Universal Display (UK) Market Value
| 0LJE Stock | 162.00 2.68 1.63% |
| Symbol | Universal |
Universal Display '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 Universal Display'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 Universal Display.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Universal Display on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Universal Display Corp or generate 0.0% return on investment in Universal Display over 30 days. Universal Display is related to or competes with Tungsten West, Argo Group, Hardide PLC, Quantum Blockchain, and Malvern International. Universal Display is entity of United Kingdom More
Universal Display 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 Universal Display'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 Universal Display Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 18.27 | |||
| Value At Risk | (4.42) | |||
| Potential Upside | 4.21 |
Universal Display Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Universal Display's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Universal Display's standard deviation. In reality, there are many statistical measures that can use Universal Display historical prices to predict the future Universal Display's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.38) | |||
| Total Risk Alpha | (0.63) | |||
| Treynor Ratio | (0.12) |
Universal Display Corp Backtested Returns
Universal Display Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.073, which indicates the firm had a -0.073% return per unit of risk over the last 3 months. Universal Display Corp exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Universal Display's Coefficient Of Variation of (1,560), variance of 8.23, and Risk Adjusted Performance of (0.04) to confirm the risk estimate we provide. The entity has a beta of 1.65, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Universal Display will likely underperform. At this point, Universal Display Corp has a negative expected return of -0.21%. Please make sure to validate Universal Display's coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if Universal Display Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.60 |
Good predictability
Universal Display Corp has good predictability. Overlapping area represents the amount of predictability between Universal Display time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Universal Display Corp price movement. The serial correlation of 0.6 indicates that roughly 60.0% of current Universal Display price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.6 | |
| Spearman Rank Test | 0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 7.46 |
Universal Display Corp lagged returns against current returns
Autocorrelation, which is Universal Display 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 Universal Display's stock expected returns. We can calculate the autocorrelation of Universal Display returns to help us make a trade decision. For example, suppose you find that Universal Display 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 |
Universal Display 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 Universal Display stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Universal Display stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Universal Display stock over time.
Current vs Lagged Prices |
| Timeline |
Universal Display Lagged Returns
When evaluating Universal Display's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Universal Display stock have on its future price. Universal Display 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, Universal Display autocorrelation shows the relationship between Universal Display stock current value and its past values and can show if there is a momentum factor associated with investing in Universal Display Corp.
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 Universal Stock Analysis
When running Universal Display's price analysis, check to measure Universal Display'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 Universal Display is operating at the current time. Most of Universal Display's value examination focuses on studying past and present price action to predict the probability of Universal Display's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Universal Display's price. Additionally, you may evaluate how the addition of Universal Display to your portfolios can decrease your overall portfolio volatility.