Unico American Stock Market Value
| UNAM Stock | USD 0.08 0.00 0.00% |
| Symbol | Unico |
Unico American '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 Unico American's pink sheet 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 Unico American.
| 02/03/2023 |
| 01/23/2025 |
If you would invest 0.00 in Unico American on February 3, 2023 and sell it all today you would earn a total of 0.00 from holding Unico American or generate 0.0% return on investment in Unico American over 720 days. Unico American is related to or competes with Selective Insurance, ProAssurance, Kemper, Skyward Specialty, and RLI Corp. Unico American Corporation, an insurance holding company, underwrites property and casualty insurance in Arizona, Califo... More
Unico American 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 Unico American's pink sheet 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 Unico American upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1528 | |||
| Maximum Drawdown | 24.77 | |||
| Potential Upside | 9.09 |
Unico American Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Unico American's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Unico American's standard deviation. In reality, there are many statistical measures that can use Unico American historical prices to predict the future Unico American's volatility.| Risk Adjusted Performance | 0.1473 | |||
| Jensen Alpha | 0.772 | |||
| Total Risk Alpha | 0.5105 | |||
| Treynor Ratio | (0.41) |
Unico American Backtested Returns
Unico American appears to be out of control, given 3 months investment horizon. Unico American owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.16, which indicates the firm had a 0.16 % return per unit of risk over the last 3 months. By inspecting Unico American's technical indicators, you can evaluate if the expected return of 0.72% is justified by implied risk. Please review Unico American's Variance of 19.12, coefficient of variation of 610.68, and Risk Adjusted Performance of 0.1473 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Unico American holds a performance score of 12. The entity has a beta of -1.73, which indicates a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Unico American are expected to decrease by larger amounts. On the other hand, during market turmoil, Unico American is expected to outperform it. Please check Unico American's variance and skewness , to make a quick decision on whether Unico American's existing price patterns will revert.
Auto-correlation | -0.89 |
Excellent reverse predictability
Unico American has excellent reverse predictability. Overlapping area represents the amount of predictability between Unico American time series from 3rd of February 2023 to 29th of January 2024 and 29th of January 2024 to 23rd 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 Unico American price movement. The serial correlation of -0.89 indicates that approximately 89.0% of current Unico American price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.89 | |
| Spearman Rank Test | -0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Unico American lagged returns against current returns
Autocorrelation, which is Unico American pink sheet'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 Unico American's pink sheet expected returns. We can calculate the autocorrelation of Unico American returns to help us make a trade decision. For example, suppose you find that Unico American has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Unico American 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 Unico American pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Unico American pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Unico American pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Unico American Lagged Returns
When evaluating Unico American's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Unico American pink sheet have on its future price. Unico American 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, Unico American autocorrelation shows the relationship between Unico American pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Unico American.
Regressed Prices |
| Timeline |
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Unico American financial ratios help investors to determine whether Unico Pink Sheet 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 Unico with respect to the benefits of owning Unico American security.