Universal Logistics Holdings Stock Market Value
| ULH Stock | USD 50.41 1.27 2.58% |
| Symbol | Universal |
Is Cargo Ground Transportation 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 Universal Logistics. If investors know Universal 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 Universal Logistics listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Universal Logistics is measured differently than its book value, which is the value of Universal that is recorded on the company's balance sheet. Investors also form their own opinion of Universal Logistics' value that differs from its market value or its book value, called intrinsic value, which is Universal Logistics' 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 Universal Logistics' market value can be influenced by many factors that don't directly affect Universal Logistics' 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 Universal Logistics' value and its price as these two are different measures arrived at by different means. Investors typically determine if Universal Logistics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Universal Logistics' 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.
Universal Logistics '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 Universal Logistics' 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 Universal Logistics.
| 02/29/2024 |
| 11/25/2024 |
If you would invest 0.00 in Universal Logistics on February 29, 2024 and sell it all today you would earn a total of 0.00 from holding Universal Logistics Holdings or generate 0.0% return on investment in Universal Logistics over 270 days. Universal Logistics is related to or competes with Covenant Logistics, Marten Transport, Midland States, and PC Connection. Universal Logistics Holdings, Inc. provides transportation and logistics solutions in the United States, Mexico, Canada,... More
Universal Logistics 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 Universal Logistics' 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 Universal Logistics Holdings upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.83 | |||
| Information Ratio | 0.0795 | |||
| Maximum Drawdown | 17.47 | |||
| Value At Risk | (2.97) | |||
| Potential Upside | 4.21 |
Universal Logistics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Universal Logistics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Universal Logistics' standard deviation. In reality, there are many statistical measures that can use Universal Logistics historical prices to predict the future Universal Logistics' volatility.| Risk Adjusted Performance | 0.1005 | |||
| Jensen Alpha | 0.3366 | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | 0.0883 | |||
| Treynor Ratio | 1.33 |
Universal Logistics Backtested Returns
Universal Logistics appears to be very steady, given 3 months investment horizon. Universal Logistics owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.12, which indicates the firm had a 0.12% return per unit of risk over the last 3 months. We have found thirty technical indicators for Universal Logistics Holdings, which you can use to evaluate the volatility of the company. Please review Universal Logistics' Risk Adjusted Performance of 0.1005, semi deviation of 2.53, and Coefficient Of Variation of 825.32 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Universal Logistics holds a performance score of 9. The entity has a beta of 0.28, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Universal Logistics' returns are expected to increase less than the market. However, during the bear market, the loss of holding Universal Logistics is expected to be smaller as well. Please check Universal Logistics' semi variance, and the relationship between the treynor ratio and daily balance of power , to make a quick decision on whether Universal Logistics' existing price patterns will revert.
Auto-correlation | 0.29 |
Poor predictability
Universal Logistics Holdings has poor predictability. Overlapping area represents the amount of predictability between Universal Logistics time series from 29th of February 2024 to 13th of July 2024 and 13th of July 2024 to 25th 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 Universal Logistics price movement. The serial correlation of 0.29 indicates that nearly 29.0% of current Universal Logistics price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.29 | |
| Spearman Rank Test | 0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 11.57 |
Universal Logistics lagged returns against current returns
Autocorrelation, which is Universal Logistics 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 Universal Logistics' stock expected returns. We can calculate the autocorrelation of Universal Logistics returns to help us make a trade decision. For example, suppose you find that Universal Logistics 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 |
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Universal Logistics 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 Universal Logistics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Universal Logistics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Universal Logistics stock over time.
Current vs Lagged Prices |
| Timeline |
Universal Logistics Lagged Returns
When evaluating Universal Logistics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Universal Logistics stock have on its future price. Universal Logistics 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, Universal Logistics autocorrelation shows the relationship between Universal Logistics stock current value and its past values and can show if there is a momentum factor associated with investing in Universal Logistics Holdings.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether Universal Logistics offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Universal Logistics' 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 Universal Logistics Holdings Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Universal Logistics Holdings Stock:Check out Universal Logistics Correlation, Universal Logistics Volatility and Universal Logistics Alpha and Beta module to complement your research on Universal Logistics. You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.
Universal Logistics 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.