Dongbu Insurance (Korea) Market Value
| 005830 Stock | 109,200 800.00 0.74% |
| Symbol | Dongbu |
Dongbu Insurance '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 Dongbu Insurance'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 Dongbu Insurance.
| 12/12/2022 |
| 12/01/2024 |
If you would invest 0.00 in Dongbu Insurance on December 12, 2022 and sell it all today you would earn a total of 0.00 from holding Dongbu Insurance Co or generate 0.0% return on investment in Dongbu Insurance over 720 days. Dongbu Insurance is related to or competes with AptaBio Therapeutics, Daewoo SBI, Dream Security, Microfriend, Innometry, and Jahwa Electron. More
Dongbu Insurance 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 Dongbu Insurance'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 Dongbu Insurance Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 10.66 | |||
| Value At Risk | (4.76) | |||
| Potential Upside | 3.27 |
Dongbu Insurance Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dongbu Insurance's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dongbu Insurance's standard deviation. In reality, there are many statistical measures that can use Dongbu Insurance historical prices to predict the future Dongbu Insurance's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.55) | |||
| Treynor Ratio | 1.08 |
Dongbu Insurance Backtested Returns
Dongbu Insurance secures Sharpe Ratio (or Efficiency) of -0.0355, which denotes the company had a -0.0355% return per unit of risk over the last 3 months. Dongbu Insurance Co exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Dongbu Insurance's Standard Deviation of 2.53, variance of 6.42, and Mean Deviation of 2.08 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.12, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Dongbu Insurance are expected to decrease at a much lower rate. During the bear market, Dongbu Insurance is likely to outperform the market. At this point, Dongbu Insurance has a negative expected return of -0.0933%. Please make sure to confirm Dongbu Insurance's jensen alpha, treynor ratio, and the relationship between the standard deviation and total risk alpha , to decide if Dongbu Insurance performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.74 |
Good predictability
Dongbu Insurance Co has good predictability. Overlapping area represents the amount of predictability between Dongbu Insurance time series from 12th of December 2022 to 7th of December 2023 and 7th of December 2023 to 1st 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 Dongbu Insurance price movement. The serial correlation of 0.74 indicates that around 74.0% of current Dongbu Insurance price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.74 | |
| Spearman Rank Test | 0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 158.5 M |
Dongbu Insurance lagged returns against current returns
Autocorrelation, which is Dongbu Insurance 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 Dongbu Insurance's stock expected returns. We can calculate the autocorrelation of Dongbu Insurance returns to help us make a trade decision. For example, suppose you find that Dongbu Insurance 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 |
Dongbu Insurance 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 Dongbu Insurance stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dongbu Insurance stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dongbu Insurance stock over time.
Current vs Lagged Prices |
| Timeline |
Dongbu Insurance Lagged Returns
When evaluating Dongbu Insurance's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dongbu Insurance stock have on its future price. Dongbu Insurance 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, Dongbu Insurance autocorrelation shows the relationship between Dongbu Insurance stock current value and its past values and can show if there is a momentum factor associated with investing in Dongbu Insurance Co.
Regressed Prices |
| Timeline |
Pair Trading with Dongbu Insurance
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 Dongbu Insurance 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 Dongbu Insurance will appreciate offsetting losses from the drop in the long position's value.Moving together with Dongbu Stock
| 0.76 | 293780 | AptaBio Therapeutics | PairCorr |
| 0.8 | 215480 | Daewoo SBI SPAC | PairCorr |
| 0.71 | 302430 | Innometry | PairCorr |
Moving against Dongbu Stock
The ability to find closely correlated positions to Dongbu Insurance could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dongbu Insurance 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 Dongbu Insurance - 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 Dongbu Insurance Co to buy it.
The correlation of Dongbu Insurance 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 Dongbu Insurance moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dongbu Insurance 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 Dongbu Insurance 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 Dongbu Stock
Dongbu Insurance financial ratios help investors to determine whether Dongbu 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 Dongbu with respect to the benefits of owning Dongbu Insurance security.