Universal Cement (Taiwan) Market Value
| 1104 Stock | TWD 28.45 0.50 1.73% |
| Symbol | Universal |
Universal Cement '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 Universal Cement'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 Universal Cement.
| 06/17/2024 |
| 12/14/2024 |
If you would invest 0.00 in Universal Cement on June 17, 2024 and sell it all today you would earn a total of 0.00 from holding Universal Cement Corp or generate 0.0% return on investment in Universal Cement over 180 days. Universal Cement is related to or competes with Tainan Spinning, Lealea Enterprise, China Petrochemical, Ruentex Development, WiseChip Semiconductor, Novatek Microelectronics, and Leader Electronics. Universal Cement Corporation operates in cement and building materials industry in Taiwan More
Universal Cement 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 Universal Cement'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 Universal Cement Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 7.53 | |||
| Value At Risk | (1.73) | |||
| Potential Upside | 1.54 |
Universal Cement Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Universal Cement's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Universal Cement's standard deviation. In reality, there are many statistical measures that can use Universal Cement historical prices to predict the future Universal Cement's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.18) | |||
| Treynor Ratio | 0.1062 |
Universal Cement Corp Backtested Returns
Universal Cement Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0783, which indicates the firm had a -0.0783% return per unit of risk over the last 3 months. Universal Cement Corp exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Universal Cement's Variance of 1.28, coefficient of variation of (3,696), and Risk Adjusted Performance of (0.02) to confirm the risk estimate we provide. The entity has a beta of -0.38, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Universal Cement are expected to decrease at a much lower rate. During the bear market, Universal Cement is likely to outperform the market. At this point, Universal Cement Corp has a negative expected return of -0.0872%. Please make sure to validate Universal Cement's mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Universal Cement Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.75 |
Good predictability
Universal Cement Corp has good predictability. Overlapping area represents the amount of predictability between Universal Cement time series from 17th of June 2024 to 15th of September 2024 and 15th of September 2024 to 14th 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 Universal Cement Corp price movement. The serial correlation of 0.75 indicates that around 75.0% of current Universal Cement price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.75 | |
| Spearman Rank Test | 0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 0.48 |
Universal Cement Corp lagged returns against current returns
Autocorrelation, which is Universal Cement 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 Universal Cement's stock expected returns. We can calculate the autocorrelation of Universal Cement returns to help us make a trade decision. For example, suppose you find that Universal Cement 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 |
Universal Cement 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 Universal Cement stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Universal Cement stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Universal Cement stock over time.
Current vs Lagged Prices |
| Timeline |
Universal Cement Lagged Returns
When evaluating Universal Cement's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Universal Cement stock have on its future price. Universal Cement 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, Universal Cement autocorrelation shows the relationship between Universal Cement stock current value and its past values and can show if there is a momentum factor associated with investing in Universal Cement Corp.
Regressed Prices |
| Timeline |
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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.Additional Tools for Universal Stock Analysis
When running Universal Cement's price analysis, check to measure Universal Cement'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 Universal Cement is operating at the current time. Most of Universal Cement's value examination focuses on studying past and present price action to predict the probability of Universal Cement's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Universal Cement's price. Additionally, you may evaluate how the addition of Universal Cement to your portfolios can decrease your overall portfolio volatility.