Union Technologies (France) Market Value
| FPG Stock | EUR 0.20 0.01 4.76% |
| Symbol | Union |
Union Technologies '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 Union Technologies' 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 Union Technologies.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in Union Technologies on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding Union Technologies Informatique or generate 0.0% return on investment in Union Technologies over 720 days. Union Technologies is related to or competes with Neurones, Infotel SA, and Wavestone. Union Technologies Informatique Group S.A., an IT service company, provides consulting and engineering services to banki... More
Union Technologies 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 Union Technologies' 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 Union Technologies Informatique upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.36 | |||
| Information Ratio | 0.0259 | |||
| Maximum Drawdown | 26.19 | |||
| Value At Risk | (4.76) | |||
| Potential Upside | 5.26 |
Union Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Union Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Union Technologies' standard deviation. In reality, there are many statistical measures that can use Union Technologies historical prices to predict the future Union Technologies' volatility.| Risk Adjusted Performance | 0.054 | |||
| Jensen Alpha | 0.1375 | |||
| Total Risk Alpha | (0.38) | |||
| Sortino Ratio | 0.0155 | |||
| Treynor Ratio | 0.3233 |
Union Technologies Backtested Returns
Union Technologies appears to be out of control, given 3 months investment horizon. Union Technologies owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0611, which indicates the firm had a 0.0611% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Union Technologies Informatique, which you can use to evaluate the volatility of the company. Please review Union Technologies' Coefficient Of Variation of 1661.16, semi deviation of 2.35, and Risk Adjusted Performance of 0.054 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Union Technologies holds a performance score of 4. The entity has a beta of 0.68, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Union Technologies' returns are expected to increase less than the market. However, during the bear market, the loss of holding Union Technologies is expected to be smaller as well. Please check Union Technologies' standard deviation, value at risk, kurtosis, as well as the relationship between the sortino ratio and semi variance , to make a quick decision on whether Union Technologies' existing price patterns will revert.
Auto-correlation | -0.8 |
Almost perfect reverse predictability
Union Technologies Informatique has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Union Technologies time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 to 28th 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 Union Technologies price movement. The serial correlation of -0.8 indicates that around 80.0% of current Union Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.8 | |
| Spearman Rank Test | -0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Union Technologies lagged returns against current returns
Autocorrelation, which is Union Technologies 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 Union Technologies' stock expected returns. We can calculate the autocorrelation of Union Technologies returns to help us make a trade decision. For example, suppose you find that Union Technologies 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 |
Union Technologies 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 Union Technologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Union Technologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Union Technologies stock over time.
Current vs Lagged Prices |
| Timeline |
Union Technologies Lagged Returns
When evaluating Union Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Union Technologies stock have on its future price. Union Technologies 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, Union Technologies autocorrelation shows the relationship between Union Technologies stock current value and its past values and can show if there is a momentum factor associated with investing in Union Technologies Informatique.
Regressed Prices |
| Timeline |
Also Currently Popular
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.Other Information on Investing in Union Stock
Union Technologies financial ratios help investors to determine whether Union 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 Union with respect to the benefits of owning Union Technologies security.