YoungWoo DSP (Korea) Market Value
| 143540 Stock | 599.00 19.00 3.07% |
| Symbol | YoungWoo |
YoungWoo DSP '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 YoungWoo DSP'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 YoungWoo DSP.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in YoungWoo DSP on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding YoungWoo DSP CoLtd or generate 0.0% return on investment in YoungWoo DSP over 30 days.
YoungWoo DSP 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 YoungWoo DSP'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 YoungWoo DSP CoLtd upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.38) | |||
| Maximum Drawdown | 8.81 | |||
| Value At Risk | (3.54) | |||
| Potential Upside | 2.52 |
YoungWoo DSP Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for YoungWoo DSP's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as YoungWoo DSP's standard deviation. In reality, there are many statistical measures that can use YoungWoo DSP historical prices to predict the future YoungWoo DSP's volatility.| Risk Adjusted Performance | (0.23) | |||
| Jensen Alpha | (0.58) | |||
| Total Risk Alpha | (0.85) | |||
| Treynor Ratio | 75.11 |
YoungWoo DSP CoLtd Backtested Returns
YoungWoo DSP CoLtd shows Sharpe Ratio of -0.33, which attests that the company had a -0.33% return per unit of risk over the last 3 months. YoungWoo DSP CoLtd exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out YoungWoo DSP's Standard Deviation of 1.81, market risk adjusted performance of 75.12, and Mean Deviation of 1.42 to validate the risk estimate we provide. The firm maintains a market beta of -0.0077, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning YoungWoo DSP are expected to decrease at a much lower rate. During the bear market, YoungWoo DSP is likely to outperform the market. At this point, YoungWoo DSP CoLtd has a negative expected return of -0.58%. Please make sure to check out YoungWoo DSP's total risk alpha, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to decide if YoungWoo DSP CoLtd performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.48 |
Average predictability
YoungWoo DSP CoLtd has average predictability. Overlapping area represents the amount of predictability between YoungWoo DSP time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 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 YoungWoo DSP CoLtd price movement. The serial correlation of 0.48 indicates that about 48.0% of current YoungWoo DSP price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.48 | |
| Spearman Rank Test | -0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 330.76 |
YoungWoo DSP CoLtd lagged returns against current returns
Autocorrelation, which is YoungWoo DSP 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 YoungWoo DSP's stock expected returns. We can calculate the autocorrelation of YoungWoo DSP returns to help us make a trade decision. For example, suppose you find that YoungWoo DSP 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 |
YoungWoo DSP 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 YoungWoo DSP stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if YoungWoo DSP stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in YoungWoo DSP stock over time.
Current vs Lagged Prices |
| Timeline |
YoungWoo DSP Lagged Returns
When evaluating YoungWoo DSP's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of YoungWoo DSP stock have on its future price. YoungWoo DSP 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, YoungWoo DSP autocorrelation shows the relationship between YoungWoo DSP stock current value and its past values and can show if there is a momentum factor associated with investing in YoungWoo DSP CoLtd.
Regressed Prices |
| Timeline |
Pair Trading with YoungWoo DSP
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 YoungWoo DSP 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 YoungWoo DSP will appreciate offsetting losses from the drop in the long position's value.Moving together with YoungWoo Stock
Moving against YoungWoo Stock
The ability to find closely correlated positions to YoungWoo DSP could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace YoungWoo DSP 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 YoungWoo DSP - 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 YoungWoo DSP CoLtd to buy it.
The correlation of YoungWoo DSP 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 YoungWoo DSP moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if YoungWoo DSP 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 YoungWoo DSP 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.