UNITEDHEALTH GROUP INC Market Value
| 91324PCW0 | 97.99 0.02 0.02% |
| Symbol | UNITEDHEALTH |
UNITEDHEALTH '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 UNITEDHEALTH'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 UNITEDHEALTH.
| 12/28/2022 |
| 12/17/2024 |
If you would invest 0.00 in UNITEDHEALTH on December 28, 2022 and sell it all today you would earn a total of 0.00 from holding UNITEDHEALTH GROUP INC or generate 0.0% return on investment in UNITEDHEALTH over 720 days. UNITEDHEALTH is related to or competes with Stepan, Sun Life, Axalta Coating, NL Industries, Hudson Technologies, Luxfer Holdings, and Old Republic. More
UNITEDHEALTH 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 UNITEDHEALTH'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 UNITEDHEALTH GROUP INC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 4.87 | |||
| Value At Risk | (1.65) | |||
| Potential Upside | 1.68 |
UNITEDHEALTH Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for UNITEDHEALTH's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as UNITEDHEALTH's standard deviation. In reality, there are many statistical measures that can use UNITEDHEALTH historical prices to predict the future UNITEDHEALTH's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.16) | |||
| Treynor Ratio | (0.47) |
UNITEDHEALTH GROUP INC Backtested Returns
UNITEDHEALTH GROUP INC owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0622, which indicates the bond had a -0.0622% return per unit of volatility over the last 3 months. UNITEDHEALTH GROUP INC exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate UNITEDHEALTH's risk adjusted performance of (0.03), and Variance of 0.9688 to confirm the risk estimate we provide. The entity has a beta of 0.12, which indicates not very significant fluctuations relative to the market. As returns on the market increase, UNITEDHEALTH's returns are expected to increase less than the market. However, during the bear market, the loss of holding UNITEDHEALTH is expected to be smaller as well.
Auto-correlation | -0.65 |
Very good reverse predictability
UNITEDHEALTH GROUP INC has very good reverse predictability. Overlapping area represents the amount of predictability between UNITEDHEALTH time series from 28th of December 2022 to 23rd of December 2023 and 23rd of December 2023 to 17th 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 UNITEDHEALTH GROUP INC price movement. The serial correlation of -0.65 indicates that roughly 65.0% of current UNITEDHEALTH price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.65 | |
| Spearman Rank Test | -0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.95 |
UNITEDHEALTH GROUP INC lagged returns against current returns
Autocorrelation, which is UNITEDHEALTH 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 UNITEDHEALTH's bond expected returns. We can calculate the autocorrelation of UNITEDHEALTH returns to help us make a trade decision. For example, suppose you find that UNITEDHEALTH 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 |
UNITEDHEALTH 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 UNITEDHEALTH bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if UNITEDHEALTH bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in UNITEDHEALTH bond over time.
Current vs Lagged Prices |
| Timeline |
UNITEDHEALTH Lagged Returns
When evaluating UNITEDHEALTH's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of UNITEDHEALTH bond have on its future price. UNITEDHEALTH 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, UNITEDHEALTH autocorrelation shows the relationship between UNITEDHEALTH bond current value and its past values and can show if there is a momentum factor associated with investing in UNITEDHEALTH GROUP INC.
Regressed Prices |
| Timeline |
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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 UNITEDHEALTH Bond
UNITEDHEALTH financial ratios help investors to determine whether UNITEDHEALTH 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 UNITEDHEALTH with respect to the benefits of owning UNITEDHEALTH security.