Digital Imaging (Korea) Market Value
| 110990 Stock | 11,750 290.00 2.53% |
| Symbol | Digital |
Digital Imaging '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 Digital Imaging'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 Digital Imaging.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in Digital Imaging on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding Digital Imaging Technology or generate 0.0% return on investment in Digital Imaging over 30 days. Digital Imaging is related to or competes with SK Hynix, People Technology, Hana Materials, SIMMTECH, GemVaxKAEL CoLtd, and SS TECH. More
Digital Imaging 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 Digital Imaging'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 Digital Imaging Technology upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 18.99 | |||
| Value At Risk | (5.91) | |||
| Potential Upside | 6.21 |
Digital Imaging Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Digital Imaging's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Digital Imaging's standard deviation. In reality, there are many statistical measures that can use Digital Imaging historical prices to predict the future Digital Imaging's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.22) | |||
| Total Risk Alpha | (0.81) | |||
| Treynor Ratio | 1.95 |
Digital Imaging Tech Backtested Returns
Digital Imaging Tech secures Sharpe Ratio (or Efficiency) of -0.0892, which denotes the company had a -0.0892% return per unit of risk over the last 3 months. Digital Imaging Technology exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Digital Imaging's Mean Deviation of 3.1, standard deviation of 4.11, and Variance of 16.91 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.12, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Digital Imaging are expected to decrease at a much lower rate. During the bear market, Digital Imaging is likely to outperform the market. At this point, Digital Imaging Tech has a negative expected return of -0.37%. Please make sure to confirm Digital Imaging's coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if Digital Imaging Tech performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.65 |
Very good reverse predictability
Digital Imaging Technology has very good reverse predictability. Overlapping area represents the amount of predictability between Digital Imaging time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th of December 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 Digital Imaging Tech price movement. The serial correlation of -0.65 indicates that roughly 65.0% of current Digital Imaging price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.65 | |
| Spearman Rank Test | -0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 429.3 K |
Digital Imaging Tech lagged returns against current returns
Autocorrelation, which is Digital Imaging 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 Digital Imaging's stock expected returns. We can calculate the autocorrelation of Digital Imaging returns to help us make a trade decision. For example, suppose you find that Digital Imaging 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 |
Digital Imaging 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 Digital Imaging stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Digital Imaging stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Digital Imaging stock over time.
Current vs Lagged Prices |
| Timeline |
Digital Imaging Lagged Returns
When evaluating Digital Imaging's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Digital Imaging stock have on its future price. Digital Imaging 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, Digital Imaging autocorrelation shows the relationship between Digital Imaging stock current value and its past values and can show if there is a momentum factor associated with investing in Digital Imaging Technology.
Regressed Prices |
| Timeline |
Pair Trading with Digital Imaging
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 Digital Imaging 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 Digital Imaging will appreciate offsetting losses from the drop in the long position's value.Moving together with Digital Stock
| 0.85 | 108320 | LX Semicon | PairCorr |
| 0.94 | 064760 | Tokai Carbon Korea | PairCorr |
| 0.85 | 137400 | People Technology | PairCorr |
| 0.94 | 166090 | Hana Materials | PairCorr |
The ability to find closely correlated positions to Digital Imaging could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Digital Imaging 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 Digital Imaging - 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 Digital Imaging Technology to buy it.
The correlation of Digital Imaging 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 Digital Imaging moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Digital Imaging Tech 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 Digital Imaging 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 Digital Stock
Digital Imaging financial ratios help investors to determine whether Digital 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 Digital with respect to the benefits of owning Digital Imaging security.