United Renewable (Taiwan) Market Value
| 3576 Stock | TWD 10.70 0.10 0.94% |
| Symbol | United |
United Renewable '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 United Renewable'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 United Renewable.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in United Renewable on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding United Renewable Energy or generate 0.0% return on investment in United Renewable over 30 days. United Renewable is related to or competes with Sitronix Technology, Elan Microelectronics, and Holtek Semiconductor. United Renewable Energy Co., Ltd. engages in the research, design, development, manufacture, and sale of solar cells, so... More
United Renewable 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 United Renewable'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 United Renewable Energy upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 9.61 | |||
| Value At Risk | (3.24) | |||
| Potential Upside | 3.43 |
United Renewable Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for United Renewable's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as United Renewable's standard deviation. In reality, there are many statistical measures that can use United Renewable historical prices to predict the future United Renewable's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.41) | |||
| Treynor Ratio | 1.12 |
United Renewable Energy Backtested Returns
United Renewable Energy owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0859, which indicates the firm had a -0.0859% return per unit of risk over the last 3 months. United Renewable Energy exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate United Renewable's Coefficient Of Variation of (2,204), risk adjusted performance of (0.03), and Variance of 3.98 to confirm the risk estimate we provide. The entity has a beta of -0.0898, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning United Renewable are expected to decrease at a much lower rate. During the bear market, United Renewable is likely to outperform the market. At this point, United Renewable Energy has a negative expected return of -0.17%. Please make sure to validate United Renewable's mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if United Renewable Energy performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.77 |
Almost perfect reverse predictability
United Renewable Energy has almost perfect reverse predictability. Overlapping area represents the amount of predictability between United Renewable 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 United Renewable Energy price movement. The serial correlation of -0.77 indicates that around 77.0% of current United Renewable price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.77 | |
| Spearman Rank Test | -0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
United Renewable Energy lagged returns against current returns
Autocorrelation, which is United Renewable 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 United Renewable's stock expected returns. We can calculate the autocorrelation of United Renewable returns to help us make a trade decision. For example, suppose you find that United Renewable 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 |
United Renewable 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 United Renewable stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if United Renewable stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in United Renewable stock over time.
Current vs Lagged Prices |
| Timeline |
United Renewable Lagged Returns
When evaluating United Renewable's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of United Renewable stock have on its future price. United Renewable 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, United Renewable autocorrelation shows the relationship between United Renewable stock current value and its past values and can show if there is a momentum factor associated with investing in United Renewable Energy.
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 United Stock Analysis
When running United Renewable's price analysis, check to measure United Renewable'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 United Renewable is operating at the current time. Most of United Renewable's value examination focuses on studying past and present price action to predict the probability of United Renewable's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move United Renewable's price. Additionally, you may evaluate how the addition of United Renewable to your portfolios can decrease your overall portfolio volatility.