Daedong Metals (Korea) Alpha and Beta Analysis
| 020400 Stock | KRW 8,570 50.00 0.59% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Daedong Metals Co. It also helps investors analyze the systematic and unsystematic risks associated with investing in Daedong Metals over a specified time horizon. Remember, high Daedong Metals' alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to Daedong Metals' market risk premium analysis include:
Beta 0.16 | Alpha (0.20) | Risk 1.43 | Sharpe Ratio (0.13) | Expected Return (0.18) |
Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
Daedong |
Daedong Metals Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Daedong Metals market risk premium is the additional return an investor will receive from holding Daedong Metals long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Daedong Metals. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Daedong Metals' performance over market.| α | -0.2 | β | 0.16 |
Daedong Metals expected buy-and-hold returns
Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Daedong Metals' Buy-and-hold return. Our buy-and-hold chart shows how Daedong Metals performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Daedong Metals Market Price Analysis
Market price analysis indicators help investors to evaluate how Daedong Metals stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Daedong Metals shares will generate the highest return on investment. By understating and applying Daedong Metals stock market price indicators, traders can identify Daedong Metals position entry and exit signals to maximize returns.
Daedong Metals Return and Market Media
The median price of Daedong Metals for the period between Fri, Feb 16, 2024 and Thu, May 16, 2024 is 8670.0 with a coefficient of variation of 4.73. The daily time series for the period is distributed with a sample standard deviation of 417.77, arithmetic mean of 8828.48, and mean deviation of 360.33. The Stock did not receive any noticable media coverage during the period. Price Growth (%) |
| Timeline |
About Daedong Metals Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Daedong or other stocks. Alpha measures the amount that position in Daedong Metals has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Daedong Metals in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Daedong Metals' short interest history, or implied volatility extrapolated from Daedong Metals options trading.
Build Portfolio with Daedong Metals
Your optimized portfolios are the building block of your wealth. We provide an intuitive interface to determine which securities in a portfolio should be removed or rebalanced to achieve better diversification, find the right mix of securities that minimizes portfolio risk for a given return, or maximize portfolio expected return for a given risk level.Build Diversified Portfolios
Align your risk with return expectations
Check out Daedong Metals Backtesting, Daedong Metals Valuation, Daedong Metals Correlation, Daedong Metals Hype Analysis, Daedong Metals Volatility, Daedong Metals History and analyze Daedong Metals Performance. You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for Daedong Stock analysis
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.
| Premium Stories Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope | |
| Sectors List of equity sectors categorizing publicly traded companies based on their primary business activities | |
| Portfolio Suggestion Get suggestions outside of your existing asset allocation including your own model portfolios | |
| Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios | |
| Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios | |
| Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing | |
| Performance Analysis Check effects of mean-variance optimization against your current asset allocation | |
| ETF Categories List of ETF categories grouped based on various criteria, such as the investment strategy or type of investments |
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.