U Ming (Taiwan) Market Value
| 2606 Stock | TWD 61.20 1.00 1.66% |
| Symbol | 2606 |
U Ming '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 U Ming'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 U Ming.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in U Ming on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding U Ming Marine Transport or generate 0.0% return on investment in U Ming over 30 days. U Ming is related to or competes with Sunny Friend, Taiwan Secom, TTET Union, ECOVE Environment, and Yulon Finance. U-Ming Marine Transport Corporation, together with its subsidiaries, engages in the marine transportation business world... More
U Ming 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 U Ming'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 U Ming Marine Transport upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.3 | |||
| Information Ratio | 0.0961 | |||
| Maximum Drawdown | 7.36 | |||
| Value At Risk | (2.07) | |||
| Potential Upside | 2.01 |
U Ming Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for U Ming's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as U Ming's standard deviation. In reality, there are many statistical measures that can use U Ming historical prices to predict the future U Ming's volatility.| Risk Adjusted Performance | 0.1429 | |||
| Jensen Alpha | 0.2037 | |||
| Total Risk Alpha | 0.0558 | |||
| Sortino Ratio | 0.094 | |||
| Treynor Ratio | 1.21 |
U Ming Marine Backtested Returns
U Ming appears to be very steady, given 3 months investment horizon. U Ming Marine owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.16, which indicates the company had a 0.16% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for U Ming Marine Transport, which you can use to evaluate the volatility of the entity. Please review U Ming's Downside Deviation of 1.3, risk adjusted performance of 0.1429, and Market Risk Adjusted Performance of 1.22 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, U Ming holds a performance score of 12. The firm has a beta of 0.18, which indicates not very significant fluctuations relative to the market. As returns on the market increase, U Ming's returns are expected to increase less than the market. However, during the bear market, the loss of holding U Ming is expected to be smaller as well. Please check U Ming's coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to make a quick decision on whether U Ming's existing price patterns will revert.
Auto-correlation | 0.88 |
Very good predictability
U Ming Marine Transport has very good predictability. Overlapping area represents the amount of predictability between U Ming time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 U Ming Marine price movement. The serial correlation of 0.88 indicates that approximately 88.0% of current U Ming price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.88 | |
| Spearman Rank Test | 0.88 | |
| Residual Average | 0.0 | |
| Price Variance | 2.11 |
U Ming Marine lagged returns against current returns
Autocorrelation, which is U Ming 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 U Ming's stock expected returns. We can calculate the autocorrelation of U Ming returns to help us make a trade decision. For example, suppose you find that U Ming 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 |
U Ming 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 U Ming stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if U Ming stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in U Ming stock over time.
Current vs Lagged Prices |
| Timeline |
U Ming Lagged Returns
When evaluating U Ming's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of U Ming stock have on its future price. U Ming 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, U Ming autocorrelation shows the relationship between U Ming stock current value and its past values and can show if there is a momentum factor associated with investing in U Ming Marine Transport.
Regressed Prices |
| Timeline |
Also Currently Popular
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 2606 Stock Analysis
When running U Ming's price analysis, check to measure U Ming'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 U Ming is operating at the current time. Most of U Ming's value examination focuses on studying past and present price action to predict the probability of U Ming's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move U Ming's price. Additionally, you may evaluate how the addition of U Ming to your portfolios can decrease your overall portfolio volatility.