UFP Industries (Germany) Market Value

UF3 Stock  EUR 108.20  2.15  1.95%   
UFP Industries' market value is the price at which a share of UFP Industries trades on a public exchange. It measures the collective expectations of UFP Industries investors about its performance. UFP Industries is trading at 108.20 as of the 23rd of December 2024. This is a 1.95 percent decrease since the beginning of the trading day. The stock's lowest day price was 108.2.
With this module, you can estimate the performance of a buy and hold strategy of UFP Industries and determine expected loss or profit from investing in UFP Industries over a given investment horizon. Check out UFP Industries Correlation, UFP Industries Volatility and UFP Industries Alpha and Beta module to complement your research on UFP Industries.
For more detail on how to invest in UFP Stock please use our How to Invest in UFP Industries guide.
Symbol

Please note, there is a significant difference between UFP Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if UFP Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, UFP Industries' 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.

UFP Industries '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 UFP Industries' 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 UFP Industries.
0.00
11/23/2024
No Change 0.00  0.0 
In 30 days
12/23/2024
0.00
If you would invest  0.00  in UFP Industries on November 23, 2024 and sell it all today you would earn a total of 0.00 from holding UFP Industries or generate 0.0% return on investment in UFP Industries over 30 days. UFP Industries is related to or competes with Svenska Cellulosa, SVENSKA CELLULO, Svenska Cellulosa, Wells Fargo, Rayonier, and Boise Cascade. Universal Forest Products, Inc., through its subsidiaries, designs, manufactures, and markets wood and wood-alternative ... More

UFP Industries 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 UFP Industries' 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 UFP Industries upside and downside potential and time the market with a certain degree of confidence.

UFP Industries Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for UFP Industries' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as UFP Industries' standard deviation. In reality, there are many statistical measures that can use UFP Industries historical prices to predict the future UFP Industries' volatility.
Hype
Prediction
LowEstimatedHigh
106.20108.20110.20
Details
Intrinsic
Valuation
LowRealHigh
97.38113.94115.94
Details

UFP Industries Backtested Returns

UFP Industries owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0467, which indicates the firm had a -0.0467% return per unit of standard deviation over the last 3 months. UFP Industries exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate UFP Industries' risk adjusted performance of (0.04), and Variance of 3.96 to confirm the risk estimate we provide. The entity has a beta of 1.45, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, UFP Industries will likely underperform. At this point, UFP Industries has a negative expected return of -0.0934%. Please make sure to validate UFP Industries' skewness, daily balance of power, and the relationship between the potential upside and kurtosis , to decide if UFP Industries performance from the past will be repeated at future time.

Auto-correlation

    
  0.76  

Good predictability

UFP Industries has good predictability. Overlapping area represents the amount of predictability between UFP Industries time series from 23rd of November 2024 to 8th of December 2024 and 8th of December 2024 to 23rd 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 UFP Industries price movement. The serial correlation of 0.76 indicates that around 76.0% of current UFP Industries price fluctuation can be explain by its past prices.
Correlation Coefficient0.76
Spearman Rank Test0.59
Residual Average0.0
Price Variance39.32

UFP Industries lagged returns against current returns

Autocorrelation, which is UFP Industries 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 UFP Industries' stock expected returns. We can calculate the autocorrelation of UFP Industries returns to help us make a trade decision. For example, suppose you find that UFP Industries 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  

UFP Industries 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 UFP Industries stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if UFP Industries stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in UFP Industries stock over time.
   Current vs Lagged Prices   
       Timeline  

UFP Industries Lagged Returns

When evaluating UFP Industries' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of UFP Industries stock have on its future price. UFP Industries 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, UFP Industries autocorrelation shows the relationship between UFP Industries stock current value and its past values and can show if there is a momentum factor associated with investing in UFP Industries.
   Regressed Prices   
       Timeline  

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Additional Information and Resources on Investing in UFP Stock

When determining whether UFP Industries offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of UFP Industries' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Ufp Industries Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Ufp Industries Stock:
Check out UFP Industries Correlation, UFP Industries Volatility and UFP Industries Alpha and Beta module to complement your research on UFP Industries.
For more detail on how to invest in UFP Stock please use our How to Invest in UFP Industries guide.
You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
UFP Industries 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.
A focus of UFP Industries technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of UFP Industries trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...