Univacco Technology (Taiwan) Market Value
| 3303 Stock | TWD 53.20 1.30 2.39% |
| Symbol | Univacco |
Univacco Technology '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 Univacco Technology'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 Univacco Technology.
| 12/14/2024 |
| 03/14/2025 |
If you would invest 0.00 in Univacco Technology on December 14, 2024 and sell it all today you would earn a total of 0.00 from holding Univacco Technology or generate 0.0% return on investment in Univacco Technology over 90 days. Univacco Technology is related to or competes with Lian Hwa, Standard Foods, Arima Communications, Oceanic Beverages, X Legend, Mercuries Life, and Sports Gear. Univacco Technology Inc. manufactures and sells stamping foil products and optoelectronics materials worldwide More
Univacco Technology 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 Univacco Technology'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 Univacco Technology upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.23 | |||
| Information Ratio | 0.1093 | |||
| Maximum Drawdown | 10.59 | |||
| Value At Risk | (3.36) | |||
| Potential Upside | 3.64 |
Univacco Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Univacco Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Univacco Technology's standard deviation. In reality, there are many statistical measures that can use Univacco Technology historical prices to predict the future Univacco Technology's volatility.| Risk Adjusted Performance | 0.0465 | |||
| Jensen Alpha | 0.1633 | |||
| Total Risk Alpha | 0.4556 | |||
| Sortino Ratio | 0.1054 | |||
| Treynor Ratio | 0.1881 |
Univacco Technology Backtested Returns
At this stage we consider Univacco Stock to be very steady. Univacco Technology owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0479, which indicates the firm had a 0.0479 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Univacco Technology, which you can use to evaluate the volatility of the company. Please validate Univacco Technology's Coefficient Of Variation of 2089.25, semi deviation of 1.99, and Risk Adjusted Performance of 0.0465 to confirm if the risk estimate we provide is consistent with the expected return of 0.1%. Univacco Technology has a performance score of 3 on a scale of 0 to 100. The entity has a beta of 0.49, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Univacco Technology's returns are expected to increase less than the market. However, during the bear market, the loss of holding Univacco Technology is expected to be smaller as well. Univacco Technology right now has a risk of 2.15%. Please validate Univacco Technology mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to decide if Univacco Technology will be following its existing price patterns.
Auto-correlation | -0.48 |
Modest reverse predictability
Univacco Technology has modest reverse predictability. Overlapping area represents the amount of predictability between Univacco Technology time series from 14th of December 2024 to 28th of January 2025 and 28th of January 2025 to 14th 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 Univacco Technology price movement. The serial correlation of -0.48 indicates that about 48.0% of current Univacco Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.48 | |
| Spearman Rank Test | -0.57 | |
| Residual Average | 0.0 | |
| Price Variance | 10.38 |
Univacco Technology lagged returns against current returns
Autocorrelation, which is Univacco Technology 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 Univacco Technology's stock expected returns. We can calculate the autocorrelation of Univacco Technology returns to help us make a trade decision. For example, suppose you find that Univacco Technology 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 |
Univacco Technology 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 Univacco Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Univacco Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Univacco Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Univacco Technology Lagged Returns
When evaluating Univacco Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Univacco Technology stock have on its future price. Univacco Technology 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, Univacco Technology autocorrelation shows the relationship between Univacco Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Univacco Technology.
Regressed Prices |
| Timeline |
Pair Trading with Univacco Technology
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 Univacco Technology 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 Univacco Technology will appreciate offsetting losses from the drop in the long position's value.Moving together with Univacco Stock
Moving against Univacco Stock
| 0.63 | 3529 | eMemory Technology | PairCorr |
| 0.53 | 0053 | YuantaP shares Taiwan | PairCorr |
| 0.52 | 0050 | YuantaP shares Taiwan | PairCorr |
| 0.46 | 6409 | Voltronic Power Tech | PairCorr |
| 0.4 | 4912 | Lemtech Holdings | PairCorr |
The ability to find closely correlated positions to Univacco Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Univacco Technology 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 Univacco Technology - 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 Univacco Technology to buy it.
The correlation of Univacco Technology 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 Univacco Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Univacco Technology 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 Univacco Technology 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.Additional Tools for Univacco Stock Analysis
When running Univacco Technology's price analysis, check to measure Univacco Technology'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 Univacco Technology is operating at the current time. Most of Univacco Technology's value examination focuses on studying past and present price action to predict the probability of Univacco Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Univacco Technology's price. Additionally, you may evaluate how the addition of Univacco Technology to your portfolios can decrease your overall portfolio volatility.