UNIQUE (Malaysia) Market Value
| 0257 Stock | 0.40 0.01 2.56% |
| Symbol | UNIQUE |
Please note, there is a significant difference between UNIQUE's value and its price as these two are different measures arrived at by different means. Investors typically determine if UNIQUE is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, UNIQUE's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
UNIQUE '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 UNIQUE'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 UNIQUE.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in UNIQUE on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding UNIQUE or generate 0.0% return on investment in UNIQUE over 720 days. UNIQUE is related to or competes with Malayan Banking, Public Bank, Petronas Chemicals, Tenaga Nasional, IHH Healthcare, Hong Leong, and Press Metal. More
UNIQUE 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 UNIQUE'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 UNIQUE upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 13.82 | |||
| Value At Risk | (5.13) | |||
| Potential Upside | 6.06 |
UNIQUE Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for UNIQUE's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as UNIQUE's standard deviation. In reality, there are many statistical measures that can use UNIQUE historical prices to predict the future UNIQUE's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.60) | |||
| Treynor Ratio | (0.37) |
UNIQUE Backtested Returns
As of now, UNIQUE Stock is out of control. UNIQUE owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0557, which indicates the firm had a 0.0557% return per unit of volatility over the last 3 months. We have found twenty-two technical indicators for UNIQUE, which you can use to evaluate the volatility of the company. Please validate UNIQUE's risk adjusted performance of (0.02), and Variance of 13.12 to confirm if the risk estimate we provide is consistent with the expected return of 0.17%. UNIQUE has a performance score of 4 on a scale of 0 to 100. The entity has a beta of 0.34, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, UNIQUE's returns are expected to increase less than the market. However, during the bear market, the loss of holding UNIQUE is expected to be smaller as well. UNIQUE currently has a risk of 3.03%. Please validate UNIQUE market risk adjusted performance, coefficient of variation, information ratio, as well as the relationship between the mean deviation and standard deviation , to decide if UNIQUE will be following its existing price patterns.
Auto-correlation | 0.52 |
Modest predictability
UNIQUE has modest predictability. Overlapping area represents the amount of predictability between UNIQUE time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 to 22nd 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 UNIQUE price movement. The serial correlation of 0.52 indicates that about 52.0% of current UNIQUE price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.52 | |
| Spearman Rank Test | 0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
UNIQUE lagged returns against current returns
Autocorrelation, which is UNIQUE 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 UNIQUE's stock expected returns. We can calculate the autocorrelation of UNIQUE returns to help us make a trade decision. For example, suppose you find that UNIQUE 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 |
UNIQUE 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 UNIQUE stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if UNIQUE stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in UNIQUE stock over time.
Current vs Lagged Prices |
| Timeline |
UNIQUE Lagged Returns
When evaluating UNIQUE's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of UNIQUE stock have on its future price. UNIQUE 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, UNIQUE autocorrelation shows the relationship between UNIQUE stock current value and its past values and can show if there is a momentum factor associated with investing in UNIQUE.
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 UNIQUE Stock
UNIQUE financial ratios help investors to determine whether UNIQUE 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 UNIQUE with respect to the benefits of owning UNIQUE security.