Youl Chon (Korea) Market Value
| 008730 Stock | 23,550 100.00 0.43% |
| Symbol | Youl |
Youl Chon '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 Youl Chon'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 Youl Chon.
| 12/05/2022 |
| 11/24/2024 |
If you would invest 0.00 in Youl Chon on December 5, 2022 and sell it all today you would earn a total of 0.00 from holding Youl Chon Chemical or generate 0.0% return on investment in Youl Chon over 720 days. Youl Chon is related to or competes with AptaBio Therapeutics, Daewoo SBI, Dream Security, Microfriend, Innometry, and Jahwa Electron. More
Youl Chon 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 Youl Chon'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 Youl Chon Chemical upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.27 | |||
| Information Ratio | 0.0012 | |||
| Maximum Drawdown | 19.97 | |||
| Value At Risk | (4.91) | |||
| Potential Upside | 4.72 |
Youl Chon Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Youl Chon's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Youl Chon's standard deviation. In reality, there are many statistical measures that can use Youl Chon historical prices to predict the future Youl Chon's volatility.| Risk Adjusted Performance | 0.0375 | |||
| Jensen Alpha | 0.0641 | |||
| Total Risk Alpha | (0.42) | |||
| Sortino Ratio | 0.0013 | |||
| Treynor Ratio | 0.248 |
Youl Chon Chemical Backtested Returns
At this point, Youl Chon is very steady. Youl Chon Chemical shows Sharpe Ratio of 0.0366, which attests that the company had a 0.0366% return per unit of risk over the last 3 months. We have found thirty technical indicators for Youl Chon Chemical, which you can use to evaluate the volatility of the company. Please check out Youl Chon's Market Risk Adjusted Performance of 0.258, mean deviation of 2.64, and Downside Deviation of 3.27 to validate if the risk estimate we provide is consistent with the expected return of 0.13%. Youl Chon has a performance score of 2 on a scale of 0 to 100. The firm maintains a market beta of 0.5, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Youl Chon's returns are expected to increase less than the market. However, during the bear market, the loss of holding Youl Chon is expected to be smaller as well. Youl Chon Chemical right now maintains a risk of 3.57%. Please check out Youl Chon Chemical total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to decide if Youl Chon Chemical will be following its historical returns.
Auto-correlation | 0.63 |
Good predictability
Youl Chon Chemical has good predictability. Overlapping area represents the amount of predictability between Youl Chon time series from 5th of December 2022 to 30th of November 2023 and 30th of November 2023 to 24th 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 Youl Chon Chemical price movement. The serial correlation of 0.63 indicates that roughly 63.0% of current Youl Chon price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.63 | |
| Spearman Rank Test | 0.44 | |
| Residual Average | 0.0 | |
| Price Variance | 44 M |
Youl Chon Chemical lagged returns against current returns
Autocorrelation, which is Youl Chon 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 Youl Chon's stock expected returns. We can calculate the autocorrelation of Youl Chon returns to help us make a trade decision. For example, suppose you find that Youl Chon 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 |
Youl Chon 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 Youl Chon stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Youl Chon stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Youl Chon stock over time.
Current vs Lagged Prices |
| Timeline |
Youl Chon Lagged Returns
When evaluating Youl Chon's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Youl Chon stock have on its future price. Youl Chon 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, Youl Chon autocorrelation shows the relationship between Youl Chon stock current value and its past values and can show if there is a momentum factor associated with investing in Youl Chon Chemical.
Regressed Prices |
| Timeline |
Pair Trading with Youl Chon
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 Youl Chon 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 Youl Chon will appreciate offsetting losses from the drop in the long position's value.Moving together with Youl Stock
Moving against Youl Stock
The ability to find closely correlated positions to Youl Chon could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Youl Chon 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 Youl Chon - 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 Youl Chon Chemical to buy it.
The correlation of Youl Chon 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 Youl Chon moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Youl Chon Chemical 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 Youl Chon 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 Youl Stock
Youl Chon financial ratios help investors to determine whether Youl 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 Youl with respect to the benefits of owning Youl Chon security.