Ultra Clean (Germany) Market Value
| UCE Stock | EUR 35.00 1.00 2.78% |
| Symbol | Ultra |
Ultra Clean '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 Ultra Clean'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 Ultra Clean.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Ultra Clean on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Ultra Clean Holdings or generate 0.0% return on investment in Ultra Clean over 30 days. Ultra Clean is related to or competes with Marie Brizard, BJs Restaurants, VIRGIN WINES, PennantPark Investment, SEI INVESTMENTS, Darden Restaurants, and MGIC INVESTMENT. Ultra Clean Holdings, Inc. designs, develops, prototypes, engineers, manufactures, and tests production tools, modules, ... More
Ultra Clean 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 Ultra Clean'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 Ultra Clean Holdings upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 23.52 | |||
| Value At Risk | (4.12) | |||
| Potential Upside | 4.32 |
Ultra Clean Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ultra Clean's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ultra Clean's standard deviation. In reality, there are many statistical measures that can use Ultra Clean historical prices to predict the future Ultra Clean's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.36) | |||
| Total Risk Alpha | (1.09) | |||
| Treynor Ratio | 1.07 |
Ultra Clean Holdings Backtested Returns
Ultra Clean Holdings owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.097, which indicates the firm had a -0.097% return per unit of risk over the last 3 months. Ultra Clean Holdings exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Ultra Clean's Risk Adjusted Performance of (0.07), variance of 16.7, and Coefficient Of Variation of (1,039) to confirm the risk estimate we provide. The entity has a beta of -0.38, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Ultra Clean are expected to decrease at a much lower rate. During the bear market, Ultra Clean is likely to outperform the market. At this point, Ultra Clean Holdings has a negative expected return of -0.4%. Please make sure to validate Ultra Clean's kurtosis, daily balance of power, and the relationship between the skewness and accumulation distribution , to decide if Ultra Clean Holdings performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.78 |
Good predictability
Ultra Clean Holdings has good predictability. Overlapping area represents the amount of predictability between Ultra Clean time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th of November 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 Ultra Clean Holdings price movement. The serial correlation of 0.78 indicates that around 78.0% of current Ultra Clean price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.78 | |
| Spearman Rank Test | 0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 1.39 |
Ultra Clean Holdings lagged returns against current returns
Autocorrelation, which is Ultra Clean 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 Ultra Clean's stock expected returns. We can calculate the autocorrelation of Ultra Clean returns to help us make a trade decision. For example, suppose you find that Ultra Clean 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 |
Ultra Clean 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 Ultra Clean stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ultra Clean stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ultra Clean stock over time.
Current vs Lagged Prices |
| Timeline |
Ultra Clean Lagged Returns
When evaluating Ultra Clean's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ultra Clean stock have on its future price. Ultra Clean 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, Ultra Clean autocorrelation shows the relationship between Ultra Clean stock current value and its past values and can show if there is a momentum factor associated with investing in Ultra Clean Holdings.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Ultra Stock
When determining whether Ultra Clean Holdings is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Ultra Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Ultra Clean Holdings Stock. Highlighted below are key reports to facilitate an investment decision about Ultra Clean Holdings Stock:Check out Ultra Clean Correlation, Ultra Clean Volatility and Ultra Clean Alpha and Beta module to complement your research on Ultra Clean. You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
Ultra Clean 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.