United Arab's market value is the price at which a share of United Arab trades on a public exchange. It measures the collective expectations of United Arab Shipping investors about its performance. United Arab is trading at 0.64 as of the 1st of December 2024. This is a No Change since the beginning of the trading day. The stock's lowest day price was 0.64. With this module, you can estimate the performance of a buy and hold strategy of United Arab Shipping and determine expected loss or profit from investing in United Arab over a given investment horizon. Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Symbol
United
United Arab '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 United Arab'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 United Arab.
0.00
06/10/2023
No Change 0.00
0.0
In 1 year 5 months and 24 days
12/01/2024
0.00
If you would invest 0.00 in United Arab on June 10, 2023 and sell it all today you would earn a total of 0.00 from holding United Arab Shipping or generate 0.0% return on investment in United Arab over 540 days.
United Arab 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 United Arab'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 United Arab Shipping upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for United Arab's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as United Arab's standard deviation. In reality, there are many statistical measures that can use United Arab historical prices to predict the future United Arab's volatility.
United Arab Shipping owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.34, which indicates the firm had a -0.34% return per unit of risk over the last 3 months. United Arab Shipping exposes nineteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate United Arab's Coefficient Of Variation of (294.46), risk adjusted performance of (0.25), and Variance of 3.82 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, United Arab's returns are expected to increase less than the market. However, during the bear market, the loss of holding United Arab is expected to be smaller as well. At this point, United Arab Shipping has a negative expected return of -0.66%. Please make sure to validate United Arab's information ratio, total risk alpha, potential upside, as well as the relationship between the jensen alpha and value at risk , to decide if United Arab Shipping performance from the past will be repeated at some point in the near future.
Auto-correlation
0.42
Average predictability
United Arab Shipping has average predictability. Overlapping area represents the amount of predictability between United Arab time series from 10th of June 2023 to 6th of March 2024 and 6th of March 2024 to 1st of December 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 United Arab Shipping price movement. The serial correlation of 0.42 indicates that just about 42.0% of current United Arab price fluctuation can be explain by its past prices.
Correlation Coefficient
0.42
Spearman Rank Test
-0.22
Residual Average
0.0
Price Variance
0.01
United Arab Shipping lagged returns against current returns
Autocorrelation, which is United Arab 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 United Arab's stock expected returns. We can calculate the autocorrelation of United Arab returns to help us make a trade decision. For example, suppose you find that United Arab 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
United Arab 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 United Arab stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if United Arab stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in United Arab stock over time.
Current vs Lagged Prices
Timeline
United Arab Lagged Returns
When evaluating United Arab's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of United Arab stock have on its future price. United Arab 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, United Arab autocorrelation shows the relationship between United Arab stock current value and its past values and can show if there is a momentum factor associated with investing in United Arab Shipping.
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.