Daechang Steel (Korea) Price on September 10, 2024
140520 Stock | KRW 2,240 15.00 0.67% |
If you're considering investing in Daechang Stock, it is important to understand the factors that can impact its price. As of today, the current price of Daechang Steel stands at 2,240, as last reported on the 2nd of December, with the highest price reaching 2,240 and the lowest price hitting 2,200 during the day. Daechang Steel secures Sharpe Ratio (or Efficiency) of -0.0236, which denotes the company had a -0.0236% return per unit of standard deviation over the last 3 months. Daechang Steel Co exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Daechang Steel's Coefficient Of Variation of (5,881), standard deviation of 1.6, and Mean Deviation of 0.8922 to check the risk estimate we provide.
Daechang Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Daechang |
Sharpe Ratio = -0.0236
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Negative Returns | 140520 |
Estimated Market Risk
1.64 actual daily | 14 86% of assets are more volatile |
Expected Return
-0.04 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.02 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Daechang Steel is not performing at its full potential. However, 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 Daechang Steel by adding Daechang Steel to a well-diversified portfolio.
Daechang Steel Valuation on September 10, 2024
It is possible to determine the worth of Daechang Steel on a given historical date. On September 10, 2024 Daechang was worth 2235.0 at the beginning of the trading date compared to the closed value of 2280.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Daechang Steel stock. Still, in general, we apply an absolute valuation method to find Daechang Steel'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 Daechang Steel where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Daechang Steel's related companies.
Open | High | Low | Close | Volume | |
2,235 | 2,285 | 2,200 | 2,235 | 19,991 | |
09/10/2024 | 2,235 | 2,280 | 2,235 | 2,280 | 2,998 |
2,260 | 2,275 | 2,200 | 2,210 | 14,480 |
Backtest Daechang Steel | | | Daechang Steel History | | | Daechang Steel Valuation | Previous | Next |
Daechang Steel Trading Date Momentum on September 10, 2024
On September 11 2024 Daechang Steel Co was traded for 2,210 at the closing time. The highest price during the trading period was 2,275 and the lowest recorded bid was listed for 2,200 . The volume for the day was 14.5 K. This history from September 11, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 3.07% . The overall trading delta to the current price is 0.22% . |
Daechang Steel Fundamentals Correlations and Trends
By evaluating Daechang Steel'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 Daechang Steel's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Daechang financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Daechang Steel Stock history
Daechang Steel 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 Daechang is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Daechang Steel 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 Daechang Steel stock prices may prove useful in developing a viable investing in Daechang Steel
DaeChang Steel Co., Ltd. engages in the manufacture, processing, and sale of steel products in South Korea. DaeChang Steel Co., Ltd. was founded in 1980 and is headquartered in Incheon, South Korea. DaeChang Steel is traded on Korean Securities Dealers Automated Quotations in South Korea.
Daechang Steel Stock Technical Analysis
Daechang Steel 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
Daechang Steel Period Price Range
Low | December 2, 2024
| High |
0.00 | 0.00 |
Daechang Steel 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.
Daechang Steel December 2, 2024 Market Strength
Market strength indicators help investors to evaluate how Daechang Steel stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Daechang Steel shares will generate the highest return on investment. By undertsting and applying Daechang Steel stock market strength indicators, traders can identify Daechang Steel Co entry and exit signals to maximize returns
Daechang Steel Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Daechang Steel's price direction in advance. Along with the technical and fundamental analysis of Daechang Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Daechang 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 | (0.01) | |||
Jensen Alpha | (0.02) | |||
Total Risk Alpha | (0.31) | |||
Treynor Ratio | 0.2471 |
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Pattern Recognition | ||
Price Transform | ||
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Volume Indicators |
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When running Daechang Steel's price analysis, check to measure Daechang Steel'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 Daechang Steel is operating at the current time. Most of Daechang Steel's value examination focuses on studying past and present price action to predict the probability of Daechang Steel's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Daechang Steel's price. Additionally, you may evaluate how the addition of Daechang Steel to your portfolios can decrease your overall portfolio volatility.
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