Yeou Yih (Taiwan) Market Value
| 9962 Stock | TWD 15.40 0.15 0.96% |
| Symbol | Yeou |
Yeou Yih '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 Yeou Yih'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 Yeou Yih.
| 05/08/2023 |
| 11/28/2024 |
If you would invest 0.00 in Yeou Yih on May 8, 2023 and sell it all today you would earn a total of 0.00 from holding Yeou Yih Steel or generate 0.0% return on investment in Yeou Yih over 570 days. Yeou Yih is related to or competes with Dadi Early, Kindom Construction, Ruentex Engineering, Chiu Ting, Pacific Construction, Te Chang, and Insyde Software. More
Yeou Yih 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 Yeou Yih'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 Yeou Yih Steel upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.25 | |||
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 7.58 | |||
| Value At Risk | (2.24) | |||
| Potential Upside | 1.64 |
Yeou Yih Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Yeou Yih's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Yeou Yih's standard deviation. In reality, there are many statistical measures that can use Yeou Yih historical prices to predict the future Yeou Yih's volatility.| Risk Adjusted Performance | 0.0239 | |||
| Jensen Alpha | 0.038 | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | (0.08) | |||
| Treynor Ratio | (0.15) |
Yeou Yih Steel Backtested Returns
At this stage we consider Yeou Stock to be very steady. Yeou Yih Steel shows Sharpe Ratio of 0.0015, which attests that the company had a 0.0015% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Yeou Yih Steel, which you can use to evaluate the volatility of the company. Please check out Yeou Yih's Market Risk Adjusted Performance of (0.14), mean deviation of 0.7461, and Downside Deviation of 1.25 to validate if the risk estimate we provide is consistent with the expected return of 0.0018%. The firm maintains a market beta of -0.14, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Yeou Yih are expected to decrease at a much lower rate. During the bear market, Yeou Yih is likely to outperform the market. Yeou Yih Steel right now maintains a risk of 1.2%. Please check out Yeou Yih Steel coefficient of variation, jensen alpha, sortino ratio, as well as the relationship between the information ratio and total risk alpha , to decide if Yeou Yih Steel will be following its historical returns.
Auto-correlation | 0.55 |
Modest predictability
Yeou Yih Steel has modest predictability. Overlapping area represents the amount of predictability between Yeou Yih time series from 8th of May 2023 to 17th of February 2024 and 17th of February 2024 to 28th 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 Yeou Yih Steel price movement. The serial correlation of 0.55 indicates that about 55.0% of current Yeou Yih price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.55 | |
| Spearman Rank Test | 0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.46 |
Yeou Yih Steel lagged returns against current returns
Autocorrelation, which is Yeou Yih 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 Yeou Yih's stock expected returns. We can calculate the autocorrelation of Yeou Yih returns to help us make a trade decision. For example, suppose you find that Yeou Yih 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 |
Yeou Yih 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 Yeou Yih stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Yeou Yih stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Yeou Yih stock over time.
Current vs Lagged Prices |
| Timeline |
Yeou Yih Lagged Returns
When evaluating Yeou Yih's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Yeou Yih stock have on its future price. Yeou Yih 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, Yeou Yih autocorrelation shows the relationship between Yeou Yih stock current value and its past values and can show if there is a momentum factor associated with investing in Yeou Yih Steel.
Regressed Prices |
| Timeline |
Pair Trading with Yeou Yih
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 Yeou Yih 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 Yeou Yih will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Yeou Yih could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Yeou Yih 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 Yeou Yih - 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 Yeou Yih Steel to buy it.
The correlation of Yeou Yih 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 Yeou Yih moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Yeou Yih 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 Yeou Yih 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 Yeou Stock Analysis
When running Yeou Yih's price analysis, check to measure Yeou Yih'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 Yeou Yih is operating at the current time. Most of Yeou Yih's value examination focuses on studying past and present price action to predict the probability of Yeou Yih's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Yeou Yih's price. Additionally, you may evaluate how the addition of Yeou Yih to your portfolios can decrease your overall portfolio volatility.