Under Armour (Brazil) Market Value
| U1AI34 Stock | BRL 52.00 0.20 0.38% |
| Symbol | Under |
Under Armour '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 Under Armour'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 Under Armour.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Under Armour on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Under Armour or generate 0.0% return on investment in Under Armour over 30 days. Under Armour is related to or competes with Paycom Software, Zoom Video, Charter Communications, Metalurgica Gerdau, United Rentals, Multilaser Industrial, and Cognizant Technology. Under Armour, Inc., together with its subsidiaries, develops, markets, and distributes branded performance apparel, foot... More
Under Armour 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 Under Armour'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 Under Armour upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.09 | |||
| Information Ratio | 0.0446 | |||
| Maximum Drawdown | 32.45 | |||
| Value At Risk | (5.42) | |||
| Potential Upside | 4.06 |
Under Armour Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Under Armour's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Under Armour's standard deviation. In reality, there are many statistical measures that can use Under Armour historical prices to predict the future Under Armour's volatility.| Risk Adjusted Performance | 0.0668 | |||
| Jensen Alpha | 0.2103 | |||
| Total Risk Alpha | (0.34) | |||
| Sortino Ratio | 0.0443 | |||
| Treynor Ratio | 0.3985 |
Under Armour Backtested Returns
Under Armour appears to be very steady, given 3 months investment horizon. Under Armour owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0962, which indicates the firm had a 0.0962% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Under Armour, which you can use to evaluate the volatility of the company. Please review Under Armour's Risk Adjusted Performance of 0.0668, semi deviation of 1.94, and Coefficient Of Variation of 1302.06 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Under Armour holds a performance score of 7. The entity has a beta of 0.76, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Under Armour's returns are expected to increase less than the market. However, during the bear market, the loss of holding Under Armour is expected to be smaller as well. Please check Under Armour's information ratio, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Under Armour's existing price patterns will revert.
Auto-correlation | 0.54 |
Modest predictability
Under Armour has modest predictability. Overlapping area represents the amount of predictability between Under Armour time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 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 Under Armour price movement. The serial correlation of 0.54 indicates that about 54.0% of current Under Armour price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.54 | |
| Spearman Rank Test | 0.57 | |
| Residual Average | 0.0 | |
| Price Variance | 1.24 |
Under Armour lagged returns against current returns
Autocorrelation, which is Under Armour 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 Under Armour's stock expected returns. We can calculate the autocorrelation of Under Armour returns to help us make a trade decision. For example, suppose you find that Under Armour 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 |
Under Armour 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 Under Armour stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Under Armour stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Under Armour stock over time.
Current vs Lagged Prices |
| Timeline |
Under Armour Lagged Returns
When evaluating Under Armour's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Under Armour stock have on its future price. Under Armour 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, Under Armour autocorrelation shows the relationship between Under Armour stock current value and its past values and can show if there is a momentum factor associated with investing in Under Armour.
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 Under Stock
Under Armour financial ratios help investors to determine whether Under 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 Under with respect to the benefits of owning Under Armour security.