UTI (Korea) Market Value
| 179900 Stock | 23,950 550.00 2.24% |
| Symbol | UTI |
UTI '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 UTI'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 UTI.
| 05/09/2023 |
| 11/29/2024 |
If you would invest 0.00 in UTI on May 9, 2023 and sell it all today you would earn a total of 0.00 from holding UTI Inc or generate 0.0% return on investment in UTI over 570 days. UTI is related to or competes with Taeyang Metal, Hanwha InvestmentSecuri, NH Investment, DSC Investment, PJ Metal, E Investment, and Daejung Chemicals. More
UTI 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 UTI'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 UTI Inc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 17.66 | |||
| Value At Risk | (5.28) | |||
| Potential Upside | 5.58 |
UTI Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for UTI's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as UTI's standard deviation. In reality, there are many statistical measures that can use UTI historical prices to predict the future UTI's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.64) | |||
| Treynor Ratio | 1.48 |
UTI Inc Backtested Returns
At this point, UTI is very steady. UTI Inc owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0509, which indicates the firm had a 0.0509% return per unit of volatility over the last 3 months. We have found twenty-four technical indicators for UTI Inc, which you can use to evaluate the volatility of the company. Please validate UTI's risk adjusted performance of (0.01), and Variance of 13.46 to confirm if the risk estimate we provide is consistent with the expected return of 0.19%. UTI has a performance score of 4 on a scale of 0 to 100. The entity has a beta of -0.0584, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning UTI are expected to decrease at a much lower rate. During the bear market, UTI is likely to outperform the market. UTI Inc presently has a risk of 3.75%. Please validate UTI standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if UTI will be following its existing price patterns.
Auto-correlation | -0.8 |
Almost perfect reverse predictability
UTI Inc has almost perfect reverse predictability. Overlapping area represents the amount of predictability between UTI time series from 9th of May 2023 to 18th of February 2024 and 18th of February 2024 to 29th of November 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 UTI Inc price movement. The serial correlation of -0.8 indicates that around 80.0% of current UTI price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.8 | |
| Spearman Rank Test | -0.74 | |
| Residual Average | 0.0 | |
| Price Variance | 27 M |
UTI Inc lagged returns against current returns
Autocorrelation, which is UTI 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 UTI's stock expected returns. We can calculate the autocorrelation of UTI returns to help us make a trade decision. For example, suppose you find that UTI 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 |
UTI 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 UTI stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if UTI stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in UTI stock over time.
Current vs Lagged Prices |
| Timeline |
UTI Lagged Returns
When evaluating UTI's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of UTI stock have on its future price. UTI 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, UTI autocorrelation shows the relationship between UTI stock current value and its past values and can show if there is a momentum factor associated with investing in UTI Inc.
Regressed Prices |
| Timeline |
Pair Trading with UTI
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if UTI position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in UTI will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to UTI could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace UTI when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back UTI - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling UTI Inc to buy it.
The correlation of UTI is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as UTI moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if UTI Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for UTI can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in UTI Stock
UTI financial ratios help investors to determine whether UTI 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 UTI with respect to the benefits of owning UTI security.