YoungQin International (Taiwan) Market Value
| 2755 Stock | TWD 99.10 0.50 0.50% |
| Symbol | YoungQin |
YoungQin International '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 YoungQin International'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 YoungQin International.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in YoungQin International on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding YoungQin International Co or generate 0.0% return on investment in YoungQin International over 540 days. YoungQin International is related to or competes with Gourmet Master, Wowprime Corp, Hi Lai, Louisa Professional, An Shin, and New Palace. YoungQin International Co., Ltd. operates a franchise of chain restaurants in Taiwan and internationally More
YoungQin International 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 YoungQin International'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 YoungQin International Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.1 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 6.95 | |||
| Value At Risk | (1.13) | |||
| Potential Upside | 2.25 |
YoungQin International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for YoungQin International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as YoungQin International's standard deviation. In reality, there are many statistical measures that can use YoungQin International historical prices to predict the future YoungQin International's volatility.| Risk Adjusted Performance | 0.0498 | |||
| Jensen Alpha | 0.0567 | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 3.43 |
YoungQin International Backtested Returns
At this stage we consider YoungQin Stock to be very steady. YoungQin International shows Sharpe Ratio of 0.0494, which attests that the company had a 0.0494% return per unit of risk over the last 3 months. We have found thirty technical indicators for YoungQin International, which you can use to evaluate the volatility of the company. Please check out YoungQin International's Downside Deviation of 1.1, market risk adjusted performance of 3.44, and Mean Deviation of 0.625 to validate if the risk estimate we provide is consistent with the expected return of 0.0558%. YoungQin International has a performance score of 3 on a scale of 0 to 100. The firm maintains a market beta of 0.0171, which attests to not very significant fluctuations relative to the market. As returns on the market increase, YoungQin International's returns are expected to increase less than the market. However, during the bear market, the loss of holding YoungQin International is expected to be smaller as well. YoungQin International right now maintains a risk of 1.13%. Please check out YoungQin International total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to decide if YoungQin International will be following its historical returns.
Auto-correlation | -0.56 |
Good reverse predictability
YoungQin International Co has good reverse predictability. Overlapping area represents the amount of predictability between YoungQin International time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th 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 YoungQin International price movement. The serial correlation of -0.56 indicates that roughly 56.0% of current YoungQin International price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.56 | |
| Spearman Rank Test | -0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 8.63 |
YoungQin International lagged returns against current returns
Autocorrelation, which is YoungQin International 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 YoungQin International's stock expected returns. We can calculate the autocorrelation of YoungQin International returns to help us make a trade decision. For example, suppose you find that YoungQin International 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 |
YoungQin International 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 YoungQin International stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if YoungQin International stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in YoungQin International stock over time.
Current vs Lagged Prices |
| Timeline |
YoungQin International Lagged Returns
When evaluating YoungQin International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of YoungQin International stock have on its future price. YoungQin International 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, YoungQin International autocorrelation shows the relationship between YoungQin International stock current value and its past values and can show if there is a momentum factor associated with investing in YoungQin International Co.
Regressed Prices |
| Timeline |
Pair Trading with YoungQin International
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 YoungQin International 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 YoungQin International will appreciate offsetting losses from the drop in the long position's value.Moving against YoungQin Stock
| 0.65 | 2754 | Kura Sushi Asia | PairCorr |
| 0.65 | 1259 | An Shin Food | PairCorr |
| 0.62 | 2758 | Louisa Professional | PairCorr |
| 0.56 | 2752 | Tofu Restaurant | PairCorr |
| 0.48 | 6539 | DV Biomed | PairCorr |
The ability to find closely correlated positions to YoungQin International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace YoungQin International 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 YoungQin International - 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 YoungQin International Co to buy it.
The correlation of YoungQin International 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 YoungQin International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if YoungQin International 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 YoungQin International 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.Additional Tools for YoungQin Stock Analysis
When running YoungQin International's price analysis, check to measure YoungQin International'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 YoungQin International is operating at the current time. Most of YoungQin International's value examination focuses on studying past and present price action to predict the probability of YoungQin International's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move YoungQin International's price. Additionally, you may evaluate how the addition of YoungQin International to your portfolios can decrease your overall portfolio volatility.