Unicredit Spa Adr Stock Market Value
| UNCRY Stock | USD 19.12 0.26 1.38% |
| Symbol | UniCredit |
UniCredit SpA '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 UniCredit SpA's pink sheet 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 UniCredit SpA.
| 11/02/2024 |
| 12/02/2024 |
If you would invest 0.00 in UniCredit SpA on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding UniCredit SpA ADR or generate 0.0% return on investment in UniCredit SpA over 30 days. UniCredit SpA is related to or competes with Banco Do, Societe Generale, BNP Paribas, Credit Agricole, DBS Group, Swedbank, and United Overseas. UniCredit S.p.A. operates as a commercial bank that provides retail, corporate, and private banking services More
UniCredit SpA 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 UniCredit SpA's pink sheet 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 UniCredit SpA ADR upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 11.55 | |||
| Value At Risk | (3.39) | |||
| Potential Upside | 2.76 |
UniCredit SpA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for UniCredit SpA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as UniCredit SpA's standard deviation. In reality, there are many statistical measures that can use UniCredit SpA historical prices to predict the future UniCredit SpA's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | 0.0226 | |||
| Total Risk Alpha | (0.34) | |||
| Treynor Ratio | 0.0785 |
UniCredit SpA ADR Backtested Returns
UniCredit SpA ADR owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0142, which indicates the firm had a -0.0142% return per unit of risk over the last 3 months. UniCredit SpA ADR exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate UniCredit SpA's Risk Adjusted Performance of (0.01), variance of 3.35, and Coefficient Of Variation of (7,023) to confirm the risk estimate we provide. The entity has a beta of -0.46, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning UniCredit SpA are expected to decrease at a much lower rate. During the bear market, UniCredit SpA is likely to outperform the market. At this point, UniCredit SpA ADR has a negative expected return of -0.0261%. Please make sure to validate UniCredit SpA's jensen alpha, skewness, as well as the relationship between the Skewness and day typical price , to decide if UniCredit SpA ADR performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.65 |
Good predictability
UniCredit SpA ADR has good predictability. Overlapping area represents the amount of predictability between UniCredit SpA time series from 2nd of November 2024 to 17th of November 2024 and 17th of November 2024 to 2nd 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 UniCredit SpA ADR price movement. The serial correlation of 0.65 indicates that roughly 65.0% of current UniCredit SpA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.65 | |
| Spearman Rank Test | 0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 0.32 |
UniCredit SpA ADR lagged returns against current returns
Autocorrelation, which is UniCredit SpA pink sheet'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 UniCredit SpA's pink sheet expected returns. We can calculate the autocorrelation of UniCredit SpA returns to help us make a trade decision. For example, suppose you find that UniCredit SpA has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
UniCredit SpA 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 UniCredit SpA pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if UniCredit SpA pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in UniCredit SpA pink sheet over time.
Current vs Lagged Prices |
| Timeline |
UniCredit SpA Lagged Returns
When evaluating UniCredit SpA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of UniCredit SpA pink sheet have on its future price. UniCredit SpA 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, UniCredit SpA autocorrelation shows the relationship between UniCredit SpA pink sheet current value and its past values and can show if there is a momentum factor associated with investing in UniCredit SpA ADR.
Regressed Prices |
| Timeline |
Also Currently Popular
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.Additional Tools for UniCredit Pink Sheet Analysis
When running UniCredit SpA's price analysis, check to measure UniCredit SpA's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy UniCredit SpA is operating at the current time. Most of UniCredit SpA's value examination focuses on studying past and present price action to predict the probability of UniCredit SpA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move UniCredit SpA's price. Additionally, you may evaluate how the addition of UniCredit SpA to your portfolios can decrease your overall portfolio volatility.