Doosan Bobcat (Korea) Market Value
| 241560 Stock | 47,200 500.00 1.07% |
| Symbol | Doosan |
Doosan Bobcat '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 Doosan Bobcat'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 Doosan Bobcat.
| 10/22/2024 |
| 12/21/2024 |
If you would invest 0.00 in Doosan Bobcat on October 22, 2024 and sell it all today you would earn a total of 0.00 from holding Doosan Bobcat or generate 0.0% return on investment in Doosan Bobcat over 60 days. Doosan Bobcat is related to or competes with Digital Power, Seoul Semiconductor, BIT Computer, Korean Reinsurance, Ssangyong Information, Lotte Non-Life, and BGF Retail. More
Doosan Bobcat 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 Doosan Bobcat'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 Doosan Bobcat upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.46 | |||
| Information Ratio | 0.0822 | |||
| Maximum Drawdown | 13.97 | |||
| Value At Risk | (3.45) | |||
| Potential Upside | 6.35 |
Doosan Bobcat Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Doosan Bobcat's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Doosan Bobcat's standard deviation. In reality, there are many statistical measures that can use Doosan Bobcat historical prices to predict the future Doosan Bobcat's volatility.| Risk Adjusted Performance | 0.0816 | |||
| Jensen Alpha | 0.2414 | |||
| Total Risk Alpha | 0.169 | |||
| Sortino Ratio | 0.0906 | |||
| Treynor Ratio | 1.55 |
Doosan Bobcat Backtested Returns
Doosan Bobcat appears to be very steady, given 3 months investment horizon. Doosan Bobcat secures Sharpe Ratio (or Efficiency) of 0.0814, which denotes the company had a 0.0814% return per unit of risk over the last 3 months. We have found thirty technical indicators for Doosan Bobcat, which you can use to evaluate the volatility of the firm. Please utilize Doosan Bobcat's Mean Deviation of 1.98, coefficient of variation of 1062.39, and Downside Deviation of 2.46 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Doosan Bobcat holds a performance score of 6. The firm shows a Beta (market volatility) of 0.16, which means not very significant fluctuations relative to the market. As returns on the market increase, Doosan Bobcat's returns are expected to increase less than the market. However, during the bear market, the loss of holding Doosan Bobcat is expected to be smaller as well. Please check Doosan Bobcat's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Doosan Bobcat's price patterns will revert.
Auto-correlation | -0.21 |
Weak reverse predictability
Doosan Bobcat has weak reverse predictability. Overlapping area represents the amount of predictability between Doosan Bobcat time series from 22nd of October 2024 to 21st of November 2024 and 21st of November 2024 to 21st 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 Doosan Bobcat price movement. The serial correlation of -0.21 indicates that over 21.0% of current Doosan Bobcat price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.21 | |
| Spearman Rank Test | -0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 8 M |
Doosan Bobcat lagged returns against current returns
Autocorrelation, which is Doosan Bobcat 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 Doosan Bobcat's stock expected returns. We can calculate the autocorrelation of Doosan Bobcat returns to help us make a trade decision. For example, suppose you find that Doosan Bobcat 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 |
Doosan Bobcat 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 Doosan Bobcat stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Doosan Bobcat stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Doosan Bobcat stock over time.
Current vs Lagged Prices |
| Timeline |
Doosan Bobcat Lagged Returns
When evaluating Doosan Bobcat's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Doosan Bobcat stock have on its future price. Doosan Bobcat 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, Doosan Bobcat autocorrelation shows the relationship between Doosan Bobcat stock current value and its past values and can show if there is a momentum factor associated with investing in Doosan Bobcat.
Regressed Prices |
| Timeline |
Pair Trading with Doosan Bobcat
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 Doosan Bobcat 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 Doosan Bobcat will appreciate offsetting losses from the drop in the long position's value.Moving against Doosan Stock
| 0.52 | 055550 | Shinhan Financial | PairCorr |
| 0.48 | 105560 | KB Financial Group | PairCorr |
| 0.35 | 003920 | Namyang Dairy | PairCorr |
The ability to find closely correlated positions to Doosan Bobcat could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Doosan Bobcat 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 Doosan Bobcat - 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 Doosan Bobcat to buy it.
The correlation of Doosan Bobcat 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 Doosan Bobcat moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Doosan Bobcat 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 Doosan Bobcat 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 Doosan Stock
Doosan Bobcat financial ratios help investors to determine whether Doosan 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 Doosan with respect to the benefits of owning Doosan Bobcat security.