DHP Korea (Korea) Market Value
| 131030 Stock | KRW 5,600 170.00 3.13% |
| Symbol | DHP |
DHP Korea '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 DHP Korea'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 DHP Korea.
| 09/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in DHP Korea on September 28, 2024 and sell it all today you would earn a total of 0.00 from holding DHP Korea Co or generate 0.0% return on investment in DHP Korea over 60 days. DHP Korea is related to or competes with Humasis, Ray, Access Bio, DRGEM, TR Biofab, Sugentech, and Osteonic. DHP Korea Co., Ltd. researches, develops, produces, and sells ophthalmic solutions in South Korea More
DHP Korea 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 DHP Korea'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 DHP Korea Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 15.7 | |||
| Value At Risk | (4.59) | |||
| Potential Upside | 4.14 |
DHP Korea Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for DHP Korea's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as DHP Korea's standard deviation. In reality, there are many statistical measures that can use DHP Korea historical prices to predict the future DHP Korea's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.42) | |||
| Total Risk Alpha | (0.79) | |||
| Treynor Ratio | (0.67) |
DHP Korea Backtested Returns
DHP Korea 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. DHP Korea Co exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm DHP Korea's Coefficient Of Variation of (803.76), standard deviation of 2.76, and Mean Deviation of 2.17 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.53, which means possible diversification benefits within a given portfolio. As returns on the market increase, DHP Korea's returns are expected to increase less than the market. However, during the bear market, the loss of holding DHP Korea is expected to be smaller as well. At this point, DHP Korea has a negative expected return of -0.29%. Please make sure to confirm DHP Korea's total risk alpha, maximum drawdown, and the relationship between the jensen alpha and treynor ratio , to decide if DHP Korea performance from the past will be repeated in the future.
Auto-correlation | 0.87 |
Very good predictability
DHP Korea Co has very good predictability. Overlapping area represents the amount of predictability between DHP Korea time series from 28th of September 2024 to 28th of October 2024 and 28th of October 2024 to 27th 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 DHP Korea price movement. The serial correlation of 0.87 indicates that approximately 87.0% of current DHP Korea price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.87 | |
| Spearman Rank Test | 0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 202.9 K |
DHP Korea lagged returns against current returns
Autocorrelation, which is DHP Korea 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 DHP Korea's stock expected returns. We can calculate the autocorrelation of DHP Korea returns to help us make a trade decision. For example, suppose you find that DHP Korea 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 |
DHP Korea 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 DHP Korea stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if DHP Korea stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in DHP Korea stock over time.
Current vs Lagged Prices |
| Timeline |
DHP Korea Lagged Returns
When evaluating DHP Korea's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of DHP Korea stock have on its future price. DHP Korea 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, DHP Korea autocorrelation shows the relationship between DHP Korea stock current value and its past values and can show if there is a momentum factor associated with investing in DHP Korea Co.
Regressed Prices |
| Timeline |
Pair Trading with DHP Korea
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 DHP Korea 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 DHP Korea will appreciate offsetting losses from the drop in the long position's value.Moving together with DHP Stock
Moving against DHP Stock
The ability to find closely correlated positions to DHP Korea could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace DHP Korea 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 DHP Korea - 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 DHP Korea Co to buy it.
The correlation of DHP Korea 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 DHP Korea moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if DHP Korea 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 DHP Korea 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 DHP Stock
DHP Korea financial ratios help investors to determine whether DHP 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 DHP with respect to the benefits of owning DHP Korea security.