Unit Corporation Stock Market Value
| UNTC Stock | USD 33.74 0.23 0.68% |
| Symbol | Unit |
Unit '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 Unit'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 Unit.
| 11/14/2024 |
| 12/14/2024 |
If you would invest 0.00 in Unit on November 14, 2024 and sell it all today you would earn a total of 0.00 from holding Unit Corporation or generate 0.0% return on investment in Unit over 30 days. Unit is related to or competes with BP Plc, Galp Energa, Ecopetrol, Equinor ASA, TotalEnergies, Galp Energia, and Origin Energy. Unit Corporation, together with its subsidiaries, engages in the exploration, acquisition, development, and production o... More
Unit 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 Unit'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 Unit Corporation upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.27 | |||
| Information Ratio | 0.0135 | |||
| Maximum Drawdown | 9.89 | |||
| Value At Risk | (3.57) | |||
| Potential Upside | 3.17 |
Unit Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Unit's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Unit's standard deviation. In reality, there are many statistical measures that can use Unit historical prices to predict the future Unit's volatility.| Risk Adjusted Performance | 0.048 | |||
| Jensen Alpha | 0.119 | |||
| Total Risk Alpha | (0.17) | |||
| Sortino Ratio | 0.0138 | |||
| Treynor Ratio | 4.48 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Unit'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.
Unit Backtested Returns
At this point, Unit is very steady. Unit owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0688, which indicates the firm had a 0.0688% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Unit Corporation, which you can use to evaluate the volatility of the company. Please validate Unit's Coefficient Of Variation of 1763.21, semi deviation of 2.2, and Risk Adjusted Performance of 0.048 to confirm if the risk estimate we provide is consistent with the expected return of 0.16%. Unit has a performance score of 5 on a scale of 0 to 100. The entity has a beta of 0.0271, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Unit's returns are expected to increase less than the market. However, during the bear market, the loss of holding Unit is expected to be smaller as well. Unit right now has a risk of 2.3%. Please validate Unit sortino ratio, skewness, price action indicator, as well as the relationship between the potential upside and rate of daily change , to decide if Unit will be following its existing price patterns.
Auto-correlation | -0.05 |
Very weak reverse predictability
Unit Corporation has very weak reverse predictability. Overlapping area represents the amount of predictability between Unit time series from 14th of November 2024 to 29th of November 2024 and 29th of November 2024 to 14th 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 Unit price movement. The serial correlation of -0.05 indicates that only as little as 5.0% of current Unit price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.05 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 5.02 |
Unit lagged returns against current returns
Autocorrelation, which is Unit 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 Unit's pink sheet expected returns. We can calculate the autocorrelation of Unit returns to help us make a trade decision. For example, suppose you find that Unit 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 |
Unit 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 Unit pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Unit pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Unit pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Unit Lagged Returns
When evaluating Unit's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Unit pink sheet have on its future price. Unit 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, Unit autocorrelation shows the relationship between Unit pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Unit Corporation.
Regressed Prices |
| Timeline |
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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.Other Information on Investing in Unit Pink Sheet
Unit financial ratios help investors to determine whether Unit Pink Sheet is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Unit with respect to the benefits of owning Unit security.