YeaShin International (Taiwan) Market Value
| 5213 Stock | TWD 32.00 0.75 2.40% |
| Symbol | YeaShin |
YeaShin International '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 YeaShin International'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 YeaShin International.
| 11/30/2023 |
| 11/24/2024 |
If you would invest 0.00 in YeaShin International on November 30, 2023 and sell it all today you would earn a total of 0.00 from holding YeaShin International Development or generate 0.0% return on investment in YeaShin International over 360 days. YeaShin International is related to or competes with Run Long, Chong Hong, JSL Construction, Delpha Construction, Yungshin Construction, Kings Town, and Hung Sheng. YeaShin International Development Co., Ltd More
YeaShin International 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 YeaShin International'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 YeaShin International Development upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.26) | |||
| Maximum Drawdown | 8.87 | |||
| Value At Risk | (3.41) | |||
| Potential Upside | 2.0 |
YeaShin International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for YeaShin International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as YeaShin International's standard deviation. In reality, there are many statistical measures that can use YeaShin International historical prices to predict the future YeaShin International's volatility.| Risk Adjusted Performance | (0.14) | |||
| Jensen Alpha | (0.41) | |||
| Total Risk Alpha | (0.65) | |||
| Treynor Ratio | (0.87) |
YeaShin International Backtested Returns
YeaShin International 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. YeaShin International exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out YeaShin International's Standard Deviation of 1.86, mean deviation of 1.31, and Market Risk Adjusted Performance of (0.86) 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, YeaShin International's returns are expected to increase less than the market. However, during the bear market, the loss of holding YeaShin International is expected to be smaller as well. At this point, YeaShin International has a negative expected return of -0.34%. Please make sure to check out YeaShin International's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if YeaShin International performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.76 |
Almost perfect reverse predictability
YeaShin International Development has almost perfect reverse predictability. Overlapping area represents the amount of predictability between YeaShin International time series from 30th of November 2023 to 28th of May 2024 and 28th of May 2024 to 24th 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 YeaShin International price movement. The serial correlation of -0.76 indicates that around 76.0% of current YeaShin International price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.76 | |
| Spearman Rank Test | -0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 26.8 |
YeaShin International lagged returns against current returns
Autocorrelation, which is YeaShin International 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 YeaShin International's stock expected returns. We can calculate the autocorrelation of YeaShin International returns to help us make a trade decision. For example, suppose you find that YeaShin International 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 |
YeaShin International 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 YeaShin International stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if YeaShin International stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in YeaShin International stock over time.
Current vs Lagged Prices |
| Timeline |
YeaShin International Lagged Returns
When evaluating YeaShin International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of YeaShin International stock have on its future price. YeaShin International 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, YeaShin International autocorrelation shows the relationship between YeaShin International stock current value and its past values and can show if there is a momentum factor associated with investing in YeaShin International Development.
Regressed Prices |
| Timeline |
Pair Trading with YeaShin International
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 YeaShin International 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 YeaShin International will appreciate offsetting losses from the drop in the long position's value.Moving together with YeaShin Stock
| 0.91 | 1808 | Run Long Construction Split | PairCorr |
| 0.94 | 5534 | Chong Hong Construction | PairCorr |
| 0.79 | 9940 | Sinyi Realty | PairCorr |
| 0.89 | 2540 | JSL Construction Dev Split | PairCorr |
Moving against YeaShin Stock
| 0.9 | 3293 | International Games | PairCorr |
| 0.86 | 2357 | Asustek Computer | PairCorr |
| 0.86 | 0057 | Fubon MSCI Taiwan | PairCorr |
| 0.83 | 0050 | YuantaP shares Taiwan | PairCorr |
| 0.81 | 0053 | YuantaP shares Taiwan | PairCorr |
The ability to find closely correlated positions to YeaShin International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace YeaShin International 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 YeaShin International - 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 YeaShin International Development to buy it.
The correlation of YeaShin International 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 YeaShin International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if YeaShin International 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 YeaShin International 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 YeaShin Stock Analysis
When running YeaShin International's price analysis, check to measure YeaShin International'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 YeaShin International is operating at the current time. Most of YeaShin International's value examination focuses on studying past and present price action to predict the probability of YeaShin International's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move YeaShin International's price. Additionally, you may evaluate how the addition of YeaShin International to your portfolios can decrease your overall portfolio volatility.