United Hero (Thailand) Market Value
| UHERO Etf | 8.45 0.25 3.05% |
| Symbol | United |
United Hero '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 Hero's etf 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 Hero.
| 11/21/2024 |
| 12/21/2024 |
If you would invest 0.00 in United Hero on November 21, 2024 and sell it all today you would earn a total of 0.00 from holding United Hero ETF or generate 0.0% return on investment in United Hero over 30 days.
United Hero 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 Hero's etf 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 Hero ETF upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.77 | |||
| Information Ratio | 0.0673 | |||
| Maximum Drawdown | 5.97 | |||
| Value At Risk | (2.24) | |||
| Potential Upside | 2.31 |
United Hero Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for United Hero's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as United Hero's standard deviation. In reality, there are many statistical measures that can use United Hero historical prices to predict the future United Hero's volatility.| Risk Adjusted Performance | 0.0761 | |||
| Jensen Alpha | 0.1177 | |||
| Total Risk Alpha | 0.0762 | |||
| Sortino Ratio | 0.0523 | |||
| Treynor Ratio | (0.87) |
United Hero ETF Backtested Returns
United Hero is out of control given 3 months investment horizon. United Hero ETF owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.2, which indicates the etf had a 0.2% return per unit of risk over the last 3 months. We have analyzed thirty different technical indicators, which can help you to evaluate if expected returns of 44.36% are justified by taking the suggested risk. Use United Hero ETF Coefficient Of Variation of 1103.28, semi deviation of 1.35, and Risk Adjusted Performance of 0.0761 to evaluate company specific risk that cannot be diversified away. 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 Hero are expected to decrease at a much lower rate. During the bear market, United Hero is likely to outperform the market.
Auto-correlation | -0.68 |
Very good reverse predictability
United Hero ETF has very good reverse predictability. Overlapping area represents the amount of predictability between United Hero time series from 21st of November 2024 to 6th of December 2024 and 6th of December 2024 to 21st 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 Hero ETF price movement. The serial correlation of -0.68 indicates that around 68.0% of current United Hero price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.68 | |
| Spearman Rank Test | -0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
United Hero ETF lagged returns against current returns
Autocorrelation, which is United Hero etf'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 Hero's etf expected returns. We can calculate the autocorrelation of United Hero returns to help us make a trade decision. For example, suppose you find that United Hero has exhibited high autocorrelation historically, and you observe that the etf 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 Hero 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 Hero etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if United Hero etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in United Hero etf over time.
Current vs Lagged Prices |
| Timeline |
United Hero Lagged Returns
When evaluating United Hero's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of United Hero etf have on its future price. United Hero 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 Hero autocorrelation shows the relationship between United Hero etf current value and its past values and can show if there is a momentum factor associated with investing in United Hero ETF.
Regressed Prices |
| Timeline |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio Architect