Yi Jinn (Taiwan) Market Value
| 1457 Stock | TWD 19.65 0.15 0.77% |
| Symbol | 1457 |
Yi Jinn '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 Yi Jinn'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 Yi Jinn.
| 01/07/2024 |
| 12/02/2024 |
If you would invest 0.00 in Yi Jinn on January 7, 2024 and sell it all today you would earn a total of 0.00 from holding Yi Jinn Industrial or generate 0.0% return on investment in Yi Jinn over 330 days. Yi Jinn is related to or competes with Tainan Spinning, Chia Her, WiseChip Semiconductor, Novatek Microelectronics, Leader Electronics, Information Technology, and Kinko Optical. Yi Jinn Industrial Co., Ltd. engages in the research, development, production, and sale of polyester textured yarns worl... More
Yi Jinn 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 Yi Jinn'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 Yi Jinn Industrial upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.24) | |||
| Maximum Drawdown | 4.9 | |||
| Value At Risk | (1.00) | |||
| Potential Upside | 1.05 |
Yi Jinn Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Yi Jinn's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Yi Jinn's standard deviation. In reality, there are many statistical measures that can use Yi Jinn historical prices to predict the future Yi Jinn's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.19) | |||
| Treynor Ratio | 1.16 |
Yi Jinn Industrial Backtested Returns
Yi Jinn Industrial retains Efficiency (Sharpe Ratio) of -0.11, which attests that the company had a -0.11% return per unit of price deviation over the last 3 months. Yi Jinn exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Yi Jinn's information ratio of (0.24), and Market Risk Adjusted Performance of 1.17 to validate the risk estimate we provide. The firm owns a Beta (Systematic Risk) of -0.0484, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Yi Jinn are expected to decrease at a much lower rate. During the bear market, Yi Jinn is likely to outperform the market. At this point, Yi Jinn Industrial has a negative expected return of -0.0762%. Please make sure to check out Yi Jinn's market risk adjusted performance, coefficient of variation, jensen alpha, as well as the relationship between the mean deviation and standard deviation , to decide if Yi Jinn Industrial performance from the past will be repeated at future time.
Auto-correlation | -0.73 |
Almost perfect reverse predictability
Yi Jinn Industrial has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Yi Jinn time series from 7th of January 2024 to 20th of June 2024 and 20th of June 2024 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 Yi Jinn Industrial price movement. The serial correlation of -0.73 indicates that around 73.0% of current Yi Jinn price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.73 | |
| Spearman Rank Test | -0.83 | |
| Residual Average | 0.0 | |
| Price Variance | 0.68 |
Yi Jinn Industrial lagged returns against current returns
Autocorrelation, which is Yi Jinn 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 Yi Jinn's stock expected returns. We can calculate the autocorrelation of Yi Jinn returns to help us make a trade decision. For example, suppose you find that Yi Jinn 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 |
Yi Jinn 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 Yi Jinn stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Yi Jinn stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Yi Jinn stock over time.
Current vs Lagged Prices |
| Timeline |
Yi Jinn Lagged Returns
When evaluating Yi Jinn's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Yi Jinn stock have on its future price. Yi Jinn 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, Yi Jinn autocorrelation shows the relationship between Yi Jinn stock current value and its past values and can show if there is a momentum factor associated with investing in Yi Jinn Industrial.
Regressed Prices |
| Timeline |
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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 1457 Stock Analysis
When running Yi Jinn's price analysis, check to measure Yi Jinn's 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 Yi Jinn is operating at the current time. Most of Yi Jinn's value examination focuses on studying past and present price action to predict the probability of Yi Jinn's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Yi Jinn's price. Additionally, you may evaluate how the addition of Yi Jinn to your portfolios can decrease your overall portfolio volatility.