Unitedhealth Group Cdr Stock Market Value
| UNH Stock | 24.85 0.36 1.43% |
| Symbol | UnitedHealth |
UnitedHealth Group '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 UnitedHealth Group'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 UnitedHealth Group.
| 01/17/2025 |
| 02/16/2025 |
If you would invest 0.00 in UnitedHealth Group on January 17, 2025 and sell it all today you would earn a total of 0.00 from holding UnitedHealth Group CDR or generate 0.0% return on investment in UnitedHealth Group over 30 days. UnitedHealth Group is related to or competes with Sun Life, E L, CI Financial, Boat Rocker, and Quipt Home. UnitedHealth Group is entity of Canada. It is traded as Stock on NEO exchange. More
UnitedHealth Group 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 UnitedHealth Group'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 UnitedHealth Group CDR upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 10.08 | |||
| Value At Risk | (4.95) | |||
| Potential Upside | 2.5 |
UnitedHealth Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for UnitedHealth Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as UnitedHealth Group's standard deviation. In reality, there are many statistical measures that can use UnitedHealth Group historical prices to predict the future UnitedHealth Group's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.23) | |||
| Total Risk Alpha | (0.24) | |||
| Treynor Ratio | 3.88 |
UnitedHealth Group CDR Backtested Returns
UnitedHealth Group CDR owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0783, which indicates the firm had a -0.0783 % return per unit of risk over the last 3 months. UnitedHealth Group CDR exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate UnitedHealth Group's Variance of 4.41, risk adjusted performance of (0.07), and Coefficient Of Variation of (936.91) to confirm the risk estimate we provide. The entity has a beta of -0.0603, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning UnitedHealth Group are expected to decrease at a much lower rate. During the bear market, UnitedHealth Group is likely to outperform the market. At this point, UnitedHealth Group CDR has a negative expected return of -0.17%. Please make sure to validate UnitedHealth Group's maximum drawdown, daily balance of power, period momentum indicator, as well as the relationship between the skewness and day typical price , to decide if UnitedHealth Group CDR performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.75 |
Almost perfect reverse predictability
UnitedHealth Group CDR has almost perfect reverse predictability. Overlapping area represents the amount of predictability between UnitedHealth Group time series from 17th of January 2025 to 1st of February 2025 and 1st of February 2025 to 16th 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 UnitedHealth Group CDR price movement. The serial correlation of -0.75 indicates that around 75.0% of current UnitedHealth Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.75 | |
| Spearman Rank Test | -0.72 | |
| Residual Average | 0.0 | |
| Price Variance | 0.17 |
UnitedHealth Group CDR lagged returns against current returns
Autocorrelation, which is UnitedHealth Group 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 UnitedHealth Group's stock expected returns. We can calculate the autocorrelation of UnitedHealth Group returns to help us make a trade decision. For example, suppose you find that UnitedHealth Group 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 |
UnitedHealth Group 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 UnitedHealth Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if UnitedHealth Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in UnitedHealth Group stock over time.
Current vs Lagged Prices |
| Timeline |
UnitedHealth Group Lagged Returns
When evaluating UnitedHealth Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of UnitedHealth Group stock have on its future price. UnitedHealth Group 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, UnitedHealth Group autocorrelation shows the relationship between UnitedHealth Group stock current value and its past values and can show if there is a momentum factor associated with investing in UnitedHealth Group CDR.
Regressed Prices |
| Timeline |
Pair Trading with UnitedHealth Group
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if UnitedHealth Group position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in UnitedHealth Group will appreciate offsetting losses from the drop in the long position's value.Moving together with UnitedHealth Stock
Moving against UnitedHealth Stock
| 0.87 | OIII | O3 Mining | PairCorr |
| 0.74 | FFH-PM | Fairfax Financial | PairCorr |
| 0.72 | ELF-PH | E L Financial | PairCorr |
| 0.64 | FFH-PH | Fairfax Financial | PairCorr |
| 0.62 | SEC | Senvest Capital | PairCorr |
The ability to find closely correlated positions to UnitedHealth Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace UnitedHealth Group when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back UnitedHealth Group - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling UnitedHealth Group CDR to buy it.
The correlation of UnitedHealth Group is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as UnitedHealth Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if UnitedHealth Group CDR moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for UnitedHealth Group can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in UnitedHealth Stock
UnitedHealth Group financial ratios help investors to determine whether UnitedHealth Stock 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 UnitedHealth with respect to the benefits of owning UnitedHealth Group security.