United Insurance (Germany) Market Value
| 0UI Stock | EUR 12.30 0.10 0.82% |
| Symbol | United |
United Insurance '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 Insurance'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 Insurance.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in United Insurance on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding United Insurance Holdings or generate 0.0% return on investment in United Insurance over 30 days. United Insurance is related to or competes with QBE Insurance, Insurance Australia, Superior Plus, NMI Holdings, Origin Agritech, SIVERS SEMICONDUCTORS, and Talanx AG. United Insurance Holdings Corp. operates as a property and casualty insurance holding company that sources, writes, and ... More
United Insurance 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 Insurance'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 Insurance Holdings upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.68 | |||
| Information Ratio | 0.0693 | |||
| Maximum Drawdown | 28.62 | |||
| Value At Risk | (3.96) | |||
| Potential Upside | 8.24 |
United Insurance Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for United Insurance's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as United Insurance's standard deviation. In reality, there are many statistical measures that can use United Insurance historical prices to predict the future United Insurance's volatility.| Risk Adjusted Performance | 0.0811 | |||
| Jensen Alpha | 0.4113 | |||
| Total Risk Alpha | (0.15) | |||
| Sortino Ratio | 0.0781 | |||
| Treynor Ratio | (1.57) |
United Insurance Holdings Backtested Returns
United Insurance appears to be slightly risky, given 3 months investment horizon. United Insurance Holdings owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0983, which indicates the firm had a 0.0983% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for United Insurance Holdings, which you can use to evaluate the volatility of the company. Please review United Insurance's Coefficient Of Variation of 1045.34, risk adjusted performance of 0.0811, and Semi Deviation of 3.05 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, United Insurance holds a performance score of 7. The entity has a beta of -0.25, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning United Insurance are expected to decrease at a much lower rate. During the bear market, United Insurance is likely to outperform the market. Please check United Insurance's market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to make a quick decision on whether United Insurance's existing price patterns will revert.
Auto-correlation | 0.54 |
Modest predictability
United Insurance Holdings has modest predictability. Overlapping area represents the amount of predictability between United Insurance time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd 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 United Insurance Holdings price movement. The serial correlation of 0.54 indicates that about 54.0% of current United Insurance price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.54 | |
| Spearman Rank Test | -0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
United Insurance Holdings lagged returns against current returns
Autocorrelation, which is United Insurance 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 Insurance's stock expected returns. We can calculate the autocorrelation of United Insurance returns to help us make a trade decision. For example, suppose you find that United Insurance 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 Insurance 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 Insurance stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if United Insurance stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in United Insurance stock over time.
Current vs Lagged Prices |
| Timeline |
United Insurance Lagged Returns
When evaluating United Insurance's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of United Insurance stock have on its future price. United Insurance 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 Insurance autocorrelation shows the relationship between United Insurance stock current value and its past values and can show if there is a momentum factor associated with investing in United Insurance Holdings.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in United Stock
United Insurance financial ratios help investors to determine whether United Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in United with respect to the benefits of owning United Insurance security.