Oriental Union (Taiwan) Market Value
| 1710 Stock | TWD 16.20 0.05 0.31% |
| Symbol | Oriental |
Oriental Union '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 Oriental Union'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 Oriental Union.
| 04/06/2024 |
| 12/02/2024 |
If you would invest 0.00 in Oriental Union on April 6, 2024 and sell it all today you would earn a total of 0.00 from holding Oriental Union Chemical or generate 0.0% return on investment in Oriental Union over 240 days. Oriental Union is related to or competes with Formosa Petrochemical, and Cathay Financial. Oriental Union Chemical Corporation provides ethylene glycol and ethylene oxide derivatives primarily in Asia More
Oriental Union 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 Oriental Union'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 Oriental Union Chemical upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.23) | |||
| Maximum Drawdown | 7.1 | |||
| Value At Risk | (1.61) | |||
| Potential Upside | 1.97 |
Oriental Union Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Oriental Union's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Oriental Union's standard deviation. In reality, there are many statistical measures that can use Oriental Union historical prices to predict the future Oriental Union's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.35) | |||
| Treynor Ratio | 2.75 |
Oriental Union Chemical Backtested Returns
Oriental Union Chemical maintains Sharpe Ratio (i.e., Efficiency) of -0.12, which implies the firm had a -0.12% return per unit of risk over the last 3 months. Oriental Union Chemical exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Oriental Union's Coefficient Of Variation of (877.77), risk adjusted performance of (0.08), and Variance of 1.5 to confirm the risk estimate we provide. The company holds a Beta of -0.0543, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Oriental Union are expected to decrease at a much lower rate. During the bear market, Oriental Union is likely to outperform the market. At this point, Oriental Union Chemical has a negative expected return of -0.15%. Please make sure to check Oriental Union's mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Oriental Union Chemical performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.53 |
Good reverse predictability
Oriental Union Chemical has good reverse predictability. Overlapping area represents the amount of predictability between Oriental Union time series from 6th of April 2024 to 4th of August 2024 and 4th of August 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 Oriental Union Chemical price movement. The serial correlation of -0.53 indicates that about 53.0% of current Oriental Union price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.53 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.6 |
Oriental Union Chemical lagged returns against current returns
Autocorrelation, which is Oriental Union 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 Oriental Union's stock expected returns. We can calculate the autocorrelation of Oriental Union returns to help us make a trade decision. For example, suppose you find that Oriental Union 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 |
Oriental Union 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 Oriental Union stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Oriental Union stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Oriental Union stock over time.
Current vs Lagged Prices |
| Timeline |
Oriental Union Lagged Returns
When evaluating Oriental Union's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Oriental Union stock have on its future price. Oriental Union 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, Oriental Union autocorrelation shows the relationship between Oriental Union stock current value and its past values and can show if there is a momentum factor associated with investing in Oriental Union Chemical.
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 Oriental Stock Analysis
When running Oriental Union's price analysis, check to measure Oriental Union'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 Oriental Union is operating at the current time. Most of Oriental Union's value examination focuses on studying past and present price action to predict the probability of Oriental Union's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Oriental Union's price. Additionally, you may evaluate how the addition of Oriental Union to your portfolios can decrease your overall portfolio volatility.