YeSUN Tech (Korea) Market Value
| 250930 Stock | 453.00 11.00 2.49% |
| Symbol | YeSUN |
YeSUN Tech '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 YeSUN Tech'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 YeSUN Tech.
| 01/31/2024 |
| 11/26/2024 |
If you would invest 0.00 in YeSUN Tech on January 31, 2024 and sell it all today you would earn a total of 0.00 from holding YeSUN Tech CoLtd or generate 0.0% return on investment in YeSUN Tech over 300 days. YeSUN Tech is related to or competes with Korea Petro, Tae Kyung, Kukdong Oil, Iljin Display, Nice Information, Youngbo Chemical, and Youl Chon. More
YeSUN Tech 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 YeSUN Tech'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 YeSUN Tech CoLtd upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 15.86 | |||
| Value At Risk | (5.28) | |||
| Potential Upside | 3.92 |
YeSUN Tech Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for YeSUN Tech's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as YeSUN Tech's standard deviation. In reality, there are many statistical measures that can use YeSUN Tech historical prices to predict the future YeSUN Tech's volatility.| Risk Adjusted Performance | (0.12) | |||
| Jensen Alpha | (0.51) | |||
| Total Risk Alpha | (0.87) | |||
| Treynor Ratio | (0.99) |
YeSUN Tech CoLtd Backtested Returns
YeSUN Tech CoLtd shows Sharpe Ratio of -0.13, which attests that the company had a -0.13% return per unit of risk over the last 3 months. YeSUN Tech CoLtd exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out YeSUN Tech's Mean Deviation of 1.9, standard deviation of 2.65, and Market Risk Adjusted Performance of (0.98) to validate the risk estimate we provide. The firm maintains a market beta of 0.46, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, YeSUN Tech's returns are expected to increase less than the market. However, during the bear market, the loss of holding YeSUN Tech is expected to be smaller as well. At this point, YeSUN Tech CoLtd has a negative expected return of -0.36%. Please make sure to check out YeSUN Tech's treynor ratio, value at risk, and the relationship between the total risk alpha and maximum drawdown , to decide if YeSUN Tech CoLtd performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.71 |
Good predictability
YeSUN Tech CoLtd has good predictability. Overlapping area represents the amount of predictability between YeSUN Tech time series from 31st of January 2024 to 29th of June 2024 and 29th of June 2024 to 26th 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 YeSUN Tech CoLtd price movement. The serial correlation of 0.71 indicates that around 71.0% of current YeSUN Tech price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.71 | |
| Spearman Rank Test | 0.74 | |
| Residual Average | 0.0 | |
| Price Variance | 3294.55 |
YeSUN Tech CoLtd lagged returns against current returns
Autocorrelation, which is YeSUN Tech 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 YeSUN Tech's stock expected returns. We can calculate the autocorrelation of YeSUN Tech returns to help us make a trade decision. For example, suppose you find that YeSUN Tech 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 |
YeSUN Tech 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 YeSUN Tech stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if YeSUN Tech stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in YeSUN Tech stock over time.
Current vs Lagged Prices |
| Timeline |
YeSUN Tech Lagged Returns
When evaluating YeSUN Tech's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of YeSUN Tech stock have on its future price. YeSUN Tech 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, YeSUN Tech autocorrelation shows the relationship between YeSUN Tech stock current value and its past values and can show if there is a momentum factor associated with investing in YeSUN Tech CoLtd.
Regressed Prices |
| Timeline |
Pair Trading with YeSUN Tech
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 YeSUN Tech 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 YeSUN Tech will appreciate offsetting losses from the drop in the long position's value.Moving against YeSUN Stock
The ability to find closely correlated positions to YeSUN Tech could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace YeSUN Tech 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 YeSUN Tech - 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 YeSUN Tech CoLtd to buy it.
The correlation of YeSUN Tech 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 YeSUN Tech moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if YeSUN Tech CoLtd 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 YeSUN Tech 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 YeSUN Stock
YeSUN Tech financial ratios help investors to determine whether YeSUN 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 YeSUN with respect to the benefits of owning YeSUN Tech security.