Yura Tech (Korea) Market Value
| 048430 Stock | KRW 6,360 30.00 0.47% |
| Symbol | Yura |
Yura Tech '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 Yura Tech'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 Yura Tech.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Yura Tech on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Yura Tech Co or generate 0.0% return on investment in Yura Tech over 30 days. Yura Tech is related to or competes with Busan Industrial, UNISEM, Finebesteel, Fine Besteel, Hyundai Heavy, and Hanwha Aerospace. Yura Tech. Co., Ltd. manufactures and sells automobile components in South Korea. More
Yura Tech 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 Yura Tech'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 Yura Tech Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.23) | |||
| Maximum Drawdown | 6.11 | |||
| Value At Risk | (1.93) | |||
| Potential Upside | 1.87 |
Yura Tech Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Yura Tech's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Yura Tech's standard deviation. In reality, there are many statistical measures that can use Yura Tech historical prices to predict the future Yura Tech's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.35) | |||
| Treynor Ratio | (11.88) |
Yura Tech Backtested Returns
Yura Tech shows Sharpe Ratio of -0.074, which attests that the company had a -0.074% return per unit of risk over the last 3 months. Yura Tech exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Yura Tech's Market Risk Adjusted Performance of (11.87), standard deviation of 1.21, and Mean Deviation of 0.93 to validate the risk estimate we provide. The firm maintains a market beta of 0.0139, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Yura Tech's returns are expected to increase less than the market. However, during the bear market, the loss of holding Yura Tech is expected to be smaller as well. At this point, Yura Tech has a negative expected return of -0.0902%. Please make sure to check out Yura Tech's treynor ratio, value at risk, and the relationship between the total risk alpha and maximum drawdown , to decide if Yura Tech performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.18 |
Very weak predictability
Yura Tech Co has very weak predictability. Overlapping area represents the amount of predictability between Yura Tech time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Yura Tech price movement. The serial correlation of 0.18 indicates that over 18.0% of current Yura Tech price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.18 | |
| Spearman Rank Test | 0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 2469.42 |
Yura Tech lagged returns against current returns
Autocorrelation, which is Yura Tech 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 Yura Tech's stock expected returns. We can calculate the autocorrelation of Yura Tech returns to help us make a trade decision. For example, suppose you find that Yura Tech 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 |
Yura Tech 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 Yura Tech stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Yura Tech stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Yura Tech stock over time.
Current vs Lagged Prices |
| Timeline |
Yura Tech Lagged Returns
When evaluating Yura Tech's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Yura Tech stock have on its future price. Yura Tech 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, Yura Tech autocorrelation shows the relationship between Yura Tech stock current value and its past values and can show if there is a momentum factor associated with investing in Yura Tech Co.
Regressed Prices |
| Timeline |
Pair Trading with Yura Tech
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 Yura Tech 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 Yura Tech will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Yura Tech could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Yura Tech 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 Yura Tech - 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 Yura Tech Co to buy it.
The correlation of Yura Tech 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 Yura Tech moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Yura Tech 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 Yura Tech 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 Yura Stock
Yura Tech financial ratios help investors to determine whether Yura 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 Yura with respect to the benefits of owning Yura Tech security.