Universal (Taiwan) Market Value
| 1325 Stock | TWD 26.95 0.05 0.19% |
| Symbol | Universal |
Universal '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 Universal'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 Universal.
| 11/06/2023 |
| 11/30/2024 |
If you would invest 0.00 in Universal on November 6, 2023 and sell it all today you would earn a total of 0.00 from holding Universal or generate 0.0% return on investment in Universal over 390 days. Universal is related to or competes with Chaintech Technology, AVerMedia Technologies, Avision, Clevo, and Elitegroup Computer. Universal Incorporation manufactures and sells non-woven fabrics and medical face masks in Taiwan More
Universal 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 Universal'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 Universal upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 6.98 | |||
| Value At Risk | (2.13) | |||
| Potential Upside | 3.23 |
Universal Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Universal's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Universal's standard deviation. In reality, there are many statistical measures that can use Universal historical prices to predict the future Universal's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.21) | |||
| Total Risk Alpha | (0.43) | |||
| Treynor Ratio | (0.66) |
Universal Backtested Returns
Universal owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0729, which indicates the firm had a -0.0729% return per unit of risk over the last 3 months. Universal exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Universal's Risk Adjusted Performance of (0.08), coefficient of variation of (891.29), and Variance of 2.26 to confirm the risk estimate we provide. The entity has a beta of 0.27, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Universal's returns are expected to increase less than the market. However, during the bear market, the loss of holding Universal is expected to be smaller as well. At this point, Universal has a negative expected return of -0.11%. Please make sure to validate Universal's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Universal performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.41 |
Average predictability
Universal has average predictability. Overlapping area represents the amount of predictability between Universal time series from 6th of November 2023 to 19th of May 2024 and 19th of May 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 Universal price movement. The serial correlation of 0.41 indicates that just about 41.0% of current Universal price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.41 | |
| Spearman Rank Test | 0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 6.18 |
Universal lagged returns against current returns
Autocorrelation, which is Universal 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 Universal's stock expected returns. We can calculate the autocorrelation of Universal returns to help us make a trade decision. For example, suppose you find that Universal 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 |
Universal 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 Universal stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Universal stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Universal stock over time.
Current vs Lagged Prices |
| Timeline |
Universal Lagged Returns
When evaluating Universal's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Universal stock have on its future price. Universal 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, Universal autocorrelation shows the relationship between Universal stock current value and its past values and can show if there is a momentum factor associated with investing in Universal.
Regressed Prices |
| Timeline |
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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.Additional Tools for Universal Stock Analysis
When running Universal's price analysis, check to measure Universal's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Universal is operating at the current time. Most of Universal's value examination focuses on studying past and present price action to predict the probability of Universal's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Universal's price. Additionally, you may evaluate how the addition of Universal to your portfolios can decrease your overall portfolio volatility.