UNIVERSAL INSURANCE (Nigeria) Market Value
| UNIVINSURE | 0.59 0.01 1.67% |
| Symbol | UNIVERSAL |
UNIVERSAL 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 UNIVERSAL 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 UNIVERSAL INSURANCE.
| 12/18/2024 |
| 03/18/2025 |
If you would invest 0.00 in UNIVERSAL INSURANCE on December 18, 2024 and sell it all today you would earn a total of 0.00 from holding UNIVERSAL INSURANCE PANY or generate 0.0% return on investment in UNIVERSAL INSURANCE over 90 days.
UNIVERSAL 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 UNIVERSAL 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 UNIVERSAL INSURANCE PANY upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.43 | |||
| Information Ratio | 0.1968 | |||
| Maximum Drawdown | 20.0 | |||
| Value At Risk | (8.57) | |||
| Potential Upside | 10.0 |
UNIVERSAL INSURANCE Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for UNIVERSAL INSURANCE's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as UNIVERSAL INSURANCE's standard deviation. In reality, there are many statistical measures that can use UNIVERSAL INSURANCE historical prices to predict the future UNIVERSAL INSURANCE's volatility.| Risk Adjusted Performance | 0.1647 | |||
| Jensen Alpha | 0.973 | |||
| Total Risk Alpha | 1.73 | |||
| Sortino Ratio | 0.1747 | |||
| Treynor Ratio | (2.72) |
UNIVERSAL INSURANCE PANY Backtested Returns
UNIVERSAL INSURANCE appears to be out of control, given 3 months investment horizon. UNIVERSAL INSURANCE PANY owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.16, which indicates the firm had a 0.16 % return per unit of volatility over the last 3 months. By examining UNIVERSAL INSURANCE's technical indicators, you can evaluate if the expected return of 0.94% is justified by implied risk. Please review UNIVERSAL INSURANCE's risk adjusted performance of 0.1647, and Coefficient Of Variation of 557.41 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, UNIVERSAL INSURANCE holds a performance score of 12. The entity has a beta of -0.37, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning UNIVERSAL INSURANCE are expected to decrease at a much lower rate. During the bear market, UNIVERSAL INSURANCE is likely to outperform the market. Please check UNIVERSAL INSURANCE's treynor ratio and the relationship between the semi variance and period momentum indicator , to make a quick decision on whether UNIVERSAL INSURANCE's existing price patterns will revert.
Auto-correlation | 0.02 |
Virtually no predictability
UNIVERSAL INSURANCE PANY has virtually no predictability. Overlapping area represents the amount of predictability between UNIVERSAL INSURANCE time series from 18th of December 2024 to 1st of February 2025 and 1st of February 2025 to 18th 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 UNIVERSAL INSURANCE PANY price movement. The serial correlation of 0.02 indicates that only 2.0% of current UNIVERSAL INSURANCE price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.02 | |
| Spearman Rank Test | -0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
UNIVERSAL INSURANCE PANY lagged returns against current returns
Autocorrelation, which is UNIVERSAL 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 UNIVERSAL INSURANCE's stock expected returns. We can calculate the autocorrelation of UNIVERSAL INSURANCE returns to help us make a trade decision. For example, suppose you find that UNIVERSAL 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 |
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UNIVERSAL 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 UNIVERSAL INSURANCE stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if UNIVERSAL INSURANCE stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in UNIVERSAL INSURANCE stock over time.
Current vs Lagged Prices |
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UNIVERSAL INSURANCE Lagged Returns
When evaluating UNIVERSAL INSURANCE's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of UNIVERSAL INSURANCE stock have on its future price. UNIVERSAL 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, UNIVERSAL INSURANCE autocorrelation shows the relationship between UNIVERSAL INSURANCE stock current value and its past values and can show if there is a momentum factor associated with investing in UNIVERSAL INSURANCE PANY.
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 Tools for UNIVERSAL Stock Analysis
When running UNIVERSAL INSURANCE's price analysis, check to measure UNIVERSAL INSURANCE'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 UNIVERSAL INSURANCE is operating at the current time. Most of UNIVERSAL INSURANCE's value examination focuses on studying past and present price action to predict the probability of UNIVERSAL INSURANCE's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move UNIVERSAL INSURANCE's price. Additionally, you may evaluate how the addition of UNIVERSAL INSURANCE to your portfolios can decrease your overall portfolio volatility.