UNIVMUSIC GRPADR/050 (Germany) Market Value
| 0VD0 Stock | 13.60 0.20 1.45% |
| Symbol | UNIVMUSIC |
UNIVMUSIC GRPADR/050 '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 UNIVMUSIC GRPADR/050'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 UNIVMUSIC GRPADR/050.
| 01/28/2025 |
| 02/27/2025 |
If you would invest 0.00 in UNIVMUSIC GRPADR/050 on January 28, 2025 and sell it all today you would earn a total of 0.00 from holding UNIVMUSIC GRPADR050 or generate 0.0% return on investment in UNIVMUSIC GRPADR/050 over 30 days. UNIVMUSIC GRPADR/050 is related to or competes with Firan Technology, Aya Gold, Major Drilling, MINCO SILVER, and CanSino Biologics. More
UNIVMUSIC GRPADR/050 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 UNIVMUSIC GRPADR/050'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 UNIVMUSIC GRPADR050 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.7 | |||
| Information Ratio | 0.2539 | |||
| Maximum Drawdown | 8.56 | |||
| Value At Risk | (1.67) | |||
| Potential Upside | 2.33 |
UNIVMUSIC GRPADR/050 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for UNIVMUSIC GRPADR/050's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as UNIVMUSIC GRPADR/050's standard deviation. In reality, there are many statistical measures that can use UNIVMUSIC GRPADR/050 historical prices to predict the future UNIVMUSIC GRPADR/050's volatility.| Risk Adjusted Performance | 0.1934 | |||
| Jensen Alpha | 0.346 | |||
| Total Risk Alpha | 0.3556 | |||
| Sortino Ratio | 0.2062 | |||
| Treynor Ratio | 0.9006 |
UNIVMUSIC GRPADR/050 Backtested Returns
UNIVMUSIC GRPADR/050 appears to be very steady, given 3 months investment horizon. UNIVMUSIC GRPADR/050 owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.26, which indicates the firm had a 0.26 % return per unit of volatility over the last 3 months. We have found thirty technical indicators for UNIVMUSIC GRPADR050, which you can use to evaluate the volatility of the company. Please review UNIVMUSIC GRPADR/050's risk adjusted performance of 0.1934, and Coefficient Of Variation of 389.89 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, UNIVMUSIC GRPADR/050 holds a performance score of 20. The entity has a beta of 0.38, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, UNIVMUSIC GRPADR/050's returns are expected to increase less than the market. However, during the bear market, the loss of holding UNIVMUSIC GRPADR/050 is expected to be smaller as well. Please check UNIVMUSIC GRPADR/050's market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to make a quick decision on whether UNIVMUSIC GRPADR/050's existing price patterns will revert.
Auto-correlation | -0.19 |
Insignificant reverse predictability
UNIVMUSIC GRPADR050 has insignificant reverse predictability. Overlapping area represents the amount of predictability between UNIVMUSIC GRPADR/050 time series from 28th of January 2025 to 12th of February 2025 and 12th of February 2025 to 27th of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of UNIVMUSIC GRPADR/050 price movement. The serial correlation of -0.19 indicates that over 19.0% of current UNIVMUSIC GRPADR/050 price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.19 | |
| Spearman Rank Test | -0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
UNIVMUSIC GRPADR/050 lagged returns against current returns
Autocorrelation, which is UNIVMUSIC GRPADR/050 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 UNIVMUSIC GRPADR/050's stock expected returns. We can calculate the autocorrelation of UNIVMUSIC GRPADR/050 returns to help us make a trade decision. For example, suppose you find that UNIVMUSIC GRPADR/050 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 |
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UNIVMUSIC GRPADR/050 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 UNIVMUSIC GRPADR/050 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if UNIVMUSIC GRPADR/050 stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in UNIVMUSIC GRPADR/050 stock over time.
Current vs Lagged Prices |
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UNIVMUSIC GRPADR/050 Lagged Returns
When evaluating UNIVMUSIC GRPADR/050's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of UNIVMUSIC GRPADR/050 stock have on its future price. UNIVMUSIC GRPADR/050 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, UNIVMUSIC GRPADR/050 autocorrelation shows the relationship between UNIVMUSIC GRPADR/050 stock current value and its past values and can show if there is a momentum factor associated with investing in UNIVMUSIC GRPADR050.
Regressed Prices |
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Currently Active Assets on Macroaxis
Other Information on Investing in UNIVMUSIC Stock
UNIVMUSIC GRPADR/050 financial ratios help investors to determine whether UNIVMUSIC 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 UNIVMUSIC with respect to the benefits of owning UNIVMUSIC GRPADR/050 security.