UIL (Korea) Market Value
| 049520 Stock | KRW 4,365 140.00 3.11% |
| Symbol | UIL |
UIL '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 UIL'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 UIL.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in UIL on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding UIL Co or generate 0.0% return on investment in UIL over 30 days. UIL is related to or competes with Husteel, Bookook Steel, Dongbu Steel, Value Added, Ilji Technology, Hankook Steel, and People Technology. UIL Co., Ltd. manufactures and sells electronic parts to smartphone manufacturers in South Korea and internationally More
UIL 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 UIL'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 UIL Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.30) | |||
| Maximum Drawdown | 10.38 | |||
| Value At Risk | (3.42) | |||
| Potential Upside | 2.75 |
UIL Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for UIL's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as UIL's standard deviation. In reality, there are many statistical measures that can use UIL historical prices to predict the future UIL's volatility.| Risk Adjusted Performance | (0.17) | |||
| Jensen Alpha | (0.48) | |||
| Total Risk Alpha | (0.79) | |||
| Treynor Ratio | (2.70) |
UIL Co Backtested Returns
UIL Co owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.2, which indicates the firm had a -0.2% return per unit of standard deviation over the last 3 months. UIL Co exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate UIL's variance of 3.9, and Risk Adjusted Performance of (0.17) to confirm the risk estimate we provide. The entity has a beta of 0.17, which indicates not very significant fluctuations relative to the market. As returns on the market increase, UIL's returns are expected to increase less than the market. However, during the bear market, the loss of holding UIL is expected to be smaller as well. At this point, UIL Co has a negative expected return of -0.41%. Please make sure to validate UIL's coefficient of variation, jensen alpha, treynor ratio, as well as the relationship between the standard deviation and total risk alpha , to decide if UIL Co performance from the past will be repeated at future time.
Auto-correlation | 0.29 |
Poor predictability
UIL Co has poor predictability. Overlapping area represents the amount of predictability between UIL time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 UIL Co price movement. The serial correlation of 0.29 indicates that nearly 29.0% of current UIL price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.29 | |
| Spearman Rank Test | 0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 6489.41 |
UIL Co lagged returns against current returns
Autocorrelation, which is UIL 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 UIL's stock expected returns. We can calculate the autocorrelation of UIL returns to help us make a trade decision. For example, suppose you find that UIL 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 |
UIL 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 UIL stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if UIL stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in UIL stock over time.
Current vs Lagged Prices |
| Timeline |
UIL Lagged Returns
When evaluating UIL's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of UIL stock have on its future price. UIL 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, UIL autocorrelation shows the relationship between UIL stock current value and its past values and can show if there is a momentum factor associated with investing in UIL Co.
Regressed Prices |
| Timeline |
Pair Trading with UIL
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if UIL position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in UIL will appreciate offsetting losses from the drop in the long position's value.Moving together with UIL Stock
| 0.89 | 254120 | Xavis | PairCorr |
| 0.9 | 353190 | Hurum | PairCorr |
| 0.61 | 336570 | Daishin Balance No8 | PairCorr |
| 0.69 | 034830 | Korea Real Estate | PairCorr |
| 0.66 | 030350 | Dragonfly GF Split | PairCorr |
The ability to find closely correlated positions to UIL could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace UIL when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back UIL - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling UIL Co to buy it.
The correlation of UIL is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as UIL moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if UIL Co moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for UIL can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in UIL Stock
UIL financial ratios help investors to determine whether UIL 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 UIL with respect to the benefits of owning UIL security.