Yung Chi (Taiwan) Market Value
| 1726 Stock | TWD 76.70 0.40 0.52% |
| Symbol | Yung |
Yung Chi '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 Yung Chi'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 Yung Chi.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in Yung Chi on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding Yung Chi Paint or generate 0.0% return on investment in Yung Chi over 180 days. Yung Chi is related to or competes with China Steel, Taiwan Secom, Standard Foods, Eternal Materials, and Grape King. ,Ltd manufactures and sells coatings and paints primarily in Taiwan More
Yung Chi 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 Yung Chi'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 Yung Chi Paint upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.28) | |||
| Maximum Drawdown | 3.84 | |||
| Value At Risk | (1.03) | |||
| Potential Upside | 0.7762 |
Yung Chi Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Yung Chi's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Yung Chi's standard deviation. In reality, there are many statistical measures that can use Yung Chi historical prices to predict the future Yung Chi's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.15) | |||
| Treynor Ratio | 1.07 |
Yung Chi Paint Backtested Returns
Yung Chi Paint shows Sharpe Ratio of -0.0563, which attests that the company had a -0.0563% return per unit of risk over the last 3 months. Yung Chi Paint exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Yung Chi's Standard Deviation of 0.6334, market risk adjusted performance of 1.08, and Mean Deviation of 0.4676 to validate the risk estimate we provide. The firm maintains a market beta of -0.0456, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Yung Chi are expected to decrease at a much lower rate. During the bear market, Yung Chi is likely to outperform the market. At this point, Yung Chi Paint has a negative expected return of -0.0362%. Please make sure to check out Yung Chi's coefficient of variation, jensen alpha, treynor ratio, as well as the relationship between the standard deviation and total risk alpha , to decide if Yung Chi Paint performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.53 |
Modest predictability
Yung Chi Paint has modest predictability. Overlapping area represents the amount of predictability between Yung Chi time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th 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 Yung Chi Paint price movement. The serial correlation of 0.53 indicates that about 53.0% of current Yung Chi price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.53 | |
| Spearman Rank Test | 0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 1.09 |
Yung Chi Paint lagged returns against current returns
Autocorrelation, which is Yung Chi 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 Yung Chi's stock expected returns. We can calculate the autocorrelation of Yung Chi returns to help us make a trade decision. For example, suppose you find that Yung Chi 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 |
Yung Chi 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 Yung Chi stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Yung Chi stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Yung Chi stock over time.
Current vs Lagged Prices |
| Timeline |
Yung Chi Lagged Returns
When evaluating Yung Chi's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Yung Chi stock have on its future price. Yung Chi 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, Yung Chi autocorrelation shows the relationship between Yung Chi stock current value and its past values and can show if there is a momentum factor associated with investing in Yung Chi Paint.
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 Yung Stock Analysis
When running Yung Chi's price analysis, check to measure Yung Chi'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 Yung Chi is operating at the current time. Most of Yung Chi's value examination focuses on studying past and present price action to predict the probability of Yung Chi's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Yung Chi's price. Additionally, you may evaluate how the addition of Yung Chi to your portfolios can decrease your overall portfolio volatility.