Universal Partners (South Africa) Market Value
| UPL Stock | 1,900 144.00 8.20% |
| Symbol | Universal |
Universal Partners '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 Universal Partners' 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 Universal Partners.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Universal Partners on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Universal Partners or generate 0.0% return on investment in Universal Partners over 30 days. Universal Partners is related to or competes with Reinet Investments, Zeder Investments, Sabvest Capital, and . More
Universal Partners 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 Universal Partners' 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 Universal Partners upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 8.84 |
Universal Partners Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Universal Partners' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Universal Partners' standard deviation. In reality, there are many statistical measures that can use Universal Partners historical prices to predict the future Universal Partners' volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.31) | |||
| Treynor Ratio | (0.23) |
Universal Partners Backtested Returns
Universal Partners owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0444, which indicates the firm had a -0.0444% return per unit of risk over the last 3 months. Universal Partners exposes nineteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Universal Partners' Coefficient Of Variation of (3,233), risk adjusted performance of (0.02), and Variance of 2.33 to confirm the risk estimate we provide. The entity has a beta of 0.25, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Universal Partners' returns are expected to increase less than the market. However, during the bear market, the loss of holding Universal Partners is expected to be smaller as well. At this point, Universal Partners has a negative expected return of -0.0684%. Please make sure to validate Universal Partners' jensen alpha, daily balance of power, price action indicator, as well as the relationship between the skewness and day median price , to decide if Universal Partners performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.00 |
No correlation between past and present
Universal Partners has no correlation between past and present. Overlapping area represents the amount of predictability between Universal Partners 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 Universal Partners price movement. The serial correlation of 0.0 indicates that just 0.0% of current Universal Partners price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.97 | |
| Residual Average | 0.0 | |
| Price Variance | 1713.72 |
Universal Partners lagged returns against current returns
Autocorrelation, which is Universal Partners 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 Universal Partners' stock expected returns. We can calculate the autocorrelation of Universal Partners returns to help us make a trade decision. For example, suppose you find that Universal Partners 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 |
Universal Partners 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 Universal Partners stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Universal Partners stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Universal Partners stock over time.
Current vs Lagged Prices |
| Timeline |
Universal Partners Lagged Returns
When evaluating Universal Partners' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Universal Partners stock have on its future price. Universal Partners 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, Universal Partners autocorrelation shows the relationship between Universal Partners stock current value and its past values and can show if there is a momentum factor associated with investing in Universal Partners.
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 Universal Stock
Universal Partners financial ratios help investors to determine whether Universal Stock 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 Universal with respect to the benefits of owning Universal Partners security.