Union Semiconductor (China) Market Value
| 688403 Stock | 9.44 0.02 0.21% |
| Symbol | Union |
Union 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 Union 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 Union Semiconductor.
| 10/04/2024 |
| 12/03/2024 |
If you would invest 0.00 in Union Semiconductor on October 4, 2024 and sell it all today you would earn a total of 0.00 from holding Union Semiconductor Co or generate 0.0% return on investment in Union Semiconductor over 60 days. Union Semiconductor is related to or competes with Cultural Investment, Gome Telecom, Bus Online, Holitech Technology, and Zotye Automobile. Union Semiconductor is entity of China. It is traded as Stock on SHG exchange. More
Union 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 Union 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 Union Semiconductor Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.11 | |||
| Information Ratio | 0.1162 | |||
| Maximum Drawdown | 29.56 | |||
| Value At Risk | (3.84) | |||
| Potential Upside | 6.34 |
Union Semiconductor Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Union Semiconductor's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Union Semiconductor's standard deviation. In reality, there are many statistical measures that can use Union Semiconductor historical prices to predict the future Union Semiconductor's volatility.| Risk Adjusted Performance | 0.1202 | |||
| Jensen Alpha | 0.5919 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.1527 | |||
| Treynor Ratio | (24.04) |
Union Semiconductor Backtested Returns
Union Semiconductor appears to be slightly risky, given 3 months investment horizon. Union Semiconductor owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.15, which indicates the firm had a 0.15% return per unit of risk over the last 3 months. By inspecting Union Semiconductor's technical indicators, you can evaluate if the expected return of 0.65% is justified by implied risk. Please review Union Semiconductor's Coefficient Of Variation of 681.97, semi deviation of 2.54, and Risk Adjusted Performance of 0.1202 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Union Semiconductor holds a performance score of 11. The entity has a beta of -0.0245, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Union Semiconductor are expected to decrease at a much lower rate. During the bear market, Union Semiconductor is likely to outperform the market. Please check Union Semiconductor's downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Union Semiconductor's existing price patterns will revert.
Auto-correlation | -0.36 |
Poor reverse predictability
Union Semiconductor Co has poor reverse predictability. Overlapping area represents the amount of predictability between Union Semiconductor time series from 4th of October 2024 to 3rd of November 2024 and 3rd of November 2024 to 3rd 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 Union Semiconductor price movement. The serial correlation of -0.36 indicates that just about 36.0% of current Union Semiconductor price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.36 | |
| Spearman Rank Test | 0.53 | |
| Residual Average | 0.0 | |
| Price Variance | 0.14 |
Union Semiconductor lagged returns against current returns
Autocorrelation, which is Union 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 Union Semiconductor's stock expected returns. We can calculate the autocorrelation of Union Semiconductor returns to help us make a trade decision. For example, suppose you find that Union 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 |
Union 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 Union Semiconductor stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Union Semiconductor stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Union Semiconductor stock over time.
Current vs Lagged Prices |
| Timeline |
Union Semiconductor Lagged Returns
When evaluating Union Semiconductor's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Union Semiconductor stock have on its future price. Union 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, Union Semiconductor autocorrelation shows the relationship between Union Semiconductor stock current value and its past values and can show if there is a momentum factor associated with investing in Union Semiconductor Co.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Union Stock
Union Semiconductor financial ratios help investors to determine whether Union 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 Union with respect to the benefits of owning Union Semiconductor security.