UnitedHealth Group (Brazil) Market Value
| UNHH34 Stock | 39.81 0.11 0.28% |
| Symbol | UnitedHealth |
UnitedHealth Group '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 UnitedHealth Group'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 UnitedHealth Group.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in UnitedHealth Group on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding UnitedHealth Group Incorporated or generate 0.0% return on investment in UnitedHealth Group over 90 days. UnitedHealth Group is related to or competes with Keysight Technologies,, Agilent Technologies, Uber Technologies, and Micron Technology. More
UnitedHealth Group 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 UnitedHealth Group'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 UnitedHealth Group Incorporated upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 13.42 | |||
| Value At Risk | (5.12) | |||
| Potential Upside | 3.11 |
UnitedHealth Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for UnitedHealth Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as UnitedHealth Group's standard deviation. In reality, there are many statistical measures that can use UnitedHealth Group historical prices to predict the future UnitedHealth Group's volatility.| Risk Adjusted Performance | (0.1) | |||
| Jensen Alpha | (0.27) | |||
| Total Risk Alpha | 0.0026 | |||
| Treynor Ratio | (1.28) |
UnitedHealth Group Backtested Returns
UnitedHealth Group owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0634, which indicates the firm had a -0.0634 % return per unit of risk over the last 3 months. UnitedHealth Group Incorporated exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate UnitedHealth Group's Risk Adjusted Performance of (0.1), coefficient of variation of (833.31), and Variance of 5.75 to confirm the risk estimate we provide. The entity has a beta of 0.23, which indicates not very significant fluctuations relative to the market. As returns on the market increase, UnitedHealth Group's returns are expected to increase less than the market. However, during the bear market, the loss of holding UnitedHealth Group is expected to be smaller as well. At this point, UnitedHealth Group has a negative expected return of -0.14%. Please make sure to validate UnitedHealth Group's maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to decide if UnitedHealth Group performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.51 |
Good reverse predictability
UnitedHealth Group Incorporated has good reverse predictability. Overlapping area represents the amount of predictability between UnitedHealth Group time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th of March 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 UnitedHealth Group price movement. The serial correlation of -0.51 indicates that about 51.0% of current UnitedHealth Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.51 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 5.81 |
UnitedHealth Group lagged returns against current returns
Autocorrelation, which is UnitedHealth Group 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 UnitedHealth Group's stock expected returns. We can calculate the autocorrelation of UnitedHealth Group returns to help us make a trade decision. For example, suppose you find that UnitedHealth Group 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 |
UnitedHealth Group 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 UnitedHealth Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if UnitedHealth Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in UnitedHealth Group stock over time.
Current vs Lagged Prices |
| Timeline |
UnitedHealth Group Lagged Returns
When evaluating UnitedHealth Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of UnitedHealth Group stock have on its future price. UnitedHealth Group 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, UnitedHealth Group autocorrelation shows the relationship between UnitedHealth Group stock current value and its past values and can show if there is a momentum factor associated with investing in UnitedHealth Group Incorporated.
Regressed Prices |
| Timeline |
Also Currently Popular
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.Additional Information and Resources on Investing in UnitedHealth Stock
When determining whether UnitedHealth Group offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of UnitedHealth Group's 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 Unitedhealth Group Incorporated Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Unitedhealth Group Incorporated Stock:Check out UnitedHealth Group Correlation, UnitedHealth Group Volatility and UnitedHealth Group Alpha and Beta module to complement your research on UnitedHealth Group. You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
UnitedHealth Group 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.