Youngbo Chemical (Korea) Market Value
| 014440 Stock | 4,595 95.00 2.03% |
| Symbol | Youngbo |
Youngbo Chemical '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 Youngbo Chemical'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 Youngbo Chemical.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Youngbo Chemical on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Youngbo Chemical Co or generate 0.0% return on investment in Youngbo Chemical over 90 days. Youngbo Chemical is related to or competes with Wave Electronics, INFINITT Healthcare, LG Household, Seoul Electronics, Anam Electronics, and Korea Electronic. More
Youngbo Chemical 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 Youngbo Chemical'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 Youngbo Chemical Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.52 | |||
| Information Ratio | 0.3149 | |||
| Maximum Drawdown | 9.71 | |||
| Value At Risk | (2.47) | |||
| Potential Upside | 3.94 |
Youngbo Chemical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Youngbo Chemical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Youngbo Chemical's standard deviation. In reality, there are many statistical measures that can use Youngbo Chemical historical prices to predict the future Youngbo Chemical's volatility.| Risk Adjusted Performance | 0.2321 | |||
| Jensen Alpha | 0.5026 | |||
| Total Risk Alpha | 0.6932 | |||
| Sortino Ratio | 0.3767 | |||
| Treynor Ratio | 1.35 |
Youngbo Chemical Backtested Returns
Youngbo Chemical appears to be very steady, given 3 months investment horizon. Youngbo Chemical shows Sharpe Ratio of 0.23, which attests that the company had a 0.23 % return per unit of risk over the last 3 months. We have found thirty technical indicators for Youngbo Chemical, which you can use to evaluate the volatility of the company. Please utilize Youngbo Chemical's Downside Deviation of 1.52, market risk adjusted performance of 1.36, and Mean Deviation of 1.32 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Youngbo Chemical holds a performance score of 18. The firm maintains a market beta of 0.35, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Youngbo Chemical's returns are expected to increase less than the market. However, during the bear market, the loss of holding Youngbo Chemical is expected to be smaller as well. Please check Youngbo Chemical's total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether Youngbo Chemical's historical returns will revert.
Auto-correlation | 0.65 |
Good predictability
Youngbo Chemical Co has good predictability. Overlapping area represents the amount of predictability between Youngbo Chemical time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Youngbo Chemical price movement. The serial correlation of 0.65 indicates that roughly 65.0% of current Youngbo Chemical price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.65 | |
| Spearman Rank Test | 0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 41.1 K |
Youngbo Chemical lagged returns against current returns
Autocorrelation, which is Youngbo Chemical 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 Youngbo Chemical's stock expected returns. We can calculate the autocorrelation of Youngbo Chemical returns to help us make a trade decision. For example, suppose you find that Youngbo Chemical 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 |
Youngbo Chemical 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 Youngbo Chemical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Youngbo Chemical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Youngbo Chemical stock over time.
Current vs Lagged Prices |
| Timeline |
Youngbo Chemical Lagged Returns
When evaluating Youngbo Chemical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Youngbo Chemical stock have on its future price. Youngbo Chemical 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, Youngbo Chemical autocorrelation shows the relationship between Youngbo Chemical stock current value and its past values and can show if there is a momentum factor associated with investing in Youngbo Chemical Co.
Regressed Prices |
| Timeline |
Pair Trading with Youngbo Chemical
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 Youngbo Chemical 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 Youngbo Chemical will appreciate offsetting losses from the drop in the long position's value.Moving together with Youngbo Stock
Moving against Youngbo Stock
The ability to find closely correlated positions to Youngbo Chemical could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Youngbo Chemical 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 Youngbo Chemical - 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 Youngbo Chemical Co to buy it.
The correlation of Youngbo Chemical 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 Youngbo Chemical moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Youngbo 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 Youngbo Chemical 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.Other Information on Investing in Youngbo Stock
Youngbo Chemical financial ratios help investors to determine whether Youngbo 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 Youngbo with respect to the benefits of owning Youngbo Chemical security.