Universal Health (UK) Market Value
| 0LJL Stock | 197.87 1.36 0.69% |
| Symbol | Universal |
Universal Health '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 Universal Health'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 Universal Health.
| 05/29/2024 |
| 11/25/2024 |
If you would invest 0.00 in Universal Health on May 29, 2024 and sell it all today you would earn a total of 0.00 from holding Universal Health Services or generate 0.0% return on investment in Universal Health over 180 days. Universal Health is related to or competes with Samsung Electronics, Samsung Electronics, Hyundai, Toyota, Reliance Industries, SoftBank Group, and Hon Hai. Universal Health is entity of United Kingdom More
Universal Health 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 Universal Health'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 Universal Health Services upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 15.49 | |||
| Value At Risk | (3.65) | |||
| Potential Upside | 1.96 |
Universal Health Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Universal Health's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Universal Health's standard deviation. In reality, there are many statistical measures that can use Universal Health historical prices to predict the future Universal Health's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.25) | |||
| Total Risk Alpha | (0.52) | |||
| Treynor Ratio | (0.45) |
Universal Health Services Backtested Returns
Universal Health Services owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.12, which indicates the firm had a -0.12% return per unit of risk over the last 3 months. Universal Health Services exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Universal Health's Coefficient Of Variation of (1,080), risk adjusted performance of (0.06), and Variance of 4.2 to confirm the risk estimate we provide. The entity has a beta of 0.44, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Universal Health's returns are expected to increase less than the market. However, during the bear market, the loss of holding Universal Health is expected to be smaller as well. At this point, Universal Health Services has a negative expected return of -0.24%. Please make sure to validate Universal Health's market risk adjusted performance, coefficient of variation, jensen alpha, as well as the relationship between the mean deviation and standard deviation , to decide if Universal Health Services performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.74 |
Almost perfect reverse predictability
Universal Health Services has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Universal Health time series from 29th of May 2024 to 27th of August 2024 and 27th of August 2024 to 25th of November 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 Universal Health Services price movement. The serial correlation of -0.74 indicates that around 74.0% of current Universal Health price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.74 | |
| Spearman Rank Test | -0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 205.12 |
Universal Health Services lagged returns against current returns
Autocorrelation, which is Universal Health 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 Universal Health's stock expected returns. We can calculate the autocorrelation of Universal Health returns to help us make a trade decision. For example, suppose you find that Universal Health 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 |
Universal Health 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 Universal Health stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Universal Health stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Universal Health stock over time.
Current vs Lagged Prices |
| Timeline |
Universal Health Lagged Returns
When evaluating Universal Health's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Universal Health stock have on its future price. Universal Health 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, Universal Health autocorrelation shows the relationship between Universal Health stock current value and its past values and can show if there is a momentum factor associated with investing in Universal Health Services.
Regressed Prices |
| Timeline |
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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.Additional Tools for Universal Stock Analysis
When running Universal Health's price analysis, check to measure Universal Health'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 Health is operating at the current time. Most of Universal Health's value examination focuses on studying past and present price action to predict the probability of Universal Health'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 Health's price. Additionally, you may evaluate how the addition of Universal Health to your portfolios can decrease your overall portfolio volatility.