Unique Engineering (Thailand) Market Value
| UNIQ Stock | THB 2.62 0.02 0.77% |
| Symbol | Unique |
Unique Engineering '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 Engineering'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 Engineering.
| 06/28/2024 |
| 12/25/2024 |
If you would invest 0.00 in Unique Engineering on June 28, 2024 and sell it all today you would earn a total of 0.00 from holding Unique Engineering and or generate 0.0% return on investment in Unique Engineering over 180 days. Unique Engineering is related to or competes with CH Karnchang, Italian Thai, LPN Development, and WHA Public. Unique Engineering and Construction Public Company Limited, together with its subsidiaries, engages in the construction ... More
Unique Engineering 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 Engineering'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 Engineering and upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 12.88 | |||
| Value At Risk | (1.46) | |||
| Potential Upside | 0.7519 |
Unique Engineering Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Unique Engineering's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Unique Engineering's standard deviation. In reality, there are many statistical measures that can use Unique Engineering historical prices to predict the future Unique Engineering's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.18) | |||
| Treynor Ratio | 0.7579 |
Unique Engineering and Backtested Returns
Unique Engineering and owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.33, which indicates the firm had a -0.33% return per unit of risk over the last 3 months. Unique Engineering and exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Unique Engineering's Coefficient Of Variation of (1,524), variance of 2.34, and Risk Adjusted Performance of (0.05) to confirm the risk estimate we provide. The entity has a beta of -0.15, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Unique Engineering are expected to decrease at a much lower rate. During the bear market, Unique Engineering is likely to outperform the market. At this point, Unique Engineering and has a negative expected return of -0.24%. Please make sure to validate Unique Engineering's total risk alpha, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to decide if Unique Engineering and performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.16 |
Insignificant reverse predictability
Unique Engineering and has insignificant reverse predictability. Overlapping area represents the amount of predictability between Unique Engineering time series from 28th of June 2024 to 26th of September 2024 and 26th of September 2024 to 25th 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 Engineering and price movement. The serial correlation of -0.16 indicates that over 16.0% of current Unique Engineering price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.16 | |
| Spearman Rank Test | -0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Unique Engineering and lagged returns against current returns
Autocorrelation, which is Unique Engineering 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 Engineering's stock expected returns. We can calculate the autocorrelation of Unique Engineering returns to help us make a trade decision. For example, suppose you find that Unique Engineering 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 Engineering 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 Engineering stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Unique Engineering stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Unique Engineering stock over time.
Current vs Lagged Prices |
| Timeline |
Unique Engineering Lagged Returns
When evaluating Unique Engineering's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Unique Engineering stock have on its future price. Unique Engineering 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 Engineering autocorrelation shows the relationship between Unique Engineering stock current value and its past values and can show if there is a momentum factor associated with investing in Unique Engineering and.
Regressed Prices |
| Timeline |
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Unique Engineering 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 Engineering security.