Universal Music Group Stock Market Value
| UMGNF Stock | USD 23.90 0.70 3.02% |
| Symbol | Universal |
Universal Music '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 Music'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 Universal Music.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in Universal Music on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding Universal Music Group or generate 0.0% return on investment in Universal Music over 720 days. Universal Music is related to or competes with Thunderbird Entertainment, Warner Music, Live Nation, Atlanta Braves, Warner Bros, Reading International, and Reservoir Media. Universal Music Group N.V. operates as a music company worldwide More
Universal Music 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 Music'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 Universal Music Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 9.41 | |||
| Value At Risk | (2.84) | |||
| Potential Upside | 3.01 |
Universal Music Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Universal Music's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Universal Music's standard deviation. In reality, there are many statistical measures that can use Universal Music historical prices to predict the future Universal Music's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.21) | |||
| Total Risk Alpha | (0.41) | |||
| Treynor Ratio | (0.25) |
Universal Music Group Backtested Returns
Universal Music Group owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0606, which indicates the firm had a -0.0606% return per unit of risk over the last 3 months. Universal Music Group exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Universal Music's Coefficient Of Variation of (1,460), variance of 4.06, and Risk Adjusted Performance of (0.05) to confirm the risk estimate we provide. The entity has a beta of 0.6, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Universal Music's returns are expected to increase less than the market. However, during the bear market, the loss of holding Universal Music is expected to be smaller as well. At this point, Universal Music Group has a negative expected return of -0.12%. Please make sure to validate Universal Music's maximum drawdown, as well as the relationship between the accumulation distribution and day typical price , to decide if Universal Music Group performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.72 |
Almost perfect reverse predictability
Universal Music Group has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Universal Music time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 to 22nd 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 Music Group price movement. The serial correlation of -0.72 indicates that around 72.0% of current Universal Music price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.72 | |
| Spearman Rank Test | 0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 4.63 |
Universal Music Group lagged returns against current returns
Autocorrelation, which is Universal Music 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 Universal Music's pink sheet expected returns. We can calculate the autocorrelation of Universal Music returns to help us make a trade decision. For example, suppose you find that Universal Music 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 |
Universal Music 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 Music pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Universal Music pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Universal Music pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Universal Music Lagged Returns
When evaluating Universal Music's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Universal Music pink sheet have on its future price. Universal Music 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 Music autocorrelation shows the relationship between Universal Music pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Universal Music Group.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Universal Pink Sheet
Universal Music financial ratios help investors to determine whether Universal 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 Universal with respect to the benefits of owning Universal Music security.