Young Optics (Taiwan) Market Value
| 3504 Stock | TWD 58.90 2.10 3.70% |
| Symbol | Young |
Young Optics '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 Young Optics' 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 Young Optics.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Young Optics on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Young Optics or generate 0.0% return on investment in Young Optics over 30 days. Young Optics is related to or competes with Novatek Microelectronics, and United Microelectronics. Young Optics Inc. engages in the research, design, manufacture, and sale of optical components and modules in Taiwan More
Young Optics 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 Young Optics' 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 Young Optics upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.0 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 9.5 | |||
| Value At Risk | (2.78) | |||
| Potential Upside | 2.84 |
Young Optics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Young Optics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Young Optics' standard deviation. In reality, there are many statistical measures that can use Young Optics historical prices to predict the future Young Optics' volatility.| Risk Adjusted Performance | 0.0184 | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.27) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.0338 |
Young Optics Backtested Returns
At this stage we consider Young Stock to be very steady. Young Optics shows Sharpe Ratio of 0.0355, which attests that the company had a 0.0355% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Young Optics, which you can use to evaluate the volatility of the company. Please check out Young Optics' Downside Deviation of 2.0, market risk adjusted performance of 0.0438, and Mean Deviation of 1.35 to validate if the risk estimate we provide is consistent with the expected return of 0.0684%. Young Optics has a performance score of 2 on a scale of 0 to 100. The firm maintains a market beta of 0.59, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Young Optics' returns are expected to increase less than the market. However, during the bear market, the loss of holding Young Optics is expected to be smaller as well. Young Optics right now maintains a risk of 1.93%. Please check out Young Optics standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to decide if Young Optics will be following its historical returns.
Auto-correlation | -0.73 |
Almost perfect reverse predictability
Young Optics has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Young Optics time series from 27th of October 2024 to 11th of November 2024 and 11th of November 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 Young Optics price movement. The serial correlation of -0.73 indicates that around 73.0% of current Young Optics price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.73 | |
| Spearman Rank Test | -0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 3.44 |
Young Optics lagged returns against current returns
Autocorrelation, which is Young Optics 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 Young Optics' stock expected returns. We can calculate the autocorrelation of Young Optics returns to help us make a trade decision. For example, suppose you find that Young Optics 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 |
Young Optics 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 Young Optics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Young Optics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Young Optics stock over time.
Current vs Lagged Prices |
| Timeline |
Young Optics Lagged Returns
When evaluating Young Optics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Young Optics stock have on its future price. Young Optics 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, Young Optics autocorrelation shows the relationship between Young Optics stock current value and its past values and can show if there is a momentum factor associated with investing in Young Optics.
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 Young Stock Analysis
When running Young Optics' price analysis, check to measure Young Optics' 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 Young Optics is operating at the current time. Most of Young Optics' value examination focuses on studying past and present price action to predict the probability of Young Optics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Young Optics' price. Additionally, you may evaluate how the addition of Young Optics to your portfolios can decrease your overall portfolio volatility.