UNITED BANK (Nigeria) Market Value
| UBA Stock | 32.35 0.55 1.67% |
| Symbol | UNITED |
UNITED BANK '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 BANK'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 BANK.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in UNITED BANK on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding UNITED BANK FOR or generate 0.0% return on investment in UNITED BANK over 30 days.
UNITED BANK 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 BANK'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 BANK FOR upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.19 | |||
| Information Ratio | 0.1483 | |||
| Maximum Drawdown | 19.99 | |||
| Value At Risk | (3.99) | |||
| Potential Upside | 6.54 |
UNITED BANK Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for UNITED BANK's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as UNITED BANK's standard deviation. In reality, there are many statistical measures that can use UNITED BANK historical prices to predict the future UNITED BANK's volatility.| Risk Adjusted Performance | 0.1505 | |||
| Jensen Alpha | 0.8553 | |||
| Total Risk Alpha | 0.089 | |||
| Sortino Ratio | 0.1609 | |||
| Treynor Ratio | (0.35) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of UNITED BANK'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.
UNITED BANK FOR Backtested Returns
UNITED BANK appears to be not too volatile, given 3 months investment horizon. UNITED BANK FOR owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.18, which indicates the firm had a 0.18% return per unit of volatility over the last 3 months. By examining UNITED BANK's technical indicators, you can evaluate if the expected return of 0.64% is justified by implied risk. Please review UNITED BANK's coefficient of variation of 537.41, and Risk Adjusted Performance of 0.1505 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, UNITED BANK holds a performance score of 14. The entity has a beta of -1.83, which indicates a somewhat significant risk relative to the market. As returns on the market increase, returns on owning UNITED BANK are expected to decrease by larger amounts. On the other hand, during market turmoil, UNITED BANK is expected to outperform it. Please check UNITED BANK's sortino ratio, skewness, price action indicator, as well as the relationship between the potential upside and rate of daily change , to make a quick decision on whether UNITED BANK's existing price patterns will revert.
Auto-correlation | 0.53 |
Modest predictability
UNITED BANK FOR has modest predictability. Overlapping area represents the amount of predictability between UNITED BANK time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 UNITED BANK FOR price movement. The serial correlation of 0.53 indicates that about 53.0% of current UNITED BANK price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.53 | |
| Spearman Rank Test | 0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.63 |
UNITED BANK FOR lagged returns against current returns
Autocorrelation, which is UNITED BANK 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 BANK's stock expected returns. We can calculate the autocorrelation of UNITED BANK returns to help us make a trade decision. For example, suppose you find that UNITED BANK 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 BANK 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 BANK stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if UNITED BANK stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in UNITED BANK stock over time.
Current vs Lagged Prices |
| Timeline |
UNITED BANK Lagged Returns
When evaluating UNITED BANK's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of UNITED BANK stock have on its future price. UNITED BANK 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 BANK autocorrelation shows the relationship between UNITED BANK stock current value and its past values and can show if there is a momentum factor associated with investing in UNITED BANK FOR.
Regressed Prices |
| Timeline |
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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.Additional Tools for UNITED Stock Analysis
When running UNITED BANK's price analysis, check to measure UNITED BANK'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 UNITED BANK is operating at the current time. Most of UNITED BANK's value examination focuses on studying past and present price action to predict the probability of UNITED BANK's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move UNITED BANK's price. Additionally, you may evaluate how the addition of UNITED BANK to your portfolios can decrease your overall portfolio volatility.