Unitech Electronics (Taiwan) Market Value
| 3652 Stock | 36.55 0.60 1.62% |
| Symbol | Unitech |
Unitech Electronics '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 Electronics' 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 Electronics.
| 11/15/2024 |
| 12/15/2024 |
If you would invest 0.00 in Unitech Electronics on November 15, 2024 and sell it all today you would earn a total of 0.00 from holding Unitech Electronics Co or generate 0.0% return on investment in Unitech Electronics over 30 days. Unitech Electronics is related to or competes with Qisda Corp, Quanta Computer, Wistron Corp, and Delta Electronics. More
Unitech Electronics 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 Electronics' 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 Electronics Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 17.03 | |||
| Value At Risk | (2.79) | |||
| Potential Upside | 4.25 |
Unitech Electronics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Unitech Electronics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Unitech Electronics' standard deviation. In reality, there are many statistical measures that can use Unitech Electronics historical prices to predict the future Unitech Electronics' volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.40) | |||
| Treynor Ratio | (0.39) |
Unitech Electronics Backtested Returns
Unitech Electronics owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0491, which indicates the firm had a -0.0491% return per unit of risk over the last 3 months. Unitech Electronics Co exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Unitech Electronics' Coefficient Of Variation of (2,699), variance of 5.82, and Risk Adjusted Performance of (0.02) to confirm the risk estimate we provide. The entity has a beta of 0.25, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Unitech Electronics' returns are expected to increase less than the market. However, during the bear market, the loss of holding Unitech Electronics is expected to be smaller as well. At this point, Unitech Electronics has a negative expected return of -0.12%. Please make sure to validate Unitech Electronics' standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Unitech Electronics performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.75 |
Good predictability
Unitech Electronics Co has good predictability. Overlapping area represents the amount of predictability between Unitech Electronics time series from 15th of November 2024 to 30th of November 2024 and 30th of November 2024 to 15th 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 Electronics price movement. The serial correlation of 0.75 indicates that around 75.0% of current Unitech Electronics price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.75 | |
| Spearman Rank Test | 0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 0.72 |
Unitech Electronics lagged returns against current returns
Autocorrelation, which is Unitech Electronics 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 Electronics' stock expected returns. We can calculate the autocorrelation of Unitech Electronics returns to help us make a trade decision. For example, suppose you find that Unitech Electronics 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 Electronics 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 Electronics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Unitech Electronics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Unitech Electronics stock over time.
Current vs Lagged Prices |
| Timeline |
Unitech Electronics Lagged Returns
When evaluating Unitech Electronics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Unitech Electronics stock have on its future price. Unitech Electronics 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 Electronics autocorrelation shows the relationship between Unitech Electronics stock current value and its past values and can show if there is a momentum factor associated with investing in Unitech Electronics Co.
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 Unitech Stock Analysis
When running Unitech Electronics' price analysis, check to measure Unitech Electronics' 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 Electronics is operating at the current time. Most of Unitech Electronics' value examination focuses on studying past and present price action to predict the probability of Unitech Electronics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Unitech Electronics' price. Additionally, you may evaluate how the addition of Unitech Electronics to your portfolios can decrease your overall portfolio volatility.