Daou Technology (Korea) Market Value
| 023590 Stock | 18,450 100.00 0.54% |
| Symbol | Daou |
Daou Technology '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 Daou Technology'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 Daou Technology.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Daou Technology on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Daou Technology or generate 0.0% return on investment in Daou Technology over 30 days. Daou Technology is related to or competes with AptaBio Therapeutics, Daewoo SBI, Dream Security, Microfriend, Innometry, and Jahwa Electron. More
Daou Technology 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 Daou Technology'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 Daou Technology upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8642 | |||
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 3.8 | |||
| Value At Risk | (1.29) | |||
| Potential Upside | 1.17 |
Daou Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Daou Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Daou Technology's standard deviation. In reality, there are many statistical measures that can use Daou Technology historical prices to predict the future Daou Technology's volatility.| Risk Adjusted Performance | 0.0211 | |||
| Jensen Alpha | 0.0137 | |||
| Total Risk Alpha | (0.10) | |||
| Sortino Ratio | (0.12) | |||
| Treynor Ratio | (0.47) |
Daou Technology Backtested Returns
At this point, Daou Technology is very steady. Daou Technology secures Sharpe Ratio (or Efficiency) of 0.063, which denotes the company had a 0.063% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Daou Technology, which you can use to evaluate the volatility of the firm. Please confirm Daou Technology's Coefficient Of Variation of 3612.11, downside deviation of 0.8642, and Mean Deviation of 0.5506 to check if the risk estimate we provide is consistent with the expected return of 0.0495%. Daou Technology has a performance score of 4 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.0235, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Daou Technology are expected to decrease at a much lower rate. During the bear market, Daou Technology is likely to outperform the market. Daou Technology right now shows a risk of 0.79%. Please confirm Daou Technology downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Daou Technology will be following its price patterns.
Auto-correlation | -0.55 |
Good reverse predictability
Daou Technology has good reverse predictability. Overlapping area represents the amount of predictability between Daou Technology time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th of November 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 Daou Technology price movement. The serial correlation of -0.55 indicates that about 55.0% of current Daou Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.55 | |
| Spearman Rank Test | -0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 85.5 K |
Daou Technology lagged returns against current returns
Autocorrelation, which is Daou Technology 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 Daou Technology's stock expected returns. We can calculate the autocorrelation of Daou Technology returns to help us make a trade decision. For example, suppose you find that Daou Technology 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 |
Daou Technology 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 Daou Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Daou Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Daou Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Daou Technology Lagged Returns
When evaluating Daou Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Daou Technology stock have on its future price. Daou Technology 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, Daou Technology autocorrelation shows the relationship between Daou Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Daou Technology.
Regressed Prices |
| Timeline |
Pair Trading with Daou Technology
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 Daou Technology 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 Daou Technology will appreciate offsetting losses from the drop in the long position's value.Moving together with Daou Stock
The ability to find closely correlated positions to Daou Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Daou Technology 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 Daou Technology - 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 Daou Technology to buy it.
The correlation of Daou Technology 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 Daou Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Daou Technology 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 Daou Technology 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 Daou Stock
Daou Technology financial ratios help investors to determine whether Daou 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 Daou with respect to the benefits of owning Daou Technology security.