UNITED INVESTMENTS (Mauritius) Market Value
| UTIN Stock | 3.85 0.04 1.03% |
| Symbol | UNITED |
UNITED INVESTMENTS '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 INVESTMENTS's 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 UNITED INVESTMENTS.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in UNITED INVESTMENTS on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding UNITED INVESTMENTS LTD or generate 0.0% return on investment in UNITED INVESTMENTS over 30 days.
UNITED INVESTMENTS 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 INVESTMENTS's 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 UNITED INVESTMENTS LTD upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.54 | |||
| Information Ratio | 0.0708 | |||
| Maximum Drawdown | 29.6 | |||
| Value At Risk | (5.33) | |||
| Potential Upside | 9.86 |
UNITED INVESTMENTS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for UNITED INVESTMENTS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as UNITED INVESTMENTS's standard deviation. In reality, there are many statistical measures that can use UNITED INVESTMENTS historical prices to predict the future UNITED INVESTMENTS's volatility.| Risk Adjusted Performance | 0.0827 | |||
| Jensen Alpha | 0.4676 | |||
| Total Risk Alpha | (0.17) | |||
| Sortino Ratio | 0.0539 | |||
| Treynor Ratio | (0.63) |
UNITED INVESTMENTS LTD Backtested Returns
UNITED INVESTMENTS LTD owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.12, which indicates the firm had a -0.12% return per unit of volatility over the last 3 months. UNITED INVESTMENTS LTD exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate UNITED INVESTMENTS's risk adjusted performance of 0.0827, and Coefficient Of Variation of 1024.37 to confirm the risk estimate we provide. The entity has a beta of -0.64, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning UNITED INVESTMENTS are expected to decrease at a much lower rate. During the bear market, UNITED INVESTMENTS is likely to outperform the market. At this point, UNITED INVESTMENTS LTD has a negative expected return of -0.3%. Please make sure to validate UNITED INVESTMENTS's total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to decide if UNITED INVESTMENTS LTD performance from the past will be repeated at future time.
Auto-correlation | -0.23 |
Weak reverse predictability
UNITED INVESTMENTS LTD has weak reverse predictability. Overlapping area represents the amount of predictability between UNITED INVESTMENTS time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th 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 INVESTMENTS LTD price movement. The serial correlation of -0.23 indicates that over 23.0% of current UNITED INVESTMENTS price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.23 | |
| Spearman Rank Test | -0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
UNITED INVESTMENTS LTD lagged returns against current returns
Autocorrelation, which is UNITED INVESTMENTS 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 UNITED INVESTMENTS's stock expected returns. We can calculate the autocorrelation of UNITED INVESTMENTS returns to help us make a trade decision. For example, suppose you find that UNITED INVESTMENTS 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 |
UNITED INVESTMENTS 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 INVESTMENTS stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if UNITED INVESTMENTS stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in UNITED INVESTMENTS stock over time.
Current vs Lagged Prices |
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UNITED INVESTMENTS Lagged Returns
When evaluating UNITED INVESTMENTS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of UNITED INVESTMENTS stock have on its future price. UNITED INVESTMENTS 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 INVESTMENTS autocorrelation shows the relationship between UNITED INVESTMENTS stock current value and its past values and can show if there is a momentum factor associated with investing in UNITED INVESTMENTS LTD.
Regressed Prices |
| Timeline |
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