Union Pioneer (Thailand) Market Value
| UPF Stock | THB 34.00 0.50 1.49% |
| Symbol | Union |
Union Pioneer '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 Union Pioneer'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 Union Pioneer.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Union Pioneer on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Union Pioneer Public or generate 0.0% return on investment in Union Pioneer over 30 days. Union Pioneer is related to or competes with Union Plastic, Univanich Palm, Thai Poly, and Thai Vegetable. Union Pioneer Public Company Limited manufactures and distributes finished elastic products in Thailand, the United Stat... More
Union Pioneer 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 Union Pioneer'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 Union Pioneer Public upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 8.02 | |||
| Value At Risk | (1.47) | |||
| Potential Upside | 1.47 |
Union Pioneer Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Union Pioneer's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Union Pioneer's standard deviation. In reality, there are many statistical measures that can use Union Pioneer historical prices to predict the future Union Pioneer's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.21) | |||
| Treynor Ratio | (5.12) |
Union Pioneer Public Backtested Returns
Union Pioneer is out of control given 3 months investment horizon. Union Pioneer 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 analyze and collect data for twenty-three different technical indicators, which can help you to evaluate if expected returns of 14.48% are justified by taking the suggested risk. Use Union Pioneer Public Risk Adjusted Performance of (0.02), variance of 1.22, and Coefficient Of Variation of (4,041) to evaluate company specific risk that cannot be diversified away. Union Pioneer holds a performance score of 8 on a scale of zero to a hundred. The entity has a beta of 0.0073, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Union Pioneer's returns are expected to increase less than the market. However, during the bear market, the loss of holding Union Pioneer is expected to be smaller as well. Use Union Pioneer Public total risk alpha, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to analyze future returns on Union Pioneer Public.
Auto-correlation | -0.36 |
Poor reverse predictability
Union Pioneer Public has poor reverse predictability. Overlapping area represents the amount of predictability between Union Pioneer time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Union Pioneer Public price movement. The serial correlation of -0.36 indicates that just about 36.0% of current Union Pioneer price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.36 | |
| Spearman Rank Test | 0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 0.11 |
Union Pioneer Public lagged returns against current returns
Autocorrelation, which is Union Pioneer 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 Union Pioneer's stock expected returns. We can calculate the autocorrelation of Union Pioneer returns to help us make a trade decision. For example, suppose you find that Union Pioneer 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 |
Union Pioneer 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 Union Pioneer stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Union Pioneer stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Union Pioneer stock over time.
Current vs Lagged Prices |
| Timeline |
Union Pioneer Lagged Returns
When evaluating Union Pioneer's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Union Pioneer stock have on its future price. Union Pioneer 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, Union Pioneer autocorrelation shows the relationship between Union Pioneer stock current value and its past values and can show if there is a momentum factor associated with investing in Union Pioneer Public.
Regressed Prices |
| Timeline |
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Union Pioneer financial ratios help investors to determine whether Union 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 Union with respect to the benefits of owning Union Pioneer security.