Union National (Egypt) Market Value
| UNBE Stock | 6.43 0.00 0.00% |
| Symbol | Union |
Union National '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 Union National'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 Union National.
| 11/15/2024 |
| 12/15/2024 |
If you would invest 0.00 in Union National on November 15, 2024 and sell it all today you would earn a total of 0.00 from holding Union National Bank or generate 0.0% return on investment in Union National over 30 days.
Union National 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 Union National'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 Union National Bank upside and downside potential and time the market with a certain degree of confidence.
Union National Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Union National's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Union National's standard deviation. In reality, there are many statistical measures that can use Union National historical prices to predict the future Union National's volatility.Union National Bank Backtested Returns
We have found three technical indicators for Union National Bank, which you can use to evaluate the volatility of the company. The entity has a beta of 0.0, which indicates not very significant fluctuations relative to the market. the returns on MARKET and Union National are completely uncorrelated.
Auto-correlation | 0.00 |
No correlation between past and present
Union National Bank has no correlation between past and present. Overlapping area represents the amount of predictability between Union National time series from 15th of November 2024 to 30th of November 2024 and 30th of November 2024 to 15th 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 Union National Bank price movement. The serial correlation of 0.0 indicates that just 0.0% of current Union National price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Union National Bank lagged returns against current returns
Autocorrelation, which is Union National 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 Union National's stock expected returns. We can calculate the autocorrelation of Union National returns to help us make a trade decision. For example, suppose you find that Union National 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 |
Union National 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 Union National stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Union National stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Union National stock over time.
Current vs Lagged Prices |
| Timeline |
Union National Lagged Returns
When evaluating Union National's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Union National stock have on its future price. Union National 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, Union National autocorrelation shows the relationship between Union National stock current value and its past values and can show if there is a momentum factor associated with investing in Union National Bank.
Regressed Prices |
| Timeline |