Universal Vision (Taiwan) Market Value

3218 Stock  TWD 227.00  0.50  0.22%   
Universal Vision's market value is the price at which a share of Universal Vision trades on a public exchange. It measures the collective expectations of Universal Vision Biotechnology investors about its performance. Universal Vision is selling for under 227.00 as of the 17th of March 2025; that is 0.22 percent increase since the beginning of the trading day. The stock's lowest day price was 226.0.
With this module, you can estimate the performance of a buy and hold strategy of Universal Vision Biotechnology and determine expected loss or profit from investing in Universal Vision over a given investment horizon. Check out Universal Vision Correlation, Universal Vision Volatility and Universal Vision Alpha and Beta module to complement your research on Universal Vision.
Symbol

Please note, there is a significant difference between Universal Vision's value and its price as these two are different measures arrived at by different means. Investors typically determine if Universal Vision is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Universal Vision's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Universal Vision '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 Universal Vision'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 Universal Vision.
0.00
12/17/2024
No Change 0.00  0.0 
In 3 months and 1 day
03/17/2025
0.00
If you would invest  0.00  in Universal Vision on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Universal Vision Biotechnology or generate 0.0% return on investment in Universal Vision over 90 days. Universal Vision is related to or competes with Niko Semiconductor, WIN Semiconductors, WiseChip Semiconductor, U Ming, Sheng Yu, RDC Semiconductor, and Tang Eng. Universal Vision Biotechnology Co., Ltd. operates a chain of eye care clinics in Taiwan and China More

Universal Vision 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 Universal Vision'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 Universal Vision Biotechnology upside and downside potential and time the market with a certain degree of confidence.

Universal Vision Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Universal Vision's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Universal Vision's standard deviation. In reality, there are many statistical measures that can use Universal Vision historical prices to predict the future Universal Vision's volatility.
Hype
Prediction
LowEstimatedHigh
225.13227.00228.87
Details
Intrinsic
Valuation
LowRealHigh
184.51186.38249.70
Details

Universal Vision Bio Backtested Returns

Universal Vision appears to be very steady, given 3 months investment horizon. Universal Vision Bio owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.12, which indicates the firm had a 0.12 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Universal Vision Biotechnology, which you can use to evaluate the volatility of the company. Please review Universal Vision's Risk Adjusted Performance of 0.0426, coefficient of variation of 2323.6, and Semi Deviation of 1.41 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Universal Vision holds a performance score of 9. The entity has a beta of -0.31, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Universal Vision are expected to decrease at a much lower rate. During the bear market, Universal Vision is likely to outperform the market. Please check Universal Vision's mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Universal Vision's existing price patterns will revert.

Auto-correlation

    
  -0.14  

Insignificant reverse predictability

Universal Vision Biotechnology has insignificant reverse predictability. Overlapping area represents the amount of predictability between Universal Vision 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 Universal Vision Bio price movement. The serial correlation of -0.14 indicates that less than 14.0% of current Universal Vision price fluctuation can be explain by its past prices.
Correlation Coefficient-0.14
Spearman Rank Test-0.06
Residual Average0.0
Price Variance78.06

Universal Vision Bio lagged returns against current returns

Autocorrelation, which is Universal Vision 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 Universal Vision's stock expected returns. We can calculate the autocorrelation of Universal Vision returns to help us make a trade decision. For example, suppose you find that Universal Vision 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  

Universal Vision 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 Universal Vision stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Universal Vision stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Universal Vision stock over time.
   Current vs Lagged Prices   
       Timeline  

Universal Vision Lagged Returns

When evaluating Universal Vision's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Universal Vision stock have on its future price. Universal Vision 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, Universal Vision autocorrelation shows the relationship between Universal Vision stock current value and its past values and can show if there is a momentum factor associated with investing in Universal Vision Biotechnology.
   Regressed Prices   
       Timeline  

Pair Trading with Universal Vision

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 Universal Vision 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 Universal Vision will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Universal Vision could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Universal Vision 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 Universal Vision - 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 Universal Vision Biotechnology to buy it.
The correlation of Universal Vision 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 Universal Vision moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Universal Vision Bio 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 Universal Vision 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.
Pair CorrelationCorrelation Matching

Additional Tools for Universal Stock Analysis

When running Universal Vision's price analysis, check to measure Universal Vision'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 Universal Vision is operating at the current time. Most of Universal Vision's value examination focuses on studying past and present price action to predict the probability of Universal Vision's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Universal Vision's price. Additionally, you may evaluate how the addition of Universal Vision to your portfolios can decrease your overall portfolio volatility.