Yung Zip (Taiwan) Market Value
| 4102 Stock | TWD 32.85 0.10 0.31% |
| Symbol | Yung |
Yung Zip '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 Yung Zip'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 Yung Zip.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in Yung Zip on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding Yung Zip Chemical or generate 0.0% return on investment in Yung Zip over 180 days. Yung Zip is related to or competes with Taiwan Semiconductor, Hon Hai, MediaTek, Chunghwa Telecom, Formosa Petrochemical, Delta Electronics, and Cathay Financial. Co., Ltd. manufactures and supplies active pharmaceutical ingredients in Taiwan More
Yung Zip 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 Yung Zip'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 Yung Zip Chemical upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 13.91 | |||
| Value At Risk | (4.56) | |||
| Potential Upside | 2.27 |
Yung Zip Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Yung Zip's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Yung Zip's standard deviation. In reality, there are many statistical measures that can use Yung Zip historical prices to predict the future Yung Zip's volatility.| Risk Adjusted Performance | (0.1) | |||
| Jensen Alpha | (0.34) | |||
| Total Risk Alpha | (0.67) | |||
| Treynor Ratio | (1.07) |
Yung Zip Chemical Backtested Returns
Yung Zip Chemical shows Sharpe Ratio of -0.14, which attests that the company had a -0.14% return per unit of risk over the last 3 months. Yung Zip Chemical exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Yung Zip's Market Risk Adjusted Performance of (1.06), mean deviation of 1.49, and Standard Deviation of 2.18 to validate the risk estimate we provide. The firm maintains a market beta of 0.28, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Yung Zip's returns are expected to increase less than the market. However, during the bear market, the loss of holding Yung Zip is expected to be smaller as well. At this point, Yung Zip Chemical has a negative expected return of -0.31%. Please make sure to check out Yung Zip's standard deviation, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if Yung Zip Chemical performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.78 |
Almost perfect reverse predictability
Yung Zip Chemical has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Yung Zip time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th 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 Yung Zip Chemical price movement. The serial correlation of -0.78 indicates that around 78.0% of current Yung Zip price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.78 | |
| Spearman Rank Test | -0.83 | |
| Residual Average | 0.0 | |
| Price Variance | 10.73 |
Yung Zip Chemical lagged returns against current returns
Autocorrelation, which is Yung Zip 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 Yung Zip's stock expected returns. We can calculate the autocorrelation of Yung Zip returns to help us make a trade decision. For example, suppose you find that Yung Zip 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 |
Yung Zip 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 Yung Zip stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Yung Zip stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Yung Zip stock over time.
Current vs Lagged Prices |
| Timeline |
Yung Zip Lagged Returns
When evaluating Yung Zip's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Yung Zip stock have on its future price. Yung Zip 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, Yung Zip autocorrelation shows the relationship between Yung Zip stock current value and its past values and can show if there is a momentum factor associated with investing in Yung Zip Chemical.
Regressed Prices |
| Timeline |
Pair Trading with Yung Zip
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 Yung Zip 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 Yung Zip will appreciate offsetting losses from the drop in the long position's value.Moving against Yung Stock
| 0.83 | 2603 | Evergreen Marine Corp | PairCorr |
| 0.79 | 1432 | Trk Corp | PairCorr |
| 0.74 | 3211 | Dynapack International | PairCorr |
| 0.72 | 2609 | Yang Ming Marine | PairCorr |
| 0.66 | 0050 | YuantaP shares Taiwan | PairCorr |
The ability to find closely correlated positions to Yung Zip could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Yung Zip 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 Yung Zip - 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 Yung Zip Chemical to buy it.
The correlation of Yung Zip 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 Yung Zip moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Yung Zip Chemical 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 Yung Zip 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 Yung Stock Analysis
When running Yung Zip's price analysis, check to measure Yung Zip'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 Yung Zip is operating at the current time. Most of Yung Zip's value examination focuses on studying past and present price action to predict the probability of Yung Zip's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Yung Zip's price. Additionally, you may evaluate how the addition of Yung Zip to your portfolios can decrease your overall portfolio volatility.