Daishin Balance (Korea) Market Value
| 217270 Stock | KRW 5,290 40.00 0.75% |
| Symbol | Daishin |
Daishin Balance '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 Daishin Balance'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 Daishin Balance.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Daishin Balance on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Daishin Balance 1 or generate 0.0% return on investment in Daishin Balance over 30 days. Daishin Balance is related to or competes with AfreecaTV, SS TECH, Busan Industrial, UNISEM, Finebesteel, Fine Besteel, and Hyundai Heavy. More
Daishin Balance 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 Daishin Balance'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 Daishin Balance 1 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 17.65 | |||
| Value At Risk | (3.83) | |||
| Potential Upside | 3.87 |
Daishin Balance Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Daishin Balance's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Daishin Balance's standard deviation. In reality, there are many statistical measures that can use Daishin Balance historical prices to predict the future Daishin Balance's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.52) | |||
| Treynor Ratio | (0.80) |
Daishin Balance 1 Backtested Returns
Daishin Balance 1 secures Sharpe Ratio (or Efficiency) of -0.0424, which denotes the company had a -0.0424% return per unit of risk over the last 3 months. Daishin Balance 1 exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Daishin Balance's Standard Deviation of 2.6, variance of 6.74, and Mean Deviation of 1.68 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.13, which means not very significant fluctuations relative to the market. As returns on the market increase, Daishin Balance's returns are expected to increase less than the market. However, during the bear market, the loss of holding Daishin Balance is expected to be smaller as well. At this point, Daishin Balance 1 has a negative expected return of -0.11%. Please make sure to confirm Daishin Balance's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Daishin Balance 1 performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.09 |
Very weak reverse predictability
Daishin Balance 1 has very weak reverse predictability. Overlapping area represents the amount of predictability between Daishin Balance time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Daishin Balance 1 price movement. The serial correlation of -0.09 indicates that less than 9.0% of current Daishin Balance price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.09 | |
| Spearman Rank Test | -0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 11.2 K |
Daishin Balance 1 lagged returns against current returns
Autocorrelation, which is Daishin Balance 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 Daishin Balance's stock expected returns. We can calculate the autocorrelation of Daishin Balance returns to help us make a trade decision. For example, suppose you find that Daishin Balance 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 |
Daishin Balance 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 Daishin Balance stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Daishin Balance stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Daishin Balance stock over time.
Current vs Lagged Prices |
| Timeline |
Daishin Balance Lagged Returns
When evaluating Daishin Balance's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Daishin Balance stock have on its future price. Daishin Balance 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, Daishin Balance autocorrelation shows the relationship between Daishin Balance stock current value and its past values and can show if there is a momentum factor associated with investing in Daishin Balance 1.
Regressed Prices |
| Timeline |
Pair Trading with Daishin Balance
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 Daishin Balance 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 Daishin Balance will appreciate offsetting losses from the drop in the long position's value.Moving against Daishin Stock
The ability to find closely correlated positions to Daishin Balance could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Daishin Balance 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 Daishin Balance - 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 Daishin Balance 1 to buy it.
The correlation of Daishin Balance 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 Daishin Balance moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Daishin Balance 1 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 Daishin Balance 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 Daishin Stock
Daishin Balance financial ratios help investors to determine whether Daishin 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 Daishin with respect to the benefits of owning Daishin Balance security.