Y Optics (Korea) Market Value
| 066430 Stock | KRW 495.00 21.00 4.07% |
| Symbol | 066430 |
Y Optics '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 Y Optics' 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 Y Optics.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Y Optics on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Y Optics Manufacture Co or generate 0.0% return on investment in Y Optics over 720 days. Y Optics is related to or competes with LG Electronics, Echomarketing CoLtd, Visang Education, GS Retail, Cuckoo Electronics, LG Electronics, and System. Y-Optics Manufacture Co., Ltd. engages in the manufacture and sale of medical devices More
Y Optics 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 Y Optics' 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 Y Optics Manufacture Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 8.29 | |||
| Value At Risk | (2.48) | |||
| Potential Upside | 2.24 |
Y Optics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Y Optics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Y Optics' standard deviation. In reality, there are many statistical measures that can use Y Optics historical prices to predict the future Y Optics' volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.22) | |||
| Total Risk Alpha | (0.42) | |||
| Treynor Ratio | (0.55) |
Y Optics Manufacture Backtested Returns
Y Optics Manufacture shows Sharpe Ratio of -0.13, which attests that the company had a -0.13% return per unit of standard deviation over the last 3 months. Y Optics Manufacture exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Y Optics' Standard Deviation of 1.41, risk adjusted performance of (0.09), and Mean Deviation of 1.05 to validate the risk estimate we provide. The firm maintains a market beta of 0.33, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Y Optics' returns are expected to increase less than the market. However, during the bear market, the loss of holding Y Optics is expected to be smaller as well. At this point, Y Optics Manufacture has a negative expected return of -0.18%. Please make sure to check out Y Optics' standard deviation, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if Y Optics Manufacture performance from the past will be repeated at some future date.
Auto-correlation | 0.26 |
Poor predictability
Y Optics Manufacture Co has poor predictability. Overlapping area represents the amount of predictability between Y Optics time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd of December 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 Y Optics Manufacture price movement. The serial correlation of 0.26 indicates that nearly 26.0% of current Y Optics price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.26 | |
| Spearman Rank Test | -0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 4027.07 |
Y Optics Manufacture lagged returns against current returns
Autocorrelation, which is Y Optics 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 Y Optics' stock expected returns. We can calculate the autocorrelation of Y Optics returns to help us make a trade decision. For example, suppose you find that Y Optics 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 |
Y Optics 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 Y Optics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Y Optics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Y Optics stock over time.
Current vs Lagged Prices |
| Timeline |
Y Optics Lagged Returns
When evaluating Y Optics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Y Optics stock have on its future price. Y Optics 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, Y Optics autocorrelation shows the relationship between Y Optics stock current value and its past values and can show if there is a momentum factor associated with investing in Y Optics Manufacture Co.
Regressed Prices |
| Timeline |
Pair Trading with Y Optics
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 Y Optics 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 Y Optics will appreciate offsetting losses from the drop in the long position's value.Moving against 066430 Stock
| 0.59 | 182360 | Cube Entertainment | PairCorr |
| 0.59 | 329180 | Hyundai Heavy Industries | PairCorr |
| 0.39 | 299900 | Wysiwyg Studios | PairCorr |
| 0.33 | 352820 | HYBE | PairCorr |
| 0.33 | 200350 | RaemongRaein | PairCorr |
The ability to find closely correlated positions to Y Optics could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Y Optics 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 Y Optics - 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 Y Optics Manufacture Co to buy it.
The correlation of Y Optics 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 Y Optics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Y Optics Manufacture 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 Y Optics 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 066430 Stock
Y Optics financial ratios help investors to determine whether 066430 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 066430 with respect to the benefits of owning Y Optics security.