Ultimate Sports Stock Market Value
| USPS Stock | USD 0.01 0.0006 13.33% |
| Symbol | Ultimate |
Ultimate Sports '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 Ultimate Sports' 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 Ultimate Sports.
| 12/21/2023 |
| 12/15/2024 |
If you would invest 0.00 in Ultimate Sports on December 21, 2023 and sell it all today you would earn a total of 0.00 from holding Ultimate Sports or generate 0.0% return on investment in Ultimate Sports over 360 days. Ultimate Sports is related to or competes with Renalytix, Forian, Progyny, Veeva Systems, Teladoc, Goodrx Holdings, and 10X Genomics. Ultimate Sports, Inc. designs and assembles snowmobile skis and related products in the United States More
Ultimate Sports 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 Ultimate Sports' 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 Ultimate Sports upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1362 | |||
| Maximum Drawdown | 45.16 |
Ultimate Sports Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ultimate Sports' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ultimate Sports' standard deviation. In reality, there are many statistical measures that can use Ultimate Sports historical prices to predict the future Ultimate Sports' volatility.| Risk Adjusted Performance | 0.1201 | |||
| Jensen Alpha | 0.8996 | |||
| Total Risk Alpha | 0.159 | |||
| Treynor Ratio | (3.39) |
Ultimate Sports Backtested Returns
Ultimate Sports appears to be out of control, given 3 months investment horizon. Ultimate Sports owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.15, which indicates the firm had a 0.15% return per unit of risk over the last 3 months. By inspecting Ultimate Sports' technical indicators, you can evaluate if the expected return of 0.89% is justified by implied risk. Please review Ultimate Sports' Risk Adjusted Performance of 0.1201, coefficient of variation of 651.25, and Variance of 33.32 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Ultimate Sports holds a performance score of 12. The entity has a beta of -0.26, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Ultimate Sports are expected to decrease at a much lower rate. During the bear market, Ultimate Sports is likely to outperform the market. Please check Ultimate Sports' market risk adjusted performance, jensen alpha, as well as the relationship between the Jensen Alpha and day median price , to make a quick decision on whether Ultimate Sports' existing price patterns will revert.
Auto-correlation | 0.13 |
Insignificant predictability
Ultimate Sports has insignificant predictability. Overlapping area represents the amount of predictability between Ultimate Sports time series from 21st of December 2023 to 18th of June 2024 and 18th of June 2024 to 15th 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 Ultimate Sports price movement. The serial correlation of 0.13 indicates that less than 13.0% of current Ultimate Sports price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.13 | |
| Spearman Rank Test | 0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Ultimate Sports lagged returns against current returns
Autocorrelation, which is Ultimate Sports 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 Ultimate Sports' pink sheet expected returns. We can calculate the autocorrelation of Ultimate Sports returns to help us make a trade decision. For example, suppose you find that Ultimate Sports 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 |
Ultimate Sports 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 Ultimate Sports pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ultimate Sports pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ultimate Sports pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Ultimate Sports Lagged Returns
When evaluating Ultimate Sports' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ultimate Sports pink sheet have on its future price. Ultimate Sports 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, Ultimate Sports autocorrelation shows the relationship between Ultimate Sports pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Ultimate Sports.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for Ultimate Pink Sheet Analysis
When running Ultimate Sports' price analysis, check to measure Ultimate Sports' 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 Ultimate Sports is operating at the current time. Most of Ultimate Sports' value examination focuses on studying past and present price action to predict the probability of Ultimate Sports' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ultimate Sports' price. Additionally, you may evaluate how the addition of Ultimate Sports to your portfolios can decrease your overall portfolio volatility.