Unicorn Technologies (Israel) Market Value
| UNCT Stock | 41.20 0.10 0.24% |
| Symbol | Unicorn |
Unicorn Technologies '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 Unicorn Technologies' 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 Unicorn Technologies.
| 11/20/2024 |
| 02/18/2025 |
If you would invest 0.00 in Unicorn Technologies on November 20, 2024 and sell it all today you would earn a total of 0.00 from holding Unicorn Technologies or generate 0.0% return on investment in Unicorn Technologies over 90 days. Unicorn Technologies is related to or competes with Holmes Place, Altshuler Shaham, Bio Meat, and YD More. More
Unicorn Technologies 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 Unicorn Technologies' 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 Unicorn Technologies upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.85 | |||
| Information Ratio | 0.0096 | |||
| Maximum Drawdown | 12.94 | |||
| Value At Risk | (4.07) | |||
| Potential Upside | 5.06 |
Unicorn Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Unicorn Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Unicorn Technologies' standard deviation. In reality, there are many statistical measures that can use Unicorn Technologies historical prices to predict the future Unicorn Technologies' volatility.| Risk Adjusted Performance | 0.0171 | |||
| Jensen Alpha | 0.026 | |||
| Total Risk Alpha | 0.0212 | |||
| Sortino Ratio | 0.0084 | |||
| Treynor Ratio | (0.03) |
Unicorn Technologies Backtested Returns
At this point, Unicorn Technologies is very steady. Unicorn Technologies owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0143, which indicates the firm had a 0.0143 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Unicorn Technologies , which you can use to evaluate the volatility of the company. Please validate Unicorn Technologies' Coefficient Of Variation of 7110.15, semi deviation of 2.16, and Risk Adjusted Performance of 0.0171 to confirm if the risk estimate we provide is consistent with the expected return of 0.0365%. Unicorn Technologies has a performance score of 1 on a scale of 0 to 100. The entity has a beta of -0.75, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Unicorn Technologies are expected to decrease at a much lower rate. During the bear market, Unicorn Technologies is likely to outperform the market. Unicorn Technologies right now has a risk of 2.55%. Please validate Unicorn Technologies standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to decide if Unicorn Technologies will be following its existing price patterns.
Auto-correlation | 0.54 |
Modest predictability
Unicorn Technologies has modest predictability. Overlapping area represents the amount of predictability between Unicorn Technologies time series from 20th of November 2024 to 4th of January 2025 and 4th of January 2025 to 18th of February 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 Unicorn Technologies price movement. The serial correlation of 0.54 indicates that about 54.0% of current Unicorn Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.54 | |
| Spearman Rank Test | -0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 1.4 |
Unicorn Technologies lagged returns against current returns
Autocorrelation, which is Unicorn Technologies 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 Unicorn Technologies' stock expected returns. We can calculate the autocorrelation of Unicorn Technologies returns to help us make a trade decision. For example, suppose you find that Unicorn Technologies 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 |
Unicorn Technologies 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 Unicorn Technologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Unicorn Technologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Unicorn Technologies stock over time.
Current vs Lagged Prices |
| Timeline |
Unicorn Technologies Lagged Returns
When evaluating Unicorn Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Unicorn Technologies stock have on its future price. Unicorn Technologies 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, Unicorn Technologies autocorrelation shows the relationship between Unicorn Technologies stock current value and its past values and can show if there is a momentum factor associated with investing in Unicorn Technologies .
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Unicorn Stock
Unicorn Technologies financial ratios help investors to determine whether Unicorn Stock 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 Unicorn with respect to the benefits of owning Unicorn Technologies security.