United Radiant (Taiwan) Market Value
| 5315 Stock | TWD 22.30 0.15 0.67% |
| Symbol | United |
United Radiant '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 Radiant'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 Radiant.
| 05/30/2024 |
| 11/26/2024 |
If you would invest 0.00 in United Radiant on May 30, 2024 and sell it all today you would earn a total of 0.00 from holding United Radiant Technology or generate 0.0% return on investment in United Radiant over 180 days. United Radiant is related to or competes with Advantech, IEI Integration, Flytech Technology, and ADLINK Technology. More
United Radiant 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 Radiant'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 Radiant Technology upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.85 | |||
| Information Ratio | 0.0979 | |||
| Maximum Drawdown | 14.28 | |||
| Value At Risk | (3.13) | |||
| Potential Upside | 5.56 |
United Radiant Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for United Radiant's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as United Radiant's standard deviation. In reality, there are many statistical measures that can use United Radiant historical prices to predict the future United Radiant's volatility.| Risk Adjusted Performance | 0.1214 | |||
| Jensen Alpha | 0.3779 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.1312 | |||
| Treynor Ratio | (2.62) |
United Radiant Technology Backtested Returns
United Radiant appears to be not too volatile, given 3 months investment horizon. United Radiant Technology owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.15, which indicates the firm had a 0.15% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for United Radiant Technology, which you can use to evaluate the volatility of the company. Please review United Radiant's Coefficient Of Variation of 667.59, semi deviation of 1.29, and Risk Adjusted Performance of 0.1214 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, United Radiant holds a performance score of 11. The entity has a beta of -0.14, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning United Radiant are expected to decrease at a much lower rate. During the bear market, United Radiant is likely to outperform the market. Please check United Radiant's mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether United Radiant's existing price patterns will revert.
Auto-correlation | -0.82 |
Excellent reverse predictability
United Radiant Technology has excellent reverse predictability. Overlapping area represents the amount of predictability between United Radiant time series from 30th of May 2024 to 28th of August 2024 and 28th of August 2024 to 26th 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 Radiant Technology price movement. The serial correlation of -0.82 indicates that around 82.0% of current United Radiant price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.82 | |
| Spearman Rank Test | -0.72 | |
| Residual Average | 0.0 | |
| Price Variance | 2.13 |
United Radiant Technology lagged returns against current returns
Autocorrelation, which is United Radiant 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 Radiant's stock expected returns. We can calculate the autocorrelation of United Radiant returns to help us make a trade decision. For example, suppose you find that United Radiant 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 Radiant 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 Radiant stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if United Radiant stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in United Radiant stock over time.
Current vs Lagged Prices |
| Timeline |
United Radiant Lagged Returns
When evaluating United Radiant's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of United Radiant stock have on its future price. United Radiant 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 Radiant autocorrelation shows the relationship between United Radiant stock current value and its past values and can show if there is a momentum factor associated with investing in United Radiant Technology.
Regressed Prices |
| Timeline |
Pair Trading with United Radiant
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if United Radiant position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in United Radiant will appreciate offsetting losses from the drop in the long position's value.Moving together with United Stock
Moving against United Stock
| 0.77 | 2327 | Yageo Corp | PairCorr |
| 0.77 | 3023 | Sinbon Electronics | PairCorr |
| 0.75 | 4966 | Parade Technologies | PairCorr |
| 0.73 | 3008 | LARGAN Precision | PairCorr |
| 0.53 | 4938 | Pegatron Corp | PairCorr |
The ability to find closely correlated positions to United Radiant could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace United Radiant when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back United Radiant - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling United Radiant Technology to buy it.
The correlation of United Radiant is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as United Radiant moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if United Radiant Technology moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for United Radiant can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for United Stock Analysis
When running United Radiant's price analysis, check to measure United Radiant'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 Radiant is operating at the current time. Most of United Radiant's value examination focuses on studying past and present price action to predict the probability of United Radiant'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 Radiant's price. Additionally, you may evaluate how the addition of United Radiant to your portfolios can decrease your overall portfolio volatility.