Yokohama Rubber (Germany) Market Value
| YRB Stock | EUR 18.90 0.40 2.16% |
| Symbol | Yokohama |
Yokohama Rubber '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 Yokohama Rubber'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 Yokohama Rubber.
| 10/30/2023 |
| 11/23/2024 |
If you would invest 0.00 in Yokohama Rubber on October 30, 2023 and sell it all today you would earn a total of 0.00 from holding The Yokohama Rubber or generate 0.0% return on investment in Yokohama Rubber over 390 days. Yokohama Rubber is related to or competes with AOYAMA TRADING, SLR Investment, NAKED WINES, PennyMac Mortgage, Gruppo Mutuionline, Gladstone Investment, and PennantPark Investment. More
Yokohama Rubber 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 Yokohama Rubber'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 The Yokohama Rubber upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 8.82 | |||
| Value At Risk | (2.14) | |||
| Potential Upside | 2.56 |
Yokohama Rubber Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Yokohama Rubber's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Yokohama Rubber's standard deviation. In reality, there are many statistical measures that can use Yokohama Rubber historical prices to predict the future Yokohama Rubber's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.33) | |||
| Treynor Ratio | (1.93) |
Yokohama Rubber Backtested Returns
Yokohama Rubber shows Sharpe Ratio of -0.0279, which attests that the company had a -0.0279% return per unit of risk over the last 3 months. Yokohama Rubber exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Yokohama Rubber's Market Risk Adjusted Performance of (1.92), standard deviation of 1.58, and Mean Deviation of 1.21 to validate the risk estimate we provide. The firm maintains a market beta of 0.0431, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Yokohama Rubber's returns are expected to increase less than the market. However, during the bear market, the loss of holding Yokohama Rubber is expected to be smaller as well. At this point, Yokohama Rubber has a negative expected return of -0.0437%. Please make sure to check out Yokohama Rubber's information ratio, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if Yokohama Rubber performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.72 |
Almost perfect reverse predictability
The Yokohama Rubber has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Yokohama Rubber time series from 30th of October 2023 to 12th of May 2024 and 12th of May 2024 to 23rd 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 Yokohama Rubber price movement. The serial correlation of -0.72 indicates that around 72.0% of current Yokohama Rubber price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.72 | |
| Spearman Rank Test | -0.57 | |
| Residual Average | 0.0 | |
| Price Variance | 2.34 |
Yokohama Rubber lagged returns against current returns
Autocorrelation, which is Yokohama Rubber 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 Yokohama Rubber's stock expected returns. We can calculate the autocorrelation of Yokohama Rubber returns to help us make a trade decision. For example, suppose you find that Yokohama Rubber 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 |
Yokohama Rubber 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 Yokohama Rubber stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Yokohama Rubber stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Yokohama Rubber stock over time.
Current vs Lagged Prices |
| Timeline |
Yokohama Rubber Lagged Returns
When evaluating Yokohama Rubber's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Yokohama Rubber stock have on its future price. Yokohama Rubber 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, Yokohama Rubber autocorrelation shows the relationship between Yokohama Rubber stock current value and its past values and can show if there is a momentum factor associated with investing in The Yokohama Rubber.
Regressed Prices |
| Timeline |
Also Currently Popular
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.Other Information on Investing in Yokohama Stock
Yokohama Rubber financial ratios help investors to determine whether Yokohama Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Yokohama with respect to the benefits of owning Yokohama Rubber security.