ULTRA CLEAN (Germany) Market Value
| UCE Stock | EUR 35.60 1.00 2.73% |
| Symbol | ULTRA |
ULTRA CLEAN '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 ULTRA CLEAN'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 ULTRA CLEAN.
| 08/28/2024 |
| 11/26/2024 |
If you would invest 0.00 in ULTRA CLEAN on August 28, 2024 and sell it all today you would earn a total of 0.00 from holding ULTRA CLEAN HLDGS or generate 0.0% return on investment in ULTRA CLEAN over 90 days. ULTRA CLEAN is related to or competes with GREENX METALS, Gaztransport Technigaz, TITANIUM TRANSPORTGROUP, FIREWEED METALS, ARDAGH METAL, Lion One, and Jacquet Metal. More
ULTRA CLEAN 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 ULTRA CLEAN'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 ULTRA CLEAN HLDGS upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.67 | |||
| Information Ratio | 0.0244 | |||
| Maximum Drawdown | 18.95 | |||
| Value At Risk | (6.51) | |||
| Potential Upside | 4.6 |
ULTRA CLEAN Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ULTRA CLEAN's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ULTRA CLEAN's standard deviation. In reality, there are many statistical measures that can use ULTRA CLEAN historical prices to predict the future ULTRA CLEAN's volatility.| Risk Adjusted Performance | 0.0558 | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.32) | |||
| Sortino Ratio | 0.0222 | |||
| Treynor Ratio | 0.0964 |
ULTRA CLEAN HLDGS Backtested Returns
ULTRA CLEAN appears to be not too volatile, given 3 months investment horizon. ULTRA CLEAN HLDGS owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0607, which indicates the firm had a 0.0607% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for ULTRA CLEAN HLDGS, which you can use to evaluate the volatility of the company. Please review ULTRA CLEAN's coefficient of variation of 1588.93, and Risk Adjusted Performance of 0.0558 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, ULTRA CLEAN holds a performance score of 4. The entity has a beta of 2.08, 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, ULTRA CLEAN will likely underperform. Please check ULTRA CLEAN's treynor ratio, value at risk, downside variance, as well as the relationship between the maximum drawdown and potential upside , to make a quick decision on whether ULTRA CLEAN's existing price patterns will revert.
Auto-correlation | 0.38 |
Below average predictability
ULTRA CLEAN HLDGS has below average predictability. Overlapping area represents the amount of predictability between ULTRA CLEAN time series from 28th of August 2024 to 12th of October 2024 and 12th of October 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 ULTRA CLEAN HLDGS price movement. The serial correlation of 0.38 indicates that just about 38.0% of current ULTRA CLEAN price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.38 | |
| Spearman Rank Test | 0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 2.38 |
ULTRA CLEAN HLDGS lagged returns against current returns
Autocorrelation, which is ULTRA CLEAN 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 ULTRA CLEAN's stock expected returns. We can calculate the autocorrelation of ULTRA CLEAN returns to help us make a trade decision. For example, suppose you find that ULTRA CLEAN 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 |
ULTRA CLEAN 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 ULTRA CLEAN stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ULTRA CLEAN stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ULTRA CLEAN stock over time.
Current vs Lagged Prices |
| Timeline |
ULTRA CLEAN Lagged Returns
When evaluating ULTRA CLEAN's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ULTRA CLEAN stock have on its future price. ULTRA CLEAN 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, ULTRA CLEAN autocorrelation shows the relationship between ULTRA CLEAN stock current value and its past values and can show if there is a momentum factor associated with investing in ULTRA CLEAN HLDGS.
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 ULTRA Stock
ULTRA CLEAN financial ratios help investors to determine whether ULTRA 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 ULTRA with respect to the benefits of owning ULTRA CLEAN security.