Uniform Industrial (Taiwan) Market Value
| 2482 Stock | TWD 27.35 0.50 1.80% |
| Symbol | Uniform |
Uniform Industrial '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 Uniform Industrial'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 Uniform Industrial.
| 06/01/2024 |
| 11/28/2024 |
If you would invest 0.00 in Uniform Industrial on June 1, 2024 and sell it all today you would earn a total of 0.00 from holding Uniform Industrial Corp or generate 0.0% return on investment in Uniform Industrial over 180 days. Uniform Industrial is related to or competes with Zinwell, Senao International, AVerMedia Technologies, Gigastorage Corp, and Chenming Mold. Uniform Industrial Corporation provides professional design manufacture service for the cashless payment industry in Tai... More
Uniform Industrial 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 Uniform Industrial'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 Uniform Industrial Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 13.88 | |||
| Value At Risk | (3.13) | |||
| Potential Upside | 3.09 |
Uniform Industrial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Uniform Industrial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Uniform Industrial's standard deviation. In reality, there are many statistical measures that can use Uniform Industrial historical prices to predict the future Uniform Industrial's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | (0.50) | |||
| Treynor Ratio | (0.49) |
Uniform Industrial Corp Backtested Returns
Uniform Industrial Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0909, which indicates the firm had a -0.0909% return per unit of risk over the last 3 months. Uniform Industrial Corp exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Uniform Industrial's Risk Adjusted Performance of (0.04), variance of 5.69, and Coefficient Of Variation of (1,803) 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, Uniform Industrial's returns are expected to increase less than the market. However, during the bear market, the loss of holding Uniform Industrial is expected to be smaller as well. At this point, Uniform Industrial Corp has a negative expected return of -0.22%. Please make sure to validate Uniform Industrial's standard deviation, jensen alpha, and the relationship between the coefficient of variation and information ratio , to decide if Uniform Industrial Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.45 |
Average predictability
Uniform Industrial Corp has average predictability. Overlapping area represents the amount of predictability between Uniform Industrial time series from 1st of June 2024 to 30th of August 2024 and 30th of August 2024 to 28th 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 Uniform Industrial Corp price movement. The serial correlation of 0.45 indicates that just about 45.0% of current Uniform Industrial price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.45 | |
| Spearman Rank Test | 0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 2.03 |
Uniform Industrial Corp lagged returns against current returns
Autocorrelation, which is Uniform Industrial 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 Uniform Industrial's stock expected returns. We can calculate the autocorrelation of Uniform Industrial returns to help us make a trade decision. For example, suppose you find that Uniform Industrial 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 |
Uniform Industrial 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 Uniform Industrial stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Uniform Industrial stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Uniform Industrial stock over time.
Current vs Lagged Prices |
| Timeline |
Uniform Industrial Lagged Returns
When evaluating Uniform Industrial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Uniform Industrial stock have on its future price. Uniform Industrial 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, Uniform Industrial autocorrelation shows the relationship between Uniform Industrial stock current value and its past values and can show if there is a momentum factor associated with investing in Uniform Industrial Corp.
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 Uniform Stock Analysis
When running Uniform Industrial's price analysis, check to measure Uniform Industrial'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 Uniform Industrial is operating at the current time. Most of Uniform Industrial's value examination focuses on studying past and present price action to predict the probability of Uniform Industrial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Uniform Industrial's price. Additionally, you may evaluate how the addition of Uniform Industrial to your portfolios can decrease your overall portfolio volatility.