Unimit Engineering (Thailand) Market Value
| UEC Stock | THB 1.25 0.02 1.63% |
| Symbol | Unimit |
Unimit Engineering '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 Unimit Engineering'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 Unimit Engineering.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in Unimit Engineering on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding Unimit Engineering Public or generate 0.0% return on investment in Unimit Engineering over 180 days. Unimit Engineering is related to or competes with Union Petrochemical, Ubis Public, Unique Mining, Eureka Design, and TV Thunder. Unimit Engineering Public Company Limited, together with its subsidiaries, engages in the design, shop fabrication, fiel... More
Unimit Engineering 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 Unimit Engineering'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 Unimit Engineering Public upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 11.08 | |||
| Value At Risk | (2.68) | |||
| Potential Upside | 2.1 |
Unimit Engineering Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Unimit Engineering's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Unimit Engineering's standard deviation. In reality, there are many statistical measures that can use Unimit Engineering historical prices to predict the future Unimit Engineering's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.10) | |||
| Total Risk Alpha | (0.40) | |||
| Treynor Ratio | 0.478 |
Unimit Engineering Public Backtested Returns
Unimit Engineering is out of control given 3 months investment horizon. Unimit Engineering Public owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.11, which indicates the firm had a 0.11% return per unit of risk over the last 3 months. We were able to break down twenty-two different technical indicators, which can help you to evaluate if expected returns of 14.15% are justified by taking the suggested risk. Use Unimit Engineering Public Coefficient Of Variation of (1,250), variance of 2.5, and Risk Adjusted Performance of (0.06) to evaluate company specific risk that cannot be diversified away. Unimit Engineering holds a performance score of 8 on a scale of zero to a hundred. The entity has a beta of -0.29, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Unimit Engineering are expected to decrease at a much lower rate. During the bear market, Unimit Engineering is likely to outperform the market. Use Unimit Engineering Public treynor ratio, potential upside, and the relationship between the total risk alpha and maximum drawdown , to analyze future returns on Unimit Engineering Public.
Auto-correlation | 0.29 |
Poor predictability
Unimit Engineering Public has poor predictability. Overlapping area represents the amount of predictability between Unimit Engineering time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th 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 Unimit Engineering Public price movement. The serial correlation of 0.29 indicates that nearly 29.0% of current Unimit Engineering price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.29 | |
| Spearman Rank Test | 0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Unimit Engineering Public lagged returns against current returns
Autocorrelation, which is Unimit Engineering 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 Unimit Engineering's stock expected returns. We can calculate the autocorrelation of Unimit Engineering returns to help us make a trade decision. For example, suppose you find that Unimit Engineering 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 |
Unimit Engineering 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 Unimit Engineering stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Unimit Engineering stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Unimit Engineering stock over time.
Current vs Lagged Prices |
| Timeline |
Unimit Engineering Lagged Returns
When evaluating Unimit Engineering's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Unimit Engineering stock have on its future price. Unimit Engineering 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, Unimit Engineering autocorrelation shows the relationship between Unimit Engineering stock current value and its past values and can show if there is a momentum factor associated with investing in Unimit Engineering Public.
Regressed Prices |
| Timeline |
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Unimit Engineering financial ratios help investors to determine whether Unimit Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Unimit with respect to the benefits of owning Unimit Engineering security.