Universal Power Industry Stock Market Value
| UPIN Stock | USD 0 0.0002 5.56% |
| Symbol | Universal |
Universal Power '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 Power's pink sheet 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 Power.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Universal Power on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Universal Power Industry or generate 0.0% return on investment in Universal Power over 540 days. Universal Power is related to or competes with BCE, Advanced Info, HUMANA, SCOR PK, Ab Pennsylvania, Small Cap, and Thrivent High. Universal Power Industry Corporation designs, imports, and wholesales apparel under the Indigo People brand More
Universal Power 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 Power's pink sheet 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 Power Industry upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.50) | |||
| Maximum Drawdown | 2.7 |
Universal Power Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Universal Power's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Universal Power's standard deviation. In reality, there are many statistical measures that can use Universal Power historical prices to predict the future Universal Power's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.10) | |||
| Treynor Ratio | (0.88) |
Universal Power Industry Backtested Returns
Universal Power Industry owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.13, which indicates the firm had a -0.13% return per unit of risk over the last 3 months. Universal Power Industry exposes nineteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Universal Power's Risk Adjusted Performance of (0.11), variance of 0.1107, and Coefficient Of Variation of (812.40) to confirm the risk estimate we provide. The entity has a beta of 0.0581, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Universal Power's returns are expected to increase less than the market. However, during the bear market, the loss of holding Universal Power is expected to be smaller as well. At this point, Universal Power Industry has a negative expected return of -0.0429%. Please make sure to validate Universal Power's variance, kurtosis, as well as the relationship between the Kurtosis and price action indicator , to decide if Universal Power Industry performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.61 |
Good predictability
Universal Power Industry has good predictability. Overlapping area represents the amount of predictability between Universal Power time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th of November 2024. 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 Power Industry price movement. The serial correlation of 0.61 indicates that roughly 61.0% of current Universal Power price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.61 | |
| Spearman Rank Test | 0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Universal Power Industry lagged returns against current returns
Autocorrelation, which is Universal Power pink sheet'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 Power's pink sheet expected returns. We can calculate the autocorrelation of Universal Power returns to help us make a trade decision. For example, suppose you find that Universal Power has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Universal Power 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 Power pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Universal Power pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Universal Power pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Universal Power Lagged Returns
When evaluating Universal Power's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Universal Power pink sheet have on its future price. Universal Power 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 Power autocorrelation shows the relationship between Universal Power pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Universal Power Industry.
Regressed Prices |
| Timeline |
Pair Trading with Universal Power
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 Universal Power 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 Universal Power will appreciate offsetting losses from the drop in the long position's value.Moving together with Universal Pink Sheet
| 0.69 | BKRKY | Bank Rakyat | PairCorr |
| 0.75 | BKRKF | PT Bank Rakyat | PairCorr |
| 0.61 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.67 | PPERF | Bank Mandiri Persero | PairCorr |
Moving against Universal Pink Sheet
| 0.9 | SSNLF | Samsung Electronics | PairCorr |
| 0.82 | HD | Home Depot | PairCorr |
| 0.81 | CSCO | Cisco Systems Sell-off Trend | PairCorr |
| 0.79 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.75 | HPQ | HP Inc | PairCorr |
The ability to find closely correlated positions to Universal Power could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Universal Power 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 Universal Power - 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 Universal Power Industry to buy it.
The correlation of Universal Power 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 Universal Power moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Universal Power Industry 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 Universal Power 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 Universal Pink Sheet
Universal Power financial ratios help investors to determine whether Universal Pink Sheet 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 Universal with respect to the benefits of owning Universal Power security.