Unitech Computer (Taiwan) Market Value
| 2414 Stock | TWD 37.90 0.30 0.79% |
| Symbol | Unitech |
Unitech Computer '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 Unitech Computer'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 Unitech Computer.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Unitech Computer on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Unitech Computer Co or generate 0.0% return on investment in Unitech Computer over 30 days. Unitech Computer is related to or competes with MedFirst Healthcare, Elite Material, Solar Applied, Goldsun Building, Eternal Materials, Gloria Material, and Power Wind. Unitech Computer Co., Ltd. provides information technology products in Taiwan More
Unitech Computer 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 Unitech Computer'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 Unitech Computer Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7642 | |||
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 4.9 | |||
| Value At Risk | (1.15) | |||
| Potential Upside | 1.82 |
Unitech Computer Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Unitech Computer's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Unitech Computer's standard deviation. In reality, there are many statistical measures that can use Unitech Computer historical prices to predict the future Unitech Computer's volatility.| Risk Adjusted Performance | 0.0655 | |||
| Jensen Alpha | 0.0297 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | (0.08) | |||
| Treynor Ratio | 0.2329 |
Unitech Computer Backtested Returns
At this stage we consider Unitech Stock to be very steady. Unitech Computer owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0906, which indicates the firm had a 0.0906% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Unitech Computer Co, which you can use to evaluate the volatility of the company. Please validate Unitech Computer's Coefficient Of Variation of 1195.38, semi deviation of 0.6135, and Risk Adjusted Performance of 0.0655 to confirm if the risk estimate we provide is consistent with the expected return of 0.0836%. Unitech Computer has a performance score of 7 on a scale of 0 to 100. The entity has a beta of 0.28, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Unitech Computer's returns are expected to increase less than the market. However, during the bear market, the loss of holding Unitech Computer is expected to be smaller as well. Unitech Computer right now has a risk of 0.92%. Please validate Unitech Computer mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to decide if Unitech Computer will be following its existing price patterns.
Auto-correlation | -0.68 |
Very good reverse predictability
Unitech Computer Co has very good reverse predictability. Overlapping area represents the amount of predictability between Unitech Computer time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Unitech Computer price movement. The serial correlation of -0.68 indicates that around 68.0% of current Unitech Computer price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.68 | |
| Spearman Rank Test | -0.83 | |
| Residual Average | 0.0 | |
| Price Variance | 0.21 |
Unitech Computer lagged returns against current returns
Autocorrelation, which is Unitech Computer 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 Unitech Computer's stock expected returns. We can calculate the autocorrelation of Unitech Computer returns to help us make a trade decision. For example, suppose you find that Unitech Computer 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 |
Unitech Computer 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 Unitech Computer stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Unitech Computer stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Unitech Computer stock over time.
Current vs Lagged Prices |
| Timeline |
Unitech Computer Lagged Returns
When evaluating Unitech Computer's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Unitech Computer stock have on its future price. Unitech Computer 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, Unitech Computer autocorrelation shows the relationship between Unitech Computer stock current value and its past values and can show if there is a momentum factor associated with investing in Unitech Computer 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 Unitech Stock Analysis
When running Unitech Computer's price analysis, check to measure Unitech Computer'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 Unitech Computer is operating at the current time. Most of Unitech Computer's value examination focuses on studying past and present price action to predict the probability of Unitech Computer's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Unitech Computer's price. Additionally, you may evaluate how the addition of Unitech Computer to your portfolios can decrease your overall portfolio volatility.