Daedong Gear (Korea) Price on August 30, 2023
| 008830 Stock | KRW 14,560 960.00 6.19% |
If you're considering investing in Daedong Stock, it is important to understand the factors that can impact its price. As of today, the current price of Daedong Gear stands at 14,560, as last reported on the 12th of December 2024, with the highest price reaching 14,880 and the lowest price hitting 14,010 during the day. Daedong Gear is very steady given 3 months investment horizon. Daedong Gear secures Sharpe Ratio (or Efficiency) of 0.22, which denotes the company had a 0.22% return per unit of standard deviation over the last 3 months. We were able to analyze twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.36% are justified by taking the suggested risk. Use Daedong Gear Semi Deviation of 2.55, mean deviation of 3.57, and Downside Deviation of 3.7 to evaluate company specific risk that cannot be diversified away.
Daedong Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Daedong |
Sharpe Ratio = 0.2199
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | 008830 | |||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 6.17 actual daily | 54 54% of assets are less volatile |
Expected Return
| 1.36 actual daily | 27 73% of assets have higher returns |
Risk-Adjusted Return
| 0.22 actual daily | 17 83% of assets perform better |
Based on monthly moving average Daedong Gear is performing at about 17% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Daedong Gear by adding it to a well-diversified portfolio.
Daedong Gear Valuation on August 30, 2023
It is possible to determine the worth of Daedong Gear on a given historical date. On August 30, 2023 Daedong was worth 5750.89 at the beginning of the trading date compared to the closed value of 5790.76. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Daedong Gear stock. Still, in general, we apply an absolute valuation method to find Daedong Gear's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Daedong Gear where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Daedong Gear's related companies.
| Open | High | Low | Close | Volume | |
| 5,701 | 5,821 | 5,701 | 5,751 | 14,919 | |
08/30/2023 | 5,751 | 5,841 | 5,691 | 5,791 | 6,912 |
| 5,791 | 5,831 | 5,691 | 5,691 | 6,784 |
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Daedong Gear Trading Date Momentum on August 30, 2023
| On August 31 2023 Daedong Gear Co was traded for 5,691 at the closing time. The highest price during the trading period was 5,831 and the lowest recorded bid was listed for 5,691 . The volume for the day was 6.8 K. This history from August 31, 2023 contributed to the next trading day price decline. The daily price change to the next closing price was 1.72% . The overall trading delta to the current price is 77.62% . |
Daedong Gear Fundamentals Correlations and Trends
By evaluating Daedong Gear's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Daedong Gear's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Daedong financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Daedong Gear Stock history
Daedong Gear investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Daedong is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Daedong Gear will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Daedong Gear stock prices may prove useful in developing a viable investing in Daedong Gear
Daedong Gear Co., Ltd. manufactures and sells power components in South Korea and internationally. Daedong Gear Co., Ltd. was founded in 1973 and is based in Sacheon, South Korea. DaedongGear is traded on Korean Securities Dealers Automated Quotations in South Korea.
Daedong Gear Stock Technical Analysis
Daedong Gear technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Daedong Gear Period Price Range
Low | December 12, 2024
| High |
0.00 | 0.00 |
Daedong Gear Co cannot be verified against its exchange. Please verify the symbol is currently traded on KOSDAQ. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Daedong Gear December 12, 2024 Market Strength
Market strength indicators help investors to evaluate how Daedong Gear stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Daedong Gear shares will generate the highest return on investment. By undertsting and applying Daedong Gear stock market strength indicators, traders can identify Daedong Gear Co entry and exit signals to maximize returns
Daedong Gear Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Daedong Gear's price direction in advance. Along with the technical and fundamental analysis of Daedong Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Daedong to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1613 | |||
| Jensen Alpha | 1.2 | |||
| Total Risk Alpha | 0.4024 | |||
| Sortino Ratio | 0.3046 | |||
| Treynor Ratio | 4.94 |
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| Volume Indicators |
Complementary Tools for Daedong Stock analysis
When running Daedong Gear's price analysis, check to measure Daedong Gear's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Daedong Gear is operating at the current time. Most of Daedong Gear's value examination focuses on studying past and present price action to predict the probability of Daedong Gear's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Daedong Gear's price. Additionally, you may evaluate how the addition of Daedong Gear to your portfolios can decrease your overall portfolio volatility.
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