Yieh United (Taiwan) Market Value
| 9957 Stock | TWD 6.39 0.03 0.47% |
| Symbol | Yieh |
Yieh United '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 Yieh United'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 Yieh United.
| 08/02/2023 |
| 11/24/2024 |
If you would invest 0.00 in Yieh United on August 2, 2023 and sell it all today you would earn a total of 0.00 from holding Yieh United Steel or generate 0.0% return on investment in Yieh United over 480 days. Yieh United is related to or competes with Cayenne Entertainment, Chunghwa Telecom, Jia Jie, Tai Tung, Gamania Digital, and TWOWAY Communications. Yieh United Steel Corp. produces and sells stainless steel products in Taiwan and internationally More
Yieh United 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 Yieh United'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 Yieh United Steel upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.19 | |||
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 8.48 | |||
| Value At Risk | (1.69) | |||
| Potential Upside | 1.72 |
Yieh United Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Yieh United's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Yieh United's standard deviation. In reality, there are many statistical measures that can use Yieh United historical prices to predict the future Yieh United's volatility.| Risk Adjusted Performance | 0.0044 | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.21) | |||
| Sortino Ratio | (0.11) | |||
| Treynor Ratio | (0.02) |
Yieh United Steel Backtested Returns
Yieh United Steel 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. Yieh United Steel exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Yieh United's Downside Deviation of 1.19, mean deviation of 0.8039, and Market Risk Adjusted Performance of (0.01) to validate the risk estimate we provide. The firm maintains a market beta of 0.37, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Yieh United's returns are expected to increase less than the market. However, during the bear market, the loss of holding Yieh United is expected to be smaller as well. At this point, Yieh United Steel has a negative expected return of -0.0016%. Please make sure to check out Yieh United's market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to decide if Yieh United Steel performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.23 |
Weak predictability
Yieh United Steel has weak predictability. Overlapping area represents the amount of predictability between Yieh United time series from 2nd of August 2023 to 29th of March 2024 and 29th of March 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 Yieh United Steel price movement. The serial correlation of 0.23 indicates that over 23.0% of current Yieh United price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.23 | |
| Spearman Rank Test | 0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Yieh United Steel lagged returns against current returns
Autocorrelation, which is Yieh United 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 Yieh United's stock expected returns. We can calculate the autocorrelation of Yieh United returns to help us make a trade decision. For example, suppose you find that Yieh United 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 |
Yieh United 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 Yieh United stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Yieh United stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Yieh United stock over time.
Current vs Lagged Prices |
| Timeline |
Yieh United Lagged Returns
When evaluating Yieh United's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Yieh United stock have on its future price. Yieh United 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, Yieh United autocorrelation shows the relationship between Yieh United stock current value and its past values and can show if there is a momentum factor associated with investing in Yieh United Steel.
Regressed Prices |
| Timeline |
Pair Trading with Yieh United
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 Yieh United 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 Yieh United will appreciate offsetting losses from the drop in the long position's value.Moving together with Yieh Stock
The ability to find closely correlated positions to Yieh United could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Yieh United 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 Yieh United - 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 Yieh United Steel to buy it.
The correlation of Yieh United 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 Yieh United moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Yieh United Steel 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 Yieh United 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 Yieh Stock Analysis
When running Yieh United's price analysis, check to measure Yieh United'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 Yieh United is operating at the current time. Most of Yieh United's value examination focuses on studying past and present price action to predict the probability of Yieh United's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Yieh United's price. Additionally, you may evaluate how the addition of Yieh United to your portfolios can decrease your overall portfolio volatility.