Daesung Eltec (Korea) Market Value
| 025440 Stock | KRW 835.00 9.00 1.07% |
| Symbol | Daesung |
Daesung Eltec '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 Daesung Eltec'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 Daesung Eltec.
| 11/18/2024 |
| 12/18/2024 |
If you would invest 0.00 in Daesung Eltec on November 18, 2024 and sell it all today you would earn a total of 0.00 from holding Daesung Eltec Co or generate 0.0% return on investment in Daesung Eltec over 30 days. Daesung Eltec is related to or competes with Hannong Chemicals, Miwon Chemical, Iljin Display, Daejung Chemicals, Nable Communications, TK Chemical, and Youl Chon. Daesung Eltec Co., Ltd. manufactures and supplies automobile multimedia solutions in South Korea and internationally. More
Daesung Eltec 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 Daesung Eltec'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 Daesung Eltec Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 30.0 | |||
| Value At Risk | (7.14) | |||
| Potential Upside | 3.03 |
Daesung Eltec Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Daesung Eltec's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Daesung Eltec's standard deviation. In reality, there are many statistical measures that can use Daesung Eltec historical prices to predict the future Daesung Eltec's volatility.| Risk Adjusted Performance | (0.13) | |||
| Jensen Alpha | (0.97) | |||
| Total Risk Alpha | (1.33) | |||
| Treynor Ratio | (1.79) |
Daesung Eltec Backtested Returns
Daesung Eltec secures Sharpe Ratio (or Efficiency) of -0.16, which denotes the company had a -0.16% return per unit of standard deviation over the last 3 months. Daesung Eltec Co exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Daesung Eltec's Standard Deviation of 4.9, mean deviation of 2.66, and Coefficient Of Variation of (524.51) to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.53, which means possible diversification benefits within a given portfolio. As returns on the market increase, Daesung Eltec's returns are expected to increase less than the market. However, during the bear market, the loss of holding Daesung Eltec is expected to be smaller as well. At this point, Daesung Eltec has a negative expected return of -0.6%. Please make sure to confirm Daesung Eltec's mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Daesung Eltec performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.35 |
Below average predictability
Daesung Eltec Co has below average predictability. Overlapping area represents the amount of predictability between Daesung Eltec time series from 18th of November 2024 to 3rd of December 2024 and 3rd of December 2024 to 18th 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 Daesung Eltec price movement. The serial correlation of 0.35 indicates that nearly 35.0% of current Daesung Eltec price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.35 | |
| Spearman Rank Test | 0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 72.98 |
Daesung Eltec lagged returns against current returns
Autocorrelation, which is Daesung Eltec 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 Daesung Eltec's stock expected returns. We can calculate the autocorrelation of Daesung Eltec returns to help us make a trade decision. For example, suppose you find that Daesung Eltec 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 |
Daesung Eltec 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 Daesung Eltec stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Daesung Eltec stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Daesung Eltec stock over time.
Current vs Lagged Prices |
| Timeline |
Daesung Eltec Lagged Returns
When evaluating Daesung Eltec's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Daesung Eltec stock have on its future price. Daesung Eltec 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, Daesung Eltec autocorrelation shows the relationship between Daesung Eltec stock current value and its past values and can show if there is a momentum factor associated with investing in Daesung Eltec Co.
Regressed Prices |
| Timeline |
Pair Trading with Daesung Eltec
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 Daesung Eltec 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 Daesung Eltec will appreciate offsetting losses from the drop in the long position's value.Moving against Daesung Stock
| 0.72 | 175330 | Jb Financial | PairCorr |
| 0.68 | 005945 | Nh Investment And | PairCorr |
| 0.34 | 316140 | Woori Financial Group | PairCorr |
The ability to find closely correlated positions to Daesung Eltec could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Daesung Eltec 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 Daesung Eltec - 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 Daesung Eltec Co to buy it.
The correlation of Daesung Eltec 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 Daesung Eltec moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Daesung Eltec 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 Daesung Eltec 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 Daesung Stock
Daesung Eltec financial ratios help investors to determine whether Daesung 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 Daesung with respect to the benefits of owning Daesung Eltec security.