United Bank's market value is the price at which a share of United Bank trades on a public exchange. It measures the collective expectations of The United Bank investors about its performance. United Bank is trading at 14.43 as of the 19th of January 2025. This is a No Change since the beginning of the trading day. The stock's lowest day price was 14.4. With this module, you can estimate the performance of a buy and hold strategy of The United Bank and determine expected loss or profit from investing in United Bank over a given investment horizon. Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Symbol
United
United Bank '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 Bank'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 United Bank.
0.00
12/20/2024
No Change 0.00
0.0
In 31 days
01/19/2025
0.00
If you would invest 0.00 in United Bank on December 20, 2024 and sell it all today you would earn a total of 0.00 from holding The United Bank or generate 0.0% return on investment in United Bank over 30 days.
United Bank 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 Bank'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 The United Bank 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 United Bank's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as United Bank's standard deviation. In reality, there are many statistical measures that can use United Bank historical prices to predict the future United Bank's volatility.
At this point, United Bank is very steady. United Bank owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0698, which indicates the firm had a 0.0698% return per unit of risk over the last 3 months. We have found twenty-one technical indicators for The United Bank, which you can use to evaluate the volatility of the company. Please validate United Bank's Risk Adjusted Performance of 0.0558, coefficient of variation of 1431.86, and Variance of 0.4425 to confirm if the risk estimate we provide is consistent with the expected return of 0.0465%. United Bank has a performance score of 5 on a scale of 0 to 100. The entity has a beta of -0.0605, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning United Bank are expected to decrease at a much lower rate. During the bear market, United Bank is likely to outperform the market. United Bank right now has a risk of 0.67%. Please validate United Bank jensen alpha, treynor ratio, and the relationship between the information ratio and total risk alpha , to decide if United Bank will be following its existing price patterns.
Auto-correlation
0.90
Excellent predictability
The United Bank has excellent predictability. Overlapping area represents the amount of predictability between United Bank time series from 20th of December 2024 to 4th of January 2025 and 4th of January 2025 to 19th 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 United Bank price movement. The serial correlation of 0.9 indicates that approximately 90.0% of current United Bank price fluctuation can be explain by its past prices.
Correlation Coefficient
0.9
Spearman Rank Test
1.0
Residual Average
0.0
Price Variance
0.0
United Bank lagged returns against current returns
Autocorrelation, which is United Bank 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 Bank's stock expected returns. We can calculate the autocorrelation of United Bank returns to help us make a trade decision. For example, suppose you find that United Bank 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 Bank 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 Bank stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if United Bank stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in United Bank stock over time.
Current vs Lagged Prices
Timeline
United Bank Lagged Returns
When evaluating United Bank's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of United Bank stock have on its future price. United Bank 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 Bank autocorrelation shows the relationship between United Bank stock current value and its past values and can show if there is a momentum factor associated with investing in The United Bank.
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.