Universal Music (Netherlands) Price on November 2, 2023
| UMG Stock | 23.54 0.03 0.13% |
If you're considering investing in Universal Stock, it is important to understand the factors that can impact its price. As of today, the current price of Universal Music stands at 23.54, as last reported on the 11th of December 2024, with the highest price reaching 23.66 and the lowest price hitting 23.37 during the day. Currently, Universal Music Group is very steady. Universal Music Group owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0194, which indicates the firm had a 0.0194% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Universal Music Group, which you can use to evaluate the volatility of the company. Please validate Universal Music's Risk Adjusted Performance of 0.0366, coefficient of variation of 2205.17, and Semi Deviation of 1.04 to confirm if the risk estimate we provide is consistent with the expected return of 0.0228%.
Universal Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Universal |
Sharpe Ratio = 0.0194
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Estimated Market Risk
| 1.18 actual daily | 10 90% of assets are more volatile |
Expected Return
| 0.02 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.02 actual daily | 1 99% of assets perform better |
Based on monthly moving average Universal Music is performing at about 1% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Universal Music by adding it to a well-diversified portfolio.
Universal Music Valuation on November 2, 2023
It is possible to determine the worth of Universal Music on a given historical date. On November 2, 2023 Universal was worth 22.69 at the beginning of the trading date compared to the closed value of 22.76. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Universal Music stock. Still, in general, we apply an absolute valuation method to find Universal Music's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Universal Music where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Universal Music's related companies.
| Open | High | Low | Close | Volume | |
| 22.77 | 22.80 | 22.23 | 22.55 | 1,061,969 | |
11/02/2023 | 22.69 | 22.89 | 22.53 | 22.76 | 1,209,117 |
| 22.88 | 23.26 | 22.87 | 23.17 | 910,144 |
| Backtest Universal Music | | | Universal Music History | | | Universal Music Valuation | Previous | Next |
Universal Music Trading Date Momentum on November 2, 2023
| On November 03 2023 Universal Music Group was traded for 23.17 at the closing time. The maximum traded price for the trading interval was 23.26 and the lowest daily price was 22.87 . The daily volume was recorded at 910.1 K. The volume of trading on 3rd of November 2023 played a part in the next trading day price appreciation. The trading price change to the next closing price was 1.80% . The trading price change to the closing price today is 1.45% . |
Universal Music Group Fundamentals Correlations and Trends
By evaluating Universal Music's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Universal Music's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Universal financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Universal Music Stock history
Universal Music investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Universal is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Universal Music Group will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Universal Music stock prices may prove useful in developing a viable investing in Universal Music
Universal Music Stock Technical Analysis
Universal Music technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Universal Music Period Price Range
Low | December 11, 2024
| High |
0.00 | 0.00 |
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Universal Music December 11, 2024 Market Strength
Market strength indicators help investors to evaluate how Universal Music stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Universal Music shares will generate the highest return on investment. By undertsting and applying Universal Music stock market strength indicators, traders can identify Universal Music Group entry and exit signals to maximize returns
Universal Music Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Universal Music's price direction in advance. Along with the technical and fundamental analysis of Universal Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Universal to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0366 | |||
| Jensen Alpha | 0.0545 | |||
| Total Risk Alpha | (0.14) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | (0.44) |
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Additional Tools for Universal Stock Analysis
When running Universal Music's price analysis, check to measure Universal Music's 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 Universal Music is operating at the current time. Most of Universal Music's value examination focuses on studying past and present price action to predict the probability of Universal Music's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Universal Music's price. Additionally, you may evaluate how the addition of Universal Music to your portfolios can decrease your overall portfolio volatility.