UPC Technology (Taiwan) Market Value
| 1313 Stock | TWD 10.65 0.10 0.93% |
| Symbol | UPC |
UPC Technology '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 UPC Technology'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 UPC Technology.
| 06/04/2024 |
| 12/01/2024 |
If you would invest 0.00 in UPC Technology on June 4, 2024 and sell it all today you would earn a total of 0.00 from holding UPC Technology Corp or generate 0.0% return on investment in UPC Technology over 180 days. UPC Technology is related to or competes with Basso Industry, Chung Hsin, TYC Brother, TECO Electric, and China General. UPC Technology Corporation, together with its subsidiaries, manufactures and sells petrochemical products in Taiwan, Chi... More
UPC Technology 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 UPC Technology'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 UPC Technology Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 11.86 | |||
| Value At Risk | (2.71) | |||
| Potential Upside | 2.25 |
UPC Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for UPC Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as UPC Technology's standard deviation. In reality, there are many statistical measures that can use UPC Technology historical prices to predict the future UPC Technology's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (0.46) | |||
| Treynor Ratio | (0.51) |
UPC Technology Corp Backtested Returns
UPC Technology Corp retains Efficiency (Sharpe Ratio) of -0.0697, which indicates the firm had a -0.0697% return per unit of volatility over the last 3 months. UPC Technology exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate UPC Technology's risk adjusted performance of (0.05), and Standard Deviation of 1.86 to confirm the risk estimate we provide. The entity owns a Beta (Systematic Risk) of 0.29, which indicates not very significant fluctuations relative to the market. As returns on the market increase, UPC Technology's returns are expected to increase less than the market. However, during the bear market, the loss of holding UPC Technology is expected to be smaller as well. At this point, UPC Technology Corp has a negative expected return of -0.13%. Please make sure to validate UPC Technology's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if UPC Technology Corp performance from the past will be repeated at future time.
Auto-correlation | 0.44 |
Average predictability
UPC Technology Corp has average predictability. Overlapping area represents the amount of predictability between UPC Technology time series from 4th of June 2024 to 2nd of September 2024 and 2nd of September 2024 to 1st 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 UPC Technology Corp price movement. The serial correlation of 0.44 indicates that just about 44.0% of current UPC Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.44 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.27 |
UPC Technology Corp lagged returns against current returns
Autocorrelation, which is UPC Technology 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 UPC Technology's stock expected returns. We can calculate the autocorrelation of UPC Technology returns to help us make a trade decision. For example, suppose you find that UPC Technology 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 |
UPC Technology 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 UPC Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if UPC Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in UPC Technology stock over time.
Current vs Lagged Prices |
| Timeline |
UPC Technology Lagged Returns
When evaluating UPC Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of UPC Technology stock have on its future price. UPC Technology 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, UPC Technology autocorrelation shows the relationship between UPC Technology stock current value and its past values and can show if there is a momentum factor associated with investing in UPC Technology 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 UPC Stock Analysis
When running UPC Technology's price analysis, check to measure UPC Technology'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 UPC Technology is operating at the current time. Most of UPC Technology's value examination focuses on studying past and present price action to predict the probability of UPC Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move UPC Technology's price. Additionally, you may evaluate how the addition of UPC Technology to your portfolios can decrease your overall portfolio volatility.