Yeong Guan (Taiwan) Market Value
| 1589 Stock | TWD 37.95 0.75 1.94% |
| Symbol | Yeong |
Yeong Guan '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 Yeong Guan'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 Yeong Guan.
| 11/14/2024 |
| 12/14/2024 |
If you would invest 0.00 in Yeong Guan on November 14, 2024 and sell it all today you would earn a total of 0.00 from holding Yeong Guan Energy or generate 0.0% return on investment in Yeong Guan over 30 days. Yeong Guan is related to or competes with TECO Electric, Swancor Holding, Airtac International, Grape King, and Makalot Industrial. Yeong Guan Energy Technology Group Co., Ltd More
Yeong Guan 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 Yeong Guan'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 Yeong Guan Energy upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 7.23 | |||
| Value At Risk | (2.69) | |||
| Potential Upside | 3.06 |
Yeong Guan Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Yeong Guan's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Yeong Guan's standard deviation. In reality, there are many statistical measures that can use Yeong Guan historical prices to predict the future Yeong Guan's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.25) | |||
| Total Risk Alpha | (0.40) | |||
| Treynor Ratio | (0.45) |
Yeong Guan Energy Backtested Returns
Yeong Guan Energy shows Sharpe Ratio of -0.15, which attests that the company had a -0.15% return per unit of risk over the last 3 months. Yeong Guan Energy exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Yeong Guan's Mean Deviation of 1.16, standard deviation of 1.55, and Market Risk Adjusted Performance of (0.44) to validate the risk estimate we provide. The firm maintains a market beta of 0.45, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Yeong Guan's returns are expected to increase less than the market. However, during the bear market, the loss of holding Yeong Guan is expected to be smaller as well. At this point, Yeong Guan Energy has a negative expected return of -0.23%. Please make sure to check out Yeong Guan's jensen alpha, treynor ratio, and the relationship between the information ratio and total risk alpha , to decide if Yeong Guan Energy performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.58 |
Good reverse predictability
Yeong Guan Energy has good reverse predictability. Overlapping area represents the amount of predictability between Yeong Guan time series from 14th of November 2024 to 29th of November 2024 and 29th of November 2024 to 14th 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 Yeong Guan Energy price movement. The serial correlation of -0.58 indicates that roughly 58.0% of current Yeong Guan price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.58 | |
| Spearman Rank Test | -0.82 | |
| Residual Average | 0.0 | |
| Price Variance | 0.3 |
Yeong Guan Energy lagged returns against current returns
Autocorrelation, which is Yeong Guan 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 Yeong Guan's stock expected returns. We can calculate the autocorrelation of Yeong Guan returns to help us make a trade decision. For example, suppose you find that Yeong Guan 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 |
Yeong Guan 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 Yeong Guan stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Yeong Guan stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Yeong Guan stock over time.
Current vs Lagged Prices |
| Timeline |
Yeong Guan Lagged Returns
When evaluating Yeong Guan's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Yeong Guan stock have on its future price. Yeong Guan 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, Yeong Guan autocorrelation shows the relationship between Yeong Guan stock current value and its past values and can show if there is a momentum factor associated with investing in Yeong Guan Energy.
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 Yeong Stock Analysis
When running Yeong Guan's price analysis, check to measure Yeong Guan'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 Yeong Guan is operating at the current time. Most of Yeong Guan's value examination focuses on studying past and present price action to predict the probability of Yeong Guan's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Yeong Guan's price. Additionally, you may evaluate how the addition of Yeong Guan to your portfolios can decrease your overall portfolio volatility.