YOUNGHWA TECH (Korea) Market Value
| 265560 Stock | KRW 7,470 20.00 0.27% |
| Symbol | YOUNGHWA |
YOUNGHWA 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 YOUNGHWA 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 YOUNGHWA TECH.
| 12/12/2022 |
| 12/01/2024 |
If you would invest 0.00 in YOUNGHWA TECH on December 12, 2022 and sell it all today you would earn a total of 0.00 from holding YOUNGHWA TECH Co or generate 0.0% return on investment in YOUNGHWA TECH over 720 days. YOUNGHWA TECH is related to or competes with Dongbu Insurance, Pureun Mutual, DB Insurance, NH Investment, CG Hi, and Coloray International. YOUNGHWA TECH Co., Ltd. designs, develops, manufactures, and sells automobile electronic parts in South Korea and intern... More
YOUNGHWA 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 YOUNGHWA 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 YOUNGHWA TECH Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 9.73 | |||
| Value At Risk | (3.08) | |||
| Potential Upside | 3.06 |
YOUNGHWA TECH Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for YOUNGHWA TECH's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as YOUNGHWA TECH's standard deviation. In reality, there are many statistical measures that can use YOUNGHWA TECH historical prices to predict the future YOUNGHWA TECH's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.46) | |||
| Treynor Ratio | (15.07) |
YOUNGHWA TECH Backtested Returns
YOUNGHWA TECH shows Sharpe Ratio of -0.0434, which attests that the company had a -0.0434% return per unit of risk over the last 3 months. YOUNGHWA TECH exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out YOUNGHWA TECH's Market Risk Adjusted Performance of (15.06), mean deviation of 1.45, and Standard Deviation of 1.95 to validate the risk estimate we provide. The firm maintains a market beta of 0.0089, which attests to not very significant fluctuations relative to the market. As returns on the market increase, YOUNGHWA TECH's returns are expected to increase less than the market. However, during the bear market, the loss of holding YOUNGHWA TECH is expected to be smaller as well. At this point, YOUNGHWA TECH has a negative expected return of -0.0834%. Please make sure to check out YOUNGHWA TECH's total risk alpha, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to decide if YOUNGHWA TECH performance from the past will be repeated at some future point.
Auto-correlation | -0.14 |
Insignificant reverse predictability
YOUNGHWA TECH Co has insignificant reverse predictability. Overlapping area represents the amount of predictability between YOUNGHWA TECH time series from 12th of December 2022 to 7th of December 2023 and 7th of December 2023 to 1st 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 YOUNGHWA TECH price movement. The serial correlation of -0.14 indicates that less than 14.0% of current YOUNGHWA TECH price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.14 | |
| Spearman Rank Test | -0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 659 K |
YOUNGHWA TECH lagged returns against current returns
Autocorrelation, which is YOUNGHWA 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 YOUNGHWA TECH's stock expected returns. We can calculate the autocorrelation of YOUNGHWA TECH returns to help us make a trade decision. For example, suppose you find that YOUNGHWA 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 |
YOUNGHWA 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 YOUNGHWA TECH stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if YOUNGHWA TECH stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in YOUNGHWA TECH stock over time.
Current vs Lagged Prices |
| Timeline |
YOUNGHWA TECH Lagged Returns
When evaluating YOUNGHWA TECH's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of YOUNGHWA TECH stock have on its future price. YOUNGHWA 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, YOUNGHWA TECH autocorrelation shows the relationship between YOUNGHWA TECH stock current value and its past values and can show if there is a momentum factor associated with investing in YOUNGHWA TECH Co.
Regressed Prices |
| Timeline |
Pair Trading with YOUNGHWA 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 YOUNGHWA 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 YOUNGHWA TECH will appreciate offsetting losses from the drop in the long position's value.Moving together with YOUNGHWA Stock
Moving against YOUNGHWA Stock
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| 0.42 | 041190 | Woori Technology Inv | PairCorr |
| 0.35 | 020400 | Daedong Metals | PairCorr |
The ability to find closely correlated positions to YOUNGHWA 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 YOUNGHWA 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 YOUNGHWA 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 YOUNGHWA TECH Co to buy it.
The correlation of YOUNGHWA 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 YOUNGHWA TECH moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if YOUNGHWA TECH 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 YOUNGHWA 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 YOUNGHWA Stock
YOUNGHWA TECH financial ratios help investors to determine whether YOUNGHWA 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 YOUNGHWA with respect to the benefits of owning YOUNGHWA TECH security.