Universal Textile (Taiwan) Market Value
| 1445 Stock | TWD 17.20 0.05 0.29% |
| Symbol | Universal |
Universal Textile '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 Textile'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 Textile.
| 11/02/2024 |
| 12/02/2024 |
If you would invest 0.00 in Universal Textile on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding Universal Textile Co or generate 0.0% return on investment in Universal Textile over 30 days. Universal Textile is related to or competes with Taiwan Taffeta, Wisher Industrial, Yi Jinn, Tah Tong, and Lan Fa. Universal Textile Co., Ltd. manufactures and sells fabrics in Taiwan More
Universal Textile 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 Textile'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 Textile Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.23) | |||
| Maximum Drawdown | 6.4 | |||
| Value At Risk | (2.12) | |||
| Potential Upside | 2.01 |
Universal Textile Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Universal Textile's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Universal Textile's standard deviation. In reality, there are many statistical measures that can use Universal Textile historical prices to predict the future Universal Textile's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.22) | |||
| Total Risk Alpha | (0.40) | |||
| Treynor Ratio | (0.59) |
Universal Textile Backtested Returns
Universal Textile owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.12, which indicates the firm had a -0.12% return per unit of risk over the last 3 months. Universal Textile Co exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Universal Textile's Variance of 1.81, risk adjusted performance of (0.09), and Coefficient Of Variation of (793.52) to confirm the risk estimate we provide. The entity has a beta of 0.3, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Universal Textile's returns are expected to increase less than the market. However, during the bear market, the loss of holding Universal Textile is expected to be smaller as well. At this point, Universal Textile has a negative expected return of -0.17%. Please make sure to validate Universal Textile'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 Textile performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.73 |
Almost perfect reverse predictability
Universal Textile Co has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Universal Textile 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 Universal Textile price movement. The serial correlation of -0.73 indicates that around 73.0% of current Universal Textile price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.73 | |
| Spearman Rank Test | -0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
Universal Textile lagged returns against current returns
Autocorrelation, which is Universal Textile 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 Textile's stock expected returns. We can calculate the autocorrelation of Universal Textile returns to help us make a trade decision. For example, suppose you find that Universal Textile 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 Textile 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 Textile stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Universal Textile stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Universal Textile stock over time.
Current vs Lagged Prices |
| Timeline |
Universal Textile Lagged Returns
When evaluating Universal Textile's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Universal Textile stock have on its future price. Universal Textile 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 Textile autocorrelation shows the relationship between Universal Textile stock current value and its past values and can show if there is a momentum factor associated with investing in Universal Textile Co.
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 Textile's price analysis, check to measure Universal Textile'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 Textile is operating at the current time. Most of Universal Textile's value examination focuses on studying past and present price action to predict the probability of Universal Textile'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 Textile's price. Additionally, you may evaluate how the addition of Universal Textile to your portfolios can decrease your overall portfolio volatility.