DAEYANG ELECTRICCoLtd (Korea) Market Value
| 108380 Stock | KRW 13,150 200.00 1.50% |
| Symbol | DAEYANG |
DAEYANG ELECTRICCoLtd '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 DAEYANG ELECTRICCoLtd'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 DAEYANG ELECTRICCoLtd.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in DAEYANG ELECTRICCoLtd on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding DAEYANG ELECTRICCoLtd or generate 0.0% return on investment in DAEYANG ELECTRICCoLtd over 720 days. DAEYANG ELECTRICCoLtd is related to or competes with Seoul Electronics, Hana Financial, Dongbu Insurance, InfoBank, Jb Financial, Daishin Information, and LG Household. ,Ltd. provides marine lighting, communication system, power system, underwater system, and industrial sensors in South K... More
DAEYANG ELECTRICCoLtd 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 DAEYANG ELECTRICCoLtd'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 DAEYANG ELECTRICCoLtd upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.07 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 10.11 | |||
| Value At Risk | (2.91) | |||
| Potential Upside | 5.0 |
DAEYANG ELECTRICCoLtd Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for DAEYANG ELECTRICCoLtd's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as DAEYANG ELECTRICCoLtd's standard deviation. In reality, there are many statistical measures that can use DAEYANG ELECTRICCoLtd historical prices to predict the future DAEYANG ELECTRICCoLtd's volatility.| Risk Adjusted Performance | 0.0134 | |||
| Jensen Alpha | 4.0E-4 | |||
| Total Risk Alpha | (0.36) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.1252 |
DAEYANG ELECTRICCoLtd Backtested Returns
At this point, DAEYANG ELECTRICCoLtd is very steady. DAEYANG ELECTRICCoLtd secures Sharpe Ratio (or Efficiency) of 0.0511, which denotes the company had a 0.0511% return per unit of risk over the last 3 months. We have found thirty technical indicators for DAEYANG ELECTRICCoLtd, which you can use to evaluate the volatility of the entity. Please confirm DAEYANG ELECTRICCoLtd's Mean Deviation of 1.76, downside deviation of 2.07, and Coefficient Of Variation of 11528.37 to check if the risk estimate we provide is consistent with the expected return of 0.12%. DAEYANG ELECTRICCoLtd has a performance score of 4 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.0841, which means not very significant fluctuations relative to the market. As returns on the market increase, DAEYANG ELECTRICCoLtd's returns are expected to increase less than the market. However, during the bear market, the loss of holding DAEYANG ELECTRICCoLtd is expected to be smaller as well. DAEYANG ELECTRICCoLtd at this moment shows a risk of 2.44%. Please confirm DAEYANG ELECTRICCoLtd market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to decide if DAEYANG ELECTRICCoLtd will be following its price patterns.
Auto-correlation | 0.11 |
Insignificant predictability
DAEYANG ELECTRICCoLtd has insignificant predictability. Overlapping area represents the amount of predictability between DAEYANG ELECTRICCoLtd time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 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 DAEYANG ELECTRICCoLtd price movement. The serial correlation of 0.11 indicates that less than 11.0% of current DAEYANG ELECTRICCoLtd price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.11 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 1.9 M |
DAEYANG ELECTRICCoLtd lagged returns against current returns
Autocorrelation, which is DAEYANG ELECTRICCoLtd 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 DAEYANG ELECTRICCoLtd's stock expected returns. We can calculate the autocorrelation of DAEYANG ELECTRICCoLtd returns to help us make a trade decision. For example, suppose you find that DAEYANG ELECTRICCoLtd 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 |
DAEYANG ELECTRICCoLtd 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 DAEYANG ELECTRICCoLtd stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if DAEYANG ELECTRICCoLtd stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in DAEYANG ELECTRICCoLtd stock over time.
Current vs Lagged Prices |
| Timeline |
DAEYANG ELECTRICCoLtd Lagged Returns
When evaluating DAEYANG ELECTRICCoLtd's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of DAEYANG ELECTRICCoLtd stock have on its future price. DAEYANG ELECTRICCoLtd 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, DAEYANG ELECTRICCoLtd autocorrelation shows the relationship between DAEYANG ELECTRICCoLtd stock current value and its past values and can show if there is a momentum factor associated with investing in DAEYANG ELECTRICCoLtd.
Regressed Prices |
| Timeline |
Pair Trading with DAEYANG ELECTRICCoLtd
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 DAEYANG ELECTRICCoLtd 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 DAEYANG ELECTRICCoLtd will appreciate offsetting losses from the drop in the long position's value.Moving against DAEYANG Stock
The ability to find closely correlated positions to DAEYANG ELECTRICCoLtd could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace DAEYANG ELECTRICCoLtd 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 DAEYANG ELECTRICCoLtd - 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 DAEYANG ELECTRICCoLtd to buy it.
The correlation of DAEYANG ELECTRICCoLtd 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 DAEYANG ELECTRICCoLtd moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if DAEYANG ELECTRICCoLtd 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 DAEYANG ELECTRICCoLtd 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 DAEYANG Stock
DAEYANG ELECTRICCoLtd financial ratios help investors to determine whether DAEYANG 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 DAEYANG with respect to the benefits of owning DAEYANG ELECTRICCoLtd security.