Yy Inc Class Stock Market Value
| YY Stock | USD 38.85 0.15 0.39% |
| Symbol | YY |
YY Inc Class Price To Book Ratio
Is Interactive Media & Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of YY. If investors know YY will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about YY listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.60) | Earnings Share 3.24 | Revenue Per Share 36.953 | Quarterly Revenue Growth 0.033 | Return On Assets 0.0021 |
The market value of YY Inc Class is measured differently than its book value, which is the value of YY that is recorded on the company's balance sheet. Investors also form their own opinion of YY's value that differs from its market value or its book value, called intrinsic value, which is YY's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because YY's market value can be influenced by many factors that don't directly affect YY's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between YY's value and its price as these two are different measures arrived at by different means. Investors typically determine if YY is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, YY'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.
YY '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 YY'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 YY.
| 09/01/2024 |
| 11/30/2024 |
If you would invest 0.00 in YY on September 1, 2024 and sell it all today you would earn a total of 0.00 from holding YY Inc Class or generate 0.0% return on investment in YY over 90 days. YY is related to or competes with Weibo Corp, DouYu International, Tencent Music, Autohome, Hello, Baidu, and Yelp. JOYY Inc., together with its subsidiaries, operates social media platforms that offer users engaging and experience acro... More
YY 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 YY'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 YY Inc Class upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.1 | |||
| Information Ratio | 0.0273 | |||
| Maximum Drawdown | 12.11 | |||
| Value At Risk | (3.82) | |||
| Potential Upside | 3.78 |
YY Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for YY's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as YY's standard deviation. In reality, there are many statistical measures that can use YY historical prices to predict the future YY's volatility.| Risk Adjusted Performance | 0.0711 | |||
| Jensen Alpha | 0.1641 | |||
| Total Risk Alpha | (0.21) | |||
| Sortino Ratio | 0.0315 | |||
| Treynor Ratio | 0.8369 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of YY's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
YY Inc Class Backtested Returns
YY appears to be very steady, given 3 months investment horizon. YY Inc Class retains Efficiency (Sharpe Ratio) of 0.0915, which attests that the company had a 0.0915% return per unit of price deviation over the last 3 months. We have found twenty-nine technical indicators for YY, which you can use to evaluate the volatility of the company. Please utilize YY's market risk adjusted performance of 0.8469, and Standard Deviation of 2.42 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, YY holds a performance score of 7. The firm owns a Beta (Systematic Risk) of 0.23, which attests to not very significant fluctuations relative to the market. As returns on the market increase, YY's returns are expected to increase less than the market. However, during the bear market, the loss of holding YY is expected to be smaller as well. Please check YY's treynor ratio, expected short fall, and the relationship between the jensen alpha and potential upside , to make a quick decision on whether YY's current price history will revert.
Auto-correlation | -0.28 |
Weak reverse predictability
YY Inc Class has weak reverse predictability. Overlapping area represents the amount of predictability between YY time series from 1st of September 2024 to 16th of October 2024 and 16th of October 2024 to 30th of November 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 YY Inc Class price movement. The serial correlation of -0.28 indicates that nearly 28.0% of current YY price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.28 | |
| Spearman Rank Test | 0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 2.13 |
YY Inc Class lagged returns against current returns
Autocorrelation, which is YY 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 YY's stock expected returns. We can calculate the autocorrelation of YY returns to help us make a trade decision. For example, suppose you find that YY 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 |
YY 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 YY stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if YY stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in YY stock over time.
Current vs Lagged Prices |
| Timeline |
YY Lagged Returns
When evaluating YY's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of YY stock have on its future price. YY 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, YY autocorrelation shows the relationship between YY stock current value and its past values and can show if there is a momentum factor associated with investing in YY Inc Class.
Regressed Prices |
| Timeline |
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When running YY's price analysis, check to measure YY'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 YY is operating at the current time. Most of YY's value examination focuses on studying past and present price action to predict the probability of YY's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move YY's price. Additionally, you may evaluate how the addition of YY to your portfolios can decrease your overall portfolio volatility.