Yong Shun (Taiwan) Market Value
| 4711 Stock | TWD 16.05 0.05 0.31% |
| Symbol | Yong |
Yong Shun '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 Yong Shun'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 Yong Shun.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in Yong Shun on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding Yong Shun Chemical or generate 0.0% return on investment in Yong Shun over 30 days. Yong Shun is related to or competes with Tainan Spinning, Lealea Enterprise, China Petrochemical, Ruentex Development, WiseChip Semiconductor, Novatek Microelectronics, and Leader Electronics. Yong Shun Chemical Co., Ltd. manufactures and sells resins in Taiwan More
Yong Shun 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 Yong Shun'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 Yong Shun Chemical upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 14.98 | |||
| Value At Risk | (3.95) | |||
| Potential Upside | 2.7 |
Yong Shun Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Yong Shun's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Yong Shun's standard deviation. In reality, there are many statistical measures that can use Yong Shun historical prices to predict the future Yong Shun's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.54) | |||
| Treynor Ratio | 2.2 |
Yong Shun Chemical Backtested Returns
Yong Shun Chemical shows Sharpe Ratio of -0.0021, which attests that the company had a -0.0021% return per unit of risk over the last 3 months. Yong Shun Chemical exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Yong Shun's Mean Deviation of 1.59, market risk adjusted performance of 2.21, and Standard Deviation of 2.58 to validate the risk estimate we provide. The firm maintains a market beta of -0.0612, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Yong Shun are expected to decrease at a much lower rate. During the bear market, Yong Shun is likely to outperform the market. At this point, Yong Shun Chemical has a negative expected return of -0.0051%. Please make sure to check out Yong Shun's jensen alpha, treynor ratio, and the relationship between the information ratio and total risk alpha , to decide if Yong Shun Chemical performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.53 |
Good reverse predictability
Yong Shun Chemical has good reverse predictability. Overlapping area represents the amount of predictability between Yong Shun time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th 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 Yong Shun Chemical price movement. The serial correlation of -0.53 indicates that about 53.0% of current Yong Shun price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.53 | |
| Spearman Rank Test | 0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Yong Shun Chemical lagged returns against current returns
Autocorrelation, which is Yong Shun 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 Yong Shun's stock expected returns. We can calculate the autocorrelation of Yong Shun returns to help us make a trade decision. For example, suppose you find that Yong Shun 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 |
Yong Shun 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 Yong Shun stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Yong Shun stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Yong Shun stock over time.
Current vs Lagged Prices |
| Timeline |
Yong Shun Lagged Returns
When evaluating Yong Shun's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Yong Shun stock have on its future price. Yong Shun 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, Yong Shun autocorrelation shows the relationship between Yong Shun stock current value and its past values and can show if there is a momentum factor associated with investing in Yong Shun Chemical.
Regressed Prices |
| Timeline |
Pair Trading with Yong Shun
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Yong Shun position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Yong Shun will appreciate offsetting losses from the drop in the long position's value.Moving together with Yong Stock
The ability to find closely correlated positions to Yong Shun could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Yong Shun when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Yong Shun - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Yong Shun Chemical to buy it.
The correlation of Yong Shun is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Yong Shun moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Yong Shun Chemical moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Yong Shun can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Yong Stock Analysis
When running Yong Shun's price analysis, check to measure Yong Shun'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 Yong Shun is operating at the current time. Most of Yong Shun's value examination focuses on studying past and present price action to predict the probability of Yong Shun's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Yong Shun's price. Additionally, you may evaluate how the addition of Yong Shun to your portfolios can decrease your overall portfolio volatility.