Yufo Electronics (Taiwan) Market Value
| 6194 Stock | TWD 37.20 0.05 0.13% |
| Symbol | Yufo |
Yufo Electronics '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 Yufo Electronics' 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 Yufo Electronics.
| 01/26/2025 |
| 02/25/2025 |
If you would invest 0.00 in Yufo Electronics on January 26, 2025 and sell it all today you would earn a total of 0.00 from holding Yufo Electronics Co or generate 0.0% return on investment in Yufo Electronics over 30 days. Yufo Electronics is related to or competes with Logah Technology, Min Aik, Nova Technology, Shinkong Insurance, First Insurance, Avalue Technology, and Sitronix Technology. Yufo Electronics Co., Ltd. engages in the manufacture and sale of printed circuit boards in Taiwan and internationally More
Yufo Electronics 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 Yufo Electronics' 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 Yufo Electronics Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 4.59 | |||
| Value At Risk | (1.95) | |||
| Potential Upside | 1.42 |
Yufo Electronics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Yufo Electronics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Yufo Electronics' standard deviation. In reality, there are many statistical measures that can use Yufo Electronics historical prices to predict the future Yufo Electronics' volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.10) | |||
| Treynor Ratio | (2.44) |
Yufo Electronics Backtested Returns
Yufo Electronics shows Sharpe Ratio of -0.0522, which attests that the company had a -0.0522 % return per unit of risk over the last 3 months. Yufo Electronics exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Yufo Electronics' Standard Deviation of 0.9942, market risk adjusted performance of (2.43), and Mean Deviation of 0.7574 to validate the risk estimate we provide. The firm maintains a market beta of 0.0448, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Yufo Electronics' returns are expected to increase less than the market. However, during the bear market, the loss of holding Yufo Electronics is expected to be smaller as well. At this point, Yufo Electronics has a negative expected return of -0.0518%. Please make sure to check out Yufo Electronics' market risk adjusted performance, coefficient of variation, information ratio, as well as the relationship between the mean deviation and standard deviation , to decide if Yufo Electronics performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.70 |
Good predictability
Yufo Electronics Co has good predictability. Overlapping area represents the amount of predictability between Yufo Electronics time series from 26th of January 2025 to 10th of February 2025 and 10th of February 2025 to 25th of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Yufo Electronics price movement. The serial correlation of 0.7 indicates that around 70.0% of current Yufo Electronics price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.7 | |
| Spearman Rank Test | 0.66 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
Yufo Electronics lagged returns against current returns
Autocorrelation, which is Yufo Electronics 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 Yufo Electronics' stock expected returns. We can calculate the autocorrelation of Yufo Electronics returns to help us make a trade decision. For example, suppose you find that Yufo Electronics 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 |
Yufo Electronics 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 Yufo Electronics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Yufo Electronics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Yufo Electronics stock over time.
Current vs Lagged Prices |
| Timeline |
Yufo Electronics Lagged Returns
When evaluating Yufo Electronics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Yufo Electronics stock have on its future price. Yufo Electronics 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, Yufo Electronics autocorrelation shows the relationship between Yufo Electronics stock current value and its past values and can show if there is a momentum factor associated with investing in Yufo Electronics Co.
Regressed Prices |
| Timeline |
Pair Trading with Yufo Electronics
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 Yufo Electronics 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 Yufo Electronics will appreciate offsetting losses from the drop in the long position's value.Moving together with Yufo Stock
| 0.8 | 5215 | Ko Ja Cayman | PairCorr |
| 0.66 | 6674 | Compal Broadband Networks | PairCorr |
| 0.87 | 3556 | eGalaxeMPIA Technology | PairCorr |
Moving against Yufo Stock
| 0.73 | 2345 | Accton Technology Corp | PairCorr |
| 0.62 | 0050 | YuantaP shares Taiwan | PairCorr |
| 0.56 | 0053 | YuantaP shares Taiwan | PairCorr |
| 0.55 | 0057 | Fubon MSCI Taiwan | PairCorr |
| 0.45 | 1591 | Inmax Holding | PairCorr |
The ability to find closely correlated positions to Yufo Electronics could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Yufo Electronics 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 Yufo Electronics - 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 Yufo Electronics Co to buy it.
The correlation of Yufo Electronics 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 Yufo Electronics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Yufo Electronics 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 Yufo Electronics 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 Yufo Stock Analysis
When running Yufo Electronics' price analysis, check to measure Yufo Electronics' 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 Yufo Electronics is operating at the current time. Most of Yufo Electronics' value examination focuses on studying past and present price action to predict the probability of Yufo Electronics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Yufo Electronics' price. Additionally, you may evaluate how the addition of Yufo Electronics to your portfolios can decrease your overall portfolio volatility.