Unic Technology (Taiwan) Market Value
| 5452 Stock | TWD 31.30 1.05 3.25% |
| Symbol | Unic |
Unic 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 Unic 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 Unic Technology.
| 12/13/2024 |
| 03/13/2025 |
If you would invest 0.00 in Unic Technology on December 13, 2024 and sell it all today you would earn a total of 0.00 from holding Unic Technology or generate 0.0% return on investment in Unic Technology over 90 days. Unic Technology is related to or competes with XAC Automation, Singatron Enterprise, AVY Precision, and Lin Horn. More
Unic 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 Unic 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 Unic Technology upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 8.24 | |||
| Value At Risk | (2.76) | |||
| Potential Upside | 3.21 |
Unic Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Unic Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Unic Technology's standard deviation. In reality, there are many statistical measures that can use Unic Technology historical prices to predict the future Unic Technology's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | 0.1692 | |||
| Treynor Ratio | 0.6365 |
Unic Technology Backtested Returns
Unic Technology owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0142, which indicates the firm had a -0.0142 % return per unit of risk over the last 3 months. Unic Technology exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Unic Technology's Coefficient Of Variation of (1,552), variance of 4.15, and Risk Adjusted Performance of (0.05) to confirm the risk estimate we provide. The entity has a beta of -0.22, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Unic Technology are expected to decrease at a much lower rate. During the bear market, Unic Technology is likely to outperform the market. At this point, Unic Technology has a negative expected return of -0.0294%. Please make sure to validate Unic Technology's standard deviation, jensen alpha, and the relationship between the coefficient of variation and information ratio , to decide if Unic Technology performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.72 |
Almost perfect reverse predictability
Unic Technology has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Unic Technology time series from 13th of December 2024 to 27th of January 2025 and 27th of January 2025 to 13th 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 Unic Technology price movement. The serial correlation of -0.72 indicates that around 72.0% of current Unic Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.72 | |
| Spearman Rank Test | -0.81 | |
| Residual Average | 0.0 | |
| Price Variance | 2.33 |
Unic Technology lagged returns against current returns
Autocorrelation, which is Unic 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 Unic Technology's stock expected returns. We can calculate the autocorrelation of Unic Technology returns to help us make a trade decision. For example, suppose you find that Unic 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 |
Unic 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 Unic Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Unic Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Unic Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Unic Technology Lagged Returns
When evaluating Unic Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Unic Technology stock have on its future price. Unic 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, Unic Technology autocorrelation shows the relationship between Unic Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Unic Technology.
Regressed Prices |
| Timeline |
Pair Trading with Unic 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 Unic 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 Unic Technology will appreciate offsetting losses from the drop in the long position's value.Moving together with Unic Stock
Moving against Unic Stock
| 0.64 | 2454 | MediaTek | PairCorr |
| 0.63 | 3529 | eMemory Technology | PairCorr |
| 0.48 | 0050 | YuantaP shares Taiwan | PairCorr |
| 0.45 | 0053 | YuantaP shares Taiwan | PairCorr |
| 0.43 | 0057 | Fubon MSCI Taiwan | PairCorr |
The ability to find closely correlated positions to Unic 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 Unic 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 Unic 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 Unic Technology to buy it.
The correlation of Unic 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 Unic Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Unic 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 Unic 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 Unic Stock Analysis
When running Unic Technology's price analysis, check to measure Unic 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 Unic Technology is operating at the current time. Most of Unic Technology's value examination focuses on studying past and present price action to predict the probability of Unic 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 Unic Technology's price. Additionally, you may evaluate how the addition of Unic Technology to your portfolios can decrease your overall portfolio volatility.