UFP Industries (Germany) Market Value
| UF3 Stock | EUR 108.20 2.15 1.95% |
| Symbol | UFP |
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.
| 04/27/2024 |
| 12/23/2024 |
If you would invest 0.00 in UFP Industries on April 27, 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 240 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.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 10.37 | |||
| Value At Risk | (2.66) | |||
| Potential Upside | 3.95 |
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.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.17) | |||
| Treynor Ratio | (0.08) |
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' variance of 3.96, and Risk Adjusted Performance of (0.04) 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 | 0.24 |
Weak predictability
UFP Industries has weak predictability. Overlapping area represents the amount of predictability between UFP Industries time series from 27th of April 2024 to 25th of August 2024 and 25th of August 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 0.24 indicates that over 24.0% of current UFP Industries price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.24 | |
| Spearman Rank Test | 0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 57.4 |
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 |
Currently Active Assets on Macroaxis
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 Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
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.