Yuhan (Korea) Market Value
| 000100 Stock | 134,000 2,000 1.47% |
| Symbol | Yuhan |
Yuhan '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 Yuhan'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 Yuhan.
| 01/30/2023 |
| 01/19/2025 |
If you would invest 0.00 in Yuhan on January 30, 2023 and sell it all today you would earn a total of 0.00 from holding Yuhan or generate 0.0% return on investment in Yuhan over 720 days. Yuhan is related to or competes with PlayD, Display Tech, Inzi Display, Korea Computer, Grand Korea, Aprogen Healthcare, and Taegu Broadcasting. More
Yuhan 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 Yuhan'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 Yuhan upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 15.14 | |||
| Value At Risk | (4.73) | |||
| Potential Upside | 6.41 |
Yuhan Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Yuhan's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Yuhan's standard deviation. In reality, there are many statistical measures that can use Yuhan historical prices to predict the future Yuhan's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.27) | |||
| Total Risk Alpha | (0.34) | |||
| Treynor Ratio | (1.60) |
Yuhan Backtested Returns
Yuhan shows Sharpe Ratio of -0.0735, which attests that the company had a -0.0735% return per unit of risk over the last 3 months. Yuhan exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Yuhan's Mean Deviation of 2.4, market risk adjusted performance of (1.59), and Standard Deviation of 3.16 to validate the risk estimate we provide. The firm maintains a market beta of 0.17, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Yuhan's returns are expected to increase less than the market. However, during the bear market, the loss of holding Yuhan is expected to be smaller as well. At this point, Yuhan has a negative expected return of -0.23%. Please make sure to check out Yuhan's market risk adjusted performance, coefficient of variation, jensen alpha, as well as the relationship between the mean deviation and standard deviation , to decide if Yuhan performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.66 |
Good predictability
Yuhan has good predictability. Overlapping area represents the amount of predictability between Yuhan time series from 30th of January 2023 to 25th of January 2024 and 25th of January 2024 to 19th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Yuhan price movement. The serial correlation of 0.66 indicates that around 66.0% of current Yuhan price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.66 | |
| Spearman Rank Test | 0.76 | |
| Residual Average | 0.0 | |
| Price Variance | 865.9 M |
Yuhan lagged returns against current returns
Autocorrelation, which is Yuhan 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 Yuhan's stock expected returns. We can calculate the autocorrelation of Yuhan returns to help us make a trade decision. For example, suppose you find that Yuhan 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 |
Yuhan 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 Yuhan stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Yuhan stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Yuhan stock over time.
Current vs Lagged Prices |
| Timeline |
Yuhan Lagged Returns
When evaluating Yuhan's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Yuhan stock have on its future price. Yuhan 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, Yuhan autocorrelation shows the relationship between Yuhan stock current value and its past values and can show if there is a momentum factor associated with investing in Yuhan.
Regressed Prices |
| Timeline |
Pair Trading with Yuhan
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 Yuhan 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 Yuhan will appreciate offsetting losses from the drop in the long position's value.Moving together with Yuhan Stock
| 0.74 | 000660 | SK Hynix Earnings Call This Week | PairCorr |
| 0.71 | 207940 | Samsung Biologics Earnings Call This Week | PairCorr |
Moving against Yuhan Stock
| 0.71 | 083650 | BHI Co | PairCorr |
| 0.66 | 402030 | Konan Technology | PairCorr |
| 0.59 | 078160 | MEDIPOST | PairCorr |
| 0.47 | 035900 | JYP Entertainment Corp | PairCorr |
| 0.46 | 035900 | JYP Entertainment | PairCorr |
The ability to find closely correlated positions to Yuhan could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Yuhan 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 Yuhan - 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 Yuhan to buy it.
The correlation of Yuhan 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 Yuhan moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Yuhan 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 Yuhan 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 Yuhan Stock
Yuhan financial ratios help investors to determine whether Yuhan 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 Yuhan with respect to the benefits of owning Yuhan security.