Youdao Inc Stock Market Value
| DAO Stock | USD 5.19 0.02 0.38% |
| Symbol | Youdao |
Youdao Inc Price To Book Ratio
Is Diversified Consumer Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Youdao. If investors know Youdao will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Youdao listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 3.683 | Earnings Share 0.06 | Revenue Per Share 48.125 | Quarterly Revenue Growth 0.095 | Return On Assets (0.01) |
The market value of Youdao Inc is measured differently than its book value, which is the value of Youdao that is recorded on the company's balance sheet. Investors also form their own opinion of Youdao's value that differs from its market value or its book value, called intrinsic value, which is Youdao's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Youdao's market value can be influenced by many factors that don't directly affect Youdao's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Youdao's value and its price as these two are different measures arrived at by different means. Investors typically determine if Youdao is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Youdao's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Youdao '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 Youdao'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 Youdao.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Youdao on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Youdao Inc or generate 0.0% return on investment in Youdao over 30 days. Youdao is related to or competes with Gaotu Techedu, TAL Education, Strategic Education, Vasta Platform, Afya, Adtalem Global, and Laureate Education. Youdao, Inc., an internet technology company, provides online services in the field of content, community, communication... More
Youdao 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 Youdao'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 Youdao Inc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.71 | |||
| Information Ratio | 0.0929 | |||
| Maximum Drawdown | 51.51 | |||
| Value At Risk | (6.58) | |||
| Potential Upside | 8.36 |
Youdao Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Youdao's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Youdao's standard deviation. In reality, there are many statistical measures that can use Youdao historical prices to predict the future Youdao's volatility.| Risk Adjusted Performance | 0.0924 | |||
| Jensen Alpha | 0.7294 | |||
| Total Risk Alpha | (0.15) | |||
| Sortino Ratio | 0.1301 | |||
| Treynor Ratio | (4.17) |
Youdao Inc Backtested Returns
Youdao appears to be unstable, given 3 months investment horizon. Youdao Inc shows Sharpe Ratio of 0.14, which attests that the company had a 0.14% return per unit of risk over the last 3 months. By examining Youdao's technical indicators, you can evaluate if the expected return of 0.94% is justified by implied risk. Please utilize Youdao's Market Risk Adjusted Performance of (4.16), downside deviation of 4.71, and Mean Deviation of 4.16 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Youdao holds a performance score of 11. The firm maintains a market beta of -0.17, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Youdao are expected to decrease at a much lower rate. During the bear market, Youdao is likely to outperform the market. Please check Youdao's semi variance, and the relationship between the maximum drawdown and accumulation distribution , to make a quick decision on whether Youdao's historical returns will revert.
Auto-correlation | -0.37 |
Poor reverse predictability
Youdao Inc has poor reverse predictability. Overlapping area represents the amount of predictability between Youdao time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 Youdao Inc price movement. The serial correlation of -0.37 indicates that just about 37.0% of current Youdao price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.37 | |
| Spearman Rank Test | -0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Youdao Inc lagged returns against current returns
Autocorrelation, which is Youdao 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 Youdao's stock expected returns. We can calculate the autocorrelation of Youdao returns to help us make a trade decision. For example, suppose you find that Youdao 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 |
Youdao 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 Youdao stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Youdao stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Youdao stock over time.
Current vs Lagged Prices |
| Timeline |
Youdao Lagged Returns
When evaluating Youdao's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Youdao stock have on its future price. Youdao 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, Youdao autocorrelation shows the relationship between Youdao stock current value and its past values and can show if there is a momentum factor associated with investing in Youdao Inc.
Regressed Prices |
| Timeline |
Pair Trading with Youdao
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 Youdao 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 Youdao will appreciate offsetting losses from the drop in the long position's value.Moving together with Youdao Stock
Moving against Youdao Stock
The ability to find closely correlated positions to Youdao could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Youdao 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 Youdao - 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 Youdao Inc to buy it.
The correlation of Youdao 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 Youdao moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Youdao Inc 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 Youdao 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.Check out Youdao Correlation, Youdao Volatility and Youdao Alpha and Beta module to complement your research on Youdao. You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.
Youdao technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.