Ultrack Systems Stock Market Value
| MJLB Stock | USD 0.0001 0.0001 50.00% |
| Symbol | Ultrack |
Ultrack Systems '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 Ultrack Systems' pink sheet 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 Ultrack Systems.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Ultrack Systems on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Ultrack Systems or generate 0.0% return on investment in Ultrack Systems over 30 days. Ultrack Systems, Inc. operates in the fleet tracking industry More
Ultrack Systems 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 Ultrack Systems' pink sheet 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 Ultrack Systems upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 54.01 | |||
| Information Ratio | 0.1425 | |||
| Maximum Drawdown | 150.0 | |||
| Value At Risk | (50.00) | |||
| Potential Upside | 100.0 |
Ultrack Systems Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ultrack Systems' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ultrack Systems' standard deviation. In reality, there are many statistical measures that can use Ultrack Systems historical prices to predict the future Ultrack Systems' volatility.| Risk Adjusted Performance | 0.1215 | |||
| Jensen Alpha | 5.83 | |||
| Total Risk Alpha | (0.42) | |||
| Sortino Ratio | 0.0958 | |||
| Treynor Ratio | (1.19) |
Ultrack Systems Backtested Returns
Ultrack Systems is out of control given 3 months investment horizon. Ultrack Systems owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.15, which indicates the firm had a 0.15% return per unit of risk over the last 3 months. We were able to break down and interpolate thirty different technical indicators, which can help you to evaluate if expected returns of 5.56% are justified by taking the suggested risk. Use Ultrack Systems Semi Deviation of 17.21, coefficient of variation of 684.49, and Risk Adjusted Performance of 0.1215 to evaluate company specific risk that cannot be diversified away. Ultrack Systems holds a performance score of 11 on a scale of zero to a hundred. The entity has a beta of -4.46, which indicates a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Ultrack Systems are expected to decrease by larger amounts. On the other hand, during market turmoil, Ultrack Systems is expected to outperform it. Use Ultrack Systems skewness, day typical price, and the relationship between the downside variance and daily balance of power , to analyze future returns on Ultrack Systems.
Auto-correlation | -0.62 |
Very good reverse predictability
Ultrack Systems has very good reverse predictability. Overlapping area represents the amount of predictability between Ultrack Systems time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Ultrack Systems price movement. The serial correlation of -0.62 indicates that roughly 62.0% of current Ultrack Systems price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.62 | |
| Spearman Rank Test | 0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Ultrack Systems lagged returns against current returns
Autocorrelation, which is Ultrack Systems pink sheet'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 Ultrack Systems' pink sheet expected returns. We can calculate the autocorrelation of Ultrack Systems returns to help us make a trade decision. For example, suppose you find that Ultrack Systems has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Ultrack Systems 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 Ultrack Systems pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ultrack Systems pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ultrack Systems pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Ultrack Systems Lagged Returns
When evaluating Ultrack Systems' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ultrack Systems pink sheet have on its future price. Ultrack Systems 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, Ultrack Systems autocorrelation shows the relationship between Ultrack Systems pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Ultrack Systems.
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 Ultrack Pink Sheet
Ultrack Systems financial ratios help investors to determine whether Ultrack Pink Sheet 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 Ultrack with respect to the benefits of owning Ultrack Systems security.