Union Auction (Thailand) Market Value
AUCT Stock | THB 9.10 0.05 0.55% |
Symbol | Union |
Union Auction '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 Auction'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 Auction.
03/01/2024 |
| 04/30/2024 |
If you would invest 0.00 in Union Auction on March 1, 2024 and sell it all today you would earn a total of 0.00 from holding Union Auction Public or generate 0.0% return on investment in Union Auction over 60 days. Union Auction is related to or competes with Gunkul Engineering, Gulf Energy, Ekarat Engineering, IRPC Public, and Green Resources. Union Auction Public Company Limited provides auction services for assets in Thailand More
Union Auction 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 Auction'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 Auction Public upside and downside potential and time the market with a certain degree of confidence.
Information Ratio | (0.26) | |||
Maximum Drawdown | 10.89 | |||
Value At Risk | (3.90) | |||
Potential Upside | 1.86 |
Union Auction Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Union Auction's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Union Auction's standard deviation. In reality, there are many statistical measures that can use Union Auction historical prices to predict the future Union Auction's volatility.Risk Adjusted Performance | (0.13) | |||
Jensen Alpha | (0.36) | |||
Total Risk Alpha | (0.59) | |||
Treynor Ratio | 1.9 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Union Auction's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Union Auction Public Backtested Returns
Union Auction Public owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.14, which indicates the firm had a -0.14% return per unit of risk over the last 3 months. Union Auction Public exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Union Auction's Variance of 2.92, risk adjusted performance of (0.13), and Coefficient Of Variation of (472.55) to confirm the risk estimate we provide. The entity has a beta of -0.2, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Union Auction are expected to decrease at a much lower rate. During the bear market, Union Auction is likely to outperform the market. Union Auction Public has an expected return of -0.22%. Please make sure to validate Union Auction standard deviation, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if Union Auction Public performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.56 |
Modest predictability
Union Auction Public has modest predictability. Overlapping area represents the amount of predictability between Union Auction time series from 1st of March 2024 to 31st of March 2024 and 31st of March 2024 to 30th of April 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 Auction Public price movement. The serial correlation of 0.56 indicates that roughly 56.0% of current Union Auction price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.56 | |
Spearman Rank Test | 0.36 | |
Residual Average | 0.0 | |
Price Variance | 0.1 |
Union Auction Public lagged returns against current returns
Autocorrelation, which is Union Auction 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 Auction's stock expected returns. We can calculate the autocorrelation of Union Auction returns to help us make a trade decision. For example, suppose you find that Union Auction 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 Auction 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 Auction stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Union Auction stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Union Auction stock over time.
Current vs Lagged Prices |
Timeline |
Union Auction Lagged Returns
When evaluating Union Auction's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Union Auction stock have on its future price. Union Auction 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 Auction autocorrelation shows the relationship between Union Auction stock current value and its past values and can show if there is a momentum factor associated with investing in Union Auction Public.
Regressed Prices |
Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Union Auction in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Union Auction's short interest history, or implied volatility extrapolated from Union Auction options trading.
Pair Trading with Union Auction
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Union Auction position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Union Auction will appreciate offsetting losses from the drop in the long position's value.Moving against Union Stock
0.78 | PTTEP | PTT Exploration | PairCorr |
0.61 | PTG | PTG Energy PCL | PairCorr |
The ability to find closely correlated positions to Union Auction could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Union Auction when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Union Auction - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Union Auction Public to buy it.
The correlation of Union Auction is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Union Auction moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Union Auction Public moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Union Auction can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Union Auction Correlation, Union Auction Volatility and Union Auction Alpha and Beta module to complement your research on Union Auction. You can also try the Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
Complementary Tools for Union Stock analysis
When running Union Auction's price analysis, check to measure Union Auction'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 Union Auction is operating at the current time. Most of Union Auction's value examination focuses on studying past and present price action to predict the probability of Union Auction's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Union Auction's price. Additionally, you may evaluate how the addition of Union Auction to your portfolios can decrease your overall portfolio volatility.
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Union Auction technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.