Daedong Metals (Korea) Price History

If you're considering investing in Daedong Stock, it is important to understand the factors that can impact its price. Daedong Metals secures Sharpe Ratio (or Efficiency) of -0.11, which denotes the company had a -0.11% return per unit of standard deviation over the last 3 months. Daedong Metals Co exposes fifteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Daedong Metals' Standard Deviation of 1.4, mean deviation of 0.9883, and Coefficient Of Variation of (934.68) to check the risk estimate we provide.
  
Daedong Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.107

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Estimated Market Risk

 1.4
  actual daily
12
88% of assets are more volatile

Expected Return

 -0.15
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.11
  actual daily
0
Most of other assets perform better
Based on monthly moving average Daedong Metals is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Daedong Metals by adding Daedong Metals to a well-diversified portfolio.

Daedong Metals Stock Price History Chart

There are several ways to analyze Daedong Stock price data. The simplest method is using a basic Daedong candlestick price chart, which shows Daedong Metals price history and the buying and selling dynamics of a specified period. Many traders also use subjective judgment to their trading calls, avoiding the need to trade based on technical analysis.

Daedong Stock Price History Data

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05/31/2024
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About Daedong Metals Stock history

Daedong Metals investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Daedong is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Daedong Metals will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Daedong Metals stock prices may prove useful in developing a viable investing in Daedong Metals
Daedong Metals Co., Ltd. produces and sells casting parts for agricultural machinery, heavy equipment, and automotive markets in South Korea. Daedong Metals Co., Ltd. is a subsidiary of Daedong Industrial Co., Ltd. DaedongMetal is traded on Korean Securities Dealers Automated Quotations in South Korea.

Daedong Metals Stock Technical Analysis

Daedong Metals technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Daedong Metals technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Daedong Metals trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

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Daedong Metals Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Daedong Metals' price direction in advance. Along with the technical and fundamental analysis of Daedong Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Daedong to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.

Other Tools for Daedong Stock

When running Daedong Metals' price analysis, check to measure Daedong Metals' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Daedong Metals is operating at the current time. Most of Daedong Metals' value examination focuses on studying past and present price action to predict the probability of Daedong Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Daedong Metals' price. Additionally, you may evaluate how the addition of Daedong Metals to your portfolios can decrease your overall portfolio volatility.
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