United Bankers (Finland) Market Value
| UNITED Stock | EUR 18.45 0.45 2.50% |
| Symbol | United |
United Bankers '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 Bankers' 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 United Bankers.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in United Bankers on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding United Bankers Oyj or generate 0.0% return on investment in United Bankers over 30 days. United Bankers is related to or competes with Alandsbanken Abp, Nordea Bank, SSH Communications, and Metsa Board. It offers direct and structured bonds, asset management, fund management, brokerage, investment banking, real assets inv... More
United Bankers 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 Bankers' 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 United Bankers Oyj upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.71 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 8.29 | |||
| Value At Risk | (2.89) | |||
| Potential Upside | 2.69 |
United Bankers Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for United Bankers' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as United Bankers' standard deviation. In reality, there are many statistical measures that can use United Bankers historical prices to predict the future United Bankers' volatility.| Risk Adjusted Performance | 0.0214 | |||
| Jensen Alpha | 0.0184 | |||
| Total Risk Alpha | (0.22) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.4829 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of United Bankers' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
United Bankers Oyj Backtested Returns
At this point, United Bankers is not too volatile. United Bankers Oyj owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0142, which indicates the firm had a 0.0142% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for United Bankers Oyj, which you can use to evaluate the volatility of the company. Please validate United Bankers' Semi Deviation of 1.48, coefficient of variation of 4754.63, and Risk Adjusted Performance of 0.0214 to confirm if the risk estimate we provide is consistent with the expected return of 0.0231%. United Bankers has a performance score of 1 on a scale of 0 to 100. The entity has a beta of 0.0501, which indicates not very significant fluctuations relative to the market. As returns on the market increase, United Bankers' returns are expected to increase less than the market. However, during the bear market, the loss of holding United Bankers is expected to be smaller as well. United Bankers Oyj right now has a risk of 1.63%. Please validate United Bankers sortino ratio, skewness, price action indicator, as well as the relationship between the potential upside and rate of daily change , to decide if United Bankers will be following its existing price patterns.
Auto-correlation | -0.08 |
Very weak reverse predictability
United Bankers Oyj has very weak reverse predictability. Overlapping area represents the amount of predictability between United Bankers time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Bankers Oyj price movement. The serial correlation of -0.08 indicates that barely 8.0% of current United Bankers price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.08 | |
| Spearman Rank Test | -0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 0.13 |
United Bankers Oyj lagged returns against current returns
Autocorrelation, which is United Bankers 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 United Bankers' stock expected returns. We can calculate the autocorrelation of United Bankers returns to help us make a trade decision. For example, suppose you find that United Bankers 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 |
United Bankers 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 Bankers stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if United Bankers stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in United Bankers stock over time.
Current vs Lagged Prices |
| Timeline |
United Bankers Lagged Returns
When evaluating United Bankers' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of United Bankers stock have on its future price. United Bankers 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 Bankers autocorrelation shows the relationship between United Bankers stock current value and its past values and can show if there is a momentum factor associated with investing in United Bankers Oyj.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in United Stock
United Bankers financial ratios help investors to determine whether United 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 United with respect to the benefits of owning United Bankers security.