DAEDUCK ELECTRONICS (Korea) Market Value
| 35320K Stock | 8,240 140.00 1.73% |
| Symbol | DAEDUCK |
DAEDUCK ELECTRONICS '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 DAEDUCK ELECTRONICS'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 DAEDUCK ELECTRONICS.
| 12/15/2022 |
| 12/04/2024 |
If you would invest 0.00 in DAEDUCK ELECTRONICS on December 15, 2022 and sell it all today you would earn a total of 0.00 from holding DAEDUCK ELECTRONICS CoLtd or generate 0.0% return on investment in DAEDUCK ELECTRONICS over 720 days. DAEDUCK ELECTRONICS is related to or competes with Iljin Display, Sungmoon Electronics, Busan Industrial, UNISEM, Finebesteel, Shinhan Inverse, and Fine Besteel. More
DAEDUCK ELECTRONICS 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 DAEDUCK ELECTRONICS'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 DAEDUCK ELECTRONICS CoLtd upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 6.73 | |||
| Value At Risk | (2.23) | |||
| Potential Upside | 2.06 |
DAEDUCK ELECTRONICS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for DAEDUCK ELECTRONICS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as DAEDUCK ELECTRONICS's standard deviation. In reality, there are many statistical measures that can use DAEDUCK ELECTRONICS historical prices to predict the future DAEDUCK ELECTRONICS's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.1) | |||
| Total Risk Alpha | (0.27) | |||
| Treynor Ratio | (5.49) |
DAEDUCK ELECTRONICS CoLtd Backtested Returns
DAEDUCK ELECTRONICS CoLtd secures Sharpe Ratio (or Efficiency) of -0.0198, which denotes the company had a -0.0198% return per unit of risk over the last 3 months. DAEDUCK ELECTRONICS CoLtd exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm DAEDUCK ELECTRONICS's Mean Deviation of 0.917, standard deviation of 1.3, and Variance of 1.69 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0178, which means not very significant fluctuations relative to the market. As returns on the market increase, DAEDUCK ELECTRONICS's returns are expected to increase less than the market. However, during the bear market, the loss of holding DAEDUCK ELECTRONICS is expected to be smaller as well. At this point, DAEDUCK ELECTRONICS CoLtd has a negative expected return of -0.0236%. Please make sure to confirm DAEDUCK ELECTRONICS's market risk adjusted performance, coefficient of variation, jensen alpha, as well as the relationship between the mean deviation and standard deviation , to decide if DAEDUCK ELECTRONICS CoLtd performance from the past will be repeated at some future date.
Auto-correlation | 0.37 |
Below average predictability
DAEDUCK ELECTRONICS CoLtd has below average predictability. Overlapping area represents the amount of predictability between DAEDUCK ELECTRONICS time series from 15th of December 2022 to 10th of December 2023 and 10th of December 2023 to 4th 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 DAEDUCK ELECTRONICS CoLtd price movement. The serial correlation of 0.37 indicates that just about 37.0% of current DAEDUCK ELECTRONICS price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.37 | |
| Spearman Rank Test | 0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 382.9 K |
DAEDUCK ELECTRONICS CoLtd lagged returns against current returns
Autocorrelation, which is DAEDUCK ELECTRONICS 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 DAEDUCK ELECTRONICS's stock expected returns. We can calculate the autocorrelation of DAEDUCK ELECTRONICS returns to help us make a trade decision. For example, suppose you find that DAEDUCK ELECTRONICS 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 |
DAEDUCK ELECTRONICS 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 DAEDUCK ELECTRONICS stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if DAEDUCK ELECTRONICS stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in DAEDUCK ELECTRONICS stock over time.
Current vs Lagged Prices |
| Timeline |
DAEDUCK ELECTRONICS Lagged Returns
When evaluating DAEDUCK ELECTRONICS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of DAEDUCK ELECTRONICS stock have on its future price. DAEDUCK ELECTRONICS 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, DAEDUCK ELECTRONICS autocorrelation shows the relationship between DAEDUCK ELECTRONICS stock current value and its past values and can show if there is a momentum factor associated with investing in DAEDUCK ELECTRONICS CoLtd.
Regressed Prices |
| Timeline |
Pair Trading with DAEDUCK ELECTRONICS
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 DAEDUCK ELECTRONICS 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 DAEDUCK ELECTRONICS will appreciate offsetting losses from the drop in the long position's value.Moving together with DAEDUCK Stock
Moving against DAEDUCK Stock
| 0.53 | 111710 | Namhwa Industrial | PairCorr |
| 0.39 | 014820 | Dongwon System | PairCorr |
| 0.33 | 329180 | Hyundai Heavy Industries | PairCorr |
The ability to find closely correlated positions to DAEDUCK ELECTRONICS could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace DAEDUCK ELECTRONICS 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 DAEDUCK ELECTRONICS - 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 DAEDUCK ELECTRONICS CoLtd to buy it.
The correlation of DAEDUCK ELECTRONICS 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 DAEDUCK ELECTRONICS moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if DAEDUCK ELECTRONICS CoLtd 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 DAEDUCK ELECTRONICS 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 DAEDUCK Stock
DAEDUCK ELECTRONICS financial ratios help investors to determine whether DAEDUCK 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 DAEDUCK with respect to the benefits of owning DAEDUCK ELECTRONICS security.