Universal Display (Germany) Market Value
| UVD Stock | EUR 136.25 0.60 0.44% |
| Symbol | Universal |
Universal Display '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 Display'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 Universal Display.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in Universal Display on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Universal Display or generate 0.0% return on investment in Universal Display over 90 days. Universal Display is related to or competes with ADRIATIC METALS, North American, AUST AGRICULTURAL, Hitachi Construction, Titan Machinery, and MCEWEN MINING. Universal Display Corporation engages in the research, development, and commercialization of organic light emitting diod... More
Universal Display 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 Universal Display'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 Universal Display upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 12.02 | |||
| Value At Risk | (4.09) | |||
| Potential Upside | 3.36 |
Universal Display Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Universal Display's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Universal Display's standard deviation. In reality, there are many statistical measures that can use Universal Display historical prices to predict the future Universal Display's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | 0.1412 | |||
| Treynor Ratio | 3.71 |
Universal Display Backtested Returns
Universal Display owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0791, which indicates the firm had a -0.0791 % return per unit of risk over the last 3 months. Universal Display exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Universal Display's Coefficient Of Variation of (1,767), variance of 4.85, and Risk Adjusted Performance of (0.04) to confirm the risk estimate we provide. The entity has a beta of -0.0363, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Universal Display are expected to decrease at a much lower rate. During the bear market, Universal Display is likely to outperform the market. At this point, Universal Display has a negative expected return of -0.18%. Please make sure to validate Universal Display's skewness, day median price, and the relationship between the treynor ratio and daily balance of power , to decide if Universal Display performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.2 |
Insignificant reverse predictability
Universal Display has insignificant reverse predictability. Overlapping area represents the amount of predictability between Universal Display time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th of March 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 Display price movement. The serial correlation of -0.2 indicates that over 20.0% of current Universal Display price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.2 | |
| Spearman Rank Test | -0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 24.61 |
Universal Display lagged returns against current returns
Autocorrelation, which is Universal Display 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 Display's stock expected returns. We can calculate the autocorrelation of Universal Display returns to help us make a trade decision. For example, suppose you find that Universal Display 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 Display 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 Display stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Universal Display stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Universal Display stock over time.
Current vs Lagged Prices |
| Timeline |
Universal Display Lagged Returns
When evaluating Universal Display's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Universal Display stock have on its future price. Universal Display 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 Display autocorrelation shows the relationship between Universal Display stock current value and its past values and can show if there is a momentum factor associated with investing in Universal Display.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Universal Stock
When determining whether Universal Display is a strong investment it is important to analyze Universal Display's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Universal Display's future performance. For an informed investment choice regarding Universal Stock, refer to the following important reports:Check out Universal Display Correlation, Universal Display Volatility and Universal Display Alpha and Beta module to complement your research on Universal Display. For more detail on how to invest in Universal Stock please use our How to Invest in Universal Display guide.You can also try the Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
Universal Display technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.