Yokogawa Electric Corp Stock Market Value
| YOKEY Stock | USD 43.82 0.66 1.53% |
| Symbol | Yokogawa |
Yokogawa Electric '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 Yokogawa Electric's pink sheet 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 Yokogawa Electric.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in Yokogawa Electric on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding Yokogawa Electric Corp or generate 0.0% return on investment in Yokogawa Electric over 720 days. Yokogawa Electric is related to or competes with Eaton PLC, ITM Power, Schneider Electric, CSW Industrials, Nidec, Vestas Wind, and Fanuc. Yokogawa Electric Corporation provides industrial automation, and test and measurement solutions in Japan, Southeast Asi... More
Yokogawa Electric 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 Yokogawa Electric's pink sheet 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 Yokogawa Electric Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 28.13 | |||
| Value At Risk | (4.21) | |||
| Potential Upside | 2.62 |
Yokogawa Electric Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Yokogawa Electric's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Yokogawa Electric's standard deviation. In reality, there are many statistical measures that can use Yokogawa Electric historical prices to predict the future Yokogawa Electric's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.61) | |||
| Treynor Ratio | 0.6527 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Yokogawa Electric's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Yokogawa Electric Corp Backtested Returns
Yokogawa Electric Corp shows Sharpe Ratio of -0.17, which attests that the company had a -0.17% return per unit of risk over the last 3 months. Yokogawa Electric Corp exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Yokogawa Electric's Standard Deviation of 3.23, mean deviation of 1.27, and Market Risk Adjusted Performance of 0.6627 to validate the risk estimate we provide. The firm maintains a market beta of -0.15, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Yokogawa Electric are expected to decrease at a much lower rate. During the bear market, Yokogawa Electric is likely to outperform the market. At this point, Yokogawa Electric Corp has a negative expected return of -0.34%. Please make sure to check out Yokogawa Electric's jensen alpha, kurtosis, as well as the relationship between the Kurtosis and period momentum indicator , to decide if Yokogawa Electric Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.69 |
Good predictability
Yokogawa Electric Corp has good predictability. Overlapping area represents the amount of predictability between Yokogawa Electric time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 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 Yokogawa Electric Corp price movement. The serial correlation of 0.69 indicates that around 69.0% of current Yokogawa Electric price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.69 | |
| Spearman Rank Test | 0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 22.2 |
Yokogawa Electric Corp lagged returns against current returns
Autocorrelation, which is Yokogawa Electric pink sheet'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 Yokogawa Electric's pink sheet expected returns. We can calculate the autocorrelation of Yokogawa Electric returns to help us make a trade decision. For example, suppose you find that Yokogawa Electric has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Yokogawa Electric 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 Yokogawa Electric pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Yokogawa Electric pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Yokogawa Electric pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Yokogawa Electric Lagged Returns
When evaluating Yokogawa Electric's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Yokogawa Electric pink sheet have on its future price. Yokogawa Electric 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, Yokogawa Electric autocorrelation shows the relationship between Yokogawa Electric pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Yokogawa Electric Corp.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Yokogawa Pink Sheet Analysis
When running Yokogawa Electric's price analysis, check to measure Yokogawa Electric'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 Yokogawa Electric is operating at the current time. Most of Yokogawa Electric's value examination focuses on studying past and present price action to predict the probability of Yokogawa Electric's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Yokogawa Electric's price. Additionally, you may evaluate how the addition of Yokogawa Electric to your portfolios can decrease your overall portfolio volatility.