Ultra Clean Holdings Stock Market Value
| UCTT Stock | USD 38.45 1.15 3.08% |
| Symbol | Ultra |
Ultra Clean Holdings Price To Book Ratio
Is Semiconductors & Semiconductor Equipment 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 Ultra Clean. If investors know Ultra 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 Ultra Clean listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.40) | Earnings Share 0.07 | Revenue Per Share 44.273 | Quarterly Revenue Growth 0.242 | Return On Assets 0.0249 |
The market value of Ultra Clean Holdings is measured differently than its book value, which is the value of Ultra that is recorded on the company's balance sheet. Investors also form their own opinion of Ultra Clean's value that differs from its market value or its book value, called intrinsic value, which is Ultra Clean'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 Ultra Clean's market value can be influenced by many factors that don't directly affect Ultra Clean'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 Ultra Clean's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ultra Clean is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ultra Clean'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.
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.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Ultra Clean on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Ultra Clean Holdings or generate 0.0% return on investment in Ultra Clean over 30 days. Ultra Clean is related to or competes with IPG Photonics, and Applied Materials. Ultra Clean Holdings, Inc. develops and supplies critical subsystems, components and parts, and ultra-high purity cleani... 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 Holdings upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.18 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 20.1 | |||
| Value At Risk | (5.21) | |||
| Potential Upside | 5.13 |
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 | 0.0176 | |||
| Jensen Alpha | (0.20) | |||
| Total Risk Alpha | (0.50) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.0174 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Ultra Clean'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.
Ultra Clean Holdings Backtested Returns
Currently, Ultra Clean Holdings is very steady. Ultra Clean Holdings owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0321, which indicates the firm had a 0.0321% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Ultra Clean Holdings, which you can use to evaluate the volatility of the company. Please validate Ultra Clean's Semi Deviation of 3.13, coefficient of variation of 7771.34, and Risk Adjusted Performance of 0.0176 to confirm if the risk estimate we provide is consistent with the expected return of 0.11%. Ultra Clean has a performance score of 2 on a scale of 0 to 100. The entity has a beta of 1.92, 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. Ultra Clean Holdings right now has a risk of 3.44%. Please validate Ultra Clean sortino ratio, semi variance, as well as the relationship between the Semi Variance and rate of daily change , to decide if Ultra Clean will be following its existing price patterns.
Auto-correlation | 0.64 |
Good predictability
Ultra Clean Holdings has good predictability. Overlapping area represents the amount of predictability between Ultra Clean 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 Ultra Clean Holdings price movement. The serial correlation of 0.64 indicates that roughly 64.0% of current Ultra Clean price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.64 | |
| Spearman Rank Test | 0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 1.53 |
Ultra Clean Holdings 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 Holdings.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Ultra Stock Analysis
When running Ultra Clean's price analysis, check to measure Ultra Clean'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 Ultra Clean is operating at the current time. Most of Ultra Clean's value examination focuses on studying past and present price action to predict the probability of Ultra Clean's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ultra Clean's price. Additionally, you may evaluate how the addition of Ultra Clean to your portfolios can decrease your overall portfolio volatility.