Derkwoo Electronics (Korea) Market Value
| 263600 Stock | 5,630 110.00 1.99% |
| Symbol | Derkwoo |
Please note, there is a significant difference between Derkwoo Electronics' value and its price as these two are different measures arrived at by different means. Investors typically determine if Derkwoo Electronics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Derkwoo Electronics' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Derkwoo Electronics '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 Derkwoo Electronics' 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 Derkwoo Electronics.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Derkwoo Electronics on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Derkwoo Electronics Co or generate 0.0% return on investment in Derkwoo Electronics over 30 days. Derkwoo Electronics is related to or competes with Samsung Electronics, Samsung Electronics, LG Energy, SK Hynix, Samsung Biologics, LG Chem, and LG Chemicals. More
Derkwoo Electronics 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 Derkwoo Electronics' 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 Derkwoo Electronics Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 14.16 | |||
| Value At Risk | (3.81) | |||
| Potential Upside | 4.35 |
Derkwoo Electronics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Derkwoo Electronics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Derkwoo Electronics' standard deviation. In reality, there are many statistical measures that can use Derkwoo Electronics historical prices to predict the future Derkwoo Electronics' volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.42) | |||
| Treynor Ratio | (0.79) |
Derkwoo Electronics Backtested Returns
Derkwoo Electronics secures Sharpe Ratio (or Efficiency) of -0.0966, which denotes the company had a -0.0966% return per unit of risk over the last 3 months. Derkwoo Electronics Co exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Derkwoo Electronics' Standard Deviation of 2.45, variance of 6.01, and Mean Deviation of 1.81 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, Derkwoo Electronics' returns are expected to increase less than the market. However, during the bear market, the loss of holding Derkwoo Electronics is expected to be smaller as well. At this point, Derkwoo Electronics has a negative expected return of -0.22%. Please make sure to confirm Derkwoo Electronics' treynor ratio, value at risk, and the relationship between the total risk alpha and maximum drawdown , to decide if Derkwoo Electronics performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.05 |
Very weak reverse predictability
Derkwoo Electronics Co has very weak reverse predictability. Overlapping area represents the amount of predictability between Derkwoo Electronics time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 Derkwoo Electronics price movement. The serial correlation of -0.05 indicates that only as little as 5.0% of current Derkwoo Electronics price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.05 | |
| Spearman Rank Test | 0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 62.6 K |
Derkwoo Electronics lagged returns against current returns
Autocorrelation, which is Derkwoo Electronics 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 Derkwoo Electronics' stock expected returns. We can calculate the autocorrelation of Derkwoo Electronics returns to help us make a trade decision. For example, suppose you find that Derkwoo Electronics 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 |
Derkwoo Electronics 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 Derkwoo Electronics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Derkwoo Electronics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Derkwoo Electronics stock over time.
Current vs Lagged Prices |
| Timeline |
Derkwoo Electronics Lagged Returns
When evaluating Derkwoo Electronics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Derkwoo Electronics stock have on its future price. Derkwoo Electronics 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, Derkwoo Electronics autocorrelation shows the relationship between Derkwoo Electronics stock current value and its past values and can show if there is a momentum factor associated with investing in Derkwoo Electronics Co.
Regressed Prices |
| Timeline |
Pair Trading with Derkwoo Electronics
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 Derkwoo Electronics 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 Derkwoo Electronics will appreciate offsetting losses from the drop in the long position's value.Moving together with Derkwoo Stock
Moving against Derkwoo Stock
The ability to find closely correlated positions to Derkwoo Electronics could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Derkwoo Electronics 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 Derkwoo Electronics - 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 Derkwoo Electronics Co to buy it.
The correlation of Derkwoo Electronics 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 Derkwoo Electronics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Derkwoo Electronics 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 Derkwoo Electronics 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 Derkwoo Stock
Derkwoo Electronics financial ratios help investors to determine whether Derkwoo 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 Derkwoo with respect to the benefits of owning Derkwoo Electronics security.