Daebo Magnetic (Korea) Market Value
| 290670 Stock | KRW 13,410 200.00 1.51% |
| Symbol | Daebo |
Daebo Magnetic '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 Daebo Magnetic'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 Daebo Magnetic.
| 06/02/2024 |
| 11/29/2024 |
If you would invest 0.00 in Daebo Magnetic on June 2, 2024 and sell it all today you would earn a total of 0.00 from holding Daebo Magnetic CoLtd or generate 0.0% return on investment in Daebo Magnetic over 180 days. Daebo Magnetic is related to or competes with Woori Technology, Shinsung Delta, PlayD, LG Household, DB Insurance, RFTech, and Inzi Display. ,Ltd. manufactures and sells electro magnetic filters that are used for secondary battery material process and cell proc... More
Daebo Magnetic 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 Daebo Magnetic'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 Daebo Magnetic CoLtd upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 21.6 | |||
| Value At Risk | (4.43) | |||
| Potential Upside | 4.59 |
Daebo Magnetic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Daebo Magnetic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Daebo Magnetic's standard deviation. In reality, there are many statistical measures that can use Daebo Magnetic historical prices to predict the future Daebo Magnetic's volatility.| Risk Adjusted Performance | (0.1) | |||
| Jensen Alpha | (0.36) | |||
| Total Risk Alpha | (0.91) | |||
| Treynor Ratio | 0.6193 |
Daebo Magnetic CoLtd Backtested Returns
Daebo Magnetic CoLtd secures Sharpe Ratio (or Efficiency) of -0.14, which denotes the company had a -0.14% return per unit of standard deviation over the last 3 months. Daebo Magnetic CoLtd exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Daebo Magnetic's Coefficient Of Variation of (739.73), mean deviation of 2.13, and Standard Deviation of 3.15 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.7, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Daebo Magnetic are expected to decrease at a much lower rate. During the bear market, Daebo Magnetic is likely to outperform the market. At this point, Daebo Magnetic CoLtd has a negative expected return of -0.48%. Please make sure to confirm Daebo Magnetic's coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if Daebo Magnetic CoLtd performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.81 |
Very good predictability
Daebo Magnetic CoLtd has very good predictability. Overlapping area represents the amount of predictability between Daebo Magnetic time series from 2nd of June 2024 to 31st of August 2024 and 31st of August 2024 to 29th 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 Daebo Magnetic CoLtd price movement. The serial correlation of 0.81 indicates that around 81.0% of current Daebo Magnetic price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.81 | |
| Spearman Rank Test | 0.73 | |
| Residual Average | 0.0 | |
| Price Variance | 3 M |
Daebo Magnetic CoLtd lagged returns against current returns
Autocorrelation, which is Daebo Magnetic 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 Daebo Magnetic's stock expected returns. We can calculate the autocorrelation of Daebo Magnetic returns to help us make a trade decision. For example, suppose you find that Daebo Magnetic 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 |
Daebo Magnetic 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 Daebo Magnetic stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Daebo Magnetic stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Daebo Magnetic stock over time.
Current vs Lagged Prices |
| Timeline |
Daebo Magnetic Lagged Returns
When evaluating Daebo Magnetic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Daebo Magnetic stock have on its future price. Daebo Magnetic 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, Daebo Magnetic autocorrelation shows the relationship between Daebo Magnetic stock current value and its past values and can show if there is a momentum factor associated with investing in Daebo Magnetic CoLtd.
Regressed Prices |
| Timeline |
Pair Trading with Daebo Magnetic
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 Daebo Magnetic 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 Daebo Magnetic will appreciate offsetting losses from the drop in the long position's value.Moving together with Daebo Stock
Moving against Daebo Stock
| 0.65 | 032830 | Samsung Life | PairCorr |
| 0.53 | 105560 | KB Financial Group | PairCorr |
| 0.4 | 316140 | Woori Financial Group | PairCorr |
The ability to find closely correlated positions to Daebo Magnetic could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Daebo Magnetic 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 Daebo Magnetic - 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 Daebo Magnetic CoLtd to buy it.
The correlation of Daebo Magnetic 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 Daebo Magnetic moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Daebo Magnetic 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 Daebo Magnetic 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 Daebo Stock
Daebo Magnetic financial ratios help investors to determine whether Daebo 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 Daebo with respect to the benefits of owning Daebo Magnetic security.