Daiyang Metal (Korea) Market Value
| 009190 Stock | 2,360 365.00 18.30% |
| Symbol | Daiyang |
Daiyang Metal '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 Daiyang Metal'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 Daiyang Metal.
| 11/23/2023 |
| 09/18/2024 |
If you would invest 0.00 in Daiyang Metal on November 23, 2023 and sell it all today you would earn a total of 0.00 from holding Daiyang Metal Co or generate 0.0% return on investment in Daiyang Metal over 300 days. Daiyang Metal is related to or competes with AptaBio Therapeutics, Daewoo SBI, Dream Security, Microfriend, Innometry, and Jahwa Electron. More
Daiyang Metal 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 Daiyang Metal'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 Daiyang Metal Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.03 | |||
| Information Ratio | 0.0902 | |||
| Maximum Drawdown | 33.61 | |||
| Value At Risk | (5.31) | |||
| Potential Upside | 7.28 |
Daiyang Metal Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Daiyang Metal's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Daiyang Metal's standard deviation. In reality, there are many statistical measures that can use Daiyang Metal historical prices to predict the future Daiyang Metal's volatility.| Risk Adjusted Performance | 0.0985 | |||
| Jensen Alpha | 0.549 | |||
| Total Risk Alpha | (0.10) | |||
| Sortino Ratio | 0.1501 | |||
| Treynor Ratio | 5.21 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Daiyang Metal'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.
Daiyang Metal Backtested Returns
Daiyang Metal appears to be very steady, given 3 months investment horizon. Daiyang Metal secures Sharpe Ratio (or Efficiency) of 0.13, which denotes the company had a 0.13% return per unit of risk over the last 3 months. By reviewing Daiyang Metal's technical indicators, you can evaluate if the expected return of 0.66% is justified by implied risk. Please utilize Daiyang Metal's Downside Deviation of 3.03, coefficient of variation of 885.36, and Mean Deviation of 3.02 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Daiyang Metal holds a performance score of 10. The firm shows a Beta (market volatility) of 0.11, which means not very significant fluctuations relative to the market. As returns on the market increase, Daiyang Metal's returns are expected to increase less than the market. However, during the bear market, the loss of holding Daiyang Metal is expected to be smaller as well. Please check Daiyang Metal's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether Daiyang Metal's price patterns will revert.
Auto-correlation | 0.43 |
Average predictability
Daiyang Metal Co has average predictability. Overlapping area represents the amount of predictability between Daiyang Metal time series from 23rd of November 2023 to 21st of April 2024 and 21st of April 2024 to 18th of September 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 Daiyang Metal price movement. The serial correlation of 0.43 indicates that just about 43.0% of current Daiyang Metal price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.43 | |
| Spearman Rank Test | 0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 53.6 K |
Daiyang Metal lagged returns against current returns
Autocorrelation, which is Daiyang Metal 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 Daiyang Metal's stock expected returns. We can calculate the autocorrelation of Daiyang Metal returns to help us make a trade decision. For example, suppose you find that Daiyang Metal 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 |
Daiyang Metal 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 Daiyang Metal stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Daiyang Metal stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Daiyang Metal stock over time.
Current vs Lagged Prices |
| Timeline |
Daiyang Metal Lagged Returns
When evaluating Daiyang Metal's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Daiyang Metal stock have on its future price. Daiyang Metal 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, Daiyang Metal autocorrelation shows the relationship between Daiyang Metal stock current value and its past values and can show if there is a momentum factor associated with investing in Daiyang Metal Co.
Regressed Prices |
| Timeline |
Pair Trading with Daiyang Metal
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 Daiyang Metal 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 Daiyang Metal will appreciate offsetting losses from the drop in the long position's value.Moving against Daiyang Stock
| 0.76 | 033240 | Jahwa Electron | PairCorr |
| 0.7 | 147760 | Microfriend | PairCorr |
| 0.6 | 203650 | Dream Security co | PairCorr |
| 0.52 | 053080 | Wonbang Tech | PairCorr |
| 0.49 | 215480 | Daewoo SBI SPAC | PairCorr |
The ability to find closely correlated positions to Daiyang Metal could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Daiyang Metal 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 Daiyang Metal - 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 Daiyang Metal Co to buy it.
The correlation of Daiyang Metal 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 Daiyang Metal moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Daiyang Metal 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 Daiyang Metal 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 Daiyang Stock
Daiyang Metal financial ratios help investors to determine whether Daiyang 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 Daiyang with respect to the benefits of owning Daiyang Metal security.