Unity Bancorp Stock Market Value
| UNTY Stock | USD 46.67 0.06 0.13% |
| Symbol | Unity |
Unity Bancorp Price To Book Ratio
Is Regional Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Unity Bancorp. If investors know Unity will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Unity Bancorp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.103 | Dividend Share 0.51 | Earnings Share 3.9 | Revenue Per Share 10.035 | Quarterly Revenue Growth 0.062 |
The market value of Unity Bancorp is measured differently than its book value, which is the value of Unity that is recorded on the company's balance sheet. Investors also form their own opinion of Unity Bancorp's value that differs from its market value or its book value, called intrinsic value, which is Unity Bancorp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Unity Bancorp's market value can be influenced by many factors that don't directly affect Unity Bancorp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Unity Bancorp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Unity Bancorp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Unity Bancorp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Unity Bancorp '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 Unity Bancorp'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 Unity Bancorp.
| 05/30/2024 |
| 11/26/2024 |
If you would invest 0.00 in Unity Bancorp on May 30, 2024 and sell it all today you would earn a total of 0.00 from holding Unity Bancorp or generate 0.0% return on investment in Unity Bancorp over 180 days. Unity Bancorp is related to or competes with Affinity Bancshares, Home Federal, Stellar Bancorp,, Meridian Bank, Texas Community, Pioneer Bancorp, and Prime Meridian. Unity Bancorp, Inc. operates as the holding company for Unity Bank that provides commercial and retail banking products ... More
Unity Bancorp 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 Unity Bancorp'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 Unity Bancorp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.55 | |||
| Information Ratio | 0.1757 | |||
| Maximum Drawdown | 16.92 | |||
| Value At Risk | (2.74) | |||
| Potential Upside | 5.56 |
Unity Bancorp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Unity Bancorp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Unity Bancorp's standard deviation. In reality, there are many statistical measures that can use Unity Bancorp historical prices to predict the future Unity Bancorp's volatility.| Risk Adjusted Performance | 0.1791 | |||
| Jensen Alpha | 0.3065 | |||
| Total Risk Alpha | 0.1701 | |||
| Sortino Ratio | 0.3058 | |||
| Treynor Ratio | 0.2487 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Unity Bancorp'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.
Unity Bancorp Backtested Returns
Unity Bancorp appears to be very steady, given 3 months investment horizon. Unity Bancorp owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.21, which indicates the firm had a 0.21% return per unit of risk over the last 3 months. By inspecting Unity Bancorp's technical indicators, you can evaluate if the expected return of 0.57% is justified by implied risk. Please review Unity Bancorp's Risk Adjusted Performance of 0.1791, coefficient of variation of 446.19, and Semi Deviation of 1.1 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Unity Bancorp holds a performance score of 16. The entity has a beta of 2.4, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Unity Bancorp will likely underperform. Please check Unity Bancorp's total risk alpha, downside variance, daily balance of power, as well as the relationship between the maximum drawdown and skewness , to make a quick decision on whether Unity Bancorp's existing price patterns will revert.
Auto-correlation | 0.70 |
Good predictability
Unity Bancorp has good predictability. Overlapping area represents the amount of predictability between Unity Bancorp time series from 30th of May 2024 to 28th of August 2024 and 28th of August 2024 to 26th 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 Unity Bancorp price movement. The serial correlation of 0.7 indicates that around 70.0% of current Unity Bancorp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.7 | |
| Spearman Rank Test | 0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 25.28 |
Unity Bancorp lagged returns against current returns
Autocorrelation, which is Unity Bancorp 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 Unity Bancorp's stock expected returns. We can calculate the autocorrelation of Unity Bancorp returns to help us make a trade decision. For example, suppose you find that Unity Bancorp 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 |
Unity Bancorp 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 Unity Bancorp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Unity Bancorp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Unity Bancorp stock over time.
Current vs Lagged Prices |
| Timeline |
Unity Bancorp Lagged Returns
When evaluating Unity Bancorp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Unity Bancorp stock have on its future price. Unity Bancorp 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, Unity Bancorp autocorrelation shows the relationship between Unity Bancorp stock current value and its past values and can show if there is a momentum factor associated with investing in Unity Bancorp.
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 Unity Stock Analysis
When running Unity Bancorp's price analysis, check to measure Unity Bancorp'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 Unity Bancorp is operating at the current time. Most of Unity Bancorp's value examination focuses on studying past and present price action to predict the probability of Unity Bancorp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Unity Bancorp's price. Additionally, you may evaluate how the addition of Unity Bancorp to your portfolios can decrease your overall portfolio volatility.