Universal Partners' market value is the price at which a share of Universal Partners trades on a public exchange. It measures the collective expectations of Universal Partners investors about its performance. Universal Partners is trading at 2200.00 as of the 10th of January 2025, a 2.33 percent increase since the beginning of the trading day. The stock's lowest day price was 2200.0. With this module, you can estimate the performance of a buy and hold strategy of Universal Partners and determine expected loss or profit from investing in Universal Partners over a given investment horizon. Check out Universal Partners Correlation, Universal Partners Volatility and Universal Partners Alpha and Beta module to complement your research on Universal Partners.
Please note, there is a significant difference between Universal Partners' value and its price as these two are different measures arrived at by different means. Investors typically determine if Universal Partners is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Universal Partners' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Universal Partners '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 Partners' 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 Partners.
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Universal Partners' 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 Partners upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Universal Partners' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Universal Partners' standard deviation. In reality, there are many statistical measures that can use Universal Partners historical prices to predict the future Universal Partners' volatility.
At this point, Universal Partners is very steady. Universal Partners owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0932, which indicates the firm had a 0.0932% return per unit of risk over the last 3 months. We have found twenty-one technical indicators for Universal Partners, which you can use to evaluate the volatility of the company. Please validate Universal Partners' Variance of 3.26, coefficient of variation of 1124.79, and Risk Adjusted Performance of 0.0764 to confirm if the risk estimate we provide is consistent with the expected return of 0.18%. Universal Partners has a performance score of 7 on a scale of 0 to 100. The entity has a beta of -0.22, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Universal Partners are expected to decrease at a much lower rate. During the bear market, Universal Partners is likely to outperform the market. Universal Partners right now has a risk of 1.89%. Please validate Universal Partners kurtosis, day typical price, and the relationship between the treynor ratio and rate of daily change , to decide if Universal Partners will be following its existing price patterns.
Auto-correlation
0.28
Poor predictability
Universal Partners has poor predictability. Overlapping area represents the amount of predictability between Universal Partners time series from 11th of December 2024 to 26th of December 2024 and 26th of December 2024 to 10th 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 Universal Partners price movement. The serial correlation of 0.28 indicates that nearly 28.0% of current Universal Partners price fluctuation can be explain by its past prices.
Correlation Coefficient
0.28
Spearman Rank Test
1.0
Residual Average
0.0
Price Variance
3500.0
Universal Partners lagged returns against current returns
Autocorrelation, which is Universal Partners 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 Partners' stock expected returns. We can calculate the autocorrelation of Universal Partners returns to help us make a trade decision. For example, suppose you find that Universal Partners 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
Universal Partners 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 Partners stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Universal Partners stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Universal Partners stock over time.
Current vs Lagged Prices
Timeline
Universal Partners Lagged Returns
When evaluating Universal Partners' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Universal Partners stock have on its future price. Universal Partners 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 Partners autocorrelation shows the relationship between Universal Partners stock current value and its past values and can show if there is a momentum factor associated with investing in Universal Partners.
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.
Universal Partners financial ratios help investors to determine whether Universal 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 Universal with respect to the benefits of owning Universal Partners security.