U Media (Taiwan) Market Value
| 6470 Stock | 52.10 1.10 2.07% |
| Symbol | 6470 |
U Media '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 U Media'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 U Media.
| 09/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in U Media on September 28, 2024 and sell it all today you would earn a total of 0.00 from holding U Media Communications or generate 0.0% return on investment in U Media over 60 days. U Media is related to or competes with Mechema Chemicals, Grand Pacific, Taita Chemical, Phoenix Silicon, Tainet Communication, and Qualipoly Chemical. More
U Media 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 U Media'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 U Media Communications upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.66 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 9.1 | |||
| Value At Risk | (2.44) | |||
| Potential Upside | 3.42 |
U Media Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for U Media's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as U Media's standard deviation. In reality, there are many statistical measures that can use U Media historical prices to predict the future U Media's volatility.| Risk Adjusted Performance | 0.0452 | |||
| Jensen Alpha | 0.0469 | |||
| Total Risk Alpha | (0.20) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.2851 |
U Media Communications Backtested Returns
At this stage we consider 6470 Stock to be very steady. U Media Communications owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0494, which indicates the company had a 0.0494% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for U Media Communications, which you can use to evaluate the volatility of the entity. Please validate U Media's Market Risk Adjusted Performance of 0.2951, risk adjusted performance of 0.0452, and Downside Deviation of 1.66 to confirm if the risk estimate we provide is consistent with the expected return of 0.0892%. U Media has a performance score of 3 on a scale of 0 to 100. The firm has a beta of 0.29, which indicates not very significant fluctuations relative to the market. As returns on the market increase, U Media's returns are expected to increase less than the market. However, during the bear market, the loss of holding U Media is expected to be smaller as well. U Media Communications today has a risk of 1.8%. Please validate U Media standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if U Media will be following its existing price patterns.
Auto-correlation | 0.37 |
Below average predictability
U Media Communications has below average predictability. Overlapping area represents the amount of predictability between U Media time series from 28th of September 2024 to 28th of October 2024 and 28th of October 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 U Media Communications price movement. The serial correlation of 0.37 indicates that just about 37.0% of current U Media price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.37 | |
| Spearman Rank Test | 0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 2.32 |
U Media Communications lagged returns against current returns
Autocorrelation, which is U Media 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 U Media's stock expected returns. We can calculate the autocorrelation of U Media returns to help us make a trade decision. For example, suppose you find that U Media 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 |
U Media 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 U Media stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if U Media stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in U Media stock over time.
Current vs Lagged Prices |
| Timeline |
U Media Lagged Returns
When evaluating U Media's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of U Media stock have on its future price. U Media 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, U Media autocorrelation shows the relationship between U Media stock current value and its past values and can show if there is a momentum factor associated with investing in U Media Communications.
Regressed Prices |
| Timeline |
Pair Trading with U Media
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 U Media 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 U Media will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to U Media could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace U Media 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 U Media - 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 U Media Communications to buy it.
The correlation of U Media 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 U Media moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if U Media Communications 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 U Media 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 6470 Stock Analysis
When running U Media's price analysis, check to measure U Media'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 U Media is operating at the current time. Most of U Media's value examination focuses on studying past and present price action to predict the probability of U Media's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move U Media's price. Additionally, you may evaluate how the addition of U Media to your portfolios can decrease your overall portfolio volatility.