Daejung Chemicals (Korea) Market Value
| 120240 Stock | KRW 16,510 90.00 0.54% |
| Symbol | Daejung |
Daejung Chemicals '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 Daejung Chemicals' 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 Daejung Chemicals.
| 03/07/2024 |
| 06/05/2024 |
If you would invest 0.00 in Daejung Chemicals on March 7, 2024 and sell it all today you would earn a total of 0.00 from holding Daejung Chemicals Metals or generate 0.0% return on investment in Daejung Chemicals over 90 days. Daejung Chemicals is related to or competes with Alton Sports, MEDIANA CoLtd, Hanjin Transportation, MediaZen, and Next Entertainment. ,Ltd. manufactures reagents and raw materials in South Korea More
Daejung Chemicals 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 Daejung Chemicals' 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 Daejung Chemicals Metals upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 3.21 | |||
| Value At Risk | (1.44) | |||
| Potential Upside | 1.06 |
Daejung Chemicals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Daejung Chemicals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Daejung Chemicals' standard deviation. In reality, there are many statistical measures that can use Daejung Chemicals historical prices to predict the future Daejung Chemicals' volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.11) | |||
| Treynor Ratio | (0.84) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Daejung Chemicals' 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.
Daejung Chemicals Metals Backtested Returns
Daejung Chemicals Metals secures Sharpe Ratio (or Efficiency) of -0.0984, which denotes the company had a -0.0984% return per unit of standard deviation over the last 3 months. Daejung Chemicals Metals exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Daejung Chemicals' Mean Deviation of 0.5867, coefficient of variation of (1,016), and Standard Deviation of 0.7765 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.1, which means not very significant fluctuations relative to the market. As returns on the market increase, Daejung Chemicals' returns are expected to increase less than the market. However, during the bear market, the loss of holding Daejung Chemicals is expected to be smaller as well. At this point, Daejung Chemicals Metals has a negative expected return of -0.0764%. Please make sure to confirm Daejung Chemicals' market risk adjusted performance, coefficient of variation, jensen alpha, as well as the relationship between the mean deviation and standard deviation , to decide if Daejung Chemicals Metals performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.80 |
Very good predictability
Daejung Chemicals Metals has very good predictability. Overlapping area represents the amount of predictability between Daejung Chemicals time series from 7th of March 2024 to 21st of April 2024 and 21st of April 2024 to 5th 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 Daejung Chemicals Metals price movement. The serial correlation of 0.8 indicates that around 80.0% of current Daejung Chemicals price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.8 | |
| Spearman Rank Test | 0.79 | |
| Residual Average | 0.0 | |
| Price Variance | 50.5 K |
Daejung Chemicals Metals lagged returns against current returns
Autocorrelation, which is Daejung Chemicals 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 Daejung Chemicals' stock expected returns. We can calculate the autocorrelation of Daejung Chemicals returns to help us make a trade decision. For example, suppose you find that Daejung Chemicals 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 |
Daejung Chemicals 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 Daejung Chemicals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Daejung Chemicals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Daejung Chemicals stock over time.
Current vs Lagged Prices |
| Timeline |
Daejung Chemicals Lagged Returns
When evaluating Daejung Chemicals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Daejung Chemicals stock have on its future price. Daejung Chemicals 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, Daejung Chemicals autocorrelation shows the relationship between Daejung Chemicals stock current value and its past values and can show if there is a momentum factor associated with investing in Daejung Chemicals Metals.
Regressed Prices |
| Timeline |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectOther Information on Investing in Daejung Stock
Daejung Chemicals financial ratios help investors to determine whether Daejung 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 Daejung with respect to the benefits of owning Daejung Chemicals security.