Youngy Health (China) Market Value
| 300247 Stock | 3.96 0.01 0.25% |
| Symbol | Youngy |
Youngy Health '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 Youngy Health'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 Youngy Health.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Youngy Health on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Youngy Health Co or generate 0.0% return on investment in Youngy Health over 30 days. Youngy Health is related to or competes with Agricultural Bank, Industrial, Bank of China, China Construction, PetroChina, Industrial Bank, and China Life. Youngy Health is entity of China. It is traded as Stock on SHE exchange. More
Youngy Health 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 Youngy Health'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 Youngy Health Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.54 | |||
| Information Ratio | 0.133 | |||
| Maximum Drawdown | 26.85 | |||
| Value At Risk | (5.45) | |||
| Potential Upside | 10.81 |
Youngy Health Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Youngy Health's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Youngy Health's standard deviation. In reality, there are many statistical measures that can use Youngy Health historical prices to predict the future Youngy Health's volatility.| Risk Adjusted Performance | 0.131 | |||
| Jensen Alpha | 0.8364 | |||
| Total Risk Alpha | 0.0037 | |||
| Sortino Ratio | 0.1396 | |||
| Treynor Ratio | (1.10) |
Youngy Health Backtested Returns
Youngy Health appears to be very risky, given 3 months investment horizon. Youngy Health shows Sharpe Ratio of 0.18, which attests that the company had a 0.18% return per unit of risk over the last 3 months. By examining Youngy Health's technical indicators, you can evaluate if the expected return of 0.93% is justified by implied risk. Please utilize Youngy Health's Market Risk Adjusted Performance of (1.09), mean deviation of 3.33, and Downside Deviation of 4.54 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Youngy Health holds a performance score of 14. The firm maintains a market beta of -0.68, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Youngy Health are expected to decrease at a much lower rate. During the bear market, Youngy Health is likely to outperform the market. Please check Youngy Health's standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether Youngy Health's historical returns will revert.
Auto-correlation | 0.14 |
Insignificant predictability
Youngy Health Co has insignificant predictability. Overlapping area represents the amount of predictability between Youngy Health 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 Youngy Health price movement. The serial correlation of 0.14 indicates that less than 14.0% of current Youngy Health price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.14 | |
| Spearman Rank Test | 0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Youngy Health lagged returns against current returns
Autocorrelation, which is Youngy Health 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 Youngy Health's stock expected returns. We can calculate the autocorrelation of Youngy Health returns to help us make a trade decision. For example, suppose you find that Youngy Health 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 |
Youngy Health 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 Youngy Health stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Youngy Health stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Youngy Health stock over time.
Current vs Lagged Prices |
| Timeline |
Youngy Health Lagged Returns
When evaluating Youngy Health's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Youngy Health stock have on its future price. Youngy Health 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, Youngy Health autocorrelation shows the relationship between Youngy Health stock current value and its past values and can show if there is a momentum factor associated with investing in Youngy Health Co.
Regressed Prices |
| Timeline |
Also Currently Popular
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.Other Information on Investing in Youngy Stock
Youngy Health financial ratios help investors to determine whether Youngy 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 Youngy with respect to the benefits of owning Youngy Health security.