Unity Software Stock Market Value
| U Stock | USD 22.46 0.83 3.84% |
| Symbol | Unity |
Unity Software Price To Book Ratio
Is Application Software 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 Unity Software. If investors know Unity 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 Unity Software listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (2.05) | Revenue Per Share 5.067 | Quarterly Revenue Growth (0.18) | Return On Assets (0.05) | Return On Equity (0.23) |
The market value of Unity Software is measured differently than its book value, which is the value of Unity that is recorded on the company's balance sheet. Investors also form their own opinion of Unity Software's value that differs from its market value or its book value, called intrinsic value, which is Unity Software'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 Unity Software's market value can be influenced by many factors that don't directly affect Unity Software'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 Unity Software's value and its price as these two are different measures arrived at by different means. Investors typically determine if Unity Software is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Unity Software'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.
Unity Software '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 Unity Software'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 Unity Software.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Unity Software on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Unity Software or generate 0.0% return on investment in Unity Software over 30 days. Unity Software is related to or competes with Zoom Video, C3 Ai, Shopify, Salesforce, Workday, Snowflake, and Trade Desk. Unity Software Inc. creates and operates an interactive real-time 3D content platform More
Unity Software 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 Unity Software'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 Unity Software upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.62 | |||
| Information Ratio | 0.0846 | |||
| Maximum Drawdown | 17.78 | |||
| Value At Risk | (5.61) | |||
| Potential Upside | 8.52 |
Unity Software Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Unity Software's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Unity Software's standard deviation. In reality, there are many statistical measures that can use Unity Software historical prices to predict the future Unity Software's volatility.| Risk Adjusted Performance | 0.0892 | |||
| Jensen Alpha | 0.2594 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | 0.0975 | |||
| Treynor Ratio | 0.2093 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Unity Software'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.
Unity Software Backtested Returns
Unity Software appears to be not too volatile, given 3 months investment horizon. Unity Software owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.11, which indicates the firm had a 0.11% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Unity Software, which you can use to evaluate the volatility of the company. Please review Unity Software's Risk Adjusted Performance of 0.0892, semi deviation of 3.29, and Coefficient Of Variation of 929.95 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Unity Software holds a performance score of 8. The entity has a beta of 2.09, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Unity Software will likely underperform. Please check Unity Software's total risk alpha, downside variance, daily balance of power, as well as the relationship between the maximum drawdown and skewness , to make a quick decision on whether Unity Software's existing price patterns will revert.
Auto-correlation | 0.41 |
Average predictability
Unity Software has average predictability. Overlapping area represents the amount of predictability between Unity Software time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 Unity Software price movement. The serial correlation of 0.41 indicates that just about 41.0% of current Unity Software price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.41 | |
| Spearman Rank Test | 0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 2.52 |
Unity Software lagged returns against current returns
Autocorrelation, which is Unity Software 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 Unity Software's stock expected returns. We can calculate the autocorrelation of Unity Software returns to help us make a trade decision. For example, suppose you find that Unity Software 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 |
Unity Software 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 Unity Software stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Unity Software stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Unity Software stock over time.
Current vs Lagged Prices |
| Timeline |
Unity Software Lagged Returns
When evaluating Unity Software's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Unity Software stock have on its future price. Unity Software 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, Unity Software autocorrelation shows the relationship between Unity Software stock current value and its past values and can show if there is a momentum factor associated with investing in Unity Software.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Unity Stock Analysis
When running Unity Software's price analysis, check to measure Unity Software's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Unity Software is operating at the current time. Most of Unity Software's value examination focuses on studying past and present price action to predict the probability of Unity Software's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Unity Software's price. Additionally, you may evaluate how the addition of Unity Software to your portfolios can decrease your overall portfolio volatility.