Daedong Metals (Korea) Price on December 2, 2024
| 020400 Stock | KRW 7,270 160.00 2.15% |
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 Metals stands at 7,270, as last reported on the 12th of December 2024, with the highest price reaching 7,450 and the lowest price hitting 7,230 during the day. Daedong Metals appears to be very steady, given 3 months investment horizon. Daedong Metals secures Sharpe Ratio (or Efficiency) of 0.0538, which denotes the company had a 0.0538% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Daedong Metals Co, which you can use to evaluate the volatility of the firm. Please utilize Daedong Metals' Mean Deviation of 2.69, downside deviation of 3.05, and Semi Deviation of 2.82 to check if our risk estimates are consistent with your expectations.
Daedong Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Daedong |
Sharpe Ratio = 0.0538
| Best Portfolio | Best Equity | |||
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| Small Returns | 020400 | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 5.43 actual daily | 48 52% of assets are more volatile |
Expected Return
| 0.29 actual daily | 5 95% of assets have higher returns |
Risk-Adjusted Return
| 0.05 actual daily | 4 96% of assets perform better |
Based on monthly moving average Daedong Metals is performing at about 4% 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 Metals by adding it to a well-diversified portfolio.
Daedong Metals Valuation on December 2, 2024
It is possible to determine the worth of Daedong Metals on a given historical date. On December 2, 2024 Daedong was worth 7500.0 at the beginning of the trading date compared to the closed value of 7850.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Daedong Metals stock. Still, in general, we apply an absolute valuation method to find Daedong Metals' 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 Metals where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Daedong Metals' related companies.
| Open | High | Low | Close | Volume | |
| 7,770 | 7,800 | 7,260 | 7,420 | 161,882 | |
12/02/2024 | 7,500 | 8,680 | 7,490 | 7,850 | 1,236,347 |
| 7,970 | 8,960 | 7,570 | 8,310 | 1,306,908 |
| Backtest Daedong Metals | | | Daedong Metals History | | | Daedong Metals Valuation | Previous | Next |
Daedong Metals Trading Date Momentum on December 2, 2024
| On December 03 2024 Daedong Metals Co was traded for 8,310 at the closing time. The highest price during the trading period was 8,960 and the lowest recorded bid was listed for 7,570 . The volume for the day was 1.3 M. This history from December 3, 2024 contributed to the next trading day price jump. The daily price change to the next closing price was 5.86% . The overall trading delta to the current price is 5.10% . |
Daedong Metals Fundamentals Correlations and Trends
By evaluating Daedong Metals' 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 Metals' 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 Metals Stock history
Daedong Metals 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 Metals 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 Metals stock prices may prove useful in developing a viable investing in Daedong Metals
Daedong Metals Co., Ltd. produces and sells casting parts for agricultural machinery, heavy equipment, and automotive markets in South Korea. Daedong Metals Co., Ltd. is a subsidiary of Daedong Industrial Co., Ltd. DaedongMetal is traded on Korean Securities Dealers Automated Quotations in South Korea.
Daedong Metals Stock Technical Analysis
Daedong Metals 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 Metals Period Price Range
Low | December 12, 2024
| High |
0.00 | 0.00 |
Daedong Metals 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 Metals December 12, 2024 Market Strength
Market strength indicators help investors to evaluate how Daedong Metals 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 Metals shares will generate the highest return on investment. By undertsting and applying Daedong Metals stock market strength indicators, traders can identify Daedong Metals Co entry and exit signals to maximize returns
Daedong Metals Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Daedong Metals' 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 | 0.0378 | |||
| Jensen Alpha | 0.1497 | |||
| Total Risk Alpha | (0.62) | |||
| Sortino Ratio | 0.0274 | |||
| Treynor Ratio | 0.468 |
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| Math Transform | ||
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| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Complementary Tools for Daedong Stock analysis
When running Daedong Metals' price analysis, check to measure Daedong Metals' 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 Metals is operating at the current time. Most of Daedong Metals' value examination focuses on studying past and present price action to predict the probability of Daedong Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Daedong Metals' price. Additionally, you may evaluate how the addition of Daedong Metals to your portfolios can decrease your overall portfolio volatility.
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