Dong Il (Korea) Market Value
| 002690 Stock | 1,372 7.00 0.51% |
| Symbol | Dong |
Dong Il '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 Dong Il'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 Dong Il.
| 11/14/2024 |
| 12/14/2024 |
If you would invest 0.00 in Dong Il on November 14, 2024 and sell it all today you would earn a total of 0.00 from holding Dong Il Steel or generate 0.0% return on investment in Dong Il over 30 days. Dong Il is related to or competes with Seah Steel, Ni Steel, Korea Steel, Bookook Steel, Finebesteel, and Han Kook. More
Dong Il 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 Dong Il'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 Dong Il Steel upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 22.12 | |||
| Value At Risk | (3.12) | |||
| Potential Upside | 4.3 |
Dong Il Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dong Il's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dong Il's standard deviation. In reality, there are many statistical measures that can use Dong Il historical prices to predict the future Dong Il's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.46) | |||
| Treynor Ratio | (0.33) |
Dong Il Steel Backtested Returns
Dong Il Steel secures Sharpe Ratio (or Efficiency) of -0.0676, which denotes the company had a -0.0676% return per unit of risk over the last 3 months. Dong Il Steel exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Dong Il's Standard Deviation of 2.71, mean deviation of 1.51, and Variance of 7.34 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.37, which means possible diversification benefits within a given portfolio. As returns on the market increase, Dong Il's returns are expected to increase less than the market. However, during the bear market, the loss of holding Dong Il is expected to be smaller as well. At this point, Dong Il Steel has a negative expected return of -0.18%. Please make sure to confirm Dong Il's jensen alpha, treynor ratio, and the relationship between the standard deviation and total risk alpha , to decide if Dong Il Steel performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.26 |
Poor predictability
Dong Il Steel has poor predictability. Overlapping area represents the amount of predictability between Dong Il time series from 14th of November 2024 to 29th of November 2024 and 29th of November 2024 to 14th of December 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 Dong Il Steel price movement. The serial correlation of 0.26 indicates that nearly 26.0% of current Dong Il price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.26 | |
| Spearman Rank Test | -0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 2231.79 |
Dong Il Steel lagged returns against current returns
Autocorrelation, which is Dong Il 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 Dong Il's stock expected returns. We can calculate the autocorrelation of Dong Il returns to help us make a trade decision. For example, suppose you find that Dong Il 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 |
Dong Il 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 Dong Il stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dong Il stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dong Il stock over time.
Current vs Lagged Prices |
| Timeline |
Dong Il Lagged Returns
When evaluating Dong Il's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dong Il stock have on its future price. Dong Il 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, Dong Il autocorrelation shows the relationship between Dong Il stock current value and its past values and can show if there is a momentum factor associated with investing in Dong Il Steel.
Regressed Prices |
| Timeline |
Pair Trading with Dong Il
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 Dong Il 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 Dong Il will appreciate offsetting losses from the drop in the long position's value.Moving together with Dong Stock
Moving against Dong Stock
The ability to find closely correlated positions to Dong Il could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dong Il 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 Dong Il - 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 Dong Il Steel to buy it.
The correlation of Dong Il 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 Dong Il moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dong Il Steel 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 Dong Il 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 Dong Stock
Dong Il financial ratios help investors to determine whether Dong 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 Dong with respect to the benefits of owning Dong Il security.