Universal Health's market value is the price at which a share of Universal Health trades on a public exchange. It measures the collective expectations of Universal Health Services, investors about its performance. Universal Health is trading at 293.93 as of the 4th of January 2025, a No Change since the beginning of the trading day. The stock's open price was 293.93. With this module, you can estimate the performance of a buy and hold strategy of Universal Health Services, and determine expected loss or profit from investing in Universal Health over a given investment horizon. Check out Universal Health Correlation, Universal Health Volatility and Universal Health Alpha and Beta module to complement your research on Universal Health.
Please note, there is a significant difference between Universal Health's value and its price as these two are different measures arrived at by different means. Investors typically determine if Universal Health is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Universal Health's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Universal 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 Universal 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 Universal Health.
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12/05/2024
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In 31 days
01/04/2025
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If you would invest 0.00 in Universal Health on December 5, 2024 and sell it all today you would earn a total of 0.00 from holding Universal Health Services, or generate 0.0% return on investment in Universal Health over 30 days. Universal Health is related to or competes with Synchrony Financial, Lloyds Banking, Ameriprise Financial, and Citizens Financial. Universal Health Services, Inc., through its subsidiaries, owns and operates acute care hospitals, and outpatient and be... More
Universal 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 Universal 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 Universal Health Services, upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Universal Health's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Universal Health's standard deviation. In reality, there are many statistical measures that can use Universal Health historical prices to predict the future Universal Health's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Universal Health. Your research has to be compared to or analyzed against Universal Health's peers to derive any actionable benefits. When done correctly, Universal Health's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Universal Health Ser.
Universal Health Ser Backtested Returns
Universal Health Ser owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0018, which indicates the firm had a -0.0018% return per unit of risk over the last 3 months. Universal Health Services, exposes seventeen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Universal Health's Coefficient Of Variation of (58,480), risk adjusted performance of 0.0049, and Variance of 4.72 to confirm the risk estimate we provide. The entity has a beta of -0.0865, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Universal Health are expected to decrease at a much lower rate. During the bear market, Universal Health is likely to outperform the market. At this point, Universal Health Ser has a negative expected return of -0.0042%. Please make sure to validate Universal Health's information ratio, maximum drawdown, skewness, as well as the relationship between the jensen alpha and potential upside , to decide if Universal Health Ser performance from the past will be repeated at some point in the near future.
Auto-correlation
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No correlation between past and present
Universal Health Services, has no correlation between past and present. Overlapping area represents the amount of predictability between Universal Health time series from 5th of December 2024 to 20th of December 2024 and 20th of December 2024 to 4th 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 Universal Health Ser price movement. The serial correlation of 0.0 indicates that just 0.0% of current Universal Health price fluctuation can be explain by its past prices.
Correlation Coefficient
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Spearman Rank Test
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Residual Average
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Price Variance
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Universal Health Ser lagged returns against current returns
Autocorrelation, which is Universal 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 Universal Health's stock expected returns. We can calculate the autocorrelation of Universal Health returns to help us make a trade decision. For example, suppose you find that Universal 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
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Universal 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 Universal Health stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Universal Health stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Universal Health stock over time.
Current vs Lagged Prices
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Universal Health Lagged Returns
When evaluating Universal Health's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Universal Health stock have on its future price. Universal 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, Universal Health autocorrelation shows the relationship between Universal Health stock current value and its past values and can show if there is a momentum factor associated with investing in Universal Health Services,.
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.
Universal Health financial ratios help investors to determine whether Universal 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 Universal with respect to the benefits of owning Universal Health security.