Australian Unity (Australia) Market Value
| AYUPA Preferred Stock | 82.55 0.15 0.18% |
| Symbol | Australian |
Australian Unity '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 Australian Unity's preferred 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 Australian Unity.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in Australian Unity on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding Australian Unity Ltd or generate 0.0% return on investment in Australian Unity over 180 days. Australian Unity is related to or competes with Home Consortium, Clime Investment, Argo Investments, Pinnacle Investment, Carlton Investments, REGAL ASIAN, and Regal Investment. More
Australian Unity 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 Australian Unity's preferred 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 Australian Unity Ltd upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5971 | |||
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 3.59 | |||
| Value At Risk | (0.71) | |||
| Potential Upside | 1.04 |
Australian Unity Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Australian Unity's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Australian Unity's standard deviation. In reality, there are many statistical measures that can use Australian Unity historical prices to predict the future Australian Unity's volatility.| Risk Adjusted Performance | 0.0972 | |||
| Jensen Alpha | 0.0513 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.10) | |||
| Treynor Ratio | 0.593 |
Australian Unity Backtested Returns
At this point, Australian Unity is very steady. Australian Unity secures Sharpe Ratio (or Efficiency) of 0.13, which signifies that the company had a 0.13% return per unit of risk over the last 3 months. We have found thirty technical indicators for Australian Unity Ltd, which you can use to evaluate the volatility of the firm. Please confirm Australian Unity's Downside Deviation of 0.5971, risk adjusted performance of 0.0972, and Mean Deviation of 0.3712 to double-check if the risk estimate we provide is consistent with the expected return of 0.0719%. Australian Unity has a performance score of 9 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.11, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Australian Unity's returns are expected to increase less than the market. However, during the bear market, the loss of holding Australian Unity is expected to be smaller as well. Australian Unity right now shows a risk of 0.57%. Please confirm Australian Unity treynor ratio, kurtosis, period momentum indicator, as well as the relationship between the downside variance and day median price , to decide if Australian Unity will be following its price patterns.
Auto-correlation | 0.18 |
Very weak predictability
Australian Unity Ltd has very weak predictability. Overlapping area represents the amount of predictability between Australian Unity time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th 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 Australian Unity price movement. The serial correlation of 0.18 indicates that over 18.0% of current Australian Unity price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.18 | |
| Spearman Rank Test | 0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 1.72 |
Australian Unity lagged returns against current returns
Autocorrelation, which is Australian Unity preferred 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 Australian Unity's preferred stock expected returns. We can calculate the autocorrelation of Australian Unity returns to help us make a trade decision. For example, suppose you find that Australian Unity has exhibited high autocorrelation historically, and you observe that the preferred 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 |
Australian Unity 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 Australian Unity preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Australian Unity preferred stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Australian Unity preferred stock over time.
Current vs Lagged Prices |
| Timeline |
Australian Unity Lagged Returns
When evaluating Australian Unity's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Australian Unity preferred stock have on its future price. Australian Unity 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, Australian Unity autocorrelation shows the relationship between Australian Unity preferred stock current value and its past values and can show if there is a momentum factor associated with investing in Australian Unity Ltd.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Australian Preferred Stock
Australian Unity financial ratios help investors to determine whether Australian Preferred 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 Australian with respect to the benefits of owning Australian Unity security.