UJU Electronics (Korea) Market Value
| 065680 Stock | KRW 12,820 20.00 0.16% |
| Symbol | UJU |
UJU Electronics '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 UJU Electronics' 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 UJU Electronics.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in UJU Electronics on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding UJU Electronics Co or generate 0.0% return on investment in UJU Electronics over 30 days. UJU Electronics is related to or competes with Seoul Semiconductor, SFA Engineering, Busan Industrial, UNISEM, Finebesteel, Shinhan Inverse, and Hanwha Aerospace. UJU Electronics co., Ltd. develops and produces precision connectors and electronic components in South Korea. More
UJU Electronics 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 UJU Electronics' 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 UJU Electronics Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 18.37 | |||
| Value At Risk | (3.73) | |||
| Potential Upside | 4.73 |
UJU Electronics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for UJU Electronics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as UJU Electronics' standard deviation. In reality, there are many statistical measures that can use UJU Electronics historical prices to predict the future UJU Electronics' volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (0.47) | |||
| Treynor Ratio | (0.39) |
UJU Electronics Backtested Returns
UJU Electronics owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.2, which indicates the firm had a -0.2% return per unit of risk over the last 3 months. UJU Electronics Co exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate UJU Electronics' Coefficient Of Variation of (1,873), risk adjusted performance of (0.03), and Variance of 7.74 to confirm the risk estimate we provide. The entity has a beta of 0.41, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, UJU Electronics' returns are expected to increase less than the market. However, during the bear market, the loss of holding UJU Electronics is expected to be smaller as well. At this point, UJU Electronics has a negative expected return of -0.5%. Please make sure to validate UJU Electronics' maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to decide if UJU Electronics performance from the past will be repeated at some future point.
Auto-correlation | 0.66 |
Good predictability
UJU Electronics Co has good predictability. Overlapping area represents the amount of predictability between UJU Electronics time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 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 UJU Electronics price movement. The serial correlation of 0.66 indicates that around 66.0% of current UJU Electronics price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.66 | |
| Spearman Rank Test | 0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 607.7 K |
UJU Electronics lagged returns against current returns
Autocorrelation, which is UJU Electronics 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 UJU Electronics' stock expected returns. We can calculate the autocorrelation of UJU Electronics returns to help us make a trade decision. For example, suppose you find that UJU Electronics 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 |
UJU Electronics 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 UJU Electronics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if UJU Electronics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in UJU Electronics stock over time.
Current vs Lagged Prices |
| Timeline |
UJU Electronics Lagged Returns
When evaluating UJU Electronics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of UJU Electronics stock have on its future price. UJU Electronics 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, UJU Electronics autocorrelation shows the relationship between UJU Electronics stock current value and its past values and can show if there is a momentum factor associated with investing in UJU Electronics Co.
Regressed Prices |
| Timeline |
Pair Trading with UJU Electronics
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 UJU Electronics 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 UJU Electronics will appreciate offsetting losses from the drop in the long position's value.Moving together with UJU Stock
Moving against UJU Stock
The ability to find closely correlated positions to UJU Electronics could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace UJU Electronics 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 UJU Electronics - 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 UJU Electronics Co to buy it.
The correlation of UJU Electronics 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 UJU Electronics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if UJU Electronics 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 UJU Electronics 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 UJU Stock
UJU Electronics financial ratios help investors to determine whether UJU 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 UJU with respect to the benefits of owning UJU Electronics security.