Yung Zip (Taiwan) Market Value
| 4102 Stock | TWD 38.80 1.35 3.60% |
| Symbol | Yung |
Yung Zip '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 Yung Zip'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 Yung Zip.
| 03/29/2024 |
| 04/28/2024 |
If you would invest 0.00 in Yung Zip on March 29, 2024 and sell it all today you would earn a total of 0.00 from holding Yung Zip Chemical or generate 0.0% return on investment in Yung Zip over 30 days. Yung Zip is related to or competes with Wellell, YungShin Global, Abnova Taiwan, Phytohealth Corp, and CHC Healthcare. Co., Ltd. manufactures and supplies active pharmaceutical ingredients in Taiwan More
Yung Zip 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 Yung Zip'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 Yung Zip Chemical upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 15.4 | |||
| Value At Risk | (2.64) | |||
| Potential Upside | 3.05 |
Yung Zip Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Yung Zip's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Yung Zip's standard deviation. In reality, there are many statistical measures that can use Yung Zip historical prices to predict the future Yung Zip's volatility.| Risk Adjusted Performance | 4.0E-4 | |||
| Jensen Alpha | 0.0015 | |||
| Total Risk Alpha | (0.29) | |||
| Treynor Ratio | 0.0756 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Yung Zip'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.
Yung Zip Chemical Backtested Returns
We consider Yung Zip very steady. Yung Zip Chemical shows Sharpe Ratio of 0.0254, which attests that the company had a 0.0254% return per unit of risk over the last 3 months. We have found twenty-three technical indicators for Yung Zip Chemical, which you can use to evaluate the volatility of the company. Please check out Yung Zip's Mean Deviation of 1.23, market risk adjusted performance of 0.0856, and Standard Deviation of 2.05 to validate if the risk estimate we provide is consistent with the expected return of 0.0488%. Yung Zip has a performance score of 1 on a scale of 0 to 100. The firm maintains a market beta of -0.42, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Yung Zip are expected to decrease at a much lower rate. During the bear market, Yung Zip is likely to outperform the market. Yung Zip Chemical right now maintains a risk of 1.92%. Please check out Yung Zip Chemical standard deviation, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if Yung Zip Chemical will be following its historical returns.
Auto-correlation | -0.54 |
Good reverse predictability
Yung Zip Chemical has good reverse predictability. Overlapping area represents the amount of predictability between Yung Zip time series from 29th of March 2024 to 13th of April 2024 and 13th of April 2024 to 28th of April 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 Yung Zip Chemical price movement. The serial correlation of -0.54 indicates that about 54.0% of current Yung Zip price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.54 | |
| Spearman Rank Test | -0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 0.55 |
Yung Zip Chemical lagged returns against current returns
Autocorrelation, which is Yung Zip 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 Yung Zip's stock expected returns. We can calculate the autocorrelation of Yung Zip returns to help us make a trade decision. For example, suppose you find that Yung Zip 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 |
Yung Zip 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 Yung Zip stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Yung Zip stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Yung Zip stock over time.
Current vs Lagged Prices |
| Timeline |
Yung Zip Lagged Returns
When evaluating Yung Zip's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Yung Zip stock have on its future price. Yung Zip 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, Yung Zip autocorrelation shows the relationship between Yung Zip stock current value and its past values and can show if there is a momentum factor associated with investing in Yung Zip Chemical.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Check out Yung Zip Correlation, Yung Zip Volatility and Yung Zip Alpha and Beta module to complement your research on Yung Zip. You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
Complementary Tools for Yung Stock analysis
When running Yung Zip's price analysis, check to measure Yung Zip'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 Yung Zip is operating at the current time. Most of Yung Zip's value examination focuses on studying past and present price action to predict the probability of Yung Zip's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Yung Zip's price. Additionally, you may evaluate how the addition of Yung Zip to your portfolios can decrease your overall portfolio volatility.
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Yung Zip 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.