DRGEM (Korea) Market Value
| 263690 Stock | KRW 6,390 140.00 2.14% |
| Symbol | DRGEM |
DRGEM '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 DRGEM'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 DRGEM.
| 11/02/2024 |
| 12/02/2024 |
If you would invest 0.00 in DRGEM on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding DRGEM or generate 0.0% return on investment in DRGEM over 30 days. DRGEM is related to or competes with Namhwa Industrial, Jeong Moon, Tway Air, Daiyang Metal, Lotte Data, Cheryong Industrial, and Daishin Information. DRGEM Corporation manufactures and sells diagnostic radiography systems worldwide More
DRGEM 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 DRGEM'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 DRGEM upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.26) | |||
| Maximum Drawdown | 10.51 | |||
| Value At Risk | (3.16) | |||
| Potential Upside | 3.21 |
DRGEM Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for DRGEM's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as DRGEM's standard deviation. In reality, there are many statistical measures that can use DRGEM historical prices to predict the future DRGEM's volatility.| Risk Adjusted Performance | (0.14) | |||
| Jensen Alpha | (0.39) | |||
| Total Risk Alpha | (0.72) | |||
| Treynor Ratio | (8.11) |
DRGEM Backtested Returns
DRGEM secures Sharpe Ratio (or Efficiency) of -0.21, which denotes the company had a -0.21% return per unit of return volatility over the last 3 months. DRGEM exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm DRGEM's standard deviation of 2.0, and Mean Deviation of 1.29 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0473, which means not very significant fluctuations relative to the market. As returns on the market increase, DRGEM's returns are expected to increase less than the market. However, during the bear market, the loss of holding DRGEM is expected to be smaller as well. At this point, DRGEM has a negative expected return of -0.43%. Please make sure to confirm DRGEM's coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if DRGEM performance from the past will be repeated in the future.
Auto-correlation | -0.89 |
Excellent reverse predictability
DRGEM has excellent reverse predictability. Overlapping area represents the amount of predictability between DRGEM time series from 2nd of November 2024 to 17th of November 2024 and 17th of November 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 DRGEM price movement. The serial correlation of -0.89 indicates that approximately 89.0% of current DRGEM price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.89 | |
| Spearman Rank Test | -0.88 | |
| Residual Average | 0.0 | |
| Price Variance | 144.1 K |
DRGEM lagged returns against current returns
Autocorrelation, which is DRGEM 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 DRGEM's stock expected returns. We can calculate the autocorrelation of DRGEM returns to help us make a trade decision. For example, suppose you find that DRGEM 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 |
DRGEM 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 DRGEM stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if DRGEM stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in DRGEM stock over time.
Current vs Lagged Prices |
| Timeline |
DRGEM Lagged Returns
When evaluating DRGEM's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of DRGEM stock have on its future price. DRGEM 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, DRGEM autocorrelation shows the relationship between DRGEM stock current value and its past values and can show if there is a momentum factor associated with investing in DRGEM.
Regressed Prices |
| Timeline |
Pair Trading with DRGEM
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 DRGEM 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 DRGEM will appreciate offsetting losses from the drop in the long position's value.Moving together with DRGEM Stock
Moving against DRGEM Stock
The ability to find closely correlated positions to DRGEM could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace DRGEM 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 DRGEM - 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 DRGEM to buy it.
The correlation of DRGEM 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 DRGEM moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if DRGEM 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 DRGEM 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 DRGEM Stock
DRGEM financial ratios help investors to determine whether DRGEM 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 DRGEM with respect to the benefits of owning DRGEM security.