YCC Parts (Taiwan) Market Value

1339 Stock  TWD 54.40  0.70  1.30%   
YCC Parts' market value is the price at which a share of YCC Parts trades on a public exchange. It measures the collective expectations of YCC Parts MFG investors about its performance. YCC Parts is selling for under 54.40 as of the 24th of November 2024; that is 1.30 percent increase since the beginning of the trading day. The stock's lowest day price was 54.0.
With this module, you can estimate the performance of a buy and hold strategy of YCC Parts MFG and determine expected loss or profit from investing in YCC Parts over a given investment horizon. Check out YCC Parts Correlation, YCC Parts Volatility and YCC Parts Alpha and Beta module to complement your research on YCC Parts.
Symbol

Please note, there is a significant difference between YCC Parts' value and its price as these two are different measures arrived at by different means. Investors typically determine if YCC Parts is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, YCC Parts' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

YCC Parts '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 YCC Parts' 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 YCC Parts.
0.00
12/05/2022
No Change 0.00  0.0 
In 1 year 11 months and 21 days
11/24/2024
0.00
If you would invest  0.00  in YCC Parts on December 5, 2022 and sell it all today you would earn a total of 0.00 from holding YCC Parts MFG or generate 0.0% return on investment in YCC Parts over 720 days. YCC Parts is related to or competes with Taiwan Semiconductor, Hon Hai, MediaTek, Chunghwa Telecom, Chailease Holding, Delta Electronics, and Formosa Petrochemical. ,Ltd. manufactures and sells auto plastic parts in Taiwan, North America, South America, Europe, and Asia More

YCC Parts 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 YCC Parts' 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 YCC Parts MFG upside and downside potential and time the market with a certain degree of confidence.

YCC Parts Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for YCC Parts' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as YCC Parts' standard deviation. In reality, there are many statistical measures that can use YCC Parts historical prices to predict the future YCC Parts' volatility.
Hype
Prediction
LowEstimatedHigh
53.1554.4055.65
Details
Intrinsic
Valuation
LowRealHigh
54.3555.6056.85
Details
Naive
Forecast
LowNextHigh
53.5254.7756.01
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
53.5154.1754.83
Details

YCC Parts MFG Backtested Returns

YCC Parts MFG retains Efficiency (Sharpe Ratio) of -0.11, which attests that the company had a -0.11% return per unit of volatility over the last 3 months. YCC Parts exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out YCC Parts' Mean Deviation of 0.955, information ratio of (0.17), and Market Risk Adjusted Performance of (0.22) to validate the risk estimate we provide. The firm owns a Beta (Systematic Risk) of 0.41, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, YCC Parts' returns are expected to increase less than the market. However, during the bear market, the loss of holding YCC Parts is expected to be smaller as well. At this point, YCC Parts MFG has a negative expected return of -0.14%. Please make sure to check out YCC Parts' standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if YCC Parts MFG performance from the past will be repeated in the future.

Auto-correlation

    
  -0.6  

Good reverse predictability

YCC Parts MFG has good reverse predictability. Overlapping area represents the amount of predictability between YCC Parts time series from 5th of December 2022 to 30th of November 2023 and 30th of November 2023 to 24th 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 YCC Parts MFG price movement. The serial correlation of -0.6 indicates that roughly 60.0% of current YCC Parts price fluctuation can be explain by its past prices.
Correlation Coefficient-0.6
Spearman Rank Test-0.55
Residual Average0.0
Price Variance37.47

YCC Parts MFG lagged returns against current returns

Autocorrelation, which is YCC Parts 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 YCC Parts' stock expected returns. We can calculate the autocorrelation of YCC Parts returns to help us make a trade decision. For example, suppose you find that YCC Parts 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  

YCC Parts 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 YCC Parts stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if YCC Parts stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in YCC Parts stock over time.
   Current vs Lagged Prices   
       Timeline  

YCC Parts Lagged Returns

When evaluating YCC Parts' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of YCC Parts stock have on its future price. YCC Parts 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, YCC Parts autocorrelation shows the relationship between YCC Parts stock current value and its past values and can show if there is a momentum factor associated with investing in YCC Parts MFG.
   Regressed Prices   
       Timeline  

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.

Additional Tools for YCC Stock Analysis

When running YCC Parts' price analysis, check to measure YCC Parts' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy YCC Parts is operating at the current time. Most of YCC Parts' value examination focuses on studying past and present price action to predict the probability of YCC Parts' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move YCC Parts' price. Additionally, you may evaluate how the addition of YCC Parts to your portfolios can decrease your overall portfolio volatility.