Ubiquoss Holdings (Korea) Market Value
| 078070 Stock | KRW 9,610 10.00 0.10% |
| Symbol | Ubiquoss |
Ubiquoss Holdings '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 Ubiquoss Holdings' 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 Ubiquoss Holdings.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Ubiquoss Holdings on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Ubiquoss Holdings or generate 0.0% return on investment in Ubiquoss Holdings over 30 days. Ubiquoss Holdings is related to or competes with SS TECH, RFTech, Automobile, Orbitech, Mobileleader CoLtd, Vitzro Tech, and Woori Technology. Ubiquoss Holdings Inc. manufactures and sells wired Internet data transmission equipment, such as Ethernet switch, FTTH ... More
Ubiquoss Holdings 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 Ubiquoss Holdings' 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 Ubiquoss Holdings upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 5.94 | |||
| Value At Risk | (1.76) | |||
| Potential Upside | 2.45 |
Ubiquoss Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ubiquoss Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ubiquoss Holdings' standard deviation. In reality, there are many statistical measures that can use Ubiquoss Holdings historical prices to predict the future Ubiquoss Holdings' volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.30) | |||
| Treynor Ratio | (0.34) |
Ubiquoss Holdings Backtested Returns
Ubiquoss Holdings owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0757, which indicates the firm had a -0.0757% return per unit of risk over the last 3 months. Ubiquoss Holdings exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Ubiquoss Holdings' Coefficient Of Variation of (1,320), variance of 1.39, and Risk Adjusted Performance of (0.05) to confirm the risk estimate we provide. The entity has a beta of 0.29, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Ubiquoss Holdings' returns are expected to increase less than the market. However, during the bear market, the loss of holding Ubiquoss Holdings is expected to be smaller as well. At this point, Ubiquoss Holdings has a negative expected return of -0.092%. Please make sure to validate Ubiquoss Holdings' market risk adjusted performance, coefficient of variation, jensen alpha, as well as the relationship between the mean deviation and standard deviation , to decide if Ubiquoss Holdings performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.19 |
Insignificant reverse predictability
Ubiquoss Holdings has insignificant reverse predictability. Overlapping area represents the amount of predictability between Ubiquoss Holdings 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 Ubiquoss Holdings price movement. The serial correlation of -0.19 indicates that over 19.0% of current Ubiquoss Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.19 | |
| Spearman Rank Test | 0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 13.5 K |
Ubiquoss Holdings lagged returns against current returns
Autocorrelation, which is Ubiquoss Holdings 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 Ubiquoss Holdings' stock expected returns. We can calculate the autocorrelation of Ubiquoss Holdings returns to help us make a trade decision. For example, suppose you find that Ubiquoss Holdings 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 |
Ubiquoss Holdings 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 Ubiquoss Holdings stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ubiquoss Holdings stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ubiquoss Holdings stock over time.
Current vs Lagged Prices |
| Timeline |
Ubiquoss Holdings Lagged Returns
When evaluating Ubiquoss Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ubiquoss Holdings stock have on its future price. Ubiquoss Holdings 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, Ubiquoss Holdings autocorrelation shows the relationship between Ubiquoss Holdings stock current value and its past values and can show if there is a momentum factor associated with investing in Ubiquoss Holdings.
Regressed Prices |
| Timeline |
Pair Trading with Ubiquoss Holdings
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 Ubiquoss Holdings 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 Ubiquoss Holdings will appreciate offsetting losses from the drop in the long position's value.Moving together with Ubiquoss Stock
Moving against Ubiquoss Stock
| 0.66 | 024110 | Industrial Bank | PairCorr |
| 0.62 | 105560 | KB Financial Group | PairCorr |
| 0.6 | 032830 | Samsung Life | PairCorr |
| 0.33 | 316140 | Woori Financial Group | PairCorr |
The ability to find closely correlated positions to Ubiquoss Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ubiquoss Holdings 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 Ubiquoss Holdings - 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 Ubiquoss Holdings to buy it.
The correlation of Ubiquoss Holdings 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 Ubiquoss Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ubiquoss Holdings 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 Ubiquoss Holdings 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 Ubiquoss Stock
Ubiquoss Holdings financial ratios help investors to determine whether Ubiquoss 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 Ubiquoss with respect to the benefits of owning Ubiquoss Holdings security.