Unitech Printed (Taiwan) Market Value
| 2367 Stock | TWD 30.95 0.80 2.52% |
| Symbol | Unitech |
Unitech Printed '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 Unitech Printed'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 Unitech Printed.
| 11/16/2024 |
| 12/16/2024 |
If you would invest 0.00 in Unitech Printed on November 16, 2024 and sell it all today you would earn a total of 0.00 from holding Unitech Printed Circuit or generate 0.0% return on investment in Unitech Printed over 30 days. Unitech Printed is related to or competes with AU Optronics, Innolux Corp, Ruentex Development, WiseChip Semiconductor, Novatek Microelectronics, Leader Electronics, and Information Technology. Unitech Printed Circuit Board Corp. operates in the printed circuit board industry in Taiwan More
Unitech Printed 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 Unitech Printed'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 Unitech Printed Circuit upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 11.27 | |||
| Value At Risk | (3.07) | |||
| Potential Upside | 4.33 |
Unitech Printed Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Unitech Printed's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Unitech Printed's standard deviation. In reality, there are many statistical measures that can use Unitech Printed historical prices to predict the future Unitech Printed's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.32) | |||
| Treynor Ratio | (0.12) |
Unitech Printed Circuit Backtested Returns
Unitech Printed Circuit owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0379, which indicates the firm had a -0.0379% return per unit of risk over the last 3 months. Unitech Printed Circuit exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Unitech Printed's Coefficient Of Variation of (8,064), insignificant risk adjusted performance, and Variance of 5.08 to confirm the risk estimate we provide. The entity has a beta of 0.31, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Unitech Printed's returns are expected to increase less than the market. However, during the bear market, the loss of holding Unitech Printed is expected to be smaller as well. At this point, Unitech Printed Circuit has a negative expected return of -0.083%. Please make sure to validate Unitech Printed's mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Unitech Printed Circuit performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.39 |
Poor reverse predictability
Unitech Printed Circuit has poor reverse predictability. Overlapping area represents the amount of predictability between Unitech Printed time series from 16th of November 2024 to 1st of December 2024 and 1st of December 2024 to 16th of December 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 Unitech Printed Circuit price movement. The serial correlation of -0.39 indicates that just about 39.0% of current Unitech Printed price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.39 | |
| Spearman Rank Test | -0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.27 |
Unitech Printed Circuit lagged returns against current returns
Autocorrelation, which is Unitech Printed 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 Unitech Printed's stock expected returns. We can calculate the autocorrelation of Unitech Printed returns to help us make a trade decision. For example, suppose you find that Unitech Printed 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 |
Unitech Printed 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 Unitech Printed stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Unitech Printed stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Unitech Printed stock over time.
Current vs Lagged Prices |
| Timeline |
Unitech Printed Lagged Returns
When evaluating Unitech Printed's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Unitech Printed stock have on its future price. Unitech Printed 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, Unitech Printed autocorrelation shows the relationship between Unitech Printed stock current value and its past values and can show if there is a momentum factor associated with investing in Unitech Printed Circuit.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Unitech Stock Analysis
When running Unitech Printed's price analysis, check to measure Unitech Printed'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 Unitech Printed is operating at the current time. Most of Unitech Printed's value examination focuses on studying past and present price action to predict the probability of Unitech Printed's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Unitech Printed's price. Additionally, you may evaluate how the addition of Unitech Printed to your portfolios can decrease your overall portfolio volatility.