Younglimwon Soft (Korea) Market Value
| 060850 Stock | KRW 6,790 10.00 0.15% |
| Symbol | Younglimwon |
Younglimwon Soft '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 Younglimwon Soft'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 Younglimwon Soft.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Younglimwon Soft on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Younglimwon Soft Lab or generate 0.0% return on investment in Younglimwon Soft over 30 days. Younglimwon Soft is related to or competes with VAIV, FLITTO, Innodep, and WISE ITech. Younglimwon Soft Lab Co., Ltd. develops enterprise resource planning solutions for small and medium companies in Korea More
Younglimwon Soft 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 Younglimwon Soft'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 Younglimwon Soft Lab upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.28) | |||
| Maximum Drawdown | 5.37 | |||
| Value At Risk | (2.23) | |||
| Potential Upside | 1.85 |
Younglimwon Soft Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Younglimwon Soft's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Younglimwon Soft's standard deviation. In reality, there are many statistical measures that can use Younglimwon Soft historical prices to predict the future Younglimwon Soft's volatility.| Risk Adjusted Performance | (0.13) | |||
| Jensen Alpha | (0.22) | |||
| Total Risk Alpha | (0.42) | |||
| Treynor Ratio | 10.23 |
Younglimwon Soft Lab Backtested Returns
Younglimwon Soft Lab shows Sharpe Ratio of -0.13, which attests that the company had a -0.13% return per unit of risk over the last 3 months. Younglimwon Soft Lab exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Younglimwon Soft's Mean Deviation of 0.968, market risk adjusted performance of 10.24, and Standard Deviation of 1.25 to validate the risk estimate we provide. The firm maintains a market beta of -0.0221, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Younglimwon Soft are expected to decrease at a much lower rate. During the bear market, Younglimwon Soft is likely to outperform the market. At this point, Younglimwon Soft Lab has a negative expected return of -0.17%. Please make sure to check out Younglimwon Soft's total risk alpha, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to decide if Younglimwon Soft Lab performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.6 |
Good reverse predictability
Younglimwon Soft Lab has good reverse predictability. Overlapping area represents the amount of predictability between Younglimwon Soft time series from 27th of October 2024 to 11th of November 2024 and 11th of November 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 Younglimwon Soft Lab price movement. The serial correlation of -0.6 indicates that roughly 60.0% of current Younglimwon Soft price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.6 | |
| Spearman Rank Test | -0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 12.5 K |
Younglimwon Soft Lab lagged returns against current returns
Autocorrelation, which is Younglimwon Soft 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 Younglimwon Soft's stock expected returns. We can calculate the autocorrelation of Younglimwon Soft returns to help us make a trade decision. For example, suppose you find that Younglimwon Soft 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 |
Younglimwon Soft 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 Younglimwon Soft stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Younglimwon Soft stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Younglimwon Soft stock over time.
Current vs Lagged Prices |
| Timeline |
Younglimwon Soft Lagged Returns
When evaluating Younglimwon Soft's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Younglimwon Soft stock have on its future price. Younglimwon Soft 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, Younglimwon Soft autocorrelation shows the relationship between Younglimwon Soft stock current value and its past values and can show if there is a momentum factor associated with investing in Younglimwon Soft Lab.
Regressed Prices |
| Timeline |
Pair Trading with Younglimwon Soft
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 Younglimwon Soft 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 Younglimwon Soft will appreciate offsetting losses from the drop in the long position's value.Moving together with Younglimwon Stock
| 0.65 | 301300 | VAIV | PairCorr |
| 0.72 | 300080 | FLITTO Inc | PairCorr |
| 0.72 | 303530 | Innodep | PairCorr |
| 0.86 | 065370 | WISE iTech | PairCorr |
Moving against Younglimwon Stock
The ability to find closely correlated positions to Younglimwon Soft could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Younglimwon Soft 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 Younglimwon Soft - 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 Younglimwon Soft Lab to buy it.
The correlation of Younglimwon Soft 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 Younglimwon Soft moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Younglimwon Soft Lab 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 Younglimwon Soft 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 Younglimwon Stock
Younglimwon Soft financial ratios help investors to determine whether Younglimwon 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 Younglimwon with respect to the benefits of owning Younglimwon Soft security.