Yooshin Engineering (Korea) Market Value
| 054930 Stock | KRW 24,900 250.00 1.01% |
| Symbol | Yooshin |
Yooshin Engineering '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 Yooshin Engineering'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 Yooshin Engineering.
| 09/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Yooshin Engineering on September 27, 2024 and sell it all today you would earn a total of 0.00 from holding Yooshin Engineering or generate 0.0% return on investment in Yooshin Engineering over 60 days. Yooshin Engineering is related to or competes with Kukil Metal, Dongbang Transport, Lotte Chilsung, Dongil Metal, and Kbi Metal. Yooshin Engineering Corporationration offer engineering consulting services in South Korea and internationally. More
Yooshin Engineering 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 Yooshin Engineering'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 Yooshin Engineering upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 15.07 | |||
| Value At Risk | (3.37) | |||
| Potential Upside | 4.53 |
Yooshin Engineering Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Yooshin Engineering's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Yooshin Engineering's standard deviation. In reality, there are many statistical measures that can use Yooshin Engineering historical prices to predict the future Yooshin Engineering's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.47) | |||
| Treynor Ratio | 1.13 |
Yooshin Engineering Backtested Returns
At this point, Yooshin Engineering is very steady. Yooshin Engineering shows Sharpe Ratio of 0.0552, which attests that the company had a 0.0552% return per unit of risk over the last 3 months. We have found twenty-two technical indicators for Yooshin Engineering, which you can use to evaluate the volatility of the company. Please check out Yooshin Engineering's Market Risk Adjusted Performance of 1.14, standard deviation of 2.64, and Mean Deviation of 1.94 to validate if the risk estimate we provide is consistent with the expected return of 0.15%. Yooshin Engineering has a performance score of 4 on a scale of 0 to 100. The firm maintains a market beta of -0.0503, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Yooshin Engineering are expected to decrease at a much lower rate. During the bear market, Yooshin Engineering is likely to outperform the market. Yooshin Engineering right now maintains a risk of 2.74%. Please check out Yooshin Engineering jensen alpha, treynor ratio, and the relationship between the information ratio and total risk alpha , to decide if Yooshin Engineering will be following its historical returns.
Auto-correlation | 0.38 |
Below average predictability
Yooshin Engineering has below average predictability. Overlapping area represents the amount of predictability between Yooshin Engineering time series from 27th of September 2024 to 27th of October 2024 and 27th of October 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 Yooshin Engineering price movement. The serial correlation of 0.38 indicates that just about 38.0% of current Yooshin Engineering price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.38 | |
| Spearman Rank Test | 0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 1.9 M |
Yooshin Engineering lagged returns against current returns
Autocorrelation, which is Yooshin Engineering 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 Yooshin Engineering's stock expected returns. We can calculate the autocorrelation of Yooshin Engineering returns to help us make a trade decision. For example, suppose you find that Yooshin Engineering 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 |
Yooshin Engineering 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 Yooshin Engineering stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Yooshin Engineering stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Yooshin Engineering stock over time.
Current vs Lagged Prices |
| Timeline |
Yooshin Engineering Lagged Returns
When evaluating Yooshin Engineering's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Yooshin Engineering stock have on its future price. Yooshin Engineering 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, Yooshin Engineering autocorrelation shows the relationship between Yooshin Engineering stock current value and its past values and can show if there is a momentum factor associated with investing in Yooshin Engineering.
Regressed Prices |
| Timeline |
Pair Trading with Yooshin Engineering
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 Yooshin Engineering 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 Yooshin Engineering will appreciate offsetting losses from the drop in the long position's value.Moving against Yooshin Stock
The ability to find closely correlated positions to Yooshin Engineering could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Yooshin Engineering 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 Yooshin Engineering - 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 Yooshin Engineering to buy it.
The correlation of Yooshin Engineering 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 Yooshin Engineering moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Yooshin Engineering 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 Yooshin Engineering 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 Yooshin Stock
Yooshin Engineering financial ratios help investors to determine whether Yooshin 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 Yooshin with respect to the benefits of owning Yooshin Engineering security.