Unit Corporation Stock Market Value
| UNTCW Stock | USD 0.51 0.04 7.27% |
| Symbol | Unit |
Unit '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 Unit'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 Unit.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in Unit on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding Unit Corporation or generate 0.0% return on investment in Unit over 720 days. Unit is related to or competes with Unit, and Pardee Resources. Unit Corporation, together with its subsidiaries, engages in the exploration, acquisition, development, and production o... More
Unit 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 Unit'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 Unit Corporation upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 29.54 | |||
| Information Ratio | 0.1545 | |||
| Maximum Drawdown | 99.3 | |||
| Value At Risk | (42.50) | |||
| Potential Upside | 53.85 |
Unit Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Unit's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Unit's standard deviation. In reality, there are many statistical measures that can use Unit historical prices to predict the future Unit's volatility.| Risk Adjusted Performance | 0.1313 | |||
| Jensen Alpha | 3.53 | |||
| Total Risk Alpha | 0.6236 | |||
| Sortino Ratio | 0.114 | |||
| Treynor Ratio | (5.15) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Unit's 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.
Unit Backtested Returns
Unit is out of control given 3 months investment horizon. Unit owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.16, which indicates the firm had a 0.16% return per unit of risk over the last 3 months. We were able to break down thirty different technical indicators, which can help you to evaluate if expected returns of 3.48% are justified by taking the suggested risk. Use Unit Risk Adjusted Performance of 0.1313, coefficient of variation of 626.99, and Semi Deviation of 13.31 to evaluate company specific risk that cannot be diversified away. Unit holds a performance score of 12 on a scale of zero to a hundred. The entity has a beta of -0.67, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Unit are expected to decrease at a much lower rate. During the bear market, Unit is likely to outperform the market. Use Unit maximum drawdown, as well as the relationship between the skewness and day typical price , to analyze future returns on Unit.
Auto-correlation | 0.85 |
Very good predictability
Unit Corporation has very good predictability. Overlapping area represents the amount of predictability between Unit 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 Unit price movement. The serial correlation of 0.85 indicates that around 85.0% of current Unit price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.85 | |
| Spearman Rank Test | 0.57 | |
| Residual Average | 0.0 | |
| Price Variance | 0.27 |
Unit lagged returns against current returns
Autocorrelation, which is Unit 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 Unit's pink sheet expected returns. We can calculate the autocorrelation of Unit returns to help us make a trade decision. For example, suppose you find that Unit 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 |
Unit 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 Unit pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Unit pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Unit pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Unit Lagged Returns
When evaluating Unit's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Unit pink sheet have on its future price. Unit 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, Unit autocorrelation shows the relationship between Unit pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Unit Corporation.
Regressed Prices |
| Timeline |
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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.Additional Tools for Unit Pink Sheet Analysis
When running Unit's price analysis, check to measure Unit's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Unit is operating at the current time. Most of Unit's value examination focuses on studying past and present price action to predict the probability of Unit's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Unit's price. Additionally, you may evaluate how the addition of Unit to your portfolios can decrease your overall portfolio volatility.