Unimicron Technology (Taiwan) Market Value
| 3037 Stock | TWD 158.50 0.50 0.31% |
| Symbol | Unimicron |
Unimicron Technology '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 Unimicron Technology'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 Unimicron Technology.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Unimicron Technology on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Unimicron Technology Corp or generate 0.0% return on investment in Unimicron Technology over 30 days. Unimicron Technology is related to or competes with Nan Ya, Kinsus Interconnect, Novatek Microelectronics, LARGAN Precision, and Delta Electronics. Unimicron Technology Corporation engages in the development, manufacturing, processing, and sale of printed circuit boar... More
Unimicron Technology 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 Unimicron Technology'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 Unimicron Technology Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.49 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 12.09 | |||
| Value At Risk | (3.36) | |||
| Potential Upside | 4.84 |
Unimicron Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Unimicron Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Unimicron Technology's standard deviation. In reality, there are many statistical measures that can use Unimicron Technology historical prices to predict the future Unimicron Technology's volatility.| Risk Adjusted Performance | 0.0099 | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.40) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | (0) |
Unimicron Technology Corp Backtested Returns
Unimicron Technology Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0098, which indicates the firm had a -0.0098% return per unit of risk over the last 3 months. Unimicron Technology Corp exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Unimicron Technology's Coefficient Of Variation of 27344.65, semi deviation of 2.25, and Risk Adjusted Performance of 0.0099 to confirm the risk estimate we provide. The entity has a beta of 0.41, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Unimicron Technology's returns are expected to increase less than the market. However, during the bear market, the loss of holding Unimicron Technology is expected to be smaller as well. At this point, Unimicron Technology Corp has a negative expected return of -0.0258%. Please make sure to validate Unimicron Technology's downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to decide if Unimicron Technology Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.41 |
Modest reverse predictability
Unimicron Technology Corp has modest reverse predictability. Overlapping area represents the amount of predictability between Unimicron Technology time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 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 Unimicron Technology Corp price movement. The serial correlation of -0.41 indicates that just about 41.0% of current Unimicron Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.41 | |
| Spearman Rank Test | -0.66 | |
| Residual Average | 0.0 | |
| Price Variance | 14.98 |
Unimicron Technology Corp lagged returns against current returns
Autocorrelation, which is Unimicron Technology 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 Unimicron Technology's stock expected returns. We can calculate the autocorrelation of Unimicron Technology returns to help us make a trade decision. For example, suppose you find that Unimicron Technology 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 |
Unimicron Technology 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 Unimicron Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Unimicron Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Unimicron Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Unimicron Technology Lagged Returns
When evaluating Unimicron Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Unimicron Technology stock have on its future price. Unimicron Technology 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, Unimicron Technology autocorrelation shows the relationship between Unimicron Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Unimicron Technology 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 Unimicron Stock Analysis
When running Unimicron Technology's price analysis, check to measure Unimicron Technology'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 Unimicron Technology is operating at the current time. Most of Unimicron Technology's value examination focuses on studying past and present price action to predict the probability of Unimicron Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Unimicron Technology's price. Additionally, you may evaluate how the addition of Unimicron Technology to your portfolios can decrease your overall portfolio volatility.