UPDATE SOFTWARE (Germany) Market Value
| UP2 Stock | 16.11 0.21 1.32% |
| Symbol | UPDATE |
Please note, there is a significant difference between UPDATE SOFTWARE's value and its price as these two are different measures arrived at by different means. Investors typically determine if UPDATE SOFTWARE is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, UPDATE SOFTWARE'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.
UPDATE SOFTWARE '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 UPDATE SOFTWARE'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 UPDATE SOFTWARE.
| 12/08/2022 |
| 11/27/2024 |
If you would invest 0.00 in UPDATE SOFTWARE on December 8, 2022 and sell it all today you would earn a total of 0.00 from holding UPDATE SOFTWARE or generate 0.0% return on investment in UPDATE SOFTWARE over 720 days. UPDATE SOFTWARE is related to or competes with AUSTEVOLL SEAFOOD, Goosehead Insurance, TreeHouse Foods, HANOVER INSURANCE, United Insurance, CONAGRA FOODS, and Selective Insurance. More
UPDATE SOFTWARE 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 UPDATE SOFTWARE'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 UPDATE SOFTWARE upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.09 | |||
| Information Ratio | 0.1998 | |||
| Maximum Drawdown | 29.99 | |||
| Value At Risk | (2.90) | |||
| Potential Upside | 7.06 |
UPDATE SOFTWARE Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for UPDATE SOFTWARE's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as UPDATE SOFTWARE's standard deviation. In reality, there are many statistical measures that can use UPDATE SOFTWARE historical prices to predict the future UPDATE SOFTWARE's volatility.| Risk Adjusted Performance | 0.1844 | |||
| Jensen Alpha | 0.8121 | |||
| Total Risk Alpha | 0.3051 | |||
| Sortino Ratio | 0.4006 | |||
| Treynor Ratio | 0.7967 |
UPDATE SOFTWARE Backtested Returns
UPDATE SOFTWARE is not too volatile given 3 months investment horizon. UPDATE SOFTWARE owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.25, which indicates the firm had a 0.25% return per unit of volatility over the last 3 months. We were able to analyze twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.03% are justified by taking the suggested risk. Use UPDATE SOFTWARE risk adjusted performance of 0.1844, and Coefficient Of Variation of 433.72 to evaluate company specific risk that cannot be diversified away. UPDATE SOFTWARE holds a performance score of 19 on a scale of zero to a hundred. The entity has a beta of 1.2, 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, UPDATE SOFTWARE will likely underperform. Use UPDATE SOFTWARE downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to analyze future returns on UPDATE SOFTWARE.
Auto-correlation | 0.14 |
Insignificant predictability
UPDATE SOFTWARE has insignificant predictability. Overlapping area represents the amount of predictability between UPDATE SOFTWARE time series from 8th of December 2022 to 3rd of December 2023 and 3rd of December 2023 to 27th 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 UPDATE SOFTWARE price movement. The serial correlation of 0.14 indicates that less than 14.0% of current UPDATE SOFTWARE price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.14 | |
| Spearman Rank Test | -0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 3.23 |
UPDATE SOFTWARE lagged returns against current returns
Autocorrelation, which is UPDATE SOFTWARE 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 UPDATE SOFTWARE's stock expected returns. We can calculate the autocorrelation of UPDATE SOFTWARE returns to help us make a trade decision. For example, suppose you find that UPDATE SOFTWARE 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 |
UPDATE SOFTWARE 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 UPDATE SOFTWARE stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if UPDATE SOFTWARE stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in UPDATE SOFTWARE stock over time.
Current vs Lagged Prices |
| Timeline |
UPDATE SOFTWARE Lagged Returns
When evaluating UPDATE SOFTWARE's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of UPDATE SOFTWARE stock have on its future price. UPDATE SOFTWARE 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, UPDATE SOFTWARE autocorrelation shows the relationship between UPDATE SOFTWARE stock current value and its past values and can show if there is a momentum factor associated with investing in UPDATE SOFTWARE.
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 UPDATE Stock
UPDATE SOFTWARE financial ratios help investors to determine whether UPDATE 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 UPDATE with respect to the benefits of owning UPDATE SOFTWARE security.