YC Inox (Taiwan) Market Value
| 2034 Stock | TWD 20.40 0.25 1.21% |
| Symbol | 2034 |
YC Inox '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 YC Inox'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 YC Inox.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in YC Inox on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding YC Inox Co or generate 0.0% return on investment in YC Inox over 30 days. YC Inox is related to or competes with Ta Chen, Chung Hung, Tung Ho, Hsin Kuang, and Froch Enterprise. YC Inox Co., Ltd. manufactures and sells stainless steel products in Taiwan More
YC Inox 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 YC Inox'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 YC Inox Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 8.18 | |||
| Value At Risk | (2.76) | |||
| Potential Upside | 2.0 |
YC Inox Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for YC Inox's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as YC Inox's standard deviation. In reality, there are many statistical measures that can use YC Inox historical prices to predict the future YC Inox's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (0.42) | |||
| Treynor Ratio | (5.46) |
YC Inox Backtested Returns
YC Inox retains Efficiency (Sharpe Ratio) of -0.15, which attests that the company had a -0.15% return per unit of price deviation over the last 3 months. YC Inox exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out YC Inox's information ratio of (0.19), and Market Risk Adjusted Performance of (5.45) to validate the risk estimate we provide. The firm owns a Beta (Systematic Risk) of 0.0335, which attests to not very significant fluctuations relative to the market. As returns on the market increase, YC Inox's returns are expected to increase less than the market. However, during the bear market, the loss of holding YC Inox is expected to be smaller as well. At this point, YC Inox has a negative expected return of -0.23%. Please make sure to check out YC Inox's coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if YC Inox performance from the past will be repeated sooner or later.
Auto-correlation | -0.72 |
Almost perfect reverse predictability
YC Inox Co has almost perfect reverse predictability. Overlapping area represents the amount of predictability between YC Inox time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 YC Inox price movement. The serial correlation of -0.72 indicates that around 72.0% of current YC Inox price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.72 | |
| Spearman Rank Test | -0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 0.15 |
YC Inox lagged returns against current returns
Autocorrelation, which is YC Inox 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 YC Inox's stock expected returns. We can calculate the autocorrelation of YC Inox returns to help us make a trade decision. For example, suppose you find that YC Inox 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 |
YC Inox 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 YC Inox stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if YC Inox stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in YC Inox stock over time.
Current vs Lagged Prices |
| Timeline |
YC Inox Lagged Returns
When evaluating YC Inox's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of YC Inox stock have on its future price. YC Inox 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, YC Inox autocorrelation shows the relationship between YC Inox stock current value and its past values and can show if there is a momentum factor associated with investing in YC Inox Co.
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 2034 Stock Analysis
When running YC Inox's price analysis, check to measure YC Inox'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 YC Inox is operating at the current time. Most of YC Inox's value examination focuses on studying past and present price action to predict the probability of YC Inox's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move YC Inox's price. Additionally, you may evaluate how the addition of YC Inox to your portfolios can decrease your overall portfolio volatility.