One United (Romania) Market Value
| ONE Stock | 0.40 0.00 0.00% |
| Symbol | One |
One United '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 One United'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 One United.
| 11/27/2024 |
| 12/27/2024 |
If you would invest 0.00 in One United on November 27, 2024 and sell it all today you would earn a total of 0.00 from holding One United Properties or generate 0.0% return on investment in One United over 30 days.
One United 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 One United'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 One United Properties upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 11.26 | |||
| Value At Risk | (4.26) | |||
| Potential Upside | 4.88 |
One United Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for One United's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as One United's standard deviation. In reality, there are many statistical measures that can use One United historical prices to predict the future One United's volatility.| Risk Adjusted Performance | (0.14) | |||
| Jensen Alpha | (0.45) | |||
| Total Risk Alpha | (0.63) | |||
| Treynor Ratio | 0.559 |
One United Properties Backtested Returns
One United Properties maintains Sharpe Ratio (i.e., Efficiency) of -0.17, which implies the firm had a -0.17% return per unit of risk over the last 3 months. One United Properties exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check One United's Variance of 6.8, coefficient of variation of (548.80), and Risk Adjusted Performance of (0.14) to confirm the risk estimate we provide. The company holds a Beta of -0.87, which implies possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning One United are expected to decrease slowly. On the other hand, during market turmoil, One United is expected to outperform it slightly. At this point, One United Properties has a negative expected return of -0.45%. Please make sure to check One United's information ratio, kurtosis, price action indicator, as well as the relationship between the treynor ratio and day median price , to decide if One United Properties performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.69 |
Good predictability
One United Properties has good predictability. Overlapping area represents the amount of predictability between One United time series from 27th of November 2024 to 12th of December 2024 and 12th of December 2024 to 27th 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 One United Properties price movement. The serial correlation of 0.69 indicates that around 69.0% of current One United price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.69 | |
| Spearman Rank Test | -0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
One United Properties lagged returns against current returns
Autocorrelation, which is One United 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 One United's stock expected returns. We can calculate the autocorrelation of One United returns to help us make a trade decision. For example, suppose you find that One United 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 |
One United 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 One United stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if One United stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in One United stock over time.
Current vs Lagged Prices |
| Timeline |
One United Lagged Returns
When evaluating One United's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of One United stock have on its future price. One United 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, One United autocorrelation shows the relationship between One United stock current value and its past values and can show if there is a momentum factor associated with investing in One United Properties.
Regressed Prices |
| Timeline |
Pair Trading with One United
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 One United 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 One United will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to One United could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace One United 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 One United - 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 One United Properties to buy it.
The correlation of One United 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 One United moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if One United Properties 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 One United 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.