Universal Display Stock Market Value
| OLED Stock | USD 149.24 2.12 1.44% |
| Symbol | Universal |
Universal Display Price To Book Ratio
Is Semiconductors & Semiconductor Equipment space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Universal Display. If investors know Universal will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Universal Display listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.299 | Dividend Share 1.55 | Earnings Share 5.04 | Revenue Per Share | Quarterly Revenue Growth 0.146 |
The market value of Universal Display is measured differently than its book value, which is the value of Universal that is recorded on the company's balance sheet. Investors also form their own opinion of Universal Display's value that differs from its market value or its book value, called intrinsic value, which is Universal Display's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Universal Display's market value can be influenced by many factors that don't directly affect Universal Display's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Universal Display's value and its price as these two are different measures arrived at by different means. Investors typically determine if Universal Display is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Universal Display's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Universal Display '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 Universal Display'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 Universal Display.
| 12/19/2024 |
| 01/18/2025 |
If you would invest 0.00 in Universal Display on December 19, 2024 and sell it all today you would earn a total of 0.00 from holding Universal Display or generate 0.0% return on investment in Universal Display over 30 days. Universal Display is related to or competes with Plexus Corp, Methode Electronics, Benchmark Electronics, Bel Fuse, Sanmina, Vicor, and Jabil Circuit. Universal Display Corporation engages in the research, development, and commercialization of organic light emitting diod... More
Universal Display 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 Universal Display'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 Universal Display upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 15.97 | |||
| Value At Risk | (4.32) | |||
| Potential Upside | 2.35 |
Universal Display Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Universal Display's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Universal Display's standard deviation. In reality, there are many statistical measures that can use Universal Display historical prices to predict the future Universal Display's volatility.| Risk Adjusted Performance | (0.16) | |||
| Jensen Alpha | (0.48) | |||
| Total Risk Alpha | (0.52) | |||
| Treynor Ratio | (1.36) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Universal Display's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Universal Display Backtested Returns
Universal Display owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.21, which indicates the firm had a -0.21% return per unit of risk over the last 3 months. Universal Display exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Universal Display's Coefficient Of Variation of (491.24), risk adjusted performance of (0.16), and Variance of 5.08 to confirm the risk estimate we provide. The entity has a beta of 0.35, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Universal Display's returns are expected to increase less than the market. However, during the bear market, the loss of holding Universal Display is expected to be smaller as well. At this point, Universal Display has a negative expected return of -0.48%. Please make sure to validate Universal Display's treynor ratio, accumulation distribution, price action indicator, as well as the relationship between the potential upside and day median price , to decide if Universal Display performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.53 |
Modest predictability
Universal Display has modest predictability. Overlapping area represents the amount of predictability between Universal Display time series from 19th of December 2024 to 3rd of January 2025 and 3rd of January 2025 to 18th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Universal Display price movement. The serial correlation of 0.53 indicates that about 53.0% of current Universal Display price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.53 | |
| Spearman Rank Test | -0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 10.57 |
Universal Display lagged returns against current returns
Autocorrelation, which is Universal Display 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 Universal Display's stock expected returns. We can calculate the autocorrelation of Universal Display returns to help us make a trade decision. For example, suppose you find that Universal Display 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 |
Universal Display 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 Universal Display stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Universal Display stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Universal Display stock over time.
Current vs Lagged Prices |
| Timeline |
Universal Display Lagged Returns
When evaluating Universal Display's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Universal Display stock have on its future price. Universal Display 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, Universal Display autocorrelation shows the relationship between Universal Display stock current value and its past values and can show if there is a momentum factor associated with investing in Universal Display.
Regressed Prices |
| Timeline |
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| TRX | TRON | |
| BNB | Binance Coin |
Check out Universal Display Correlation, Universal Display Volatility and Universal Display Alpha and Beta module to complement your research on Universal Display. For information on how to trade Universal Stock refer to our How to Trade Universal Stock guide.You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
Universal Display technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.