United States Cellular Market Value
| 911684AD0 | 97.50 11.04 10.17% |
| Symbol | United |
United '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's bond 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.
| 11/03/2024 |
| 12/03/2024 |
If you would invest 0.00 in United on November 3, 2024 and sell it all today you would earn a total of 0.00 from holding United States Cellular or generate 0.0% return on investment in United over 30 days. United is related to or competes with Cardinal Health, Meiwu Technology, Simon Property, National Vision, Sea, Kite Realty, and Grocery Outlet. More
United 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's bond 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 States Cellular upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 22.74 | |||
| Value At Risk | (1.36) | |||
| Potential Upside | 1.42 |
United Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for United's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as United's standard deviation. In reality, there are many statistical measures that can use United historical prices to predict the future United's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.60) | |||
| Treynor Ratio | (0.69) |
United States Cellular Backtested Returns
United States Cellular owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.12, which indicates the bond had a -0.12% return per unit of risk over the last 3 months. United States Cellular exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate United's Risk Adjusted Performance of (0.03), variance of 9.3, and Coefficient Of Variation of (2,270) to confirm the risk estimate we provide. The entity has a beta of 0.21, which indicates not very significant fluctuations relative to the market. As returns on the market increase, United's returns are expected to increase less than the market. However, during the bear market, the loss of holding United is expected to be smaller as well.
Auto-correlation | -0.44 |
Modest reverse predictability
United States Cellular has modest reverse predictability. Overlapping area represents the amount of predictability between United time series from 3rd of November 2024 to 18th of November 2024 and 18th of November 2024 to 3rd 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 States Cellular price movement. The serial correlation of -0.44 indicates that just about 44.0% of current United price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.44 | |
| Spearman Rank Test | -0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 10.25 |
United States Cellular lagged returns against current returns
Autocorrelation, which is United bond'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's bond expected returns. We can calculate the autocorrelation of United returns to help us make a trade decision. For example, suppose you find that United has exhibited high autocorrelation historically, and you observe that the bond 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 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 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if United bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in United bond over time.
Current vs Lagged Prices |
| Timeline |
United Lagged Returns
When evaluating United's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of United bond have on its future price. United 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 autocorrelation shows the relationship between United bond current value and its past values and can show if there is a momentum factor associated with investing in United States Cellular.
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.Other Information on Investing in United Bond
United financial ratios help investors to determine whether United Bond 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 United with respect to the benefits of owning United security.