Unique Engineering (Thailand) Price on May 15, 2023
If you're considering investing in Unique Stock, it is important to understand the factors that can impact its price. Unique Engineering and owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.29, which indicates the firm had a -0.29% return per unit of risk over the last 3 months. Unique Engineering and exposes fifteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Unique Engineering's Coefficient Of Variation of (341.06), variance of 0.489, and Risk Adjusted Performance of (0.24) to confirm the risk estimate we provide.
Unique Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Unique |
Sharpe Ratio = -0.2932
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| Negative Returns | UNIQ |
Estimated Market Risk
| 0.7 actual daily | 6 94% of assets are more volatile |
Expected Return
| -0.2 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.29 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Unique Engineering is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Unique Engineering by adding Unique Engineering to a well-diversified portfolio.
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Price Boundaries
Unique Engineering Period Price Range
Low | December 29, 2024
| High |
0.00 | 0.00 |
Unique Engineering and cannot be verified against its exchange. Please verify the symbol is currently traded on Thailand Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Unique Engineering December 29, 2024 Market Strength
Market strength indicators help investors to evaluate how Unique Engineering stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Unique Engineering shares will generate the highest return on investment. By undertsting and applying Unique Engineering stock market strength indicators, traders can identify Unique Engineering and entry and exit signals to maximize returns
Unique Engineering Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Unique Engineering's price direction in advance. Along with the technical and fundamental analysis of Unique Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Unique to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.24) | |||
| Jensen Alpha | (0.22) | |||
| Total Risk Alpha | (0.23) | |||
| Treynor Ratio | (3.25) |
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Other Information on Investing in Unique Stock
Unique Engineering financial ratios help investors to determine whether Unique 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 Unique with respect to the benefits of owning Unique Engineering security.