UNION HOMES (Nigeria) Market Value
| UHOMREIT | 36.60 0.00 0.00% |
| Symbol | UNION |
UNION HOMES '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 HOMES'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 UNION HOMES.
| 01/02/2025 |
| 02/01/2025 |
If you would invest 0.00 in UNION HOMES on January 2, 2025 and sell it all today you would earn a total of 0.00 from holding UNION HOMES REAL or generate 0.0% return on investment in UNION HOMES over 30 days.
UNION HOMES 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 HOMES'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 UNION HOMES REAL upside and downside potential and time the market with a certain degree of confidence.
UNION HOMES Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for UNION HOMES's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as UNION HOMES's standard deviation. In reality, there are many statistical measures that can use UNION HOMES historical prices to predict the future UNION HOMES's volatility.UNION HOMES REAL Backtested Returns
We have found three technical indicators for UNION HOMES REAL, which you can use to evaluate the volatility of the company. The entity has a beta of 0.0, which indicates not very significant fluctuations relative to the market. the returns on MARKET and UNION HOMES are completely uncorrelated.
Auto-correlation | 0.00 |
No correlation between past and present
UNION HOMES REAL has no correlation between past and present. Overlapping area represents the amount of predictability between UNION HOMES time series from 2nd of January 2025 to 17th of January 2025 and 17th of January 2025 to 1st of February 2025. 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 HOMES REAL price movement. The serial correlation of 0.0 indicates that just 0.0% of current UNION HOMES price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
UNION HOMES REAL lagged returns against current returns
Autocorrelation, which is UNION HOMES 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 UNION HOMES's stock expected returns. We can calculate the autocorrelation of UNION HOMES returns to help us make a trade decision. For example, suppose you find that UNION HOMES 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 |
UNION HOMES 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 HOMES stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if UNION HOMES stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in UNION HOMES stock over time.
Current vs Lagged Prices |
| Timeline |
UNION HOMES Lagged Returns
When evaluating UNION HOMES's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of UNION HOMES stock have on its future price. UNION HOMES 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 HOMES autocorrelation shows the relationship between UNION HOMES stock current value and its past values and can show if there is a momentum factor associated with investing in UNION HOMES REAL.
Regressed Prices |
| Timeline |