UniTest Incorporation Stock Forward View
| 086390 Stock | KRW 20,300 100.00 0.50% |
UniTest Stock outlook is based on your current time horizon. Investors can use this forecasting interface to forecast UniTest Incorporation stock prices and determine the direction of UniTest Incorporation's future trends based on various well-known forecasting models. We suggest always using this module together with an analysis of UniTest Incorporation's historical fundamentals, such as revenue growth or operating cash flow patterns.
The value of RSI of UniTest Incorporation's stock price is about 66. This suggests that the stock is rather overbought by investors as of today. The main point of the Relative Strength Index (RSI) is to track how fast people are buying or selling UniTest, making its price go up or down. Momentum 66
Buy Stretched
Oversold | Overbought |
Using UniTest Incorporation hype-based prediction, you can estimate the value of UniTest Incorporation from the perspective of UniTest Incorporation response to recently generated media hype and the effects of current headlines on its competitors.
The Naive Prediction forecasted value of UniTest Incorporation on the next trading day is expected to be 22,100 with a mean absolute deviation of 579.48 and the sum of the absolute errors of 35,348. UniTest Incorporation after-hype prediction price | KRW 20300.0 |
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
UniTest |
UniTest Incorporation Additional Predictive Modules
Most predictive techniques to examine UniTest price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for UniTest using various technical indicators. When you analyze UniTest charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
UniTest Incorporation Naive Prediction Price Forecast For the 20th of February
Given 90 days horizon, the Naive Prediction forecasted value of UniTest Incorporation on the next trading day is expected to be 22,100 with a mean absolute deviation of 579.48, mean absolute percentage error of 659,044, and the sum of the absolute errors of 35,348.Please note that although there have been many attempts to predict UniTest Stock prices using its time series forecasting, we generally do not suggest using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that UniTest Incorporation's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
UniTest Incorporation Stock Forecast Pattern
| Backtest UniTest Incorporation | UniTest Incorporation Price Prediction | Research Analysis |
UniTest Incorporation Forecasted Value
In the context of forecasting UniTest Incorporation's Stock value on the next trading day, we examine the predictive performance of the model to find good statistically significant boundaries of downside and upside scenarios. UniTest Incorporation's downside and upside margins for the forecasting period are 22,094 and 22,106, respectively. We have considered UniTest Incorporation's daily market price to evaluate the above model's predictive performance. Remember, however, there is no scientific proof or empirical evidence that traditional linear or nonlinear forecasting models outperform artificial intelligence and frequency domain models to provide accurate forecasts consistently.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Naive Prediction forecasting method's relative quality and the estimations of the prediction error of UniTest Incorporation stock data series using in forecasting. Note that when a statistical model is used to represent UniTest Incorporation stock, the representation will rarely be exact; so some information will be lost using the model to explain the process. AIC estimates the relative amount of information lost by a given model: the less information a model loses, the higher its quality.| AIC | Akaike Information Criteria | 131.509 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 579.4828 |
| MAPE | Mean absolute percentage error | 0.0385 |
| SAE | Sum of the absolute errors | 35348.4487 |
Predictive Modules for UniTest Incorporation
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as UniTest Incorporation. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.UniTest Incorporation After-Hype Price Density Analysis
As far as predicting the price of UniTest Incorporation at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in UniTest Incorporation or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Stock prices, such as prices of UniTest Incorporation, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
UniTest Incorporation Estimiated After-Hype Price Volatility
In the context of predicting UniTest Incorporation's stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on UniTest Incorporation's historical news coverage. UniTest Incorporation's after-hype downside and upside margins for the prediction period are 20,294 and 20,306, respectively. We have considered UniTest Incorporation's daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models compare with traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
UniTest Incorporation is very steady at this time. Analysis and calculation of next after-hype price of UniTest Incorporation is based on 3 months time horizon.
UniTest Incorporation Stock Price Outlook Analysis
Have you ever been surprised when a price of a Company such as UniTest Incorporation is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading UniTest Incorporation backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Stock price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with UniTest Incorporation, there might be something going there, and it might present an excellent short sale opportunity.
| Expected Return | Period Volatility | Hype Elasticity | Related Elasticity | News Density | Related Density | Expected Hype |
0.88 | 5.92 | 0.00 | 0.00 | 0 Events / Month | 0 Events / Month | In 5 to 10 days |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | |
20,300 | 20,300 | 0.00 |
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UniTest Incorporation Hype Timeline
UniTest Incorporation is presently traded for 20,300on KOSDAQ of Korea. The entity stock is not elastic to its hype. The average elasticity to hype of competition is 0.0. UniTest is forecasted not to react to the next headline, with the price staying at about the same level, and average media hype impact volatility is insignificant. The immediate return on the next news is forecasted to be very small, whereas the daily expected return is presently at 0.88%. %. The volatility of related hype on UniTest Incorporation is about 0.0%, with the expected price after the next announcement by competition of 20,300. About 21.0% of the company shares are owned by insiders or employees . The company had not issued any dividends in recent years. UniTest Incorporation had 971:858 split on the 4th of August 2010. Assuming the 90 days trading horizon the next forecasted press release will be in 5 to 10 days. Check out Historical Fundamental Analysis of UniTest Incorporation to cross-verify your projections.UniTest Incorporation Related Hype Analysis
Having access to credible news sources related to UniTest Incorporation's direct competition is more important than ever and may enhance your ability to predict UniTest Incorporation's future price movements. Getting to know how UniTest Incorporation's peers react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how UniTest Incorporation may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| 046890 | Seoul Semiconductor Co | 0.00 | 0 per month | 1.95 | 0.09 | 3.65 | (2.51) | 17.65 | |
| 033640 | Nepes | 0.00 | 0 per month | 3.62 | 0.02 | 6.88 | (5.70) | 17.97 | |
| 039440 | STI Co | 0.00 | 0 per month | 3.48 | 0.15 | 7.66 | (5.99) | 23.78 | |
| 031330 | SAMT Co | 0.00 | 0 per month | 2.09 | 0.11 | 5.69 | (4.27) | 19.16 | |
| 036200 | UNISEM Co | 0.00 | 0 per month | 0.00 | (0.01) | 7.14 | (6.00) | 22.30 | |
| 101160 | Worldex Industry Trading | 0.00 | 0 per month | 2.76 | (0) | 4.95 | (3.73) | 11.26 | |
| 061970 | LB Semicon | 0.00 | 0 per month | 0.00 | (0.04) | 4.62 | (5.11) | 16.96 | |
| 265520 | Advanced Process Systems | 0.00 | 0 per month | 2.63 | 0.06 | 5.18 | (5.12) | 19.69 |
Other Forecasting Options for UniTest Incorporation
For every potential investor in UniTest, whether a beginner or expert, UniTest Incorporation's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. UniTest Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in UniTest. Basic forecasting techniques help filter out the noise by identifying UniTest Incorporation's price trends.UniTest Incorporation Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with UniTest Incorporation stock to make a market-neutral strategy. Peer analysis of UniTest Incorporation could also be used in its relative valuation, which is a method of valuing UniTest Incorporation by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
UniTest Incorporation Market Strength Events
Market strength indicators help investors to evaluate how UniTest Incorporation stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading UniTest Incorporation shares will generate the highest return on investment. By undertsting and applying UniTest Incorporation stock market strength indicators, traders can identify UniTest Incorporation entry and exit signals to maximize returns.
UniTest Incorporation Risk Indicators
The analysis of UniTest Incorporation's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in UniTest Incorporation's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting unitest stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 3.57 | |||
| Semi Deviation | 3.82 | |||
| Standard Deviation | 5.89 | |||
| Variance | 34.66 | |||
| Downside Variance | 18.38 | |||
| Semi Variance | 14.59 | |||
| Expected Short fall | (3.94) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Story Coverage note for UniTest Incorporation
The number of cover stories for UniTest Incorporation depends on current market conditions and UniTest Incorporation's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that UniTest Incorporation is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about UniTest Incorporation's long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.
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UniTest Incorporation Short Properties
UniTest Incorporation's future price predictability will typically decrease when UniTest Incorporation's long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of UniTest Incorporation often depends not only on the future outlook of the potential UniTest Incorporation's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. UniTest Incorporation's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 20.3 M | |
| Cash And Short Term Investments | 54.3 B |
Other Information on Investing in UniTest Stock
UniTest Incorporation financial ratios help investors to determine whether UniTest 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 UniTest with respect to the benefits of owning UniTest Incorporation security.