Yungshin Construction Stock Forecast - Price Action Indicator
| 5508 Stock | TWD 126.00 1.00 0.80% |
Yungshin Stock Forecast is based on your current time horizon.
Yungshin |
| Check Yungshin Construction Volatility | Backtest Yungshin Construction | Information Ratio |
Yungshin Construction Trading Date Momentum
| On February 01 2025 Yungshin Construction Development was traded for 126.00 at the closing time. The highest price during the trading period was 126.50 and the lowest recorded bid was listed for 124.00 . There was no trading activity during the period 0.0. Lack of trading volume on February 1, 2025 had no short-term effect on price fluctuation. The trading price change to the current price is 0.79% . |
Price Action Indicator (or PAIN) was developed by Michael B. Geraty and published in 'Futures' magazine in August 1997.
Compare Yungshin Construction to competition
Yungshin Construction Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Yungshin Construction stock to make a market-neutral strategy. Peer analysis of Yungshin Construction could also be used in its relative valuation, which is a method of valuing Yungshin Construction by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Yungshin Construction Market Strength Events
Market strength indicators help investors to evaluate how Yungshin Construction stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Yungshin Construction shares will generate the highest return on investment. By undertsting and applying Yungshin Construction stock market strength indicators, traders can identify Yungshin Construction Development entry and exit signals to maximize returns.
Yungshin Construction Risk Indicators
The analysis of Yungshin Construction's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Yungshin Construction's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting yungshin stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 2.08 | |||
| Standard Deviation | 2.75 | |||
| Variance | 7.54 |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Pair Trading with Yungshin Construction
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 Yungshin Construction 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 Yungshin Construction will appreciate offsetting losses from the drop in the long position's value.Moving together with Yungshin Stock
Moving against Yungshin Stock
| 0.87 | 3008 | LARGAN Precision | PairCorr |
| 0.81 | 6121 | Simplo Technology | PairCorr |
| 0.81 | 5269 | Asmedia Technology | PairCorr |
| 0.79 | 2379 | Realtek Semiconductor | PairCorr |
| 0.43 | 2357 | Asustek Computer | PairCorr |
The ability to find closely correlated positions to Yungshin Construction could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Yungshin Construction 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 Yungshin Construction - 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 Yungshin Construction Development to buy it.
The correlation of Yungshin Construction 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 Yungshin Construction moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Yungshin Construction 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 Yungshin Construction 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.Additional Tools for Yungshin Stock Analysis
When running Yungshin Construction's price analysis, check to measure Yungshin Construction'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 Yungshin Construction is operating at the current time. Most of Yungshin Construction's value examination focuses on studying past and present price action to predict the probability of Yungshin Construction's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Yungshin Construction's price. Additionally, you may evaluate how the addition of Yungshin Construction to your portfolios can decrease your overall portfolio volatility.