Global Unichip (Taiwan) Market Value
| 3443 Stock | TWD 1,205 30.00 2.55% |
| Symbol | Global |
Global Unichip '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 Global Unichip'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 Global Unichip.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in Global Unichip on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Global Unichip Corp or generate 0.0% return on investment in Global Unichip over 90 days. Global Unichip is related to or competes with Alchip Technologies, Realtek Semiconductor, Faraday Technology, Novatek Microelectronics, and Unimicron Technology. Global Unichip Corp. engages in the research, development, production, testing, and sale of embedded memory components, ... More
Global Unichip 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 Global Unichip'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 Global Unichip Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.89 | |||
| Information Ratio | 0.0588 | |||
| Maximum Drawdown | 15.88 | |||
| Value At Risk | (3.94) | |||
| Potential Upside | 6.0 |
Global Unichip Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Global Unichip's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Global Unichip's standard deviation. In reality, there are many statistical measures that can use Global Unichip historical prices to predict the future Global Unichip's volatility.| Risk Adjusted Performance | 0.0312 | |||
| Jensen Alpha | 0.1822 | |||
| Total Risk Alpha | 0.4733 | |||
| Sortino Ratio | 0.0644 | |||
| Treynor Ratio | 0.0797 |
Global Unichip Corp Backtested Returns
Global Unichip Corp holds Efficiency (Sharpe) Ratio of -0.0522, which attests that the entity had a -0.0522 % return per unit of risk over the last 3 months. Global Unichip Corp exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Global Unichip's Market Risk Adjusted Performance of 0.0897, risk adjusted performance of 0.0312, and Downside Deviation of 2.89 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.97, which attests to possible diversification benefits within a given portfolio. Global Unichip returns are very sensitive to returns on the market. As the market goes up or down, Global Unichip is expected to follow. At this point, Global Unichip Corp has a negative expected return of -0.17%. Please make sure to check out Global Unichip's downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Global Unichip Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.09 |
Virtually no predictability
Global Unichip Corp has virtually no predictability. Overlapping area represents the amount of predictability between Global Unichip time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th 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 Global Unichip Corp price movement. The serial correlation of 0.09 indicates that less than 9.0% of current Global Unichip price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.09 | |
| Spearman Rank Test | 0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 4586.58 |
Global Unichip Corp lagged returns against current returns
Autocorrelation, which is Global Unichip 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 Global Unichip's stock expected returns. We can calculate the autocorrelation of Global Unichip returns to help us make a trade decision. For example, suppose you find that Global Unichip 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 |
Global Unichip 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 Global Unichip stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Global Unichip stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Global Unichip stock over time.
Current vs Lagged Prices |
| Timeline |
Global Unichip Lagged Returns
When evaluating Global Unichip's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Global Unichip stock have on its future price. Global Unichip 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, Global Unichip autocorrelation shows the relationship between Global Unichip stock current value and its past values and can show if there is a momentum factor associated with investing in Global Unichip Corp.
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 Global Stock Analysis
When running Global Unichip's price analysis, check to measure Global Unichip'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 Global Unichip is operating at the current time. Most of Global Unichip's value examination focuses on studying past and present price action to predict the probability of Global Unichip's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Global Unichip's price. Additionally, you may evaluate how the addition of Global Unichip to your portfolios can decrease your overall portfolio volatility.