UBER TECHNOLOGIES INC Market Value
| 90353TAG5 | 98.71 2.35 2.33% |
| Symbol | 90353TAG5 |
90353TAG5 '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 90353TAG5's bond 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 90353TAG5.
| 08/31/2024 |
| 11/29/2024 |
If you would invest 0.00 in 90353TAG5 on August 31, 2024 and sell it all today you would earn a total of 0.00 from holding UBER TECHNOLOGIES INC or generate 0.0% return on investment in 90353TAG5 over 90 days. 90353TAG5 is related to or competes with Freedom Holding, Morgan Stanley, Aldel Financial, Dave Busters, KVH Industries, Western Acquisition, and Equinix. More
90353TAG5 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 90353TAG5's bond 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 UBER TECHNOLOGIES INC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 9.67 | |||
| Value At Risk | (1.04) | |||
| Potential Upside | 0.4876 |
90353TAG5 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 90353TAG5's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 90353TAG5's standard deviation. In reality, there are many statistical measures that can use 90353TAG5 historical prices to predict the future 90353TAG5's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.23) | |||
| Treynor Ratio | (0.34) |
UBER TECHNOLOGIES INC Backtested Returns
UBER TECHNOLOGIES INC secures Sharpe Ratio (or Efficiency) of -0.11, which signifies that the bond had a -0.11% return per unit of price deviation over the last 3 months. UBER TECHNOLOGIES INC exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 90353TAG5's Risk Adjusted Performance of (0.01), coefficient of variation of (4,777), and Variance of 1.68 to double-check the risk estimate we provide. The entity shows a Beta (market volatility) of 0.11, which signifies not very significant fluctuations relative to the market. As returns on the market increase, 90353TAG5's returns are expected to increase less than the market. However, during the bear market, the loss of holding 90353TAG5 is expected to be smaller as well.
Auto-correlation | 0.16 |
Very weak predictability
UBER TECHNOLOGIES INC has very weak predictability. Overlapping area represents the amount of predictability between 90353TAG5 time series from 31st of August 2024 to 15th of October 2024 and 15th of October 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 UBER TECHNOLOGIES INC price movement. The serial correlation of 0.16 indicates that over 16.0% of current 90353TAG5 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.16 | |
| Spearman Rank Test | -0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
UBER TECHNOLOGIES INC lagged returns against current returns
Autocorrelation, which is 90353TAG5 bond'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 90353TAG5's bond expected returns. We can calculate the autocorrelation of 90353TAG5 returns to help us make a trade decision. For example, suppose you find that 90353TAG5 has exhibited high autocorrelation historically, and you observe that the bond 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 |
90353TAG5 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 90353TAG5 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 90353TAG5 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 90353TAG5 bond over time.
Current vs Lagged Prices |
| Timeline |
90353TAG5 Lagged Returns
When evaluating 90353TAG5's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 90353TAG5 bond have on its future price. 90353TAG5 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, 90353TAG5 autocorrelation shows the relationship between 90353TAG5 bond current value and its past values and can show if there is a momentum factor associated with investing in UBER TECHNOLOGIES INC.
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.Other Information on Investing in 90353TAG5 Bond
90353TAG5 financial ratios help investors to determine whether 90353TAG5 Bond 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 90353TAG5 with respect to the benefits of owning 90353TAG5 security.