DYPNF CoLtd (Korea) Market Value
| 104460 Stock | KRW 12,220 1,570 14.74% |
| Symbol | DYPNF |
DYPNF CoLtd '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 DYPNF CoLtd'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 DYPNF CoLtd.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in DYPNF CoLtd on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding DYPNF CoLtd or generate 0.0% return on investment in DYPNF CoLtd over 30 days. DYPNF CoLtd is related to or competes with Samsung Electronics, Samsung Electronics, LG Energy, SK Hynix, Samsung Biologics, LG Chem, and LG Chemicals. DongYang PF Co., Ltd. offer solid handling systems worldwide. More
DYPNF CoLtd 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 DYPNF CoLtd'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 DYPNF CoLtd upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 13.83 | |||
| Value At Risk | (4.29) | |||
| Potential Upside | 4.39 |
DYPNF CoLtd Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for DYPNF CoLtd's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as DYPNF CoLtd's standard deviation. In reality, there are many statistical measures that can use DYPNF CoLtd historical prices to predict the future DYPNF CoLtd's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.33) | |||
| Total Risk Alpha | (0.78) | |||
| Treynor Ratio | (1.86) |
DYPNF CoLtd Backtested Returns
At this point, DYPNF CoLtd is very steady. DYPNF CoLtd secures Sharpe Ratio (or Efficiency) of 0.0132, which denotes the company had a 0.0132% return per unit of risk over the last 3 months. We have found twenty-four technical indicators for DYPNF CoLtd, which you can use to evaluate the volatility of the firm. Please confirm DYPNF CoLtd's Mean Deviation of 2.15, coefficient of variation of (1,017), and Standard Deviation of 3.0 to check if the risk estimate we provide is consistent with the expected return of 0.0491%. DYPNF CoLtd 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, DYPNF CoLtd's returns are expected to increase less than the market. However, during the bear market, the loss of holding DYPNF CoLtd is expected to be smaller as well. DYPNF CoLtd currently shows a risk of 3.71%. Please confirm DYPNF CoLtd total risk alpha, maximum drawdown, and the relationship between the jensen alpha and treynor ratio , to decide if DYPNF CoLtd will be following its price patterns.
Auto-correlation | 0.51 |
Modest predictability
DYPNF CoLtd has modest predictability. Overlapping area represents the amount of predictability between DYPNF CoLtd time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 DYPNF CoLtd price movement. The serial correlation of 0.51 indicates that about 51.0% of current DYPNF CoLtd price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.51 | |
| Spearman Rank Test | 0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 259.6 K |
DYPNF CoLtd lagged returns against current returns
Autocorrelation, which is DYPNF CoLtd 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 DYPNF CoLtd's stock expected returns. We can calculate the autocorrelation of DYPNF CoLtd returns to help us make a trade decision. For example, suppose you find that DYPNF CoLtd 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 |
DYPNF CoLtd 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 DYPNF CoLtd stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if DYPNF CoLtd stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in DYPNF CoLtd stock over time.
Current vs Lagged Prices |
| Timeline |
DYPNF CoLtd Lagged Returns
When evaluating DYPNF CoLtd's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of DYPNF CoLtd stock have on its future price. DYPNF CoLtd 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, DYPNF CoLtd autocorrelation shows the relationship between DYPNF CoLtd stock current value and its past values and can show if there is a momentum factor associated with investing in DYPNF CoLtd.
Regressed Prices |
| Timeline |
Pair Trading with DYPNF CoLtd
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 DYPNF CoLtd 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 DYPNF CoLtd will appreciate offsetting losses from the drop in the long position's value.Moving against DYPNF Stock
The ability to find closely correlated positions to DYPNF CoLtd could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace DYPNF CoLtd 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 DYPNF CoLtd - 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 DYPNF CoLtd to buy it.
The correlation of DYPNF CoLtd 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 DYPNF CoLtd moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if DYPNF CoLtd 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 DYPNF CoLtd 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 DYPNF Stock
DYPNF CoLtd financial ratios help investors to determine whether DYPNF 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 DYPNF with respect to the benefits of owning DYPNF CoLtd security.