United Integrated (Taiwan) Market Value
| 2404 Stock | TWD 428.50 15.50 3.75% |
| Symbol | United |
United Integrated '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 United Integrated'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 United Integrated.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in United Integrated on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding United Integrated Services or generate 0.0% return on investment in United Integrated over 30 days. United Integrated is related to or competes with Chicony Electronics, Delta Electronics, Greatek Electronics, Realtek Semiconductor, and Elan Microelectronics. United Integrated Services Co., Ltd. provides engineering construction services in Taiwan More
United Integrated 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 United Integrated'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 United Integrated Services upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.43 | |||
| Information Ratio | 0.1144 | |||
| Maximum Drawdown | 11.77 | |||
| Value At Risk | (2.19) | |||
| Potential Upside | 2.98 |
United Integrated Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for United Integrated's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as United Integrated's standard deviation. In reality, there are many statistical measures that can use United Integrated historical prices to predict the future United Integrated's volatility.| Risk Adjusted Performance | 0.1494 | |||
| Jensen Alpha | 0.3694 | |||
| Total Risk Alpha | 0.029 | |||
| Sortino Ratio | 0.1501 | |||
| Treynor Ratio | (1.63) |
United Integrated Backtested Returns
United Integrated appears to be very steady, given 3 months investment horizon. United Integrated owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.19, which indicates the firm had a 0.19% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for United Integrated Services, which you can use to evaluate the volatility of the company. Please review United Integrated's Semi Deviation of 0.9945, coefficient of variation of 532.73, and Risk Adjusted Performance of 0.1494 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, United Integrated holds a performance score of 14. The entity has a beta of -0.21, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning United Integrated are expected to decrease at a much lower rate. During the bear market, United Integrated is likely to outperform the market. Please check United Integrated's mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether United Integrated's existing price patterns will revert.
Auto-correlation | 0.75 |
Good predictability
United Integrated Services has good predictability. Overlapping area represents the amount of predictability between United Integrated time series from 1st of November 2024 to 16th of November 2024 and 16th of November 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 United Integrated price movement. The serial correlation of 0.75 indicates that around 75.0% of current United Integrated price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.75 | |
| Spearman Rank Test | 0.9 | |
| Residual Average | 0.0 | |
| Price Variance | 162.52 |
United Integrated lagged returns against current returns
Autocorrelation, which is United Integrated 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 United Integrated's stock expected returns. We can calculate the autocorrelation of United Integrated returns to help us make a trade decision. For example, suppose you find that United Integrated 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 |
United Integrated 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 United Integrated stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if United Integrated stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in United Integrated stock over time.
Current vs Lagged Prices |
| Timeline |
United Integrated Lagged Returns
When evaluating United Integrated's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of United Integrated stock have on its future price. United Integrated 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, United Integrated autocorrelation shows the relationship between United Integrated stock current value and its past values and can show if there is a momentum factor associated with investing in United Integrated Services.
Regressed Prices |
| Timeline |
Also Currently Popular
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 United Stock Analysis
When running United Integrated's price analysis, check to measure United Integrated'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 United Integrated is operating at the current time. Most of United Integrated's value examination focuses on studying past and present price action to predict the probability of United Integrated's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move United Integrated's price. Additionally, you may evaluate how the addition of United Integrated to your portfolios can decrease your overall portfolio volatility.