DAEMO Engineering (Korea) Market Value
| 317850 Stock | KRW 9,860 80.00 0.80% |
| Symbol | DAEMO |
DAEMO Engineering '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 DAEMO Engineering'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 DAEMO Engineering.
| 10/30/2023 |
| 11/23/2024 |
If you would invest 0.00 in DAEMO Engineering on October 30, 2023 and sell it all today you would earn a total of 0.00 from holding DAEMO Engineering Co or generate 0.0% return on investment in DAEMO Engineering over 390 days. DAEMO Engineering is related to or competes with Lotte Data, Seoul Food, Kbi Metal, Taegu Broadcasting, Songwon Industrial, Sam Yang, and Ssangyong Information. DAEMO Engineering Co., Ltd. manufactures and sells hydraulic attachments worldwide More
DAEMO Engineering 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 DAEMO Engineering'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 DAEMO Engineering Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.66 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 25.95 | |||
| Value At Risk | (5.15) | |||
| Potential Upside | 5.58 |
DAEMO Engineering Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for DAEMO Engineering's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as DAEMO Engineering's standard deviation. In reality, there are many statistical measures that can use DAEMO Engineering historical prices to predict the future DAEMO Engineering's volatility.| Risk Adjusted Performance | 0.0231 | |||
| Jensen Alpha | (0.10) | |||
| Total Risk Alpha | (0.57) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.0486 |
DAEMO Engineering Backtested Returns
At this point, DAEMO Engineering is very steady. DAEMO Engineering secures Sharpe Ratio (or Efficiency) of 0.0234, which denotes the company had a 0.0234% return per unit of risk over the last 3 months. We have found thirty technical indicators for DAEMO Engineering Co, which you can use to evaluate the volatility of the entity. Please confirm DAEMO Engineering's Coefficient Of Variation of 5127.02, downside deviation of 3.66, and Mean Deviation of 2.99 to check if the risk estimate we provide is consistent with the expected return of 0.0967%. DAEMO Engineering has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 1.43, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, DAEMO Engineering will likely underperform. DAEMO Engineering at this moment shows a risk of 4.13%. Please confirm DAEMO Engineering market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to decide if DAEMO Engineering will be following its price patterns.
Auto-correlation | -0.09 |
Very weak reverse predictability
DAEMO Engineering Co has very weak reverse predictability. Overlapping area represents the amount of predictability between DAEMO Engineering time series from 30th of October 2023 to 12th of May 2024 and 12th of May 2024 to 23rd 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 DAEMO Engineering price movement. The serial correlation of -0.09 indicates that less than 9.0% of current DAEMO Engineering price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.09 | |
| Spearman Rank Test | -0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 927.1 K |
DAEMO Engineering lagged returns against current returns
Autocorrelation, which is DAEMO Engineering 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 DAEMO Engineering's stock expected returns. We can calculate the autocorrelation of DAEMO Engineering returns to help us make a trade decision. For example, suppose you find that DAEMO Engineering 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 |
DAEMO Engineering 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 DAEMO Engineering stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if DAEMO Engineering stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in DAEMO Engineering stock over time.
Current vs Lagged Prices |
| Timeline |
DAEMO Engineering Lagged Returns
When evaluating DAEMO Engineering's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of DAEMO Engineering stock have on its future price. DAEMO Engineering 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, DAEMO Engineering autocorrelation shows the relationship between DAEMO Engineering stock current value and its past values and can show if there is a momentum factor associated with investing in DAEMO Engineering Co.
Regressed Prices |
| Timeline |
Pair Trading with DAEMO Engineering
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 DAEMO Engineering 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 DAEMO Engineering will appreciate offsetting losses from the drop in the long position's value.Moving against DAEMO Stock
The ability to find closely correlated positions to DAEMO Engineering could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace DAEMO Engineering 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 DAEMO Engineering - 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 DAEMO Engineering Co to buy it.
The correlation of DAEMO Engineering 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 DAEMO Engineering moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if DAEMO Engineering 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 DAEMO Engineering 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 DAEMO Stock
DAEMO Engineering financial ratios help investors to determine whether DAEMO 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 DAEMO with respect to the benefits of owning DAEMO Engineering security.