Union Insurance (Taiwan) Market Value
| 2816 Stock | TWD 31.90 0.10 0.31% |
| Symbol | Union |
Union Insurance '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 Union Insurance'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 Union Insurance.
| 11/02/2024 |
| 12/02/2024 |
If you would invest 0.00 in Union Insurance on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding Union Insurance Co or generate 0.0% return on investment in Union Insurance over 30 days. Union Insurance is related to or competes with Shinkong Insurance, Central Reinsurance, Taiwan Fire, Taichung Commercial, and Kings Town. Union Insurance Co., Ltd. operates as an insurance company in Taiwan More
Union Insurance 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 Union Insurance'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 Union Insurance Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 7.07 | |||
| Value At Risk | (1.56) | |||
| Potential Upside | 1.22 |
Union Insurance Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Union Insurance's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Union Insurance's standard deviation. In reality, there are many statistical measures that can use Union Insurance historical prices to predict the future Union Insurance's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.30) | |||
| Treynor Ratio | (0.40) |
Union Insurance Backtested Returns
Union Insurance owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0502, which indicates the firm had a -0.0502% return per unit of risk over the last 3 months. Union Insurance Co exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Union Insurance's Coefficient Of Variation of (1,079), risk adjusted performance of (0.07), and Variance of 1.25 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, Union Insurance's returns are expected to increase less than the market. However, during the bear market, the loss of holding Union Insurance is expected to be smaller as well. At this point, Union Insurance has a negative expected return of -0.055%. Please make sure to validate Union Insurance's mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Union Insurance performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.29 |
Weak reverse predictability
Union Insurance Co has weak reverse predictability. Overlapping area represents the amount of predictability between Union Insurance time series from 2nd of November 2024 to 17th of November 2024 and 17th of November 2024 to 2nd of December 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 Union Insurance price movement. The serial correlation of -0.29 indicates that nearly 29.0% of current Union Insurance price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.29 | |
| Spearman Rank Test | -0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
Union Insurance lagged returns against current returns
Autocorrelation, which is Union Insurance 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 Union Insurance's stock expected returns. We can calculate the autocorrelation of Union Insurance returns to help us make a trade decision. For example, suppose you find that Union Insurance 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 |
Union Insurance 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 Union Insurance stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Union Insurance stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Union Insurance stock over time.
Current vs Lagged Prices |
| Timeline |
Union Insurance Lagged Returns
When evaluating Union Insurance's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Union Insurance stock have on its future price. Union Insurance 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, Union Insurance autocorrelation shows the relationship between Union Insurance stock current value and its past values and can show if there is a momentum factor associated with investing in Union Insurance Co.
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 Union Stock Analysis
When running Union Insurance's price analysis, check to measure Union Insurance'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 Union Insurance is operating at the current time. Most of Union Insurance's value examination focuses on studying past and present price action to predict the probability of Union Insurance's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Union Insurance's price. Additionally, you may evaluate how the addition of Union Insurance to your portfolios can decrease your overall portfolio volatility.