Universal Textile (Taiwan) Market Value

1445 Stock  TWD 17.75  0.35  2.01%   
Universal Textile's market value is the price at which a share of Universal Textile trades on a public exchange. It measures the collective expectations of Universal Textile Co investors about its performance. Universal Textile is selling for under 17.75 as of the 27th of November 2024; that is 2.01 percent increase since the beginning of the trading day. The stock's lowest day price was 17.2.
With this module, you can estimate the performance of a buy and hold strategy of Universal Textile Co and determine expected loss or profit from investing in Universal Textile over a given investment horizon. Check out Universal Textile Correlation, Universal Textile Volatility and Universal Textile Alpha and Beta module to complement your research on Universal Textile.
Symbol

Please note, there is a significant difference between Universal Textile's value and its price as these two are different measures arrived at by different means. Investors typically determine if Universal Textile is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Universal Textile'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.

Universal Textile '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 Textile'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 Textile.
0.00
12/08/2022
No Change 0.00  0.0 
In 1 year 11 months and 22 days
11/27/2024
0.00
If you would invest  0.00  in Universal Textile on December 8, 2022 and sell it all today you would earn a total of 0.00 from holding Universal Textile Co or generate 0.0% return on investment in Universal Textile over 720 days. Universal Textile is related to or competes with Yulon Finance, Taiwan Secom, Pou Chen, and Great Wall. Universal Textile Co., Ltd. manufactures and sells fabrics in Taiwan More

Universal Textile 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 Textile'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 Textile Co upside and downside potential and time the market with a certain degree of confidence.

Universal Textile Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Universal Textile's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Universal Textile's standard deviation. In reality, there are many statistical measures that can use Universal Textile historical prices to predict the future Universal Textile's volatility.
Hype
Prediction
LowEstimatedHigh
16.4117.7519.09
Details
Intrinsic
Valuation
LowRealHigh
13.7415.0819.53
Details
Naive
Forecast
LowNextHigh
16.4317.7719.11
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
16.9617.5018.04
Details

Universal Textile Backtested Returns

Universal Textile owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0953, which indicates the firm had a -0.0953% return per unit of risk over the last 3 months. Universal Textile Co exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Universal Textile's Variance of 1.8, risk adjusted performance of (0.08), and Coefficient Of Variation of (950.23) to confirm the risk estimate we provide. The entity has a beta of -0.14, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Universal Textile are expected to decrease at a much lower rate. During the bear market, Universal Textile is likely to outperform the market. At this point, Universal Textile has a negative expected return of -0.13%. Please make sure to validate Universal Textile's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Universal Textile performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  -0.32  

Poor reverse predictability

Universal Textile Co has poor reverse predictability. Overlapping area represents the amount of predictability between Universal Textile time series from 8th of December 2022 to 3rd of December 2023 and 3rd of December 2023 to 27th 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 Textile price movement. The serial correlation of -0.32 indicates that nearly 32.0% of current Universal Textile price fluctuation can be explain by its past prices.
Correlation Coefficient-0.32
Spearman Rank Test-0.51
Residual Average0.0
Price Variance5.52

Universal Textile lagged returns against current returns

Autocorrelation, which is Universal Textile 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 Textile's stock expected returns. We can calculate the autocorrelation of Universal Textile returns to help us make a trade decision. For example, suppose you find that Universal Textile 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 Textile 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 Textile stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Universal Textile stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Universal Textile stock over time.
   Current vs Lagged Prices   
       Timeline  

Universal Textile Lagged Returns

When evaluating Universal Textile's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Universal Textile stock have on its future price. Universal Textile 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 Textile autocorrelation shows the relationship between Universal Textile stock current value and its past values and can show if there is a momentum factor associated with investing in Universal Textile Co.
   Regressed Prices   
       Timeline  

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Additional Tools for Universal Stock Analysis

When running Universal Textile's price analysis, check to measure Universal Textile'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 Textile is operating at the current time. Most of Universal Textile's value examination focuses on studying past and present price action to predict the probability of Universal Textile'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 Textile's price. Additionally, you may evaluate how the addition of Universal Textile to your portfolios can decrease your overall portfolio volatility.