UPI Semiconductor (Taiwan) Market Value
| 6719 Stock | 221.50 3.50 1.56% |
| Symbol | UPI |
UPI Semiconductor '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 UPI Semiconductor'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 UPI Semiconductor.
| 10/16/2024 |
| 12/15/2024 |
If you would invest 0.00 in UPI Semiconductor on October 16, 2024 and sell it all today you would earn a total of 0.00 from holding uPI Semiconductor Corp or generate 0.0% return on investment in UPI Semiconductor over 60 days.
UPI Semiconductor 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 UPI Semiconductor'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 uPI Semiconductor Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 8.03 | |||
| Value At Risk | (2.40) | |||
| Potential Upside | 2.47 |
UPI Semiconductor Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for UPI Semiconductor's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as UPI Semiconductor's standard deviation. In reality, there are many statistical measures that can use UPI Semiconductor historical prices to predict the future UPI Semiconductor's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.30) | |||
| Treynor Ratio | (0.18) |
uPI Semiconductor Corp Backtested Returns
uPI Semiconductor Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0559, which indicates the firm had a -0.0559% return per unit of volatility over the last 3 months. uPI Semiconductor Corp exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate UPI Semiconductor's variance of 3.03, and Risk Adjusted Performance of (0.03) to confirm the risk estimate we provide. The entity has a beta of 0.49, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, UPI Semiconductor's returns are expected to increase less than the market. However, during the bear market, the loss of holding UPI Semiconductor is expected to be smaller as well. At this point, uPI Semiconductor Corp has a negative expected return of -0.0974%. Please make sure to validate UPI Semiconductor's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if uPI Semiconductor Corp performance from the past will be repeated at future time.
Auto-correlation | -0.23 |
Weak reverse predictability
uPI Semiconductor Corp has weak reverse predictability. Overlapping area represents the amount of predictability between UPI Semiconductor time series from 16th of October 2024 to 15th of November 2024 and 15th 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 uPI Semiconductor Corp price movement. The serial correlation of -0.23 indicates that over 23.0% of current UPI Semiconductor price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.23 | |
| Spearman Rank Test | -0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 28.52 |
uPI Semiconductor Corp lagged returns against current returns
Autocorrelation, which is UPI Semiconductor 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 UPI Semiconductor's stock expected returns. We can calculate the autocorrelation of UPI Semiconductor returns to help us make a trade decision. For example, suppose you find that UPI Semiconductor 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 |
UPI Semiconductor 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 UPI Semiconductor stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if UPI Semiconductor stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in UPI Semiconductor stock over time.
Current vs Lagged Prices |
| Timeline |
UPI Semiconductor Lagged Returns
When evaluating UPI Semiconductor's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of UPI Semiconductor stock have on its future price. UPI Semiconductor 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, UPI Semiconductor autocorrelation shows the relationship between UPI Semiconductor stock current value and its past values and can show if there is a momentum factor associated with investing in uPI Semiconductor 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 UPI Stock Analysis
When running UPI Semiconductor's price analysis, check to measure UPI Semiconductor'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 UPI Semiconductor is operating at the current time. Most of UPI Semiconductor's value examination focuses on studying past and present price action to predict the probability of UPI Semiconductor's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move UPI Semiconductor's price. Additionally, you may evaluate how the addition of UPI Semiconductor to your portfolios can decrease your overall portfolio volatility.