Wing Yip (Korea) Market Value
| 900340 Stock | 2,345 415.00 15.04% |
| Symbol | Wing |
Wing Yip '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 Wing Yip'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 Wing Yip.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Wing Yip on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Wing Yip Food or generate 0.0% return on investment in Wing Yip over 30 days. Wing Yip is related to or competes with Maeil Dairies, Dongwoo Farm, Busan Industrial, Finebesteel, Shinhan Inverse, and Hyundai Heavy. More
Wing Yip 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 Wing Yip'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 Wing Yip Food upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 7.14 | |||
| Information Ratio | 0.0313 | |||
| Maximum Drawdown | 47.93 | |||
| Value At Risk | (11.65) | |||
| Potential Upside | 14.23 |
Wing Yip Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wing Yip's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wing Yip's standard deviation. In reality, there are many statistical measures that can use Wing Yip historical prices to predict the future Wing Yip's volatility.| Risk Adjusted Performance | 0.0456 | |||
| Jensen Alpha | 0.3667 | |||
| Total Risk Alpha | (0.79) | |||
| Sortino Ratio | 0.0333 | |||
| Treynor Ratio | (3.11) |
Wing Yip Food Backtested Returns
Wing Yip appears to be very steady, given 3 months investment horizon. Wing Yip Food shows Sharpe Ratio of 0.0866, which attests that the company had a 0.0866% return per unit of risk over the last 3 months. By examining Wing Yip's technical indicators, you can evaluate if the expected return of 0.67% is justified by implied risk. Please utilize Wing Yip's Downside Deviation of 7.14, market risk adjusted performance of (3.10), and Mean Deviation of 5.05 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Wing Yip holds a performance score of 6. The firm maintains a market beta of -0.11, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Wing Yip are expected to decrease at a much lower rate. During the bear market, Wing Yip is likely to outperform the market. Please check Wing Yip's downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Wing Yip's historical returns will revert.
Auto-correlation | 0.17 |
Very weak predictability
Wing Yip Food has very weak predictability. Overlapping area represents the amount of predictability between Wing Yip time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th of November 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 Wing Yip Food price movement. The serial correlation of 0.17 indicates that over 17.0% of current Wing Yip price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.17 | |
| Spearman Rank Test | 0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 142.5 K |
Wing Yip Food lagged returns against current returns
Autocorrelation, which is Wing Yip 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 Wing Yip's stock expected returns. We can calculate the autocorrelation of Wing Yip returns to help us make a trade decision. For example, suppose you find that Wing Yip 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 |
Wing Yip 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 Wing Yip stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wing Yip stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Wing Yip stock over time.
Current vs Lagged Prices |
| Timeline |
Wing Yip Lagged Returns
When evaluating Wing Yip's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wing Yip stock have on its future price. Wing Yip 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, Wing Yip autocorrelation shows the relationship between Wing Yip stock current value and its past values and can show if there is a momentum factor associated with investing in Wing Yip Food.
Regressed Prices |
| Timeline |
Pair Trading with Wing Yip
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 Wing Yip 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 Wing Yip will appreciate offsetting losses from the drop in the long position's value.Moving against Wing Stock
| 0.64 | 050960 | SOOSAN INT | PairCorr |
| 0.62 | 106240 | Finetechnix CoLtd | PairCorr |
| 0.6 | 154030 | Asia Seed CoLtd | PairCorr |
| 0.58 | 293780 | AptaBio Therapeutics | PairCorr |
| 0.56 | 215480 | Daewoo SBI SPAC | PairCorr |
The ability to find closely correlated positions to Wing Yip could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Wing Yip 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 Wing Yip - 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 Wing Yip Food to buy it.
The correlation of Wing Yip 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 Wing Yip moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Wing Yip Food 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 Wing Yip 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.Additional Information and Resources on Investing in Wing Stock
When determining whether Wing Yip Food is a strong investment it is important to analyze Wing Yip's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Wing Yip's future performance. For an informed investment choice regarding Wing Stock, refer to the following important reports:Check out Wing Yip Correlation, Wing Yip Volatility and Wing Yip Alpha and Beta module to complement your research on Wing Yip. You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Wing Yip technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.