Unity Bancorp Stock Price on March 23, 2023
| UNTY Stock | USD 45.40 0.25 0.55% |
If you're considering investing in Unity Stock, it is important to understand the factors that can impact its price. As of today, the current price of Unity Bancorp stands at 45.40, as last reported on the 30th of November, with the highest price reaching 45.82 and the lowest price hitting 44.92 during the day. Unity Bancorp appears to be very steady, given 3 months investment horizon. Unity Bancorp owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.19, which indicates the firm had a 0.19% return per unit of risk over the last 3 months. By inspecting Unity Bancorp's technical indicators, you can evaluate if the expected return of 0.52% is justified by implied risk. Please review Unity Bancorp's Coefficient Of Variation of 520.36, risk adjusted performance of 0.1541, and Semi Deviation of 1.19 to confirm if our risk estimates are consistent with your expectations.
Unity Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Unity |
Sharpe Ratio = 0.1922
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | UNTY | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 2.7 actual daily | 24 76% of assets are more volatile |
Expected Return
| 0.52 actual daily | 10 90% of assets have higher returns |
Risk-Adjusted Return
| 0.19 actual daily | 15 85% of assets perform better |
Based on monthly moving average Unity Bancorp is performing at about 15% 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 Unity Bancorp by adding it to a well-diversified portfolio.
Related Headline
William Penn Headline on 23rd of March 2023
William Penn exotic insider transaction detected by Kenneth Stephon
Filed transaction by William Penn Bancorporati director. Unconventional Insider trading
Unity Bancorp Valuation on March 23, 2023
It is possible to determine the worth of Unity Bancorp on a given historical date. On March 23, 2023 Unity was worth 22.84 at the beginning of the trading date compared to the closed value of 22.19. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Unity Bancorp stock. Still, in general, we apply an absolute valuation method to find Unity Bancorp'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 Unity Bancorp where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Unity Bancorp's related companies.
| Open | High | Low | Close | Volume | |
| 23.20 | 23.62 | 22.56 | 22.64 | 15,631 | |
03/23/2023 | 22.84 | 22.84 | 22.08 | 22.19 | 16,664 |
| 22.06 | 22.56 | 21.97 | 22.31 | 16,600 |
| Backtest Unity Bancorp | | | Unity Bancorp History | | | Unity Bancorp Valuation | Previous | Next |
Unity Bancorp Trading Date Momentum on March 23, 2023
| On March 24 2023 Unity Bancorp was traded for 22.31 at the closing time. The top price for the day was 22.56 and the lowest listed price was 21.97 . The trading volume for the day was 16.6 K. The trading history from March 24, 2023 was a factor to the next trading day price jump. The trading price change against the next closing price was 0.54% . The trading price change against the current closing price is 0.23% . |
Unity Bancorp Fundamentals Correlations and Trends
By evaluating Unity Bancorp'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 Unity Bancorp's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Unity financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Unity Bancorp Stock history
Unity Bancorp 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 Unity is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Unity Bancorp 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 Unity Bancorp stock prices may prove useful in developing a viable investing in Unity Bancorp
Unity Bancorp, Inc. operates as the holding company for Unity Bank that provides commercial and retail banking products and services to individuals, small and medium sized businesses, and professional communities. Unity Bancorp, Inc. was incorporated in 1991 and is based in Clinton, New Jersey. Unity Bancorp operates under BanksRegional classification in the United States and is traded on NASDAQ Exchange. It employs 222 people.
Unity Bancorp Stock Technical Analysis
Unity Bancorp 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
Unity Bancorp Period Price Range
Low | November 30, 2024
| High |
0.00 | 0.00 |
Unity Bancorp cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Unity Bancorp November 30, 2024 Market Strength
Market strength indicators help investors to evaluate how Unity Bancorp stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Unity Bancorp shares will generate the highest return on investment. By undertsting and applying Unity Bancorp stock market strength indicators, traders can identify Unity Bancorp entry and exit signals to maximize returns
Unity Bancorp Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Unity Bancorp's price direction in advance. Along with the technical and fundamental analysis of Unity Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Unity 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 | 0.1541 | |||
| Jensen Alpha | 0.2284 | |||
| Total Risk Alpha | 0.0581 | |||
| Sortino Ratio | 0.2428 | |||
| Treynor Ratio | 0.2317 |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Additional Tools for Unity Stock Analysis
When running Unity Bancorp's price analysis, check to measure Unity Bancorp'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 Unity Bancorp is operating at the current time. Most of Unity Bancorp's value examination focuses on studying past and present price action to predict the probability of Unity Bancorp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Unity Bancorp's price. Additionally, you may evaluate how the addition of Unity Bancorp to your portfolios can decrease your overall portfolio volatility.