Yonyu Plastics (Taiwan) Market Value
| 1323 Stock | TWD 24.55 0.30 1.21% |
| Symbol | Yonyu |
Yonyu Plastics '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 Yonyu Plastics' 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 Yonyu Plastics.
| 12/30/2022 |
| 12/19/2024 |
If you would invest 0.00 in Yonyu Plastics on December 30, 2022 and sell it all today you would earn a total of 0.00 from holding Yonyu Plastics Co or generate 0.0% return on investment in Yonyu Plastics over 720 days. Yonyu Plastics is related to or competes with Tainan Spinning, Lealea Enterprise, China Petrochemical, Ruentex Development, WiseChip Semiconductor, Novatek Microelectronics, and Leader Electronics. Yonyu Plastics Co., Ltd. manufactures and sells plastic packaging products worldwide More
Yonyu Plastics 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 Yonyu Plastics' 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 Yonyu Plastics Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 8.93 | |||
| Value At Risk | (1.73) | |||
| Potential Upside | 1.04 |
Yonyu Plastics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Yonyu Plastics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Yonyu Plastics' standard deviation. In reality, there are many statistical measures that can use Yonyu Plastics historical prices to predict the future Yonyu Plastics' volatility.| Risk Adjusted Performance | (0.1) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.21) | |||
| Treynor Ratio | (2.12) |
Yonyu Plastics Backtested Returns
Yonyu Plastics shows Sharpe Ratio of -0.13, which attests that the company had a -0.13% return per unit of risk over the last 3 months. Yonyu Plastics exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Yonyu Plastics' Market Risk Adjusted Performance of (2.11), mean deviation of 0.7201, and Standard Deviation of 1.29 to validate the risk estimate we provide. The firm maintains a market beta of 0.0805, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Yonyu Plastics' returns are expected to increase less than the market. However, during the bear market, the loss of holding Yonyu Plastics is expected to be smaller as well. At this point, Yonyu Plastics has a negative expected return of -0.16%. Please make sure to check out Yonyu Plastics' coefficient of variation, information ratio, total risk alpha, as well as the relationship between the standard deviation and jensen alpha , to decide if Yonyu Plastics performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.77 |
Good predictability
Yonyu Plastics Co has good predictability. Overlapping area represents the amount of predictability between Yonyu Plastics time series from 30th of December 2022 to 25th of December 2023 and 25th of December 2023 to 19th 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 Yonyu Plastics price movement. The serial correlation of 0.77 indicates that around 77.0% of current Yonyu Plastics price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.77 | |
| Spearman Rank Test | 0.86 | |
| Residual Average | 0.0 | |
| Price Variance | 5.25 |
Yonyu Plastics lagged returns against current returns
Autocorrelation, which is Yonyu Plastics 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 Yonyu Plastics' stock expected returns. We can calculate the autocorrelation of Yonyu Plastics returns to help us make a trade decision. For example, suppose you find that Yonyu Plastics 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 |
Yonyu Plastics 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 Yonyu Plastics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Yonyu Plastics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Yonyu Plastics stock over time.
Current vs Lagged Prices |
| Timeline |
Yonyu Plastics Lagged Returns
When evaluating Yonyu Plastics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Yonyu Plastics stock have on its future price. Yonyu Plastics 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, Yonyu Plastics autocorrelation shows the relationship between Yonyu Plastics stock current value and its past values and can show if there is a momentum factor associated with investing in Yonyu Plastics Co.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Yonyu Stock Analysis
When running Yonyu Plastics' price analysis, check to measure Yonyu Plastics' 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 Yonyu Plastics is operating at the current time. Most of Yonyu Plastics' value examination focuses on studying past and present price action to predict the probability of Yonyu Plastics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Yonyu Plastics' price. Additionally, you may evaluate how the addition of Yonyu Plastics to your portfolios can decrease your overall portfolio volatility.