Daelim Trading (Korea) Market Value
| 006570 Stock | 2,775 20.00 0.73% |
| Symbol | Daelim |
Daelim Trading '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 Daelim Trading'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 Daelim Trading.
| 09/03/2024 |
| 12/02/2024 |
If you would invest 0.00 in Daelim Trading on September 3, 2024 and sell it all today you would earn a total of 0.00 from holding Daelim Trading Co or generate 0.0% return on investment in Daelim Trading over 90 days. Daelim Trading is related to or competes with Daishin Information, Hana Financial, Automobile, KakaoBank Corp, Nice Information, and Jeju Bank. More
Daelim Trading 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 Daelim Trading'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 Daelim Trading Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 10.73 | |||
| Value At Risk | (4.23) | |||
| Potential Upside | 4.06 |
Daelim Trading Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Daelim Trading's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Daelim Trading's standard deviation. In reality, there are many statistical measures that can use Daelim Trading historical prices to predict the future Daelim Trading's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.47) | |||
| Treynor Ratio | 0.3425 |
Daelim Trading Backtested Returns
Daelim Trading secures Sharpe Ratio (or Efficiency) of -0.0304, which denotes the company had a -0.0304% return per unit of standard deviation over the last 3 months. Daelim Trading Co exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Daelim Trading's Standard Deviation of 2.34, mean deviation of 1.74, and Coefficient Of Variation of (3,289) to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.24, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Daelim Trading are expected to decrease at a much lower rate. During the bear market, Daelim Trading is likely to outperform the market. At this point, Daelim Trading has a negative expected return of -0.071%. Please make sure to confirm Daelim Trading's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Daelim Trading performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.1 |
Very weak reverse predictability
Daelim Trading Co has very weak reverse predictability. Overlapping area represents the amount of predictability between Daelim Trading time series from 3rd of September 2024 to 18th of October 2024 and 18th of October 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 Daelim Trading price movement. The serial correlation of -0.1 indicates that less than 10.0% of current Daelim Trading price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.1 | |
| Spearman Rank Test | -0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 10.9 K |
Daelim Trading lagged returns against current returns
Autocorrelation, which is Daelim Trading 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 Daelim Trading's stock expected returns. We can calculate the autocorrelation of Daelim Trading returns to help us make a trade decision. For example, suppose you find that Daelim Trading 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 |
Daelim Trading 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 Daelim Trading stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Daelim Trading stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Daelim Trading stock over time.
Current vs Lagged Prices |
| Timeline |
Daelim Trading Lagged Returns
When evaluating Daelim Trading's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Daelim Trading stock have on its future price. Daelim Trading 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, Daelim Trading autocorrelation shows the relationship between Daelim Trading stock current value and its past values and can show if there is a momentum factor associated with investing in Daelim Trading Co.
Regressed Prices |
| Timeline |
Pair Trading with Daelim Trading
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 Daelim Trading 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 Daelim Trading will appreciate offsetting losses from the drop in the long position's value.Moving against Daelim Stock
The ability to find closely correlated positions to Daelim Trading could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Daelim Trading 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 Daelim Trading - 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 Daelim Trading Co to buy it.
The correlation of Daelim Trading 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 Daelim Trading moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Daelim Trading 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 Daelim Trading 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 Daelim Stock
Daelim Trading financial ratios help investors to determine whether Daelim 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 Daelim with respect to the benefits of owning Daelim Trading security.