UNITED BUS (Mauritius) Market Value
| UBS Stock | 41.60 0.00 0.00% |
| Symbol | UNITED |
UNITED BUS '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 UNITED BUS'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 UNITED BUS.
| 12/24/2022 |
| 12/13/2024 |
If you would invest 0.00 in UNITED BUS on December 24, 2022 and sell it all today you would earn a total of 0.00 from holding UNITED BUS SERVICE or generate 0.0% return on investment in UNITED BUS over 720 days.
UNITED BUS 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 UNITED BUS'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 UNITED BUS SERVICE upside and downside potential and time the market with a certain degree of confidence.
UNITED BUS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for UNITED BUS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as UNITED BUS's standard deviation. In reality, there are many statistical measures that can use UNITED BUS historical prices to predict the future UNITED BUS's volatility.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of UNITED BUS'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.
UNITED BUS SERVICE Backtested Returns
We have found three technical indicators for UNITED BUS SERVICE, which you can use to evaluate the volatility of the company. The entity has a beta of 0.0, which indicates not very significant fluctuations relative to the market. the returns on MARKET and UNITED BUS are completely uncorrelated.
Auto-correlation | 0.90 |
Excellent predictability
UNITED BUS SERVICE has excellent predictability. Overlapping area represents the amount of predictability between UNITED BUS time series from 24th of December 2022 to 19th of December 2023 and 19th of December 2023 to 13th 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 UNITED BUS SERVICE price movement. The serial correlation of 0.9 indicates that approximately 90.0% of current UNITED BUS price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.9 | |
| Spearman Rank Test | 0.72 | |
| Residual Average | 0.0 | |
| Price Variance | 0.25 |
UNITED BUS SERVICE lagged returns against current returns
Autocorrelation, which is UNITED BUS 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 UNITED BUS's stock expected returns. We can calculate the autocorrelation of UNITED BUS returns to help us make a trade decision. For example, suppose you find that UNITED BUS 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 |
UNITED BUS 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 UNITED BUS stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if UNITED BUS stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in UNITED BUS stock over time.
Current vs Lagged Prices |
| Timeline |
UNITED BUS Lagged Returns
When evaluating UNITED BUS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of UNITED BUS stock have on its future price. UNITED BUS 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, UNITED BUS autocorrelation shows the relationship between UNITED BUS stock current value and its past values and can show if there is a momentum factor associated with investing in UNITED BUS SERVICE.
Regressed Prices |
| Timeline |
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