Universal Microelectronics (Taiwan) Market Value
| 2413 Stock | TWD 28.80 0.35 1.23% |
| Symbol | Universal |
Universal Microelectronics '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 Microelectronics' 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 Microelectronics.
| 10/25/2024 |
| 11/24/2024 |
If you would invest 0.00 in Universal Microelectronics on October 25, 2024 and sell it all today you would earn a total of 0.00 from holding Universal Microelectronics Co or generate 0.0% return on investment in Universal Microelectronics over 30 days. Universal Microelectronics is related to or competes with Genovate Biotechnology, Simplo Technology, Avalue Technology, Shiny Chemical, ALFORMER Industrial, Asmedia Technology, and HIM International. Universal Microelectronics Co., Ltd. designs, manufactures, and sells magnetic components, power supplies, information and communication componentsproducts, photonics equipment and components, and LCM and TV solutions worldwide. More
Universal Microelectronics 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 Microelectronics' 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 Microelectronics Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.81 | |||
| Information Ratio | 0.1163 | |||
| Maximum Drawdown | 16.63 | |||
| Value At Risk | (3.25) | |||
| Potential Upside | 9.92 |
Universal Microelectronics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Universal Microelectronics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Universal Microelectronics' standard deviation. In reality, there are many statistical measures that can use Universal Microelectronics historical prices to predict the future Universal Microelectronics' volatility.| Risk Adjusted Performance | 0.1267 | |||
| Jensen Alpha | 0.5216 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.1393 | |||
| Treynor Ratio | (6.61) |
Universal Microelectronics Backtested Returns
Universal Microelectronics appears to be not too volatile, given 3 months investment horizon. Universal Microelectronics owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.14, which indicates the firm had a 0.14% return per unit of risk over the last 3 months. We have found thirty technical indicators for Universal Microelectronics Co, which you can use to evaluate the volatility of the company. Please review Universal Microelectronics' Semi Deviation of 1.95, risk adjusted performance of 0.1267, and Coefficient Of Variation of 644.34 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Universal Microelectronics holds a performance score of 11. The entity has a beta of -0.0775, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Universal Microelectronics are expected to decrease at a much lower rate. During the bear market, Universal Microelectronics is likely to outperform the market. Please check Universal Microelectronics' downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Universal Microelectronics' existing price patterns will revert.
Auto-correlation | -0.57 |
Good reverse predictability
Universal Microelectronics Co has good reverse predictability. Overlapping area represents the amount of predictability between Universal Microelectronics time series from 25th of October 2024 to 9th of November 2024 and 9th of November 2024 to 24th 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 Microelectronics price movement. The serial correlation of -0.57 indicates that roughly 57.0% of current Universal Microelectronics price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.57 | |
| Spearman Rank Test | -0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 1.3 |
Universal Microelectronics lagged returns against current returns
Autocorrelation, which is Universal Microelectronics 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 Microelectronics' stock expected returns. We can calculate the autocorrelation of Universal Microelectronics returns to help us make a trade decision. For example, suppose you find that Universal Microelectronics 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 Microelectronics 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 Microelectronics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Universal Microelectronics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Universal Microelectronics stock over time.
Current vs Lagged Prices |
| Timeline |
Universal Microelectronics Lagged Returns
When evaluating Universal Microelectronics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Universal Microelectronics stock have on its future price. Universal Microelectronics 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 Microelectronics autocorrelation shows the relationship between Universal Microelectronics stock current value and its past values and can show if there is a momentum factor associated with investing in Universal Microelectronics Co.
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 Microelectronics' price analysis, check to measure Universal Microelectronics' 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 Microelectronics is operating at the current time. Most of Universal Microelectronics' value examination focuses on studying past and present price action to predict the probability of Universal Microelectronics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Universal Microelectronics' price. Additionally, you may evaluate how the addition of Universal Microelectronics to your portfolios can decrease your overall portfolio volatility.