Dongkuk Structures (Korea) Market Value
| 100130 Stock | KRW 2,440 10.00 0.41% |
| Symbol | Dongkuk |
Dongkuk Structures '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 Dongkuk Structures' 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 Dongkuk Structures.
| 01/26/2025 |
| 02/25/2025 |
If you would invest 0.00 in Dongkuk Structures on January 26, 2025 and sell it all today you would earn a total of 0.00 from holding Dongkuk Structures Construction or generate 0.0% return on investment in Dongkuk Structures over 30 days. Dongkuk Structures is related to or competes with Stic Investments, Eagon Industrial, Formetal, Miwon Chemicals, Songwon Industrial, Kbi Metal, and Dongil Metal. Dongkuk Structures Construction Company Limited manufactures and sells wind towers in South Korea and internationally More
Dongkuk Structures 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 Dongkuk Structures' 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 Dongkuk Structures Construction upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.81 | |||
| Information Ratio | 0.1025 | |||
| Maximum Drawdown | 14.52 | |||
| Value At Risk | (3.31) | |||
| Potential Upside | 4.59 |
Dongkuk Structures Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dongkuk Structures' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dongkuk Structures' standard deviation. In reality, there are many statistical measures that can use Dongkuk Structures historical prices to predict the future Dongkuk Structures' volatility.| Risk Adjusted Performance | 0.0839 | |||
| Jensen Alpha | 0.2612 | |||
| Total Risk Alpha | 0.2792 | |||
| Sortino Ratio | 0.095 | |||
| Treynor Ratio | (1.55) |
Dongkuk Structures Backtested Returns
At this point, Dongkuk Structures is very steady. Dongkuk Structures secures Sharpe Ratio (or Efficiency) of 0.0614, which denotes the company had a 0.0614 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Dongkuk Structures Construction, which you can use to evaluate the volatility of the firm. Please confirm Dongkuk Structures' Mean Deviation of 1.82, coefficient of variation of 956.85, and Downside Deviation of 2.81 to check if the risk estimate we provide is consistent with the expected return of 0.17%. Dongkuk Structures has a performance score of 4 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.17, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Dongkuk Structures are expected to decrease at a much lower rate. During the bear market, Dongkuk Structures is likely to outperform the market. Dongkuk Structures right now shows a risk of 2.73%. Please confirm Dongkuk Structures coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to decide if Dongkuk Structures will be following its price patterns.
Auto-correlation | 0.32 |
Below average predictability
Dongkuk Structures Construction has below average predictability. Overlapping area represents the amount of predictability between Dongkuk Structures time series from 26th of January 2025 to 10th of February 2025 and 10th of February 2025 to 25th of February 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 Dongkuk Structures price movement. The serial correlation of 0.32 indicates that nearly 32.0% of current Dongkuk Structures price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.32 | |
| Spearman Rank Test | -0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 2367.35 |
Dongkuk Structures lagged returns against current returns
Autocorrelation, which is Dongkuk Structures 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 Dongkuk Structures' stock expected returns. We can calculate the autocorrelation of Dongkuk Structures returns to help us make a trade decision. For example, suppose you find that Dongkuk Structures 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 |
Dongkuk Structures 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 Dongkuk Structures stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dongkuk Structures stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dongkuk Structures stock over time.
Current vs Lagged Prices |
| Timeline |
Dongkuk Structures Lagged Returns
When evaluating Dongkuk Structures' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dongkuk Structures stock have on its future price. Dongkuk Structures 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, Dongkuk Structures autocorrelation shows the relationship between Dongkuk Structures stock current value and its past values and can show if there is a momentum factor associated with investing in Dongkuk Structures Construction.
Regressed Prices |
| Timeline |
Pair Trading with Dongkuk Structures
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 Dongkuk Structures 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 Dongkuk Structures will appreciate offsetting losses from the drop in the long position's value.Moving against Dongkuk Stock
The ability to find closely correlated positions to Dongkuk Structures could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dongkuk Structures 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 Dongkuk Structures - 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 Dongkuk Structures Construction to buy it.
The correlation of Dongkuk Structures 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 Dongkuk Structures moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dongkuk Structures 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 Dongkuk Structures 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 Dongkuk Stock
Dongkuk Structures financial ratios help investors to determine whether Dongkuk 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 Dongkuk with respect to the benefits of owning Dongkuk Structures security.