UNANA 2625 12 AUG 51 Market Value
| 904764BR7 | 70.81 4.98 7.56% |
| Symbol | UNANA |
Please note, there is a significant difference between UNANA's value and its price as these two are different measures arrived at by different means. Investors typically determine if UNANA is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, UNANA's 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.
UNANA '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 UNANA'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 UNANA.
| 11/05/2024 |
| 12/05/2024 |
If you would invest 0.00 in UNANA on November 5, 2024 and sell it all today you would earn a total of 0.00 from holding UNANA 2625 12 AUG 51 or generate 0.0% return on investment in UNANA over 30 days. UNANA is related to or competes with Tyson Foods, Radcom, Analog Devices, Where Food, BBB Foods, SunOpta, and Uber Technologies. More
UNANA 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 UNANA'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 UNANA 2625 12 AUG 51 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.39 | |||
| Information Ratio | 0.0366 | |||
| Maximum Drawdown | 5.91 | |||
| Value At Risk | (2.12) | |||
| Potential Upside | 2.42 |
UNANA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for UNANA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as UNANA's standard deviation. In reality, there are many statistical measures that can use UNANA historical prices to predict the future UNANA's volatility.| Risk Adjusted Performance | 0.0984 | |||
| Jensen Alpha | 0.1772 | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | 0.0432 | |||
| Treynor Ratio | 1.38 |
UNANA 2625 12 Backtested Returns
At this point, UNANA is very steady. UNANA 2625 12 retains Efficiency (Sharpe Ratio) of 0.05, which indicates the bond had a 0.05% return per unit of volatility over the last 3 months. We have found twenty-eight technical indicators for UNANA, which you can use to evaluate the volatility of the bond. Please validate UNANA's risk adjusted performance of 0.0984, and Downside Deviation of 1.39 to confirm if the risk estimate we provide is consistent with the expected return of 0.11%. The entity owns a Beta (Systematic Risk) of 0.14, which indicates not very significant fluctuations relative to the market. As returns on the market increase, UNANA's returns are expected to increase less than the market. However, during the bear market, the loss of holding UNANA is expected to be smaller as well.
Auto-correlation | -0.06 |
Very weak reverse predictability
UNANA 2625 12 AUG 51 has very weak reverse predictability. Overlapping area represents the amount of predictability between UNANA time series from 5th of November 2024 to 20th of November 2024 and 20th of November 2024 to 5th of December 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 UNANA 2625 12 price movement. The serial correlation of -0.06 indicates that barely 6.0% of current UNANA price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.06 | |
| Spearman Rank Test | 0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 4.82 |
UNANA 2625 12 lagged returns against current returns
Autocorrelation, which is UNANA 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 UNANA's bond expected returns. We can calculate the autocorrelation of UNANA returns to help us make a trade decision. For example, suppose you find that UNANA 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 |
UNANA 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 UNANA bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if UNANA bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in UNANA bond over time.
Current vs Lagged Prices |
| Timeline |
UNANA Lagged Returns
When evaluating UNANA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of UNANA bond have on its future price. UNANA 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, UNANA autocorrelation shows the relationship between UNANA bond current value and its past values and can show if there is a momentum factor associated with investing in UNANA 2625 12 AUG 51.
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.| IBTA | Ibotta, | |
| DTST | Data Storage Corp | |
| ESRT | Empire State Realty |
Other Information on Investing in UNANA Bond
UNANA financial ratios help investors to determine whether UNANA 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 UNANA with respect to the benefits of owning UNANA security.