Union Pioneer (Thailand) Market Value
| UPF Stock | THB 30.50 0.25 0.83% |
| Symbol | Union |
Union Pioneer '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 Pioneer'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 Pioneer.
| 12/26/2024 |
| 01/25/2025 |
If you would invest 0.00 in Union Pioneer on December 26, 2024 and sell it all today you would earn a total of 0.00 from holding Union Pioneer Public or generate 0.0% return on investment in Union Pioneer over 30 days. Union Pioneer is related to or competes with Union Plastic, Thanulux Public, Univanich Palm, Thai Poly, and Thai Vegetable. Union Pioneer Public Company Limited manufactures and distributes finished elastic products in Thailand, the United Stat... More
Union Pioneer 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 Pioneer'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 Pioneer Public upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 14.51 | |||
| Value At Risk | (3.52) | |||
| Potential Upside | 2.9 |
Union Pioneer Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Union Pioneer's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Union Pioneer's standard deviation. In reality, there are many statistical measures that can use Union Pioneer historical prices to predict the future Union Pioneer's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | (0.30) | |||
| Treynor Ratio | 3.43 |
Union Pioneer Public Backtested Returns
Union Pioneer Public owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0687, which indicates the firm had a -0.0687 % return per unit of risk over the last 3 months. Union Pioneer Public exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Union Pioneer's Coefficient Of Variation of (1,324), variance of 5.06, and Risk Adjusted Performance of (0.06) to confirm the risk estimate we provide. The entity has a beta of -0.0524, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Union Pioneer are expected to decrease at a much lower rate. During the bear market, Union Pioneer is likely to outperform the market. At this point, Union Pioneer Public has a negative expected return of -0.15%. Please make sure to validate Union Pioneer's treynor ratio, potential upside, and the relationship between the total risk alpha and maximum drawdown , to decide if Union Pioneer Public performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.55 |
Modest predictability
Union Pioneer Public has modest predictability. Overlapping area represents the amount of predictability between Union Pioneer time series from 26th of December 2024 to 10th of January 2025 and 10th of January 2025 to 25th of January 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 Pioneer Public price movement. The serial correlation of 0.55 indicates that about 55.0% of current Union Pioneer price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.55 | |
| Spearman Rank Test | 0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 0.65 |
Union Pioneer Public lagged returns against current returns
Autocorrelation, which is Union Pioneer 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 Pioneer's stock expected returns. We can calculate the autocorrelation of Union Pioneer returns to help us make a trade decision. For example, suppose you find that Union Pioneer 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 Pioneer 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 Pioneer stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Union Pioneer stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Union Pioneer stock over time.
Current vs Lagged Prices |
| Timeline |
Union Pioneer Lagged Returns
When evaluating Union Pioneer's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Union Pioneer stock have on its future price. Union Pioneer 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 Pioneer autocorrelation shows the relationship between Union Pioneer stock current value and its past values and can show if there is a momentum factor associated with investing in Union Pioneer Public.
Regressed Prices |
| Timeline |
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Union Pioneer 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 Pioneer security.