Youngsin Metal (Korea) Market Value
| 007530 Stock | KRW 2,015 15.00 0.74% |
| Symbol | Youngsin |
Youngsin 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 Youngsin 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 Youngsin Metal.
| 05/30/2024 |
| 11/26/2024 |
If you would invest 0.00 in Youngsin Metal on May 30, 2024 and sell it all today you would earn a total of 0.00 from holding Youngsin Metal Industrial or generate 0.0% return on investment in Youngsin Metal over 180 days. Youngsin Metal is related to or competes with Kbi Metal, Shinhan Inverse, Busan Industrial, Aprogen Healthcare, Miwon Chemicals, PJ Metal, and MetaLabs. Youngsin Metal Industrial Co., Ltd. manufactures and sells fasteners in South Korea and internationally More
Youngsin 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 Youngsin 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 Youngsin Metal Industrial upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.39) | |||
| Maximum Drawdown | 10.14 | |||
| Value At Risk | (3.81) | |||
| Potential Upside | 1.58 |
Youngsin Metal Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Youngsin Metal's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Youngsin Metal's standard deviation. In reality, there are many statistical measures that can use Youngsin Metal historical prices to predict the future Youngsin Metal's volatility.| Risk Adjusted Performance | (0.23) | |||
| Jensen Alpha | (0.52) | |||
| Total Risk Alpha | (0.77) | |||
| Treynor Ratio | (17.83) |
Youngsin Metal Industrial Backtested Returns
Youngsin Metal Industrial shows Sharpe Ratio of -0.32, which attests that the company had a -0.32% return per unit of risk over the last 3 months. Youngsin Metal Industrial exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Youngsin Metal's Standard Deviation of 1.63, mean deviation of 1.11, and Market Risk Adjusted Performance of (17.82) to validate the risk estimate we provide. The firm maintains a market beta of 0.0292, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Youngsin Metal's returns are expected to increase less than the market. However, during the bear market, the loss of holding Youngsin Metal is expected to be smaller as well. At this point, Youngsin Metal Industrial has a negative expected return of -0.55%. Please make sure to check out Youngsin Metal's total risk alpha, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to decide if Youngsin Metal Industrial performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.34 |
Below average predictability
Youngsin Metal Industrial has below average predictability. Overlapping area represents the amount of predictability between Youngsin Metal time series from 30th of May 2024 to 28th of August 2024 and 28th of August 2024 to 26th 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 Youngsin Metal Industrial price movement. The serial correlation of 0.34 indicates that nearly 34.0% of current Youngsin Metal price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.34 | |
| Spearman Rank Test | 0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 38.2 K |
Youngsin Metal Industrial lagged returns against current returns
Autocorrelation, which is Youngsin 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 Youngsin Metal's stock expected returns. We can calculate the autocorrelation of Youngsin Metal returns to help us make a trade decision. For example, suppose you find that Youngsin 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 |
Youngsin 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 Youngsin Metal stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Youngsin Metal stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Youngsin Metal stock over time.
Current vs Lagged Prices |
| Timeline |
Youngsin Metal Lagged Returns
When evaluating Youngsin Metal's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Youngsin Metal stock have on its future price. Youngsin 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, Youngsin Metal autocorrelation shows the relationship between Youngsin Metal stock current value and its past values and can show if there is a momentum factor associated with investing in Youngsin Metal Industrial.
Regressed Prices |
| Timeline |
Pair Trading with Youngsin 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 Youngsin 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 Youngsin Metal will appreciate offsetting losses from the drop in the long position's value.Moving together with Youngsin Stock
The ability to find closely correlated positions to Youngsin 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 Youngsin 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 Youngsin 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 Youngsin Metal Industrial to buy it.
The correlation of Youngsin 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 Youngsin Metal moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Youngsin Metal Industrial 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 Youngsin 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 Youngsin Stock
Youngsin Metal financial ratios help investors to determine whether Youngsin 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 Youngsin with respect to the benefits of owning Youngsin Metal security.