UMC Electronics (Germany) Market Value
| UM3 Stock | EUR 1.89 0.02 1.07% |
| Symbol | UMC |
UMC Electronics '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 UMC Electronics' 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 UMC Electronics.
| 04/06/2024 |
| 12/02/2024 |
If you would invest 0.00 in UMC Electronics on April 6, 2024 and sell it all today you would earn a total of 0.00 from holding UMC Electronics Co or generate 0.0% return on investment in UMC Electronics over 240 days. UMC Electronics is related to or competes with ASURE SOFTWARE, Axway Software, Micron Technology, AXWAY SOFTWARE, Microchip Technology, Amkor Technology, and PSI Software. UMC Electronics Co., Ltd. provides electronic manufacturing services in Japan More
UMC Electronics 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 UMC Electronics' 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 UMC Electronics Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 19.41 | |||
| Value At Risk | (3.74) | |||
| Potential Upside | 3.11 |
UMC Electronics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for UMC Electronics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as UMC Electronics' standard deviation. In reality, there are many statistical measures that can use UMC Electronics historical prices to predict the future UMC Electronics' volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.42) | |||
| Total Risk Alpha | (0.80) | |||
| Treynor Ratio | (0.40) |
UMC Electronics Backtested Returns
UMC Electronics retains Efficiency (Sharpe Ratio) of -0.1, which indicates the firm had a -0.1% return per unit of volatility over the last 3 months. UMC Electronics exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate UMC Electronics' standard deviation of 2.9, and Risk Adjusted Performance of (0.07) to confirm the risk estimate we provide. The entity owns a Beta (Systematic Risk) of 0.78, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, UMC Electronics' returns are expected to increase less than the market. However, during the bear market, the loss of holding UMC Electronics is expected to be smaller as well. At this point, UMC Electronics has a negative expected return of -0.3%. Please make sure to validate UMC Electronics' standard deviation, information ratio, total risk alpha, as well as the relationship between the variance and jensen alpha , to decide if UMC Electronics performance from the past will be repeated at future time.
Auto-correlation | -0.27 |
Weak reverse predictability
UMC Electronics Co has weak reverse predictability. Overlapping area represents the amount of predictability between UMC Electronics time series from 6th of April 2024 to 4th of August 2024 and 4th of August 2024 to 2nd 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 UMC Electronics price movement. The serial correlation of -0.27 indicates that nearly 27.0% of current UMC Electronics price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.27 | |
| Spearman Rank Test | -0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
UMC Electronics lagged returns against current returns
Autocorrelation, which is UMC Electronics 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 UMC Electronics' stock expected returns. We can calculate the autocorrelation of UMC Electronics returns to help us make a trade decision. For example, suppose you find that UMC Electronics 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 |
UMC Electronics 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 UMC Electronics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if UMC Electronics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in UMC Electronics stock over time.
Current vs Lagged Prices |
| Timeline |
UMC Electronics Lagged Returns
When evaluating UMC Electronics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of UMC Electronics stock have on its future price. UMC Electronics 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, UMC Electronics autocorrelation shows the relationship between UMC Electronics stock current value and its past values and can show if there is a momentum factor associated with investing in UMC Electronics Co.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in UMC Stock
UMC Electronics financial ratios help investors to determine whether UMC 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 UMC with respect to the benefits of owning UMC Electronics security.