YCC Parts (Taiwan) Market Value
| 1339 Stock | TWD 53.90 0.20 0.37% |
| Symbol | YCC |
YCC Parts '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 YCC Parts' 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 YCC Parts.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in YCC Parts on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding YCC Parts MFG or generate 0.0% return on investment in YCC Parts over 30 days. YCC Parts is related to or competes with Gordon Auto, Asia Plastic, De Licacy, Tex Ray, and Tainan Enterprises. ,Ltd. manufactures and sells auto plastic parts in Taiwan, North America, South America, Europe, and Asia More
YCC Parts 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 YCC Parts' 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 YCC Parts MFG upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 6.0 | |||
| Value At Risk | (2.22) | |||
| Potential Upside | 2.22 |
YCC Parts Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for YCC Parts' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as YCC Parts' standard deviation. In reality, there are many statistical measures that can use YCC Parts historical prices to predict the future YCC Parts' volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.31) | |||
| Treynor Ratio | (0.94) |
YCC Parts MFG Backtested Returns
YCC Parts MFG retains Efficiency (Sharpe Ratio) of -0.079, which attests that the company had a -0.079% return per unit of volatility over the last 3 months. YCC Parts exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out YCC Parts' Information Ratio of (0.19), market risk adjusted performance of (0.93), and Mean Deviation of 0.9743 to validate the risk estimate we provide. The firm owns a Beta (Systematic Risk) of 0.14, which attests to not very significant fluctuations relative to the market. As returns on the market increase, YCC Parts' returns are expected to increase less than the market. However, during the bear market, the loss of holding YCC Parts is expected to be smaller as well. At this point, YCC Parts MFG has a negative expected return of -0.093%. Please make sure to check out YCC Parts' standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if YCC Parts MFG performance from the past will be repeated in the future.
Auto-correlation | 0.31 |
Below average predictability
YCC Parts MFG has below average predictability. Overlapping area represents the amount of predictability between YCC Parts time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th 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 YCC Parts MFG price movement. The serial correlation of 0.31 indicates that nearly 31.0% of current YCC Parts price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.31 | |
| Spearman Rank Test | -0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.35 |
YCC Parts MFG lagged returns against current returns
Autocorrelation, which is YCC Parts 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 YCC Parts' stock expected returns. We can calculate the autocorrelation of YCC Parts returns to help us make a trade decision. For example, suppose you find that YCC Parts 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 |
YCC Parts 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 YCC Parts stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if YCC Parts stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in YCC Parts stock over time.
Current vs Lagged Prices |
| Timeline |
YCC Parts Lagged Returns
When evaluating YCC Parts' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of YCC Parts stock have on its future price. YCC Parts 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, YCC Parts autocorrelation shows the relationship between YCC Parts stock current value and its past values and can show if there is a momentum factor associated with investing in YCC Parts MFG.
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 YCC Stock Analysis
When running YCC Parts' price analysis, check to measure YCC Parts' 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 YCC Parts is operating at the current time. Most of YCC Parts' value examination focuses on studying past and present price action to predict the probability of YCC Parts' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move YCC Parts' price. Additionally, you may evaluate how the addition of YCC Parts to your portfolios can decrease your overall portfolio volatility.