United Airlines (Brazil) Market Value
| U1AL34 Stock | BRL 294.64 2.64 0.90% |
| Symbol | United |
United Airlines '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 United Airlines' 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 United Airlines.
| 09/13/2024 |
| 12/12/2024 |
If you would invest 0.00 in United Airlines on September 13, 2024 and sell it all today you would earn a total of 0.00 from holding United Airlines Holdings or generate 0.0% return on investment in United Airlines over 90 days. United Airlines is related to or competes with Align Technology, Home Depot, Paycom Software, Unity Software, and TAL Education. United Airlines Holdings, Inc., through its subsidiaries, provides air transportation services in North America, Asia, E... More
United Airlines 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 United Airlines' 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 United Airlines Holdings upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.22 | |||
| Information Ratio | 0.3598 | |||
| Maximum Drawdown | 18.77 | |||
| Value At Risk | (2.92) | |||
| Potential Upside | 6.59 |
United Airlines Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for United Airlines' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as United Airlines' standard deviation. In reality, there are many statistical measures that can use United Airlines historical prices to predict the future United Airlines' volatility.| Risk Adjusted Performance | 0.2973 | |||
| Jensen Alpha | 1.22 | |||
| Total Risk Alpha | 0.7229 | |||
| Sortino Ratio | 0.4898 | |||
| Treynor Ratio | (8.95) |
United Airlines Holdings Backtested Returns
United Airlines is very steady given 3 months investment horizon. United Airlines Holdings owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.4, which indicates the firm had a 0.4% return per unit of risk over the last 3 months. We were able to analyze thirty different technical indicators, which can help you to evaluate if expected returns of 1.23% are justified by taking the suggested risk. Use United Airlines Holdings Semi Deviation of 1.2, risk adjusted performance of 0.2973, and Coefficient Of Variation of 249.36 to evaluate company specific risk that cannot be diversified away. United Airlines holds a performance score of 31 on a scale of zero to a hundred. The entity has a beta of -0.13, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning United Airlines are expected to decrease at a much lower rate. During the bear market, United Airlines is likely to outperform the market. Use United Airlines Holdings total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to analyze future returns on United Airlines Holdings.
Auto-correlation | 0.89 |
Very good predictability
United Airlines Holdings has very good predictability. Overlapping area represents the amount of predictability between United Airlines time series from 13th of September 2024 to 28th of October 2024 and 28th of October 2024 to 12th 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 United Airlines Holdings price movement. The serial correlation of 0.89 indicates that approximately 89.0% of current United Airlines price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.89 | |
| Spearman Rank Test | 0.94 | |
| Residual Average | 0.0 | |
| Price Variance | 723.65 |
United Airlines Holdings lagged returns against current returns
Autocorrelation, which is United Airlines 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 United Airlines' stock expected returns. We can calculate the autocorrelation of United Airlines returns to help us make a trade decision. For example, suppose you find that United Airlines 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 |
United Airlines 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 United Airlines stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if United Airlines stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in United Airlines stock over time.
Current vs Lagged Prices |
| Timeline |
United Airlines Lagged Returns
When evaluating United Airlines' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of United Airlines stock have on its future price. United Airlines 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, United Airlines autocorrelation shows the relationship between United Airlines stock current value and its past values and can show if there is a momentum factor associated with investing in United Airlines Holdings.
Regressed Prices |
| Timeline |
Also Currently Popular
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 Information and Resources on Investing in United Stock
When determining whether United Airlines Holdings is a strong investment it is important to analyze United Airlines' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact United Airlines' future performance. For an informed investment choice regarding United Stock, refer to the following important reports:Check out United Airlines Correlation, United Airlines Volatility and United Airlines Alpha and Beta module to complement your research on United Airlines. You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
United Airlines 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.