Dongjin Semichem (Korea) Market Value
| 005290 Stock | KRW 21,850 700.00 3.10% |
| Symbol | Dongjin |
Dongjin Semichem '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 Dongjin Semichem'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 Dongjin Semichem.
| 05/06/2024 |
| 12/02/2024 |
If you would invest 0.00 in Dongjin Semichem on May 6, 2024 and sell it all today you would earn a total of 0.00 from holding Dongjin Semichem Co or generate 0.0% return on investment in Dongjin Semichem over 210 days. Dongjin Semichem is related to or competes with Wonik Ips, Nepes, LEENO Industrial, and LF. Dongjin Semichem Co., Ltd. manufactures, sells, and exports various materials for flat panel displays, semiconductors, a... More
Dongjin Semichem 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 Dongjin Semichem'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 Dongjin Semichem Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.25) | |||
| Maximum Drawdown | 14.46 | |||
| Value At Risk | (4.89) | |||
| Potential Upside | 4.78 |
Dongjin Semichem Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dongjin Semichem's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dongjin Semichem's standard deviation. In reality, there are many statistical measures that can use Dongjin Semichem historical prices to predict the future Dongjin Semichem's volatility.| Risk Adjusted Performance | (0.15) | |||
| Jensen Alpha | (0.57) | |||
| Total Risk Alpha | (1.07) | |||
| Treynor Ratio | 2.89 |
Dongjin Semichem Backtested Returns
Dongjin Semichem 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. Dongjin Semichem Co exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Dongjin Semichem's Standard Deviation of 2.85, variance of 8.14, and Mean Deviation of 2.27 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.21, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Dongjin Semichem are expected to decrease at a much lower rate. During the bear market, Dongjin Semichem is likely to outperform the market. At this point, Dongjin Semichem has a negative expected return of -0.5%. Please make sure to confirm Dongjin Semichem's jensen alpha, treynor ratio, and the relationship between the standard deviation and total risk alpha , to decide if Dongjin Semichem performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.88 |
Very good predictability
Dongjin Semichem Co has very good predictability. Overlapping area represents the amount of predictability between Dongjin Semichem time series from 6th of May 2024 to 19th of August 2024 and 19th of August 2024 to 2nd 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 Dongjin Semichem price movement. The serial correlation of 0.88 indicates that approximately 88.0% of current Dongjin Semichem price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.88 | |
| Spearman Rank Test | 0.86 | |
| Residual Average | 0.0 | |
| Price Variance | 8.3 M |
Dongjin Semichem lagged returns against current returns
Autocorrelation, which is Dongjin Semichem 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 Dongjin Semichem's stock expected returns. We can calculate the autocorrelation of Dongjin Semichem returns to help us make a trade decision. For example, suppose you find that Dongjin Semichem 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 |
Dongjin Semichem 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 Dongjin Semichem stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dongjin Semichem stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dongjin Semichem stock over time.
Current vs Lagged Prices |
| Timeline |
Dongjin Semichem Lagged Returns
When evaluating Dongjin Semichem's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dongjin Semichem stock have on its future price. Dongjin Semichem 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, Dongjin Semichem autocorrelation shows the relationship between Dongjin Semichem stock current value and its past values and can show if there is a momentum factor associated with investing in Dongjin Semichem Co.
Regressed Prices |
| Timeline |
Pair Trading with Dongjin Semichem
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 Dongjin Semichem 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 Dongjin Semichem will appreciate offsetting losses from the drop in the long position's value.Moving together with Dongjin Stock
| 0.62 | 051910 | LG Chemicals | PairCorr |
| 0.71 | 005490 | POSCO Holdings | PairCorr |
| 0.9 | 009830 | Hanwha Solutions | PairCorr |
| 0.74 | 004020 | Hyundai Steel | PairCorr |
Moving against Dongjin Stock
| 0.65 | 032830 | Samsung Life | PairCorr |
| 0.63 | 001430 | SeAH Bestee | PairCorr |
| 0.52 | 105560 | KB Financial Group | PairCorr |
| 0.32 | 316140 | Woori Financial Group | PairCorr |
The ability to find closely correlated positions to Dongjin Semichem could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dongjin Semichem 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 Dongjin Semichem - 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 Dongjin Semichem Co to buy it.
The correlation of Dongjin Semichem 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 Dongjin Semichem moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dongjin Semichem 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 Dongjin Semichem 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 Dongjin Stock
Dongjin Semichem financial ratios help investors to determine whether Dongjin 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 Dongjin with respect to the benefits of owning Dongjin Semichem security.