Yem Chio (Taiwan) Market Value
| 4306 Stock | TWD 18.20 0.10 0.55% |
| Symbol | Yem |
Yem Chio '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 Yem Chio'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 Yem Chio.
| 08/29/2024 |
| 11/27/2024 |
If you would invest 0.00 in Yem Chio on August 29, 2024 and sell it all today you would earn a total of 0.00 from holding Yem Chio Co or generate 0.0% return on investment in Yem Chio over 90 days. Yem Chio is related to or competes with USI Corp, Asia Polymer, Sincere Navigation, Lealea Enterprise, and Li Peng. Yem Chio Co., Ltd. engages in the biaxially stretched polypropylene film, adhesive tape, packaging material, land develo... More
Yem Chio 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 Yem Chio'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 Yem Chio Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 11.43 | |||
| Value At Risk | (2.48) | |||
| Potential Upside | 1.19 |
Yem Chio Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Yem Chio's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Yem Chio's standard deviation. In reality, there are many statistical measures that can use Yem Chio historical prices to predict the future Yem Chio's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.35) | |||
| Treynor Ratio | (1.65) |
Yem Chio Backtested Returns
Yem Chio shows Sharpe Ratio of -0.0653, which attests that the company had a -0.0653% return per unit of risk over the last 3 months. Yem Chio exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Yem Chio's Market Risk Adjusted Performance of (1.64), standard deviation of 1.51, and Mean Deviation of 0.9257 to validate the risk estimate we provide. The firm maintains a market beta of 0.0656, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Yem Chio's returns are expected to increase less than the market. However, during the bear market, the loss of holding Yem Chio is expected to be smaller as well. At this point, Yem Chio has a negative expected return of -0.0984%. Please make sure to check out Yem Chio's coefficient of variation, jensen alpha, treynor ratio, as well as the relationship between the standard deviation and total risk alpha , to decide if Yem Chio performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.63 |
Good predictability
Yem Chio Co has good predictability. Overlapping area represents the amount of predictability between Yem Chio time series from 29th of August 2024 to 13th of October 2024 and 13th of October 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 Yem Chio price movement. The serial correlation of 0.63 indicates that roughly 63.0% of current Yem Chio price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.63 | |
| Spearman Rank Test | 0.53 | |
| Residual Average | 0.0 | |
| Price Variance | 0.09 |
Yem Chio lagged returns against current returns
Autocorrelation, which is Yem Chio 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 Yem Chio's stock expected returns. We can calculate the autocorrelation of Yem Chio returns to help us make a trade decision. For example, suppose you find that Yem Chio 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 |
Yem Chio 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 Yem Chio stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Yem Chio stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Yem Chio stock over time.
Current vs Lagged Prices |
| Timeline |
Yem Chio Lagged Returns
When evaluating Yem Chio's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Yem Chio stock have on its future price. Yem Chio 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, Yem Chio autocorrelation shows the relationship between Yem Chio stock current value and its past values and can show if there is a momentum factor associated with investing in Yem Chio Co.
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 Yem Stock Analysis
When running Yem Chio's price analysis, check to measure Yem Chio'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 Yem Chio is operating at the current time. Most of Yem Chio's value examination focuses on studying past and present price action to predict the probability of Yem Chio's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Yem Chio's price. Additionally, you may evaluate how the addition of Yem Chio to your portfolios can decrease your overall portfolio volatility.