Unisem M's market value is the price at which a share of Unisem M trades on a public exchange. It measures the collective expectations of Unisem M Bhd investors about its performance. Unisem M is selling for 2.93 as of the 23rd of November 2024. This is a 1.38 percent increase since the beginning of the trading day. The stock's lowest day price was 2.91. With this module, you can estimate the performance of a buy and hold strategy of Unisem M Bhd and determine expected loss or profit from investing in Unisem M over a given investment horizon. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Symbol
Unisem
Unisem M '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 Unisem M'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 Unisem M.
0.00
11/29/2023
No Change 0.00
0.0
In 11 months and 27 days
11/23/2024
0.00
If you would invest 0.00 in Unisem M on November 29, 2023 and sell it all today you would earn a total of 0.00 from holding Unisem M Bhd or generate 0.0% return on investment in Unisem M over 360 days.
Unisem M 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 Unisem M'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 Unisem M Bhd upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Unisem M's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Unisem M's standard deviation. In reality, there are many statistical measures that can use Unisem M historical prices to predict the future Unisem M's volatility.
Unisem M Bhd owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0669, which indicates the firm had a -0.0669% return per unit of risk over the last 3 months. Unisem M Bhd exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Unisem M's Coefficient Of Variation of (956.20), risk adjusted performance of (0.07), and Variance of 5.54 to confirm the risk estimate we provide. The entity has a beta of 0.54, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Unisem M's returns are expected to increase less than the market. However, during the bear market, the loss of holding Unisem M is expected to be smaller as well. At this point, Unisem M Bhd has a negative expected return of -0.15%. Please make sure to validate Unisem M's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Unisem M Bhd performance from the past will be repeated at some point in the near future.
Auto-correlation
-0.64
Very good reverse predictability
Unisem M Bhd has very good reverse predictability. Overlapping area represents the amount of predictability between Unisem M time series from 29th of November 2023 to 27th of May 2024 and 27th of May 2024 to 23rd 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 Unisem M Bhd price movement. The serial correlation of -0.64 indicates that roughly 64.0% of current Unisem M price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.64
Spearman Rank Test
-0.72
Residual Average
0.0
Price Variance
0.23
Unisem M Bhd lagged returns against current returns
Autocorrelation, which is Unisem M 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 Unisem M's stock expected returns. We can calculate the autocorrelation of Unisem M returns to help us make a trade decision. For example, suppose you find that Unisem M 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
Unisem M 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 Unisem M stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Unisem M stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Unisem M stock over time.
Current vs Lagged Prices
Timeline
Unisem M Lagged Returns
When evaluating Unisem M's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Unisem M stock have on its future price. Unisem M 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, Unisem M autocorrelation shows the relationship between Unisem M stock current value and its past values and can show if there is a momentum factor associated with investing in Unisem M Bhd.
Regressed Prices
Timeline
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