Young Poong (Korea) Market Value
| 036560 Stock | 12,390 40.00 0.32% |
| Symbol | Young |
Young Poong '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 Young Poong'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 Young Poong.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Young Poong on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Young Poong Precision or generate 0.0% return on investment in Young Poong over 90 days. Young Poong is related to or competes with Shinhan Financial, Samsung Life, Jb Financial, INFINITT Healthcare, InnoTherapy, LG Household, and Infinitt Healthcare. Young Poong Precision Corporationration develops, manufactures, and sells chemical process pumps primarily in South Korea. More
Young Poong 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 Young Poong'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 Young Poong Precision upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 25.32 | |||
| Value At Risk | (4.62) | |||
| Potential Upside | 3.91 |
Young Poong Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Young Poong's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Young Poong's standard deviation. In reality, there are many statistical measures that can use Young Poong historical prices to predict the future Young Poong's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.26) | |||
| Total Risk Alpha | 0.1998 | |||
| Treynor Ratio | 1.04 |
Young Poong Precision Backtested Returns
Young Poong Precision shows Sharpe Ratio of -0.0231, which attests that the company had a -0.0231 % return per unit of risk over the last 3 months. Young Poong Precision exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Young Poong's Mean Deviation of 2.01, standard deviation of 3.47, and Market Risk Adjusted Performance of 1.05 to validate the risk estimate we provide. The firm maintains a market beta of -0.23, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Young Poong are expected to decrease at a much lower rate. During the bear market, Young Poong is likely to outperform the market. At this point, Young Poong Precision has a negative expected return of -0.071%. Please make sure to check out Young Poong's maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to decide if Young Poong Precision performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.51 |
Good reverse predictability
Young Poong Precision has good reverse predictability. Overlapping area represents the amount of predictability between Young Poong time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th 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 Young Poong Precision price movement. The serial correlation of -0.51 indicates that about 51.0% of current Young Poong price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.51 | |
| Spearman Rank Test | 0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 409 K |
Young Poong Precision lagged returns against current returns
Autocorrelation, which is Young Poong 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 Young Poong's stock expected returns. We can calculate the autocorrelation of Young Poong returns to help us make a trade decision. For example, suppose you find that Young Poong 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 |
Young Poong 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 Young Poong stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Young Poong stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Young Poong stock over time.
Current vs Lagged Prices |
| Timeline |
Young Poong Lagged Returns
When evaluating Young Poong's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Young Poong stock have on its future price. Young Poong 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, Young Poong autocorrelation shows the relationship between Young Poong stock current value and its past values and can show if there is a momentum factor associated with investing in Young Poong Precision.
Regressed Prices |
| Timeline |
Pair Trading with Young Poong
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 Young Poong 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 Young Poong will appreciate offsetting losses from the drop in the long position's value.Moving against Young Stock
| 0.74 | 277810 | Rainbow Robotics | PairCorr |
| 0.73 | 058470 | LEENO Industrial Earnings Call Tomorrow | PairCorr |
| 0.69 | 059270 | Haisung TPC | PairCorr |
| 0.68 | 317830 | SP Systems CoLtd | PairCorr |
| 0.65 | 282880 | COWINTECH Split | PairCorr |
The ability to find closely correlated positions to Young Poong could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Young Poong 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 Young Poong - 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 Young Poong Precision to buy it.
The correlation of Young Poong 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 Young Poong moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Young Poong Precision 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 Young Poong 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 Young Stock
Young Poong financial ratios help investors to determine whether Young 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 Young with respect to the benefits of owning Young Poong security.