YGSOFT (China) Market Value
| 002063 Stock | 6.27 0.17 2.64% |
| Symbol | YGSOFT |
YGSOFT '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 YGSOFT'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 YGSOFT.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in YGSOFT on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding YGSOFT Inc or generate 0.0% return on investment in YGSOFT over 30 days. YGSOFT is related to or competes with Sanbo Hospital, CITIC Guoan, Zhuhai Comleader, and Guangzhou Ruoyuchen. YGSOFT is entity of China. It is traded as Stock on SHE exchange. More
YGSOFT 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 YGSOFT'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 YGSOFT Inc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.15 | |||
| Information Ratio | 0.0718 | |||
| Maximum Drawdown | 16.99 | |||
| Value At Risk | (4.71) | |||
| Potential Upside | 5.73 |
YGSOFT Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for YGSOFT's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as YGSOFT's standard deviation. In reality, there are many statistical measures that can use YGSOFT historical prices to predict the future YGSOFT's volatility.| Risk Adjusted Performance | 0.0947 | |||
| Jensen Alpha | 0.3472 | |||
| Total Risk Alpha | (0.15) | |||
| Sortino Ratio | 0.0714 | |||
| Treynor Ratio | (21.44) |
YGSOFT Inc Backtested Returns
YGSOFT appears to be slightly risky, given 3 months investment horizon. YGSOFT Inc shows Sharpe Ratio of 0.2, which attests that the company had a 0.2% return per unit of risk over the last 3 months. By analyzing YGSOFT's technical indicators, you can evaluate if the expected return of 0.63% is justified by implied risk. Please utilize YGSOFT's Mean Deviation of 2.29, downside deviation of 3.15, and Market Risk Adjusted Performance of (21.43) to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, YGSOFT holds a performance score of 15. The firm maintains a market beta of -0.0161, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning YGSOFT are expected to decrease at a much lower rate. During the bear market, YGSOFT is likely to outperform the market. Please check YGSOFT's coefficient of variation, jensen alpha, sortino ratio, as well as the relationship between the standard deviation and total risk alpha , to make a quick decision on whether YGSOFT's historical returns will revert.
Auto-correlation | 0.00 |
No correlation between past and present
YGSOFT Inc has no correlation between past and present. Overlapping area represents the amount of predictability between YGSOFT time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th of November 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 YGSOFT Inc price movement. The serial correlation of 0.0 indicates that just 0.0% of current YGSOFT price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | -0.73 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
YGSOFT Inc lagged returns against current returns
Autocorrelation, which is YGSOFT 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 YGSOFT's stock expected returns. We can calculate the autocorrelation of YGSOFT returns to help us make a trade decision. For example, suppose you find that YGSOFT 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 |
YGSOFT 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 YGSOFT stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if YGSOFT stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in YGSOFT stock over time.
Current vs Lagged Prices |
| Timeline |
YGSOFT Lagged Returns
When evaluating YGSOFT's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of YGSOFT stock have on its future price. YGSOFT 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, YGSOFT autocorrelation shows the relationship between YGSOFT stock current value and its past values and can show if there is a momentum factor associated with investing in YGSOFT Inc.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in YGSOFT Stock
YGSOFT financial ratios help investors to determine whether YGSOFT 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 YGSOFT with respect to the benefits of owning YGSOFT security.