Yang Ming (Taiwan) Market Value
| 2609 Stock | TWD 73.20 0.70 0.97% |
| Symbol | Yang |
Yang Ming '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 Yang Ming'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 Yang Ming.
| 12/07/2023 |
| 12/01/2024 |
If you would invest 0.00 in Yang Ming on December 7, 2023 and sell it all today you would earn a total of 0.00 from holding Yang Ming Marine or generate 0.0% return on investment in Yang Ming over 360 days. Yang Ming is related to or competes with Evergreen Marine, Wan Hai, China Airlines, Eva Airways, and China Steel. Yang Ming Marine Transport Corporation, together with its subsidiaries, provides shipping, repair, and chartering servic... More
Yang Ming 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 Yang Ming'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 Yang Ming Marine upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.04 | |||
| Information Ratio | 0.0529 | |||
| Maximum Drawdown | 13.88 | |||
| Value At Risk | (3.41) | |||
| Potential Upside | 3.82 |
Yang Ming Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Yang Ming's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Yang Ming's standard deviation. In reality, there are many statistical measures that can use Yang Ming historical prices to predict the future Yang Ming's volatility.| Risk Adjusted Performance | 0.0902 | |||
| Jensen Alpha | 0.321 | |||
| Total Risk Alpha | (0.15) | |||
| Sortino Ratio | 0.0426 | |||
| Treynor Ratio | (0.52) |
Yang Ming Marine Backtested Returns
Yang Ming appears to be very steady, given 3 months investment horizon. Yang Ming Marine 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. We have found twenty-eight technical indicators for Yang Ming Marine, which you can use to evaluate the volatility of the company. Please utilize Yang Ming's Mean Deviation of 1.73, downside deviation of 3.04, and Market Risk Adjusted Performance of (0.51) to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Yang Ming holds a performance score of 9. The firm maintains a market beta of -0.5, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Yang Ming are expected to decrease at a much lower rate. During the bear market, Yang Ming is likely to outperform the market. Please check Yang Ming's information ratio, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Yang Ming's historical returns will revert.
Auto-correlation | 0.27 |
Poor predictability
Yang Ming Marine has poor predictability. Overlapping area represents the amount of predictability between Yang Ming time series from 7th of December 2023 to 4th of June 2024 and 4th of June 2024 to 1st 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 Yang Ming Marine price movement. The serial correlation of 0.27 indicates that nearly 27.0% of current Yang Ming price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.27 | |
| Spearman Rank Test | -0.44 | |
| Residual Average | 0.0 | |
| Price Variance | 29.59 |
Yang Ming Marine lagged returns against current returns
Autocorrelation, which is Yang Ming 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 Yang Ming's stock expected returns. We can calculate the autocorrelation of Yang Ming returns to help us make a trade decision. For example, suppose you find that Yang Ming 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 |
Yang Ming 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 Yang Ming stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Yang Ming stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Yang Ming stock over time.
Current vs Lagged Prices |
| Timeline |
Yang Ming Lagged Returns
When evaluating Yang Ming's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Yang Ming stock have on its future price. Yang Ming 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, Yang Ming autocorrelation shows the relationship between Yang Ming stock current value and its past values and can show if there is a momentum factor associated with investing in Yang Ming Marine.
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 Yang Stock Analysis
When running Yang Ming's price analysis, check to measure Yang Ming'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 Yang Ming is operating at the current time. Most of Yang Ming's value examination focuses on studying past and present price action to predict the probability of Yang Ming's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Yang Ming's price. Additionally, you may evaluate how the addition of Yang Ming to your portfolios can decrease your overall portfolio volatility.