Union Plastic (Thailand) Market Value
| UP Stock | THB 17.20 0.10 0.58% |
| Symbol | Union |
Union Plastic '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 Union Plastic'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 Union Plastic.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in Union Plastic on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding Union Plastic Public or generate 0.0% return on investment in Union Plastic over 30 days. Union Plastic is related to or competes with Thantawan Industry, Erawan, Jay Mart, Airports, Eastern Technical, Gunkul Engineering, and Dcon Products. Union Plastic Public Company Limited manufactures and sells thermoplastics in Thailand More
Union Plastic 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 Union Plastic'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 Union Plastic Public upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 10.76 | |||
| Value At Risk | (2.89) | |||
| Potential Upside | 2.38 |
Union Plastic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Union Plastic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Union Plastic's standard deviation. In reality, there are many statistical measures that can use Union Plastic historical prices to predict the future Union Plastic's volatility.| Risk Adjusted Performance | (0.0007) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.28) | |||
| Treynor Ratio | (0.06) |
Union Plastic Public Backtested Returns
Union Plastic Public owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0504, which indicates the firm had a -0.0504% return per unit of risk over the last 3 months. Union Plastic Public exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Union Plastic's Coefficient Of Variation of (11,747), variance of 2.55, and Risk Adjusted Performance of (0.0007) to confirm the risk estimate we provide. The entity has a beta of 0.36, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Union Plastic's returns are expected to increase less than the market. However, during the bear market, the loss of holding Union Plastic is expected to be smaller as well. At this point, Union Plastic Public has a negative expected return of -0.0801%. Please make sure to validate Union Plastic's maximum drawdown, daily balance of power, period momentum indicator, as well as the relationship between the skewness and day typical price , to decide if Union Plastic Public performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.12 |
Insignificant predictability
Union Plastic Public has insignificant predictability. Overlapping area represents the amount of predictability between Union Plastic time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th 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 Union Plastic Public price movement. The serial correlation of 0.12 indicates that less than 12.0% of current Union Plastic price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.12 | |
| Spearman Rank Test | -0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Union Plastic Public lagged returns against current returns
Autocorrelation, which is Union Plastic 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 Union Plastic's stock expected returns. We can calculate the autocorrelation of Union Plastic returns to help us make a trade decision. For example, suppose you find that Union Plastic 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 |
Union Plastic 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 Union Plastic stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Union Plastic stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Union Plastic stock over time.
Current vs Lagged Prices |
| Timeline |
Union Plastic Lagged Returns
When evaluating Union Plastic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Union Plastic stock have on its future price. Union Plastic 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, Union Plastic autocorrelation shows the relationship between Union Plastic stock current value and its past values and can show if there is a momentum factor associated with investing in Union Plastic Public.
Regressed Prices |
| Timeline |
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Union Plastic financial ratios help investors to determine whether Union 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 Union with respect to the benefits of owning Union Plastic security.