Young Poong (Korea) Market Value
| 036560 Stock | 14,570 310.00 2.08% |
| Symbol | Young |
Young Poong '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 Young Poong'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 Young Poong.
| 11/29/2023 |
| 11/23/2024 |
If you would invest 0.00 in Young Poong on November 29, 2023 and sell it all today you would earn a total of 0.00 from holding Young Poong Precision or generate 0.0% return on investment in Young Poong over 360 days. Young Poong is related to or competes with Rainbow Robotics, COWINTECH, CS BEARING, DAEMO Engineering, SP Systems, Haisung TPC, and HS Valve. Young Poong Precision Corporationration develops, manufactures, and sells chemical process pumps primarily in South Korea. More
Young Poong 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 Young Poong'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 Young Poong Precision upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 7.08 | |||
| Information Ratio | 0.1028 | |||
| Maximum Drawdown | 56.57 | |||
| Value At Risk | (12.04) | |||
| Potential Upside | 29.82 |
Young Poong Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Young Poong's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Young Poong's standard deviation. In reality, there are many statistical measures that can use Young Poong historical prices to predict the future Young Poong's volatility.| Risk Adjusted Performance | 0.0983 | |||
| Jensen Alpha | 1.3 | |||
| Total Risk Alpha | (0.42) | |||
| Sortino Ratio | 0.1423 | |||
| Treynor Ratio | (0.78) |
Young Poong Precision Backtested Returns
Young Poong is very steady given 3 months investment horizon. Young Poong Precision shows Sharpe Ratio of 0.12, which attests that the company had a 0.12% return per unit of risk over the last 3 months. We were able to analyze thirty different technical indicators, which can help you to evaluate if expected returns of 1.22% are justified by taking the suggested risk. Use Young Poong Precision Mean Deviation of 5.76, market risk adjusted performance of (0.77), and Downside Deviation of 7.08 to evaluate company specific risk that cannot be diversified away. Young Poong holds a performance score of 9 on a scale of zero to a hundred. The firm maintains a market beta of -1.44, which attests to a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Young Poong are expected to decrease by larger amounts. On the other hand, during market turmoil, Young Poong is expected to outperform it. Use Young Poong Precision total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to analyze future returns on Young Poong Precision.
Auto-correlation | -0.59 |
Good reverse predictability
Young Poong Precision has good reverse predictability. Overlapping area represents the amount of predictability between Young Poong time series from 29th of November 2023 to 27th of May 2024 and 27th of May 2024 to 23rd 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 Young Poong Precision price movement. The serial correlation of -0.59 indicates that roughly 59.0% of current Young Poong price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.59 | |
| Spearman Rank Test | -0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 42.8 M |
Young Poong Precision lagged returns against current returns
Autocorrelation, which is Young Poong 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 Young Poong's stock expected returns. We can calculate the autocorrelation of Young Poong returns to help us make a trade decision. For example, suppose you find that Young Poong 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 |
Young Poong 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 Young Poong stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Young Poong stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Young Poong stock over time.
Current vs Lagged Prices |
| Timeline |
Young Poong Lagged Returns
When evaluating Young Poong's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Young Poong stock have on its future price. Young Poong 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, Young Poong autocorrelation shows the relationship between Young Poong stock current value and its past values and can show if there is a momentum factor associated with investing in Young Poong Precision.
Regressed Prices |
| Timeline |
Pair Trading with Young Poong
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 Young Poong 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 Young Poong will appreciate offsetting losses from the drop in the long position's value.Moving against Young Stock
The ability to find closely correlated positions to Young Poong could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Young Poong 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 Young Poong - 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 Young Poong Precision to buy it.
The correlation of Young Poong 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 Young Poong moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Young Poong Precision 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 Young Poong 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 Young Stock
Young Poong financial ratios help investors to determine whether Young 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 Young with respect to the benefits of owning Young Poong security.