Unique Mining (Thailand) Market Value
| UMS Stock | THB 0.42 0.01 2.44% |
| Symbol | Unique |
Unique Mining '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 Unique Mining'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 Unique Mining.
| 12/23/2022 |
| 12/12/2024 |
If you would invest 0.00 in Unique Mining on December 23, 2022 and sell it all today you would earn a total of 0.00 from holding Unique Mining Services or generate 0.0% return on investment in Unique Mining over 720 days. Unique Mining is related to or competes with Union Petrochemical, Eureka Design, Erawan, Jay Mart, Airports, Eastern Technical, and Gunkul Engineering. Unique Mining Services Public Company Limited, together with its subsidiaries, imports and sells coal in Thailand More
Unique Mining 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 Unique Mining'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 Unique Mining Services upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 11.73 | |||
| Information Ratio | 0.0434 | |||
| Maximum Drawdown | 52.11 | |||
| Value At Risk | (11.11) | |||
| Potential Upside | 11.11 |
Unique Mining Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Unique Mining's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Unique Mining's standard deviation. In reality, there are many statistical measures that can use Unique Mining historical prices to predict the future Unique Mining's volatility.| Risk Adjusted Performance | 0.0522 | |||
| Jensen Alpha | 0.4838 | |||
| Total Risk Alpha | (0.76) | |||
| Sortino Ratio | 0.0283 | |||
| Treynor Ratio | (1.37) |
Unique Mining Services Backtested Returns
Unique Mining Services owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0575, which indicates the firm had a -0.0575% return per unit of risk over the last 3 months. Unique Mining Services exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Unique Mining's Coefficient Of Variation of 1674.02, risk adjusted performance of 0.0522, and Semi Deviation of 7.15 to confirm the risk estimate we provide. The entity has a beta of -0.33, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Unique Mining are expected to decrease at a much lower rate. During the bear market, Unique Mining is likely to outperform the market. At this point, Unique Mining Services has a negative expected return of -0.42%. Please make sure to validate Unique Mining's maximum drawdown, semi variance, and the relationship between the sortino ratio and potential upside , to decide if Unique Mining Services performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.16 |
Very weak predictability
Unique Mining Services has very weak predictability. Overlapping area represents the amount of predictability between Unique Mining time series from 23rd of December 2022 to 18th of December 2023 and 18th of December 2023 to 12th 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 Unique Mining Services price movement. The serial correlation of 0.16 indicates that over 16.0% of current Unique Mining price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.16 | |
| Spearman Rank Test | 0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Unique Mining Services lagged returns against current returns
Autocorrelation, which is Unique Mining 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 Unique Mining's stock expected returns. We can calculate the autocorrelation of Unique Mining returns to help us make a trade decision. For example, suppose you find that Unique Mining 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 |
Unique Mining 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 Unique Mining stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Unique Mining stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Unique Mining stock over time.
Current vs Lagged Prices |
| Timeline |
Unique Mining Lagged Returns
When evaluating Unique Mining's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Unique Mining stock have on its future price. Unique Mining 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, Unique Mining autocorrelation shows the relationship between Unique Mining stock current value and its past values and can show if there is a momentum factor associated with investing in Unique Mining Services.
Regressed Prices |
| Timeline |
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Unique Mining financial ratios help investors to determine whether Unique 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 Unique with respect to the benefits of owning Unique Mining security.