Digital Power (Korea) Market Value
| 026890 Stock | 10,690 40.00 0.38% |
| Symbol | Digital |
Digital Power '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 Digital Power'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 Digital Power.
| 04/11/2024 |
| 06/10/2024 |
If you would invest 0.00 in Digital Power on April 11, 2024 and sell it all today you would earn a total of 0.00 from holding Digital Power Communications or generate 0.0% return on investment in Digital Power over 60 days. Digital Power is related to or competes with Wave Electronics, Jeisys Medical, Green Cross, Samji Electronics, Korea Steel, Young Heung, and Daeduck Electronics. More
Digital Power 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 Digital Power'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 Digital Power Communications upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.72 | |||
| Information Ratio | 0.3625 | |||
| Maximum Drawdown | 9.18 | |||
| Value At Risk | (1.81) | |||
| Potential Upside | 3.68 |
Digital Power Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Digital Power's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Digital Power's standard deviation. In reality, there are many statistical measures that can use Digital Power historical prices to predict the future Digital Power's volatility.| Risk Adjusted Performance | 0.2341 | |||
| Jensen Alpha | 0.6749 | |||
| Total Risk Alpha | 0.6714 | |||
| Sortino Ratio | 0.3906 | |||
| Treynor Ratio | (19.06) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Digital Power's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Digital Power Commun Backtested Returns
Digital Power appears to be very steady, given 3 months investment horizon. Digital Power Commun secures Sharpe Ratio (or Efficiency) of 0.37, which denotes the company had a 0.37% return per unit of risk over the last 3 months. By reviewing Digital Power's technical indicators, you can evaluate if the expected return of 0.68% is justified by implied risk. Please utilize Digital Power's Coefficient Of Variation of 271.34, mean deviation of 1.44, and Downside Deviation of 1.72 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Digital Power holds a performance score of 28. The firm shows a Beta (market volatility) of -0.0354, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Digital Power are expected to decrease at a much lower rate. During the bear market, Digital Power is likely to outperform the market. Please check Digital Power's market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to make a quick decision on whether Digital Power's price patterns will revert.
Auto-correlation | 0.75 |
Good predictability
Digital Power Communications has good predictability. Overlapping area represents the amount of predictability between Digital Power time series from 11th of April 2024 to 11th of May 2024 and 11th of May 2024 to 10th of June 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 Digital Power Commun price movement. The serial correlation of 0.75 indicates that around 75.0% of current Digital Power price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.75 | |
| Spearman Rank Test | 0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 260.1 K |
Digital Power Commun lagged returns against current returns
Autocorrelation, which is Digital Power 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 Digital Power's stock expected returns. We can calculate the autocorrelation of Digital Power returns to help us make a trade decision. For example, suppose you find that Digital Power 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 |
Digital Power 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 Digital Power stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Digital Power stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Digital Power stock over time.
Current vs Lagged Prices |
| Timeline |
Digital Power Lagged Returns
When evaluating Digital Power's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Digital Power stock have on its future price. Digital Power 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, Digital Power autocorrelation shows the relationship between Digital Power stock current value and its past values and can show if there is a momentum factor associated with investing in Digital Power Communications.
Regressed Prices |
| Timeline |
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Try AI Portfolio ArchitectOther Information on Investing in Digital Stock
Digital Power financial ratios help investors to determine whether Digital 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 Digital with respect to the benefits of owning Digital Power security.