UNION HOMES (Nigeria) Market Value
| UNHOMES Stock | 3.02 0.00 0.00% |
| Symbol | UNION |
UNION HOMES '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 HOMES'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 HOMES.
| 12/05/2024 |
| 01/04/2025 |
If you would invest 0.00 in UNION HOMES on December 5, 2024 and sell it all today you would earn a total of 0.00 from holding UNION HOMES SAVINGS or generate 0.0% return on investment in UNION HOMES over 30 days.
UNION HOMES 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 HOMES'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 HOMES SAVINGS upside and downside potential and time the market with a certain degree of confidence.
UNION HOMES Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for UNION HOMES's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as UNION HOMES's standard deviation. In reality, there are many statistical measures that can use UNION HOMES historical prices to predict the future UNION HOMES's volatility.UNION HOMES SAVINGS Backtested Returns
We have found three technical indicators for UNION HOMES SAVINGS, 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 HOMES are completely uncorrelated.
Auto-correlation | 1.00 |
Perfect predictability
UNION HOMES SAVINGS has perfect predictability. Overlapping area represents the amount of predictability between UNION HOMES time series from 5th of December 2024 to 20th of December 2024 and 20th of December 2024 to 4th 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 UNION HOMES SAVINGS price movement. The serial correlation of 1.0 indicates that 100.0% of current UNION HOMES price fluctuation can be explain by its past prices.
| Correlation Coefficient | 1.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
UNION HOMES SAVINGS lagged returns against current returns
Autocorrelation, which is UNION HOMES 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 HOMES's stock expected returns. We can calculate the autocorrelation of UNION HOMES returns to help us make a trade decision. For example, suppose you find that UNION HOMES 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 HOMES 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 HOMES stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if UNION HOMES stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in UNION HOMES stock over time.
Current vs Lagged Prices |
| Timeline |
UNION HOMES Lagged Returns
When evaluating UNION HOMES's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of UNION HOMES stock have on its future price. UNION HOMES 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 HOMES autocorrelation shows the relationship between UNION HOMES stock current value and its past values and can show if there is a momentum factor associated with investing in UNION HOMES SAVINGS.
Regressed Prices |
| Timeline |
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Additional Tools for UNION Stock Analysis
When running UNION HOMES's price analysis, check to measure UNION HOMES's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy UNION HOMES is operating at the current time. Most of UNION HOMES's value examination focuses on studying past and present price action to predict the probability of UNION HOMES's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move UNION HOMES's price. Additionally, you may evaluate how the addition of UNION HOMES to your portfolios can decrease your overall portfolio volatility.