Yao Sheng (Taiwan) Market Value
| 3207 Stock | TWD 147.00 1.00 0.68% |
| Symbol | Yao |
Yao Sheng '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 Yao Sheng'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 Yao Sheng.
| 03/31/2024 |
| 04/30/2024 |
If you would invest 0.00 in Yao Sheng on March 31, 2024 and sell it all today you would earn a total of 0.00 from holding Yao Sheng Electronic or generate 0.0% return on investment in Yao Sheng over 30 days. Yao Sheng is related to or competes with Cathay Financial, Cathay Financial, Cathay Financial, Fubon Financial, Fubon Financial, CTBC Financial, and CTBC Financial. More
Yao Sheng 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 Yao Sheng'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 Yao Sheng Electronic upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.15 | |||
| Information Ratio | 0.2324 | |||
| Maximum Drawdown | 27.92 | |||
| Value At Risk | (4.52) | |||
| Potential Upside | 6.32 |
Yao Sheng Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Yao Sheng's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Yao Sheng's standard deviation. In reality, there are many statistical measures that can use Yao Sheng historical prices to predict the future Yao Sheng's volatility.| Risk Adjusted Performance | 0.1677 | |||
| Jensen Alpha | 1.03 | |||
| Total Risk Alpha | 0.4895 | |||
| Sortino Ratio | 0.2874 | |||
| Treynor Ratio | (1.57) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Yao Sheng'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.
Yao Sheng Electronic Backtested Returns
Yao Sheng is very steady given 3 months investment horizon. Yao Sheng Electronic shows Sharpe Ratio of 0.26, which attests that the company had a 0.26% return per unit of risk over the last 3 months. We were able to interpolate thirty different technical indicators, which can help you to evaluate if expected returns of 1.09% are justified by taking the suggested risk. Use Yao Sheng Electronic Mean Deviation of 2.59, market risk adjusted performance of (1.56), and Downside Deviation of 3.15 to evaluate company specific risk that cannot be diversified away. Yao Sheng holds a performance score of 20 on a scale of zero to a hundred. The firm maintains a market beta of -0.63, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Yao Sheng are expected to decrease at a much lower rate. During the bear market, Yao Sheng is likely to outperform the market. Use Yao Sheng Electronic standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to analyze future returns on Yao Sheng Electronic.
Auto-correlation | 0.06 |
Virtually no predictability
Yao Sheng Electronic has virtually no predictability. Overlapping area represents the amount of predictability between Yao Sheng time series from 31st of March 2024 to 15th of April 2024 and 15th of April 2024 to 30th 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 Yao Sheng Electronic price movement. The serial correlation of 0.06 indicates that barely 6.0% of current Yao Sheng price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.06 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 24.54 |
Yao Sheng Electronic lagged returns against current returns
Autocorrelation, which is Yao Sheng 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 Yao Sheng's stock expected returns. We can calculate the autocorrelation of Yao Sheng returns to help us make a trade decision. For example, suppose you find that Yao Sheng 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 |
Yao Sheng 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 Yao Sheng stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Yao Sheng stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Yao Sheng stock over time.
Current vs Lagged Prices |
| Timeline |
Yao Sheng Lagged Returns
When evaluating Yao Sheng's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Yao Sheng stock have on its future price. Yao Sheng 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, Yao Sheng autocorrelation shows the relationship between Yao Sheng stock current value and its past values and can show if there is a momentum factor associated with investing in Yao Sheng Electronic.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Check out Yao Sheng Correlation, Yao Sheng Volatility and Yao Sheng Alpha and Beta module to complement your research on Yao Sheng. You can also try the Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.
Complementary Tools for Yao Stock analysis
When running Yao Sheng's price analysis, check to measure Yao Sheng'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 Yao Sheng is operating at the current time. Most of Yao Sheng's value examination focuses on studying past and present price action to predict the probability of Yao Sheng's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Yao Sheng's price. Additionally, you may evaluate how the addition of Yao Sheng to your portfolios can decrease your overall portfolio volatility.
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Yao Sheng 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.