United Energy Group Stock Market Value
| UNEGF Stock | USD 0.04 0.00 0.00% |
| Symbol | United |
United Energy '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 United Energy'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 United Energy.
| 12/06/2022 |
| 11/25/2024 |
If you would invest 0.00 in United Energy on December 6, 2022 and sell it all today you would earn a total of 0.00 from holding United Energy Group or generate 0.0% return on investment in United Energy over 720 days. United Energy is related to or competes with Devon Energy, ConocoPhillips, Marathon Oil, and Diamondback Energy. United Energy Group Limited, an investment holding company, engages in the investment and operation of upstream oil, nat... More
United Energy 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 United Energy'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 United Energy Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.02 | |||
| Maximum Drawdown | 47.11 |
United Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for United Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as United Energy's standard deviation. In reality, there are many statistical measures that can use United Energy historical prices to predict the future United Energy's volatility.| Risk Adjusted Performance | 0.0443 | |||
| Jensen Alpha | 0.3429 | |||
| Total Risk Alpha | (0.55) | |||
| Treynor Ratio | (0.21) |
United Energy Group Backtested Returns
United Energy appears to be out of control, given 3 months investment horizon. United Energy Group owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0478, which indicates the firm had a 0.0478% return per unit of risk over the last 3 months. We have found seventeen technical indicators for United Energy Group, which you can use to evaluate the volatility of the company. Please review United Energy's Risk Adjusted Performance of 0.0443, coefficient of variation of 2140.89, and Variance of 24.02 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, United Energy holds a performance score of 3. The entity has a beta of -1.03, which indicates a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning United Energy are expected to decrease slowly. On the other hand, during market turmoil, United Energy is expected to outperform it slightly. Please check United Energy's maximum drawdown, as well as the relationship between the rate of daily change and relative strength index , to make a quick decision on whether United Energy's existing price patterns will revert.
Auto-correlation | -0.49 |
Modest reverse predictability
United Energy Group has modest reverse predictability. Overlapping area represents the amount of predictability between United Energy time series from 6th of December 2022 to 1st of December 2023 and 1st of December 2023 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 United Energy Group price movement. The serial correlation of -0.49 indicates that about 49.0% of current United Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.49 | |
| Spearman Rank Test | -0.69 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
United Energy Group lagged returns against current returns
Autocorrelation, which is United Energy 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 United Energy's pink sheet expected returns. We can calculate the autocorrelation of United Energy returns to help us make a trade decision. For example, suppose you find that United Energy 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 |
United Energy 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 United Energy pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if United Energy pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in United Energy pink sheet over time.
Current vs Lagged Prices |
| Timeline |
United Energy Lagged Returns
When evaluating United Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of United Energy pink sheet have on its future price. United Energy 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, United Energy autocorrelation shows the relationship between United Energy pink sheet current value and its past values and can show if there is a momentum factor associated with investing in United Energy Group.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in United Pink Sheet
United Energy financial ratios help investors to determine whether United 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 United with respect to the benefits of owning United Energy security.