Youngy Health (China) Market Value

300247 Stock   4.10  0.03  0.74%   
Youngy Health's market value is the price at which a share of Youngy Health trades on a public exchange. It measures the collective expectations of Youngy Health Co investors about its performance. Youngy Health is trading at 4.10 as of the 22nd of December 2024, a 0.74 percent increase since the beginning of the trading day. The stock's open price was 4.07.
With this module, you can estimate the performance of a buy and hold strategy of Youngy Health Co and determine expected loss or profit from investing in Youngy Health over a given investment horizon. Check out Youngy Health Correlation, Youngy Health Volatility and Youngy Health Alpha and Beta module to complement your research on Youngy Health.
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Please note, there is a significant difference between Youngy Health's value and its price as these two are different measures arrived at by different means. Investors typically determine if Youngy Health is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Youngy Health's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Youngy Health '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 Youngy Health'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 Youngy Health.
0.00
10/23/2024
No Change 0.00  0.0 
In 2 months and 2 days
12/22/2024
0.00
If you would invest  0.00  in Youngy Health on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Youngy Health Co or generate 0.0% return on investment in Youngy Health over 60 days. Youngy Health is related to or competes with Ming Yang, Loctek Ergonomic, Yes Optoelectronics, Hunan Nanling, Guangdong Tianhe, Shandong Ruifeng, and Jiangsu Seagull. Youngy Health is entity of China. It is traded as Stock on SHE exchange. More

Youngy Health 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 Youngy Health'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 Youngy Health Co upside and downside potential and time the market with a certain degree of confidence.

Youngy Health Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Youngy Health's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Youngy Health's standard deviation. In reality, there are many statistical measures that can use Youngy Health historical prices to predict the future Youngy Health's volatility.
Hype
Prediction
LowEstimatedHigh
0.214.229.13
Details
Intrinsic
Valuation
LowRealHigh
0.173.458.36
Details
Naive
Forecast
LowNextHigh
0.083.918.82
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
3.964.284.61
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Youngy Health. Your research has to be compared to or analyzed against Youngy Health's peers to derive any actionable benefits. When done correctly, Youngy Health's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Youngy Health.

Youngy Health Backtested Returns

Youngy Health appears to be risky, given 3 months investment horizon. Youngy Health shows Sharpe Ratio of 0.2, which attests that the company had a 0.2% return per unit of risk over the last 3 months. By examining Youngy Health's technical indicators, you can evaluate if the expected return of 0.97% is justified by implied risk. Please utilize Youngy Health's Mean Deviation of 3.4, market risk adjusted performance of 3.59, and Downside Deviation of 4.99 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Youngy Health holds a performance score of 15. The firm maintains a market beta of 0.25, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Youngy Health's returns are expected to increase less than the market. However, during the bear market, the loss of holding Youngy Health is expected to be smaller as well. Please check Youngy Health's standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether Youngy Health's historical returns will revert.

Auto-correlation

    
  0.78  

Good predictability

Youngy Health Co has good predictability. Overlapping area represents the amount of predictability between Youngy Health time series from 23rd of October 2024 to 22nd of November 2024 and 22nd of November 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 Youngy Health price movement. The serial correlation of 0.78 indicates that around 78.0% of current Youngy Health price fluctuation can be explain by its past prices.
Correlation Coefficient0.78
Spearman Rank Test0.27
Residual Average0.0
Price Variance0.04

Youngy Health lagged returns against current returns

Autocorrelation, which is Youngy Health 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 Youngy Health's stock expected returns. We can calculate the autocorrelation of Youngy Health returns to help us make a trade decision. For example, suppose you find that Youngy Health 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  

Youngy Health 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 Youngy Health stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Youngy Health stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Youngy Health stock over time.
   Current vs Lagged Prices   
       Timeline  

Youngy Health Lagged Returns

When evaluating Youngy Health's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Youngy Health stock have on its future price. Youngy Health 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, Youngy Health autocorrelation shows the relationship between Youngy Health stock current value and its past values and can show if there is a momentum factor associated with investing in Youngy Health Co.
   Regressed Prices   
       Timeline  

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Other Information on Investing in Youngy Stock

Youngy Health financial ratios help investors to determine whether Youngy 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 Youngy with respect to the benefits of owning Youngy Health security.