Unibap AB (Sweden) Market Value
| UNIBAP Stock | SEK 3.41 0.04 1.16% |
| Symbol | Unibap |
Unibap AB '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 Unibap AB'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 Unibap AB.
| 12/06/2022 |
| 11/25/2024 |
If you would invest 0.00 in Unibap AB on December 6, 2022 and sell it all today you would earn a total of 0.00 from holding Unibap AB or generate 0.0% return on investment in Unibap AB over 720 days. Unibap AB is related to or competes with Acconeer, BIMobject, Gapwaves, Sedana Medical, and MAG Interactive. Unibap AB supplies vision processing and visual perception solutions in Sweden More
Unibap AB 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 Unibap AB'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 Unibap AB upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.31 | |||
| Information Ratio | 0.0378 | |||
| Maximum Drawdown | 16.92 | |||
| Value At Risk | (5.83) | |||
| Potential Upside | 6.79 |
Unibap AB Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Unibap AB's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Unibap AB's standard deviation. In reality, there are many statistical measures that can use Unibap AB historical prices to predict the future Unibap AB's volatility.| Risk Adjusted Performance | 0.064 | |||
| Jensen Alpha | 0.3 | |||
| Total Risk Alpha | (0.32) | |||
| Sortino Ratio | 0.0424 | |||
| Treynor Ratio | (0.81) |
Unibap AB Backtested Returns
Unibap AB appears to be risky, given 3 months investment horizon. Unibap AB owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0808, which indicates the firm had a 0.0808% return per unit of risk over the last 3 months. We have found thirty technical indicators for Unibap AB, which you can use to evaluate the volatility of the company. Please review Unibap AB's Coefficient Of Variation of 1368.5, risk adjusted performance of 0.064, and Semi Deviation of 3.02 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Unibap AB holds a performance score of 6. The entity has a beta of -0.32, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Unibap AB are expected to decrease at a much lower rate. During the bear market, Unibap AB is likely to outperform the market. Please check Unibap AB's jensen alpha, maximum drawdown, semi variance, as well as the relationship between the sortino ratio and potential upside , to make a quick decision on whether Unibap AB's existing price patterns will revert.
Auto-correlation | -0.64 |
Very good reverse predictability
Unibap AB has very good reverse predictability. Overlapping area represents the amount of predictability between Unibap AB 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 Unibap AB price movement. The serial correlation of -0.64 indicates that roughly 64.0% of current Unibap AB price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.64 | |
| Spearman Rank Test | -0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 0.22 |
Unibap AB lagged returns against current returns
Autocorrelation, which is Unibap AB 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 Unibap AB's stock expected returns. We can calculate the autocorrelation of Unibap AB returns to help us make a trade decision. For example, suppose you find that Unibap AB 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 |
Unibap AB 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 Unibap AB stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Unibap AB stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Unibap AB stock over time.
Current vs Lagged Prices |
| Timeline |
Unibap AB Lagged Returns
When evaluating Unibap AB's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Unibap AB stock have on its future price. Unibap AB 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, Unibap AB autocorrelation shows the relationship between Unibap AB stock current value and its past values and can show if there is a momentum factor associated with investing in Unibap AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Unibap Stock
Unibap AB financial ratios help investors to determine whether Unibap 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 Unibap with respect to the benefits of owning Unibap AB security.