Unigroup Guoxin (China) Market Value
| 002049 Stock | 65.98 1.04 1.60% |
| Symbol | Unigroup |
Unigroup Guoxin '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 Unigroup Guoxin'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 Unigroup Guoxin.
| 11/02/2024 |
| 12/02/2024 |
If you would invest 0.00 in Unigroup Guoxin on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding Unigroup Guoxin Microelectronics or generate 0.0% return on investment in Unigroup Guoxin over 30 days. Unigroup Guoxin is related to or competes with Agricultural Bank, China Construction, Postal Savings, Bank of Communications, Ping An, and Industrial Bank. Unigroup Guoxin is entity of China. It is traded as Stock on SHE exchange. More
Unigroup Guoxin 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 Unigroup Guoxin'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 Unigroup Guoxin Microelectronics upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.81 | |||
| Information Ratio | 0.1276 | |||
| Maximum Drawdown | 16.77 | |||
| Value At Risk | (4.41) | |||
| Potential Upside | 9.59 |
Unigroup Guoxin Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Unigroup Guoxin's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Unigroup Guoxin's standard deviation. In reality, there are many statistical measures that can use Unigroup Guoxin historical prices to predict the future Unigroup Guoxin's volatility.| Risk Adjusted Performance | 0.1342 | |||
| Jensen Alpha | 0.5732 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.1656 | |||
| Treynor Ratio | 3.71 |
Unigroup Guoxin Micr Backtested Returns
Unigroup Guoxin appears to be very steady, given 3 months investment horizon. Unigroup Guoxin Micr owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.17, which indicates the firm had a 0.17% return per unit of risk over the last 3 months. By inspecting Unigroup Guoxin's technical indicators, you can evaluate if the expected return of 0.66% is justified by implied risk. Please review Unigroup Guoxin's Risk Adjusted Performance of 0.1342, semi deviation of 2.41, and Coefficient Of Variation of 605.14 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Unigroup Guoxin holds a performance score of 13. The entity has a beta of 0.16, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Unigroup Guoxin's returns are expected to increase less than the market. However, during the bear market, the loss of holding Unigroup Guoxin is expected to be smaller as well. Please check Unigroup Guoxin's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether Unigroup Guoxin's existing price patterns will revert.
Auto-correlation | -0.62 |
Very good reverse predictability
Unigroup Guoxin Microelectronics has very good reverse predictability. Overlapping area represents the amount of predictability between Unigroup Guoxin time series from 2nd of November 2024 to 17th of November 2024 and 17th of November 2024 to 2nd of December 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 Unigroup Guoxin Micr price movement. The serial correlation of -0.62 indicates that roughly 62.0% of current Unigroup Guoxin price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.62 | |
| Spearman Rank Test | -0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 1.93 |
Unigroup Guoxin Micr lagged returns against current returns
Autocorrelation, which is Unigroup Guoxin 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 Unigroup Guoxin's stock expected returns. We can calculate the autocorrelation of Unigroup Guoxin returns to help us make a trade decision. For example, suppose you find that Unigroup Guoxin 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 |
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Unigroup Guoxin 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 Unigroup Guoxin stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Unigroup Guoxin stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Unigroup Guoxin stock over time.
Current vs Lagged Prices |
| Timeline |
Unigroup Guoxin Lagged Returns
When evaluating Unigroup Guoxin's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Unigroup Guoxin stock have on its future price. Unigroup Guoxin 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, Unigroup Guoxin autocorrelation shows the relationship between Unigroup Guoxin stock current value and its past values and can show if there is a momentum factor associated with investing in Unigroup Guoxin Microelectronics.
Regressed Prices |
| Timeline |
Also Currently Popular
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.Other Information on Investing in Unigroup Stock
Unigroup Guoxin financial ratios help investors to determine whether Unigroup 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 Unigroup with respect to the benefits of owning Unigroup Guoxin security.