Wing Yip Food Stock Market Value
| WYHG Stock | 4.45 0.31 7.49% |
| Symbol | Wing |
Is Food Products 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 Wing Yip. If investors know Wing 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 Wing Yip listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Wing Yip Food is measured differently than its book value, which is the value of Wing that is recorded on the company's balance sheet. Investors also form their own opinion of Wing Yip's value that differs from its market value or its book value, called intrinsic value, which is Wing Yip'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 Wing Yip's market value can be influenced by many factors that don't directly affect Wing Yip'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 Wing Yip's value and its price as these two are different measures arrived at by different means. Investors typically determine if Wing Yip is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Wing Yip'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.
Wing Yip '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 Wing Yip'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 Wing Yip.
| 12/15/2022 |
| 12/04/2024 |
If you would invest 0.00 in Wing Yip on December 15, 2022 and sell it all today you would earn a total of 0.00 from holding Wing Yip Food or generate 0.0% return on investment in Wing Yip over 720 days. Wing Yip is related to or competes with Kellanova, Lamb Weston, Westrock Coffee, Central Garden, Farmmi, Farmer Bros, and BG Foods. Wing Yip is entity of United States. It is traded as Stock on NASDAQ exchange. More
Wing Yip 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 Wing Yip'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 Wing Yip Food upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1678 | |||
| Maximum Drawdown | 4.72 | |||
| Value At Risk | (4.72) | |||
| Potential Upside | 7.49 |
Wing Yip Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wing Yip's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wing Yip's standard deviation. In reality, there are many statistical measures that can use Wing Yip historical prices to predict the future Wing Yip's volatility.| Risk Adjusted Performance | 0.1549 | |||
| Jensen Alpha | 0.9022 | |||
| Total Risk Alpha | 0.255 | |||
| Treynor Ratio | (6.78) |
Wing Yip Food Backtested Returns
Wing Yip is out of control given 3 months investment horizon. Wing Yip Food shows Sharpe Ratio of 0.38, which attests that the company had a 0.38% return per unit of risk over the last 3 months. We have analyze and collected data for twenty-three different technical indicators, which can help you to evaluate if expected returns of 143.63% are justified by taking the suggested risk. Use Wing Yip Food Market Risk Adjusted Performance of (6.77), standard deviation of 4.68, and Mean Deviation of 3.68 to evaluate company specific risk that cannot be diversified away. Wing Yip holds a performance score of 29 on a scale of zero to a hundred. The firm maintains a market beta of -0.13, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Wing Yip are expected to decrease at a much lower rate. During the bear market, Wing Yip is likely to outperform the market. Use Wing Yip Food treynor ratio, kurtosis, as well as the relationship between the Kurtosis and day typical price , to analyze future returns on Wing Yip Food.
Auto-correlation | 0.00 |
No correlation between past and present
Wing Yip Food has no correlation between past and present. Overlapping area represents the amount of predictability between Wing Yip time series from 15th of December 2022 to 10th of December 2023 and 10th of December 2023 to 4th of December 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 Wing Yip Food price movement. The serial correlation of 0.0 indicates that just 0.0% of current Wing Yip price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Wing Yip Food lagged returns against current returns
Autocorrelation, which is Wing Yip 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 Wing Yip's stock expected returns. We can calculate the autocorrelation of Wing Yip returns to help us make a trade decision. For example, suppose you find that Wing Yip 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 |
Wing Yip 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 Wing Yip stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wing Yip stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Wing Yip stock over time.
Current vs Lagged Prices |
| Timeline |
Wing Yip Lagged Returns
When evaluating Wing Yip's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wing Yip stock have on its future price. Wing Yip 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, Wing Yip autocorrelation shows the relationship between Wing Yip stock current value and its past values and can show if there is a momentum factor associated with investing in Wing Yip Food.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether Wing Yip Food is a strong investment it is important to analyze Wing Yip's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Wing Yip's future performance. For an informed investment choice regarding Wing Stock, refer to the following important reports:Check out Wing Yip Correlation, Wing Yip Volatility and Wing Yip Alpha and Beta module to complement your research on Wing Yip. You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
Wing Yip 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.