Unite Group (UK) Market Value
| UTG Stock | 827.50 5.50 0.66% |
| Symbol | Unite |
Unite Group '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 Unite Group's 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 Unite Group.
| 11/14/2024 |
| 12/14/2024 |
If you would invest 0.00 in Unite Group on November 14, 2024 and sell it all today you would earn a total of 0.00 from holding Unite Group PLC or generate 0.0% return on investment in Unite Group over 30 days. Unite Group is related to or competes with United Internet, AIM ImmunoTech, L3Harris Technologies, Albion Technology, Raytheon Technologies, Concurrent Technologies, and Schweiter Technologies. Unite Group is entity of United Kingdom. It is traded as Stock on LSE exchange. More
Unite Group 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 Unite Group's 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 Unite Group PLC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.36) | |||
| Maximum Drawdown | 4.82 | |||
| Value At Risk | (1.93) | |||
| Potential Upside | 1.49 |
Unite Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Unite Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Unite Group's standard deviation. In reality, there are many statistical measures that can use Unite Group historical prices to predict the future Unite Group's volatility.| Risk Adjusted Performance | (0.18) | |||
| Jensen Alpha | (0.28) | |||
| Total Risk Alpha | (0.38) | |||
| Treynor Ratio | (1.48) |
Unite Group PLC Backtested Returns
Unite Group PLC owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.24, which indicates the firm had a -0.24% return per unit of risk over the last 3 months. Unite Group PLC exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Unite Group's Risk Adjusted Performance of (0.18), coefficient of variation of (390.50), and Variance of 0.9711 to confirm the risk estimate we provide. The entity has a beta of 0.18, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Unite Group's returns are expected to increase less than the market. However, during the bear market, the loss of holding Unite Group is expected to be smaller as well. At this point, Unite Group PLC has a negative expected return of -0.24%. Please make sure to validate Unite Group's total risk alpha, skewness, rate of daily change, as well as the relationship between the maximum drawdown and accumulation distribution , to decide if Unite Group PLC performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.67 |
Very good reverse predictability
Unite Group PLC has very good reverse predictability. Overlapping area represents the amount of predictability between Unite Group time series from 14th of November 2024 to 29th of November 2024 and 29th of November 2024 to 14th 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 Unite Group PLC price movement. The serial correlation of -0.67 indicates that around 67.0% of current Unite Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.67 | |
| Spearman Rank Test | -0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 255.56 |
Unite Group PLC lagged returns against current returns
Autocorrelation, which is Unite Group 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 Unite Group's stock expected returns. We can calculate the autocorrelation of Unite Group returns to help us make a trade decision. For example, suppose you find that Unite Group 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 |
Unite Group 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 Unite Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Unite Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Unite Group stock over time.
Current vs Lagged Prices |
| Timeline |
Unite Group Lagged Returns
When evaluating Unite Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Unite Group stock have on its future price. Unite Group 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, Unite Group autocorrelation shows the relationship between Unite Group stock current value and its past values and can show if there is a momentum factor associated with investing in Unite Group PLC.
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 Unite Stock
Unite Group financial ratios help investors to determine whether Unite 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 Unite with respect to the benefits of owning Unite Group security.