UNIDOC HEALTH (Germany) Market Value
| L7T Stock | 0.30 0.01 3.23% |
| Symbol | UNIDOC |
UNIDOC HEALTH '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 UNIDOC HEALTH'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 UNIDOC HEALTH.
| 02/04/2023 |
| 01/24/2025 |
If you would invest 0.00 in UNIDOC HEALTH on February 4, 2023 and sell it all today you would earn a total of 0.00 from holding UNIDOC HEALTH P or generate 0.0% return on investment in UNIDOC HEALTH over 720 days. UNIDOC HEALTH is related to or competes with DISTRICT METALS, Games Workshop, Ringmetall, and GigaMedia. More
UNIDOC HEALTH 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 UNIDOC HEALTH'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 UNIDOC HEALTH P upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 24.82 | |||
| Value At Risk | (10.00) | |||
| Potential Upside | 9.52 |
UNIDOC HEALTH Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for UNIDOC HEALTH's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as UNIDOC HEALTH's standard deviation. In reality, there are many statistical measures that can use UNIDOC HEALTH historical prices to predict the future UNIDOC HEALTH's volatility.| Risk Adjusted Performance | 0.0067 | |||
| Jensen Alpha | 0.0395 | |||
| Total Risk Alpha | (0.31) | |||
| Treynor Ratio | 0.0158 |
UNIDOC HEALTH P Backtested Returns
UNIDOC HEALTH P owns Efficiency Ratio (i.e., Sharpe Ratio) of close to zero, which indicates the firm had a close to zero % return per unit of volatility over the last 3 months. UNIDOC HEALTH P exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate UNIDOC HEALTH's risk adjusted performance of 0.0067, and Variance of 29.17 to confirm the risk estimate we provide. The entity has a beta of -1.34, which indicates a somewhat significant risk relative to the market. As returns on the market increase, returns on owning UNIDOC HEALTH are expected to decrease by larger amounts. On the other hand, during market turmoil, UNIDOC HEALTH is expected to outperform it. At this point, UNIDOC HEALTH P has a negative expected return of -0.0112%. Please make sure to validate UNIDOC HEALTH's potential upside, daily balance of power, and the relationship between the maximum drawdown and kurtosis , to decide if UNIDOC HEALTH P performance from the past will be repeated at future time.
Auto-correlation | 0.27 |
Poor predictability
UNIDOC HEALTH P has poor predictability. Overlapping area represents the amount of predictability between UNIDOC HEALTH time series from 4th of February 2023 to 30th of January 2024 and 30th of January 2024 to 24th of January 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 UNIDOC HEALTH P price movement. The serial correlation of 0.27 indicates that nearly 27.0% of current UNIDOC HEALTH price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.27 | |
| Spearman Rank Test | -0.51 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
UNIDOC HEALTH P lagged returns against current returns
Autocorrelation, which is UNIDOC HEALTH 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 UNIDOC HEALTH's stock expected returns. We can calculate the autocorrelation of UNIDOC HEALTH returns to help us make a trade decision. For example, suppose you find that UNIDOC HEALTH 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 |
UNIDOC HEALTH 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 UNIDOC HEALTH stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if UNIDOC HEALTH stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in UNIDOC HEALTH stock over time.
Current vs Lagged Prices |
| Timeline |
UNIDOC HEALTH Lagged Returns
When evaluating UNIDOC HEALTH's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of UNIDOC HEALTH stock have on its future price. UNIDOC HEALTH 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, UNIDOC HEALTH autocorrelation shows the relationship between UNIDOC HEALTH stock current value and its past values and can show if there is a momentum factor associated with investing in UNIDOC HEALTH P.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in UNIDOC Stock
UNIDOC HEALTH financial ratios help investors to determine whether UNIDOC 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 UNIDOC with respect to the benefits of owning UNIDOC HEALTH security.