Utime Limited Stock Market Value
| WTO Stock | 0.35 0.01 2.94% |
| Symbol | UTime |
UTime Limited Price To Book Ratio
Is Consumer Electronics space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of UTime. If investors know UTime will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about UTime listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (7.00) | Revenue Per Share 260.043 | Quarterly Revenue Growth 0.263 | Return On Assets (0.04) | Return On Equity (0.17) |
The market value of UTime Limited is measured differently than its book value, which is the value of UTime that is recorded on the company's balance sheet. Investors also form their own opinion of UTime's value that differs from its market value or its book value, called intrinsic value, which is UTime's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because UTime's market value can be influenced by many factors that don't directly affect UTime's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between UTime's value and its price as these two are different measures arrived at by different means. Investors typically determine if UTime is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, UTime'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.
UTime '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 UTime'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 UTime.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in UTime on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding UTime Limited or generate 0.0% return on investment in UTime over 30 days. UTime is related to or competes with Bill, Barrick Gold, Meiwu Technology, National Vision, Cedar Realty, Asure Software, and Getty Realty. UTime is entity of United States. It is traded as Stock on NASDAQ exchange. More
UTime 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 UTime'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 UTime Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.31) | |||
| Maximum Drawdown | 35.17 | |||
| Value At Risk | (16.67) | |||
| Potential Upside | 8.11 |
UTime Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for UTime's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as UTime's standard deviation. In reality, there are many statistical measures that can use UTime historical prices to predict the future UTime's volatility.| Risk Adjusted Performance | (0.21) | |||
| Jensen Alpha | (2.38) | |||
| Total Risk Alpha | (3.72) | |||
| Treynor Ratio | (100.97) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of UTime's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
UTime Limited Backtested Returns
UTime Limited owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.31, which indicates the firm had a -0.31% return per unit of risk over the last 3 months. UTime Limited exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate UTime's Variance of 65.03, coefficient of variation of (341.30), and Risk Adjusted Performance of (0.21) to confirm the risk estimate we provide. The entity has a beta of 0.0235, which indicates not very significant fluctuations relative to the market. As returns on the market increase, UTime's returns are expected to increase less than the market. However, during the bear market, the loss of holding UTime is expected to be smaller as well. At this point, UTime Limited has a negative expected return of -2.41%. Please make sure to validate UTime's jensen alpha, skewness, as well as the relationship between the Skewness and day typical price , to decide if UTime Limited performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.86 |
Excellent reverse predictability
UTime Limited has excellent reverse predictability. Overlapping area represents the amount of predictability between UTime time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 UTime Limited price movement. The serial correlation of -0.86 indicates that approximately 86.0% of current UTime price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.86 | |
| Spearman Rank Test | -0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
UTime Limited lagged returns against current returns
Autocorrelation, which is UTime 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 UTime's stock expected returns. We can calculate the autocorrelation of UTime returns to help us make a trade decision. For example, suppose you find that UTime 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 |
UTime 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 UTime stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if UTime stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in UTime stock over time.
Current vs Lagged Prices |
| Timeline |
UTime Lagged Returns
When evaluating UTime's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of UTime stock have on its future price. UTime 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, UTime autocorrelation shows the relationship between UTime stock current value and its past values and can show if there is a momentum factor associated with investing in UTime Limited.
Regressed Prices |
| Timeline |
Pair Trading with UTime
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if UTime position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in UTime will appreciate offsetting losses from the drop in the long position's value.Moving together with UTime Stock
Moving against UTime Stock
| 0.74 | RL | Ralph Lauren Corp | PairCorr |
| 0.63 | KTB | Kontoor Brands | PairCorr |
| 0.57 | DOGZ | Dogness International | PairCorr |
| 0.55 | BC | Brunswick | PairCorr |
| 0.53 | UAA | Under Armour A Aggressive Push | PairCorr |
The ability to find closely correlated positions to UTime could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace UTime when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back UTime - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling UTime Limited to buy it.
The correlation of UTime is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as UTime moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if UTime Limited moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for UTime can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out UTime Correlation, UTime Volatility and UTime Alpha and Beta module to complement your research on UTime. You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
UTime 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.