Daido Steel (Germany) Market Value
| DDL Stock | EUR 7.10 0.20 2.74% |
| Symbol | Daido |
Daido Steel '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 Daido Steel'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 Daido Steel.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Daido Steel on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Daido Steel Co or generate 0.0% return on investment in Daido Steel over 30 days. Daido Steel is related to or competes with Nippon Steel, and Reliance Steel. Daido Steel Co., Ltd. manufactures and sells steel products in Japan, rest of Asia, North America, and internationally More
Daido Steel 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 Daido Steel'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 Daido Steel Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 11.84 | |||
| Value At Risk | (2.33) | |||
| Potential Upside | 2.13 |
Daido Steel Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Daido Steel's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Daido Steel's standard deviation. In reality, there are many statistical measures that can use Daido Steel historical prices to predict the future Daido Steel's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.31) | |||
| Total Risk Alpha | (0.53) | |||
| Treynor Ratio | (0.68) |
Daido Steel Backtested Returns
Daido Steel secures Sharpe Ratio (or Efficiency) of -0.17, which denotes the company had a -0.17% return per unit of risk over the last 3 months. Daido Steel Co exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Daido Steel's Variance of 2.94, mean deviation of 1.17, and Standard Deviation of 1.71 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.39, which means possible diversification benefits within a given portfolio. As returns on the market increase, Daido Steel's returns are expected to increase less than the market. However, during the bear market, the loss of holding Daido Steel is expected to be smaller as well. At this point, Daido Steel has a negative expected return of -0.29%. Please make sure to confirm Daido Steel's standard deviation, information ratio, total risk alpha, as well as the relationship between the variance and jensen alpha , to decide if Daido Steel performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.27 |
Poor predictability
Daido Steel Co has poor predictability. Overlapping area represents the amount of predictability between Daido Steel time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Daido Steel price movement. The serial correlation of 0.27 indicates that nearly 27.0% of current Daido Steel price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.27 | |
| Spearman Rank Test | -0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Daido Steel lagged returns against current returns
Autocorrelation, which is Daido Steel 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 Daido Steel's stock expected returns. We can calculate the autocorrelation of Daido Steel returns to help us make a trade decision. For example, suppose you find that Daido Steel 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 |
Daido Steel 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 Daido Steel stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Daido Steel stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Daido Steel stock over time.
Current vs Lagged Prices |
| Timeline |
Daido Steel Lagged Returns
When evaluating Daido Steel's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Daido Steel stock have on its future price. Daido Steel 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, Daido Steel autocorrelation shows the relationship between Daido Steel stock current value and its past values and can show if there is a momentum factor associated with investing in Daido Steel Co.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Daido Stock
Daido Steel financial ratios help investors to determine whether Daido 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 Daido with respect to the benefits of owning Daido Steel security.