returns are very sensitive to returns on the market. As the market goes up or down, Dongbang Ship is expected to follow. Please check Dongbang Ship's semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and standard deviation , to make a quick decision on whether Dongbang Ship's price patterns will revert.
Auto-correlation | 0.54 |
Modest predictability
Dongbang Ship Machinery has modest predictability. Overlapping area represents the amount of predictability between Dongbang Ship time series from 30th of August 2024 to 14th of October 2024 and 14th of October 2024 to 28th 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 Dongbang Ship Machinery price movement. The serial correlation of 0.54 indicates that about 54.0% of current Dongbang Ship price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.54 | |
| Spearman Rank Test | 0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 10.8 K |
Dongbang Ship Machinery lagged returns against current returns
Autocorrelation, which is Dongbang Ship 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 Dongbang Ship's stock expected returns. We can calculate the autocorrelation of Dongbang Ship returns to help us make a trade decision. For example, suppose you find that Dongbang Ship 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 |
Dongbang Ship 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 Dongbang Ship stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dongbang Ship stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dongbang Ship stock over time.
Current vs Lagged Prices |
| Timeline |
Dongbang Ship Lagged Returns
When evaluating Dongbang Ship's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dongbang Ship stock have on its future price. Dongbang Ship 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, Dongbang Ship autocorrelation shows the relationship between Dongbang Ship stock current value and its past values and can show if there is a momentum factor associated with investing in Dongbang Ship Machinery.
Regressed Prices |
| Timeline |
Pair Trading with Dongbang Ship
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 Dongbang Ship 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 Dongbang Ship will appreciate offsetting losses from the drop in the long position's value.Moving together with Dongbang Stock
Moving against Dongbang Stock
| 0.82 | 005930 | Samsung Electronics | PairCorr |
| 0.81 | 005935 | Samsung Electronics | PairCorr |
| 0.64 | 005380 | Hyundai Motor | PairCorr |
The ability to find closely correlated positions to Dongbang Ship could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dongbang Ship 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 Dongbang Ship - 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 Dongbang Ship Machinery to buy it.
The correlation of Dongbang Ship 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 Dongbang Ship moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dongbang Ship Machinery 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 Dongbang Ship 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 Dongbang Stock
Dongbang Ship financial ratios help investors to determine whether Dongbang 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 Dongbang with respect to the benefits of owning Dongbang Ship security.