Yulon Nissan (Taiwan) Market Value
| 2227 Stock | TWD 75.90 2.40 3.07% |
| Symbol | Yulon |
Yulon Nissan '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 Yulon Nissan'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 Yulon Nissan.
| 01/01/2023 |
| 12/21/2024 |
If you would invest 0.00 in Yulon Nissan on January 1, 2023 and sell it all today you would earn a total of 0.00 from holding Yulon Nissan Motor or generate 0.0% return on investment in Yulon Nissan over 720 days. Yulon Nissan is related to or competes with Merida Industry, Cheng Shin, Uni President, and Pou Chen. Yulon Nissan Motor Co., Ltd. engages in the research, design, development, and sale of vehicles in Taiwan and internatio... More
Yulon Nissan 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 Yulon Nissan'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 Yulon Nissan Motor upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.29) | |||
| Maximum Drawdown | 10.43 | |||
| Value At Risk | (3.67) | |||
| Potential Upside | 3.48 |
Yulon Nissan Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Yulon Nissan's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Yulon Nissan's standard deviation. In reality, there are many statistical measures that can use Yulon Nissan historical prices to predict the future Yulon Nissan's volatility.| Risk Adjusted Performance | (0.21) | |||
| Jensen Alpha | (0.61) | |||
| Total Risk Alpha | (0.68) | |||
| Treynor Ratio | 1.95 |
Yulon Nissan Motor Backtested Returns
Yulon Nissan Motor shows Sharpe Ratio of -0.28, which attests that the company had a -0.28% return per unit of risk over the last 3 months. Yulon Nissan Motor exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Yulon Nissan's Mean Deviation of 1.72, standard deviation of 2.2, and Market Risk Adjusted Performance of 1.96 to validate the risk estimate we provide. The firm maintains a market beta of -0.32, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Yulon Nissan are expected to decrease at a much lower rate. During the bear market, Yulon Nissan is likely to outperform the market. At this point, Yulon Nissan Motor has a negative expected return of -0.62%. Please make sure to check out Yulon Nissan's coefficient of variation, jensen alpha, treynor ratio, as well as the relationship between the standard deviation and total risk alpha , to decide if Yulon Nissan Motor performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.65 |
Good predictability
Yulon Nissan Motor has good predictability. Overlapping area represents the amount of predictability between Yulon Nissan time series from 1st of January 2023 to 27th of December 2023 and 27th of December 2023 to 21st 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 Yulon Nissan Motor price movement. The serial correlation of 0.65 indicates that roughly 65.0% of current Yulon Nissan price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.65 | |
| Spearman Rank Test | 0.66 | |
| Residual Average | 0.0 | |
| Price Variance | 655.07 |
Yulon Nissan Motor lagged returns against current returns
Autocorrelation, which is Yulon Nissan 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 Yulon Nissan's stock expected returns. We can calculate the autocorrelation of Yulon Nissan returns to help us make a trade decision. For example, suppose you find that Yulon Nissan 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 |
Yulon Nissan 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 Yulon Nissan stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Yulon Nissan stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Yulon Nissan stock over time.
Current vs Lagged Prices |
| Timeline |
Yulon Nissan Lagged Returns
When evaluating Yulon Nissan's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Yulon Nissan stock have on its future price. Yulon Nissan 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, Yulon Nissan autocorrelation shows the relationship between Yulon Nissan stock current value and its past values and can show if there is a momentum factor associated with investing in Yulon Nissan Motor.
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 Yulon Stock Analysis
When running Yulon Nissan's price analysis, check to measure Yulon Nissan'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 Yulon Nissan is operating at the current time. Most of Yulon Nissan's value examination focuses on studying past and present price action to predict the probability of Yulon Nissan's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Yulon Nissan's price. Additionally, you may evaluate how the addition of Yulon Nissan to your portfolios can decrease your overall portfolio volatility.