YungShin Global (Taiwan) Market Value
| 3705 Stock | TWD 57.00 0.90 1.55% |
| Symbol | YungShin |
YungShin Global '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 YungShin Global'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 YungShin Global.
| 02/01/2024 |
| 11/27/2024 |
If you would invest 0.00 in YungShin Global on February 1, 2024 and sell it all today you would earn a total of 0.00 from holding YungShin Global Holding or generate 0.0% return on investment in YungShin Global over 300 days. YungShin Global is related to or competes with Sinphar Pharmaceutical, Phytohealth Corp, Excelsior Medical, Abnova Taiwan, and CHC Healthcare. YungShin Global Holding Corporation, through its subsidiaries, produces and sells pharmaceutical products More
YungShin Global 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 YungShin Global'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 YungShin Global Holding upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.73 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 11.3 | |||
| Value At Risk | (2.07) | |||
| Potential Upside | 2.32 |
YungShin Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for YungShin Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as YungShin Global's standard deviation. In reality, there are many statistical measures that can use YungShin Global historical prices to predict the future YungShin Global's volatility.| Risk Adjusted Performance | 0.0179 | |||
| Jensen Alpha | 0.0672 | |||
| Total Risk Alpha | (0.25) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | (0.04) |
YungShin Global Holding Backtested Returns
YungShin Global Holding shows Sharpe Ratio of -0.0013, which attests that the company had a -0.0013% return per unit of risk over the last 3 months. YungShin Global Holding exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out YungShin Global's Downside Deviation of 1.73, mean deviation of 1.06, and Market Risk Adjusted Performance of (0.03) to validate the risk estimate we provide. The firm maintains a market beta of -0.41, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning YungShin Global are expected to decrease at a much lower rate. During the bear market, YungShin Global is likely to outperform the market. At this point, YungShin Global Holding has a negative expected return of -0.0022%. Please make sure to check out YungShin Global's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if YungShin Global Holding performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.64 |
Good predictability
YungShin Global Holding has good predictability. Overlapping area represents the amount of predictability between YungShin Global time series from 1st of February 2024 to 30th of June 2024 and 30th of June 2024 to 27th 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 YungShin Global Holding price movement. The serial correlation of 0.64 indicates that roughly 64.0% of current YungShin Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.64 | |
| Spearman Rank Test | 0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 8.11 |
YungShin Global Holding lagged returns against current returns
Autocorrelation, which is YungShin Global 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 YungShin Global's stock expected returns. We can calculate the autocorrelation of YungShin Global returns to help us make a trade decision. For example, suppose you find that YungShin Global 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 |
YungShin Global 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 YungShin Global stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if YungShin Global stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in YungShin Global stock over time.
Current vs Lagged Prices |
| Timeline |
YungShin Global Lagged Returns
When evaluating YungShin Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of YungShin Global stock have on its future price. YungShin Global 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, YungShin Global autocorrelation shows the relationship between YungShin Global stock current value and its past values and can show if there is a momentum factor associated with investing in YungShin Global Holding.
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 YungShin Stock Analysis
When running YungShin Global's price analysis, check to measure YungShin Global'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 YungShin Global is operating at the current time. Most of YungShin Global's value examination focuses on studying past and present price action to predict the probability of YungShin Global's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move YungShin Global's price. Additionally, you may evaluate how the addition of YungShin Global to your portfolios can decrease your overall portfolio volatility.