DukSan Neolux (Korea) Market Value
| 213420 Stock | KRW 37,450 550.00 1.49% |
| Symbol | DukSan |
DukSan Neolux '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 DukSan Neolux'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 DukSan Neolux.
| 03/30/2024 |
| 04/29/2024 |
If you would invest 0.00 in DukSan Neolux on March 30, 2024 and sell it all today you would earn a total of 0.00 from holding DukSan Neolux CoLtd or generate 0.0% return on investment in DukSan Neolux over 30 days. DukSan Neolux is related to or competes with Daishin Information, GS Retail, Shinsegae Information, Nice Information, Lotte Data, LG Display, and Echomarketing CoLtd. More
DukSan Neolux 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 DukSan Neolux'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 DukSan Neolux CoLtd upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 11.83 | |||
| Value At Risk | (4.77) | |||
| Potential Upside | 4.01 |
DukSan Neolux Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for DukSan Neolux's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as DukSan Neolux's standard deviation. In reality, there are many statistical measures that can use DukSan Neolux historical prices to predict the future DukSan Neolux's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.29) | |||
| Total Risk Alpha | (0.50) | |||
| Treynor Ratio | (0.14) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of DukSan Neolux'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.
DukSan Neolux CoLtd Backtested Returns
DukSan Neolux CoLtd secures Sharpe Ratio (or Efficiency) of -0.0184, which denotes the company had a -0.0184% return per unit of risk over the last 3 months. DukSan Neolux CoLtd exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm DukSan Neolux's Mean Deviation of 1.83, variance of 6.1, and Standard Deviation of 2.47 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.34, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, DukSan Neolux will likely underperform. DukSan Neolux CoLtd has an expected return of -0.0433%. Please make sure to confirm DukSan Neolux CoLtd standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if DukSan Neolux CoLtd performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.17 |
Very weak predictability
DukSan Neolux CoLtd has very weak predictability. Overlapping area represents the amount of predictability between DukSan Neolux time series from 30th of March 2024 to 14th of April 2024 and 14th of April 2024 to 29th of April 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 DukSan Neolux CoLtd price movement. The serial correlation of 0.17 indicates that over 17.0% of current DukSan Neolux price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.17 | |
| Spearman Rank Test | 0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 703 K |
DukSan Neolux CoLtd lagged returns against current returns
Autocorrelation, which is DukSan Neolux 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 DukSan Neolux's stock expected returns. We can calculate the autocorrelation of DukSan Neolux returns to help us make a trade decision. For example, suppose you find that DukSan Neolux 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 |
DukSan Neolux 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 DukSan Neolux stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if DukSan Neolux stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in DukSan Neolux stock over time.
Current vs Lagged Prices |
| Timeline |
DukSan Neolux Lagged Returns
When evaluating DukSan Neolux's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of DukSan Neolux stock have on its future price. DukSan Neolux 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, DukSan Neolux autocorrelation shows the relationship between DukSan Neolux stock current value and its past values and can show if there is a momentum factor associated with investing in DukSan Neolux CoLtd.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Check out DukSan Neolux Correlation, DukSan Neolux Volatility and DukSan Neolux Alpha and Beta module to complement your research on DukSan Neolux. Note that the DukSan Neolux CoLtd information on this page should be used as a complementary analysis to other DukSan Neolux's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
Complementary Tools for DukSan Stock analysis
When running DukSan Neolux's price analysis, check to measure DukSan Neolux's 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 DukSan Neolux is operating at the current time. Most of DukSan Neolux's value examination focuses on studying past and present price action to predict the probability of DukSan Neolux's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move DukSan Neolux's price. Additionally, you may evaluate how the addition of DukSan Neolux to your portfolios can decrease your overall portfolio volatility.
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DukSan Neolux 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.