Yes Optoelectronics (China) Market Value
| 002952 Stock | 25.77 1.45 5.33% |
| Symbol | Yes |
Yes Optoelectronics '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 Yes Optoelectronics' 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 Yes Optoelectronics.
| 06/25/2024 |
| 12/22/2024 |
If you would invest 0.00 in Yes Optoelectronics on June 25, 2024 and sell it all today you would earn a total of 0.00 from holding Yes Optoelectronics Co or generate 0.0% return on investment in Yes Optoelectronics over 180 days. Yes Optoelectronics is related to or competes with Industrial, Kweichow Moutai, Agricultural Bank, China Mobile, China Construction, PetroChina, and Bank of China. Yes Optoelectronics is entity of China. It is traded as Stock on SHE exchange. More
Yes Optoelectronics 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 Yes Optoelectronics' 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 Yes Optoelectronics Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.4 | |||
| Information Ratio | 0.0838 | |||
| Maximum Drawdown | 19.99 | |||
| Value At Risk | (6.85) | |||
| Potential Upside | 9.98 |
Yes Optoelectronics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Yes Optoelectronics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Yes Optoelectronics' standard deviation. In reality, there are many statistical measures that can use Yes Optoelectronics historical prices to predict the future Yes Optoelectronics' volatility.| Risk Adjusted Performance | 0.0803 | |||
| Jensen Alpha | 0.3865 | |||
| Total Risk Alpha | 0.2719 | |||
| Sortino Ratio | 0.0852 | |||
| Treynor Ratio | 0.8201 |
Yes Optoelectronics Backtested Returns
Yes Optoelectronics appears to be not too volatile, given 3 months investment horizon. Yes Optoelectronics shows Sharpe Ratio of 0.12, which attests that the company had a 0.12% return per unit of risk over the last 3 months. By examining Yes Optoelectronics' technical indicators, you can evaluate if the expected return of 0.5% is justified by implied risk. Please utilize Yes Optoelectronics' Market Risk Adjusted Performance of 0.8301, mean deviation of 3.51, and Downside Deviation of 4.4 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Yes Optoelectronics holds a performance score of 9. The firm maintains a market beta of 0.48, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Yes Optoelectronics' returns are expected to increase less than the market. However, during the bear market, the loss of holding Yes Optoelectronics is expected to be smaller as well. Please check Yes Optoelectronics' jensen alpha, sortino ratio, and the relationship between the standard deviation and total risk alpha , to make a quick decision on whether Yes Optoelectronics' historical returns will revert.
Auto-correlation | -0.15 |
Insignificant reverse predictability
Yes Optoelectronics Co has insignificant reverse predictability. Overlapping area represents the amount of predictability between Yes Optoelectronics time series from 25th of June 2024 to 23rd of September 2024 and 23rd of September 2024 to 22nd 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 Yes Optoelectronics price movement. The serial correlation of -0.15 indicates that less than 15.0% of current Yes Optoelectronics price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.15 | |
| Spearman Rank Test | 0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 4.23 |
Yes Optoelectronics lagged returns against current returns
Autocorrelation, which is Yes Optoelectronics 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 Yes Optoelectronics' stock expected returns. We can calculate the autocorrelation of Yes Optoelectronics returns to help us make a trade decision. For example, suppose you find that Yes Optoelectronics 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 |
Yes Optoelectronics 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 Yes Optoelectronics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Yes Optoelectronics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Yes Optoelectronics stock over time.
Current vs Lagged Prices |
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Yes Optoelectronics Lagged Returns
When evaluating Yes Optoelectronics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Yes Optoelectronics stock have on its future price. Yes Optoelectronics 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, Yes Optoelectronics autocorrelation shows the relationship between Yes Optoelectronics stock current value and its past values and can show if there is a momentum factor associated with investing in Yes Optoelectronics Co.
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 Yes Stock
Yes Optoelectronics financial ratios help investors to determine whether Yes 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 Yes with respect to the benefits of owning Yes Optoelectronics security.