Universal Scientific (China) Market Value
| 601231 Stock | 15.71 0.36 2.35% |
| Symbol | Universal |
Universal Scientific '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 Scientific'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 Scientific.
| 01/05/2023 |
| 12/25/2024 |
If you would invest 0.00 in Universal Scientific on January 5, 2023 and sell it all today you would earn a total of 0.00 from holding Universal Scientific Industrial or generate 0.0% return on investment in Universal Scientific over 720 days. Universal Scientific is related to or competes with Industrial, China Construction, Agricultural Bank, Bank of China, PetroChina, China Merchants, and CNOOC. Universal Scientific is entity of China. It is traded as Stock on SHG exchange. More
Universal Scientific 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 Scientific'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 Scientific Industrial upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.15 | |||
| Information Ratio | 0.0861 | |||
| Maximum Drawdown | 15.64 | |||
| Value At Risk | (2.98) | |||
| Potential Upside | 4.46 |
Universal Scientific Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Universal Scientific's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Universal Scientific's standard deviation. In reality, there are many statistical measures that can use Universal Scientific historical prices to predict the future Universal Scientific's volatility.| Risk Adjusted Performance | 0.0895 | |||
| Jensen Alpha | 0.2532 | |||
| Total Risk Alpha | 0.1456 | |||
| Sortino Ratio | 0.1038 | |||
| Treynor Ratio | 1.7 |
Universal Scientific Backtested Returns
Universal Scientific appears to be not too volatile, given 3 months investment horizon. Universal Scientific owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0871, which indicates the firm had a 0.0871% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Universal Scientific Industrial, which you can use to evaluate the volatility of the company. Please review Universal Scientific's Risk Adjusted Performance of 0.0895, semi deviation of 1.94, and Coefficient Of Variation of 967.89 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Universal Scientific holds a performance score of 6. The entity has a beta of 0.15, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Universal Scientific's returns are expected to increase less than the market. However, during the bear market, the loss of holding Universal Scientific is expected to be smaller as well. Please check Universal Scientific's downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Universal Scientific's existing price patterns will revert.
Auto-correlation | -0.34 |
Poor reverse predictability
Universal Scientific Industrial has poor reverse predictability. Overlapping area represents the amount of predictability between Universal Scientific time series from 5th of January 2023 to 31st of December 2023 and 31st of December 2023 to 25th 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 Universal Scientific price movement. The serial correlation of -0.34 indicates that nearly 34.0% of current Universal Scientific price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.34 | |
| Spearman Rank Test | -0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.74 |
Universal Scientific lagged returns against current returns
Autocorrelation, which is Universal Scientific 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 Scientific's stock expected returns. We can calculate the autocorrelation of Universal Scientific returns to help us make a trade decision. For example, suppose you find that Universal Scientific 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 Scientific 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 Scientific stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Universal Scientific stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Universal Scientific stock over time.
Current vs Lagged Prices |
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Universal Scientific Lagged Returns
When evaluating Universal Scientific's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Universal Scientific stock have on its future price. Universal Scientific 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 Scientific autocorrelation shows the relationship between Universal Scientific stock current value and its past values and can show if there is a momentum factor associated with investing in Universal Scientific Industrial.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Universal Stock
Universal Scientific financial ratios help investors to determine whether Universal Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Universal with respect to the benefits of owning Universal Scientific security.