United Integrated (Taiwan) Market Value
| 2404 Stock | TWD 413.50 10.50 2.48% |
| Symbol | United |
United Integrated '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 United Integrated'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 United Integrated.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in United Integrated on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding United Integrated Services or generate 0.0% return on investment in United Integrated over 90 days. United Integrated is related to or competes with Chicony Electronics, Delta Electronics, Greatek Electronics, Realtek Semiconductor, and Elan Microelectronics. United Integrated Services Co., Ltd. provides engineering construction services in Taiwan More
United Integrated 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 United Integrated'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 United Integrated Services upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0119 | |||
| Maximum Drawdown | 10.18 | |||
| Value At Risk | (2.76) | |||
| Potential Upside | 4.56 |
United Integrated Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for United Integrated's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as United Integrated's standard deviation. In reality, there are many statistical measures that can use United Integrated historical prices to predict the future United Integrated's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | 0.206 | |||
| Treynor Ratio | (0.15) |
United Integrated Backtested Returns
United Integrated owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0698, which indicates the firm had a -0.0698 % return per unit of risk over the last 3 months. United Integrated Services exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate United Integrated's Risk Adjusted Performance of (0.02), coefficient of variation of (3,200), and Variance of 5.28 to confirm the risk estimate we provide. The entity has a beta of 0.53, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, United Integrated's returns are expected to increase less than the market. However, during the bear market, the loss of holding United Integrated is expected to be smaller as well. At this point, United Integrated has a negative expected return of -0.17%. Please make sure to validate United Integrated's mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if United Integrated performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.67 |
Very good reverse predictability
United Integrated Services has very good reverse predictability. Overlapping area represents the amount of predictability between United Integrated time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th 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 United Integrated price movement. The serial correlation of -0.67 indicates that around 67.0% of current United Integrated price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.67 | |
| Spearman Rank Test | -0.64 | |
| Residual Average | 0.0 | |
| Price Variance | 510.16 |
United Integrated lagged returns against current returns
Autocorrelation, which is United Integrated 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 United Integrated's stock expected returns. We can calculate the autocorrelation of United Integrated returns to help us make a trade decision. For example, suppose you find that United Integrated 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 |
United Integrated 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 United Integrated stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if United Integrated stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in United Integrated stock over time.
Current vs Lagged Prices |
| Timeline |
United Integrated Lagged Returns
When evaluating United Integrated's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of United Integrated stock have on its future price. United Integrated 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, United Integrated autocorrelation shows the relationship between United Integrated stock current value and its past values and can show if there is a momentum factor associated with investing in United Integrated Services.
Regressed Prices |
| Timeline |
Also Currently Popular
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 United Stock Analysis
When running United Integrated's price analysis, check to measure United Integrated'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 United Integrated is operating at the current time. Most of United Integrated's value examination focuses on studying past and present price action to predict the probability of United Integrated's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move United Integrated's price. Additionally, you may evaluate how the addition of United Integrated to your portfolios can decrease your overall portfolio volatility.