Union Electric Stock Market Value
| UEPCO Stock | USD 110.00 0.00 0.00% |
| Symbol | Union |
Union Electric '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 Union Electric's pink sheet 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 Union Electric.
| 12/09/2023 |
| 12/03/2024 |
If you would invest 0.00 in Union Electric on December 9, 2023 and sell it all today you would earn a total of 0.00 from holding Union Electric or generate 0.0% return on investment in Union Electric over 360 days. Union Electric is related to or competes with Afya, NRG Energy, CenterPoint Energy, Skillful Craftsman, Bright Scholar, and Atmos Energy. Union Electric Company, doing business as Ameren Missouri, engages in the rate-regulated electric generation, transmissi... More
Union Electric 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 Union Electric's pink sheet 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 Union Electric upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.06 | |||
| Information Ratio | 0.0584 | |||
| Maximum Drawdown | 22.29 | |||
| Value At Risk | (2.25) | |||
| Potential Upside | 4.12 |
Union Electric Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Union Electric's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Union Electric's standard deviation. In reality, there are many statistical measures that can use Union Electric historical prices to predict the future Union Electric's volatility.| Risk Adjusted Performance | 0.0857 | |||
| Jensen Alpha | 0.3666 | |||
| Total Risk Alpha | (0.14) | |||
| Sortino Ratio | 0.0271 | |||
| Treynor Ratio | (0.36) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Union Electric'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.
Union Electric Backtested Returns
Union Electric appears to be very steady, given 3 months investment horizon. Union Electric owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.1, which indicates the firm had a 0.1% return per unit of risk over the last 3 months. We have found twenty-four technical indicators for Union Electric, which you can use to evaluate the volatility of the company. Please review Union Electric's Coefficient Of Variation of 973.85, risk adjusted performance of 0.0857, and Semi Deviation of 1.82 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Union Electric holds a performance score of 8. The entity has a beta of -0.77, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Union Electric are expected to decrease at a much lower rate. During the bear market, Union Electric is likely to outperform the market. Please check Union Electric's treynor ratio, as well as the relationship between the semi variance and day median price , to make a quick decision on whether Union Electric's existing price patterns will revert.
Auto-correlation | -0.13 |
Insignificant reverse predictability
Union Electric has insignificant reverse predictability. Overlapping area represents the amount of predictability between Union Electric time series from 9th of December 2023 to 6th of June 2024 and 6th of June 2024 to 3rd 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 Union Electric price movement. The serial correlation of -0.13 indicates that less than 13.0% of current Union Electric price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.13 | |
| Spearman Rank Test | 0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 12.01 |
Union Electric lagged returns against current returns
Autocorrelation, which is Union Electric pink sheet'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 Union Electric's pink sheet expected returns. We can calculate the autocorrelation of Union Electric returns to help us make a trade decision. For example, suppose you find that Union Electric has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Union Electric 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 Union Electric pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Union Electric pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Union Electric pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Union Electric Lagged Returns
When evaluating Union Electric's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Union Electric pink sheet have on its future price. Union Electric 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, Union Electric autocorrelation shows the relationship between Union Electric pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Union Electric.
Regressed Prices |
| Timeline |
Pair Trading with Union Electric
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Union Electric position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Union Electric will appreciate offsetting losses from the drop in the long position's value.Moving against Union Pink Sheet
| 0.59 | KB | KB Financial Group | PairCorr |
| 0.43 | PCG | PGE Corp | PairCorr |
| 0.42 | D | Dominion Energy | PairCorr |
| 0.39 | JXN-PA | Jackson Financial | PairCorr |
| 0.31 | SO | Southern | PairCorr |
The ability to find closely correlated positions to Union Electric could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Union Electric when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Union Electric - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Union Electric to buy it.
The correlation of Union Electric is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Union Electric moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Union Electric moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Union Electric can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Union Pink Sheet
Union Electric financial ratios help investors to determine whether Union Pink Sheet 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 Union with respect to the benefits of owning Union Electric security.