Yem Chio (Taiwan) Market Value
| 4306 Stock | TWD 20.90 0.05 0.24% |
| Symbol | Yem |
Yem Chio '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 Yem Chio'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 Yem Chio.
| 04/01/2024 |
| 05/01/2024 |
If you would invest 0.00 in Yem Chio on April 1, 2024 and sell it all today you would earn a total of 0.00 from holding Yem Chio Co or generate 0.0% return on investment in Yem Chio over 30 days. Yem Chio is related to or competes with USI Corp, Asia Polymer, Sincere Navigation, Lealea Enterprise, and Li Peng. Yem Chio Co., Ltd. engages in the biaxially stretched polypropylene film, adhesive tape, packaging material, land develo... More
Yem Chio 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 Yem Chio'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 Yem Chio Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.66 | |||
| Information Ratio | 0.1436 | |||
| Maximum Drawdown | 12.62 | |||
| Value At Risk | (1.81) | |||
| Potential Upside | 3.01 |
Yem Chio Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Yem Chio's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Yem Chio's standard deviation. In reality, there are many statistical measures that can use Yem Chio historical prices to predict the future Yem Chio's volatility.| Risk Adjusted Performance | 0.1186 | |||
| Jensen Alpha | 0.3101 | |||
| Total Risk Alpha | 0.1775 | |||
| Sortino Ratio | 0.1661 | |||
| Treynor Ratio | 1.02 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Yem Chio'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.
Yem Chio Backtested Returns
Yem Chio appears to be very steady, given 3 months investment horizon. Yem Chio shows Sharpe Ratio of 0.2, which attests that the company had a 0.2% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Yem Chio, which you can use to evaluate the volatility of the company. Please utilize Yem Chio's Mean Deviation of 1.3, downside deviation of 1.66, and Market Risk Adjusted Performance of 1.03 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Yem Chio holds a performance score of 15. The firm maintains a market beta of 0.32, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Yem Chio's returns are expected to increase less than the market. However, during the bear market, the loss of holding Yem Chio is expected to be smaller as well. Please check Yem Chio's coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to make a quick decision on whether Yem Chio's historical returns will revert.
Auto-correlation | 0.10 |
Insignificant predictability
Yem Chio Co has insignificant predictability. Overlapping area represents the amount of predictability between Yem Chio time series from 1st of April 2024 to 16th of April 2024 and 16th of April 2024 to 1st of May 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 Yem Chio price movement. The serial correlation of 0.1 indicates that less than 10.0% of current Yem Chio price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.1 | |
| Spearman Rank Test | 0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 0.82 |
Yem Chio lagged returns against current returns
Autocorrelation, which is Yem Chio 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 Yem Chio's stock expected returns. We can calculate the autocorrelation of Yem Chio returns to help us make a trade decision. For example, suppose you find that Yem Chio 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 |
Yem Chio 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 Yem Chio stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Yem Chio stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Yem Chio stock over time.
Current vs Lagged Prices |
| Timeline |
Yem Chio Lagged Returns
When evaluating Yem Chio's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Yem Chio stock have on its future price. Yem Chio 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, Yem Chio autocorrelation shows the relationship between Yem Chio stock current value and its past values and can show if there is a momentum factor associated with investing in Yem Chio Co.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Yem Chio in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Yem Chio's short interest history, or implied volatility extrapolated from Yem Chio options trading.
Thematic Opportunities
Explore Investment Opportunities
Check out Yem Chio Correlation, Yem Chio Volatility and Yem Chio Alpha and Beta module to complement your research on Yem Chio. You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.
Complementary Tools for Yem Stock analysis
When running Yem Chio's price analysis, check to measure Yem Chio'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 Yem Chio is operating at the current time. Most of Yem Chio's value examination focuses on studying past and present price action to predict the probability of Yem Chio's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Yem Chio's price. Additionally, you may evaluate how the addition of Yem Chio to your portfolios can decrease your overall portfolio volatility.
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Yem Chio 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.