Uniplan Renta (Spain) Market Value
| 0P00000XFW | 97,645 1,884 1.97% |
| Symbol | Uniplan |
Uniplan Renta '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 Uniplan Renta's fund 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 Uniplan Renta.
| 06/05/2024 |
| 12/02/2024 |
If you would invest 0.00 in Uniplan Renta on June 5, 2024 and sell it all today you would earn a total of 0.00 from holding Uniplan Renta Variable or generate 0.0% return on investment in Uniplan Renta over 180 days.
Uniplan Renta 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 Uniplan Renta's fund 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 Uniplan Renta Variable upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.45 | |||
| Information Ratio | 0.204 | |||
| Maximum Drawdown | 21.4 | |||
| Value At Risk | (3.80) | |||
| Potential Upside | 5.5 |
Uniplan Renta Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Uniplan Renta's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Uniplan Renta's standard deviation. In reality, there are many statistical measures that can use Uniplan Renta historical prices to predict the future Uniplan Renta's volatility.| Risk Adjusted Performance | 0.1956 | |||
| Jensen Alpha | 0.8081 | |||
| Total Risk Alpha | 0.2499 | |||
| Sortino Ratio | 0.275 | |||
| Treynor Ratio | (12.82) |
Uniplan Renta Variable Backtested Returns
Uniplan Renta appears to be very steady, given 3 months investment horizon. Uniplan Renta Variable owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.26, which indicates the fund had a 0.26% return per unit of risk over the last 3 months. By inspecting Uniplan Renta's technical indicators, you can evaluate if the expected return of 0.86% is justified by implied risk. Please review Uniplan Renta's Semi Deviation of 1.88, coefficient of variation of 406.85, and Risk Adjusted Performance of 0.1956 to confirm if our risk estimates are consistent with your expectations. The entity has a beta of -0.0624, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Uniplan Renta are expected to decrease at a much lower rate. During the bear market, Uniplan Renta is likely to outperform the market.
Auto-correlation | 0.73 |
Good predictability
Uniplan Renta Variable has good predictability. Overlapping area represents the amount of predictability between Uniplan Renta time series from 5th of June 2024 to 3rd of September 2024 and 3rd of September 2024 to 2nd 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 Uniplan Renta Variable price movement. The serial correlation of 0.73 indicates that around 73.0% of current Uniplan Renta price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.73 | |
| Spearman Rank Test | 0.77 | |
| Residual Average | 0.0 | |
| Price Variance | 178.2 M |
Uniplan Renta Variable lagged returns against current returns
Autocorrelation, which is Uniplan Renta fund'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 Uniplan Renta's fund expected returns. We can calculate the autocorrelation of Uniplan Renta returns to help us make a trade decision. For example, suppose you find that Uniplan Renta has exhibited high autocorrelation historically, and you observe that the fund 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 |
Uniplan Renta 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 Uniplan Renta fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Uniplan Renta fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Uniplan Renta fund over time.
Current vs Lagged Prices |
| Timeline |
Uniplan Renta Lagged Returns
When evaluating Uniplan Renta's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Uniplan Renta fund have on its future price. Uniplan Renta 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, Uniplan Renta autocorrelation shows the relationship between Uniplan Renta fund current value and its past values and can show if there is a momentum factor associated with investing in Uniplan Renta Variable.
Regressed Prices |
| Timeline |
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