UTI (Korea) Market Value
| 179900 Stock | 24,550 50.00 0.20% |
| Symbol | UTI |
UTI '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 UTI'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 UTI.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in UTI on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding UTI Inc or generate 0.0% return on investment in UTI over 90 days. UTI is related to or competes with Total Soft, Shinhan Financial, Miwon Chemical, Daehan Synthetic, Kumho Petro, Korea Petro, and Lotte Fine. More
UTI 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 UTI'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 UTI Inc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.73 | |||
| Information Ratio | 0.0602 | |||
| Maximum Drawdown | 20.15 | |||
| Value At Risk | (6.05) | |||
| Potential Upside | 7.28 |
UTI Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for UTI's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as UTI's standard deviation. In reality, there are many statistical measures that can use UTI historical prices to predict the future UTI's volatility.| Risk Adjusted Performance | 0.0392 | |||
| Jensen Alpha | 0.2107 | |||
| Total Risk Alpha | 0.6486 | |||
| Sortino Ratio | 0.0659 | |||
| Treynor Ratio | 0.2026 |
UTI Inc Backtested Returns
UTI appears to be very steady, given 3 months investment horizon. UTI Inc owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0782, which indicates the firm had a 0.0782 % return per unit of volatility over the last 3 months. We have found thirty technical indicators for UTI Inc, which you can use to evaluate the volatility of the company. Please review UTI's coefficient of variation of 2779.53, and Risk Adjusted Performance of 0.0392 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, UTI holds a performance score of 6. The entity has a beta of 0.68, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, UTI's returns are expected to increase less than the market. However, during the bear market, the loss of holding UTI is expected to be smaller as well. Please check UTI's downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether UTI's existing price patterns will revert.
Auto-correlation | -0.36 |
Poor reverse predictability
UTI Inc has poor reverse predictability. Overlapping area represents the amount of predictability between UTI time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of UTI Inc price movement. The serial correlation of -0.36 indicates that just about 36.0% of current UTI price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.36 | |
| Spearman Rank Test | -0.57 | |
| Residual Average | 0.0 | |
| Price Variance | 1.5 M |
UTI Inc lagged returns against current returns
Autocorrelation, which is UTI 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 UTI's stock expected returns. We can calculate the autocorrelation of UTI returns to help us make a trade decision. For example, suppose you find that UTI 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 |
UTI 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 UTI stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if UTI stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in UTI stock over time.
Current vs Lagged Prices |
| Timeline |
UTI Lagged Returns
When evaluating UTI's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of UTI stock have on its future price. UTI 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, UTI autocorrelation shows the relationship between UTI stock current value and its past values and can show if there is a momentum factor associated with investing in UTI Inc.
Regressed Prices |
| Timeline |
Pair Trading with UTI
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 UTI 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 UTI will appreciate offsetting losses from the drop in the long position's value.Moving against UTI Stock
The ability to find closely correlated positions to UTI could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace UTI 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 UTI - 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 UTI Inc to buy it.
The correlation of UTI 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 UTI moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if UTI Inc 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 UTI 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.Other Information on Investing in UTI Stock
UTI financial ratios help investors to determine whether UTI Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in UTI with respect to the benefits of owning UTI security.