Yeong Guan (Taiwan) Market Value

1589 Stock  TWD 52.90  0.40  0.76%   
Yeong Guan's market value is the price at which a share of Yeong Guan trades on a public exchange. It measures the collective expectations of Yeong Guan Energy investors about its performance. Yeong Guan is selling for under 52.90 as of the 28th of March 2024; that is 0.76% increase since the beginning of the trading day. The stock's lowest day price was 52.2.
With this module, you can estimate the performance of a buy and hold strategy of Yeong Guan Energy and determine expected loss or profit from investing in Yeong Guan over a given investment horizon. Check out Yeong Guan Correlation, Yeong Guan Volatility and Yeong Guan Alpha and Beta module to complement your research on Yeong Guan.
Symbol

Please note, there is a significant difference between Yeong Guan's value and its price as these two are different measures arrived at by different means. Investors typically determine if Yeong Guan is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Yeong Guan's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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.
0.00
02/27/2024
No Change 0.00  0.0 
In 31 days
03/28/2024
0.00
If you would invest  0.00  in Yeong Guan on February 27, 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 YuantaP Shares, YuantaP Shares, YuantaP Shares, and Fubon MSCI. 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.

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.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Yeong Guan's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
50.0152.9055.79
Details
Intrinsic
Valuation
LowRealHigh
43.2546.1458.19
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Yeong Guan. Your research has to be compared to or analyzed against Yeong Guan's peers to derive any actionable benefits. When done correctly, Yeong Guan's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Yeong Guan Energy.

Yeong Guan Energy Backtested Returns

We consider Yeong Guan very steady. Yeong Guan Energy shows Sharpe Ratio of 0.0011, which attests that the company had a 0.0011% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Yeong Guan Energy, which you can use to evaluate the volatility of the company. Please check out Yeong Guan's Mean Deviation of 1.74, downside deviation of 2.87, and Market Risk Adjusted Performance of 1.24 to validate if the risk estimate we provide is consistent with the expected return of 0.0031%. The firm maintains a market beta of 0.0857, which attests to not very significant fluctuations relative to the market. 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. Yeong Guan Energy right now maintains a risk of 2.89%. Please check out Yeong Guan Energy downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Yeong Guan Energy will be following its historical returns.

Auto-correlation

    
  -0.57  

Good reverse predictability

Yeong Guan Energy has good reverse predictability. Overlapping area represents the amount of predictability between Yeong Guan time series from 27th of February 2024 to 13th of March 2024 and 13th of March 2024 to 28th of March 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 -0.57 indicates that roughly 57.0% of current Yeong Guan price fluctuation can be explain by its past prices.
Correlation Coefficient-0.57
Spearman Rank Test0.07
Residual Average0.0
Price Variance0.77

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  

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Explore Thematic Ideas
Explore Investing Ideas  
Check out Yeong Guan Correlation, Yeong Guan Volatility and Yeong Guan Alpha and Beta module to complement your research on Yeong Guan.
You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.

Complementary 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.
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Yeong Guan 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.
A focus of Yeong Guan technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Yeong Guan trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...