UFP Industries (Germany) Market Value
| UF3 Stock | EUR 129.95 1.55 1.18% |
| Symbol | UFP |
UFP Industries '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 UFP Industries' 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 UFP Industries.
| 09/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in UFP Industries on September 29, 2024 and sell it all today you would earn a total of 0.00 from holding UFP Industries or generate 0.0% return on investment in UFP Industries over 60 days. UFP Industries is related to or competes with Svenska Cellulosa, Superior Plus, NMI Holdings, SIVERS SEMICONDUCTORS, Talanx AG, 2G ENERGY, and Identiv. Universal Forest Products, Inc., through its subsidiaries, designs, manufactures, and markets wood and wood-alternative ... More
UFP Industries 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 UFP Industries' 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 UFP Industries upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.91 | |||
| Information Ratio | 0.0916 | |||
| Maximum Drawdown | 9.65 | |||
| Value At Risk | (2.66) | |||
| Potential Upside | 3.95 |
UFP Industries Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for UFP Industries' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as UFP Industries' standard deviation. In reality, there are many statistical measures that can use UFP Industries historical prices to predict the future UFP Industries' volatility.| Risk Adjusted Performance | 0.1242 | |||
| Jensen Alpha | 0.1983 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | 0.0961 | |||
| Treynor Ratio | 0.3418 |
UFP Industries Backtested Returns
UFP Industries appears to be very steady, given 3 months investment horizon. UFP Industries owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.15, which indicates the firm had a 0.15% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for UFP Industries, which you can use to evaluate the volatility of the company. Please review UFP Industries' coefficient of variation of 649.29, and Risk Adjusted Performance of 0.1242 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, UFP Industries holds a performance score of 12. The entity has a beta of 0.88, which indicates possible diversification benefits within a given portfolio. UFP Industries returns are very sensitive to returns on the market. As the market goes up or down, UFP Industries is expected to follow. Please check UFP Industries' maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to make a quick decision on whether UFP Industries' existing price patterns will revert.
Auto-correlation | 0.61 |
Good predictability
UFP Industries has good predictability. Overlapping area represents the amount of predictability between UFP Industries time series from 29th of September 2024 to 29th of October 2024 and 29th of October 2024 to 28th 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 UFP Industries price movement. The serial correlation of 0.61 indicates that roughly 61.0% of current UFP Industries price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.61 | |
| Spearman Rank Test | 0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 34.44 |
UFP Industries lagged returns against current returns
Autocorrelation, which is UFP Industries 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 UFP Industries' stock expected returns. We can calculate the autocorrelation of UFP Industries returns to help us make a trade decision. For example, suppose you find that UFP Industries 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 |
UFP Industries 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 UFP Industries stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if UFP Industries stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in UFP Industries stock over time.
Current vs Lagged Prices |
| Timeline |
UFP Industries Lagged Returns
When evaluating UFP Industries' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of UFP Industries stock have on its future price. UFP Industries 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, UFP Industries autocorrelation shows the relationship between UFP Industries stock current value and its past values and can show if there is a momentum factor associated with investing in UFP Industries.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in UFP Stock
When determining whether UFP Industries offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of UFP Industries' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Ufp Industries Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Ufp Industries Stock:Check out UFP Industries Correlation, UFP Industries Volatility and UFP Industries Alpha and Beta module to complement your research on UFP Industries. For more detail on how to invest in UFP Stock please use our How to Invest in UFP Industries guide.You can also try the Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.
UFP Industries technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.