Union Semiconductor (China) Market Value
| 688403 Stock | 9.20 0.05 0.55% |
| 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.
| 01/27/2025 |
| 02/26/2025 |
If you would invest 0.00 in Union Semiconductor on January 27, 2025 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 30 days. Union Semiconductor is related to or competes with Caihong Display, Allwin Telecommunicatio, Shaanxi Meineng, Sportsoul, Hengxin Mobile, and Anhui Jianghuai. 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.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 8.2 | |||
| Value At Risk | (3.18) | |||
| Potential Upside | 2.86 |
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 | (0.02) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.09) | |||
| Treynor Ratio | (0.14) |
Union Semiconductor Backtested Returns
Union Semiconductor owns Efficiency Ratio (i.e., Sharpe Ratio) of close to zero, which indicates the firm had a close to zero % return per unit of risk over the last 3 months. Union Semiconductor Co exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Union Semiconductor's Risk Adjusted Performance of (0.02), variance of 3.63, and Coefficient Of Variation of (2,764) to confirm the risk estimate we provide. The entity has a beta of 0.56, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Union Semiconductor's returns are expected to increase less than the market. However, during the bear market, the loss of holding Union Semiconductor is expected to be smaller as well. At this point, Union Semiconductor has a negative expected return of -0.0054%. Please make sure to validate Union Semiconductor's mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Union Semiconductor performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.75 |
Almost perfect reverse predictability
Union Semiconductor Co has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Union Semiconductor time series from 27th of January 2025 to 11th of February 2025 and 11th of February 2025 to 26th of February 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 Union Semiconductor price movement. The serial correlation of -0.75 indicates that around 75.0% of current Union Semiconductor price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.75 | |
| Spearman Rank Test | -0.83 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
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.