United Insurance (Pakistan) Market Value
| UNIC Stock | 17.37 0.28 1.59% |
| Symbol | United |
United Insurance '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 United Insurance'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 United Insurance.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in United Insurance on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding United Insurance or generate 0.0% return on investment in United Insurance over 90 days. United Insurance is related to or competes with Avanceon, Grays Leasing, Nimir Industrial, Pakistan Telecommunicatio, and Synthetic Products. More
United Insurance 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 United Insurance'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 United Insurance upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.76 | |||
| Information Ratio | 0.1272 | |||
| Maximum Drawdown | 8.75 | |||
| Value At Risk | (2.67) | |||
| Potential Upside | 3.1 |
United Insurance Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for United Insurance's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as United Insurance's standard deviation. In reality, there are many statistical measures that can use United Insurance historical prices to predict the future United Insurance's volatility.| Risk Adjusted Performance | 0.0688 | |||
| Jensen Alpha | 0.0888 | |||
| Total Risk Alpha | 0.3519 | |||
| Sortino Ratio | 0.1323 | |||
| Treynor Ratio | (0.39) |
United Insurance Backtested Returns
At this point, United Insurance is not too volatile. United Insurance owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0707, which indicates the firm had a 0.0707 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for United Insurance, which you can use to evaluate the volatility of the company. Please validate United Insurance's Coefficient Of Variation of 1370.03, semi deviation of 1.55, and Risk Adjusted Performance of 0.0688 to confirm if the risk estimate we provide is consistent with the expected return of 0.13%. United Insurance has a performance score of 5 on a scale of 0 to 100. The entity has a beta of -0.32, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning United Insurance are expected to decrease at a much lower rate. During the bear market, United Insurance is likely to outperform the market. United Insurance right now has a risk of 1.9%. Please validate United Insurance standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to decide if United Insurance will be following its existing price patterns.
Auto-correlation | 0.39 |
Below average predictability
United Insurance has below average predictability. Overlapping area represents the amount of predictability between United Insurance time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th 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 United Insurance price movement. The serial correlation of 0.39 indicates that just about 39.0% of current United Insurance price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.39 | |
| Spearman Rank Test | 0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
United Insurance lagged returns against current returns
Autocorrelation, which is United Insurance 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 United Insurance's stock expected returns. We can calculate the autocorrelation of United Insurance returns to help us make a trade decision. For example, suppose you find that United Insurance 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 |
United Insurance 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 United Insurance stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if United Insurance stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in United Insurance stock over time.
Current vs Lagged Prices |
| Timeline |
United Insurance Lagged Returns
When evaluating United Insurance's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of United Insurance stock have on its future price. United Insurance 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, United Insurance autocorrelation shows the relationship between United Insurance stock current value and its past values and can show if there is a momentum factor associated with investing in United Insurance.
Regressed Prices |
| Timeline |
Pair Trading with United Insurance
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if United Insurance position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in United Insurance will appreciate offsetting losses from the drop in the long position's value.Moving together with United Stock
Moving against United Stock
| 0.67 | PTC | Pakistan Telecommunicatio | PairCorr |
| 0.65 | GATM | Gul Ahmed Textile | PairCorr |
| 0.64 | KEL | K Electric | PairCorr |
| 0.59 | PSO | Pakistan State Oil | PairCorr |
The ability to find closely correlated positions to United Insurance could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace United Insurance when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back United Insurance - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling United Insurance to buy it.
The correlation of United Insurance is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as United Insurance moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if United Insurance moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for United Insurance can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in United Stock
United Insurance financial ratios help investors to determine whether United 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 United with respect to the benefits of owning United Insurance security.