Unisplendour Corp (China) Market Value
| 000938 Stock | 25.35 0.41 1.64% |
| Symbol | Unisplendour |
Unisplendour Corp '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 Unisplendour Corp'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 Unisplendour Corp.
| 06/02/2024 |
| 11/29/2024 |
If you would invest 0.00 in Unisplendour Corp on June 2, 2024 and sell it all today you would earn a total of 0.00 from holding Unisplendour Corp or generate 0.0% return on investment in Unisplendour Corp over 180 days. Unisplendour Corp is related to or competes with Xinjiang Communications, Zoy Home, Suofeiya Home, Sunwave Communications, Guangdong Shenglu, Beijing Bewinner, and Nanjing OLO. Unisplendour Corp is entity of China. It is traded as Stock on SHE exchange. More
Unisplendour Corp 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 Unisplendour Corp'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 Unisplendour Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.02 | |||
| Information Ratio | 0.0888 | |||
| Maximum Drawdown | 15.96 | |||
| Value At Risk | (5.62) | |||
| Potential Upside | 8.06 |
Unisplendour Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Unisplendour Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Unisplendour Corp's standard deviation. In reality, there are many statistical measures that can use Unisplendour Corp historical prices to predict the future Unisplendour Corp's volatility.| Risk Adjusted Performance | 0.1038 | |||
| Jensen Alpha | 0.4225 | |||
| Total Risk Alpha | (0.1) | |||
| Sortino Ratio | 0.1007 | |||
| Treynor Ratio | (16.72) |
Unisplendour Corp Backtested Returns
Unisplendour Corp appears to be not too volatile, given 3 months investment horizon. Unisplendour Corp 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 Unisplendour Corp's technical indicators, you can evaluate if the expected return of 0.55% is justified by implied risk. Please review Unisplendour Corp's Semi Deviation of 2.58, coefficient of variation of 797.56, and Risk Adjusted Performance of 0.1038 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Unisplendour Corp holds a performance score of 12. The entity has a beta of -0.0251, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Unisplendour Corp are expected to decrease at a much lower rate. During the bear market, Unisplendour Corp is likely to outperform the market. Please check Unisplendour Corp's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether Unisplendour Corp's existing price patterns will revert.
Auto-correlation | -0.3 |
Weak reverse predictability
Unisplendour Corp has weak reverse predictability. Overlapping area represents the amount of predictability between Unisplendour Corp time series from 2nd of June 2024 to 31st of August 2024 and 31st of August 2024 to 29th of November 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 Unisplendour Corp price movement. The serial correlation of -0.3 indicates that nearly 30.0% of current Unisplendour Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.3 | |
| Spearman Rank Test | -0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 10.74 |
Unisplendour Corp lagged returns against current returns
Autocorrelation, which is Unisplendour Corp 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 Unisplendour Corp's stock expected returns. We can calculate the autocorrelation of Unisplendour Corp returns to help us make a trade decision. For example, suppose you find that Unisplendour Corp 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 |
Unisplendour Corp 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 Unisplendour Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Unisplendour Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Unisplendour Corp stock over time.
Current vs Lagged Prices |
| Timeline |
Unisplendour Corp Lagged Returns
When evaluating Unisplendour Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Unisplendour Corp stock have on its future price. Unisplendour Corp 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, Unisplendour Corp autocorrelation shows the relationship between Unisplendour Corp stock current value and its past values and can show if there is a momentum factor associated with investing in Unisplendour Corp.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Unisplendour Stock
Unisplendour Corp financial ratios help investors to determine whether Unisplendour 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 Unisplendour with respect to the benefits of owning Unisplendour Corp security.