Unifiedpost Group (Belgium) Market Value
| UPG Stock | EUR 3.30 0.05 1.54% |
| Symbol | Unifiedpost |
Unifiedpost Group '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 Unifiedpost Group'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 Unifiedpost Group.
| 10/25/2024 |
| 11/24/2024 |
If you would invest 0.00 in Unifiedpost Group on October 25, 2024 and sell it all today you would earn a total of 0.00 from holding Unifiedpost Group SA or generate 0.0% return on investment in Unifiedpost Group over 30 days. Unifiedpost Group is related to or competes with Exmar NV, Ontex Group, X Fab, and VGP NV. UnifiedPost Group operates and develops a cloud-based platform for administrative and financial services in Belgium More
Unifiedpost Group 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 Unifiedpost Group'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 Unifiedpost Group SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 14.51 | |||
| Value At Risk | (3.69) | |||
| Potential Upside | 5.07 |
Unifiedpost Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Unifiedpost Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Unifiedpost Group's standard deviation. In reality, there are many statistical measures that can use Unifiedpost Group historical prices to predict the future Unifiedpost Group's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.47) | |||
| Treynor Ratio | (0.32) |
Unifiedpost Group Backtested Returns
Unifiedpost Group owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0098, which indicates the firm had a -0.0098% return per unit of risk over the last 3 months. Unifiedpost Group SA exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Unifiedpost Group's Variance of 6.77, risk adjusted performance of (0.01), and Coefficient Of Variation of (5,058) to confirm the risk estimate we provide. The entity has a beta of 0.19, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Unifiedpost Group's returns are expected to increase less than the market. However, during the bear market, the loss of holding Unifiedpost Group is expected to be smaller as well. At this point, Unifiedpost Group has a negative expected return of -0.0254%. Please make sure to validate Unifiedpost Group's maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to decide if Unifiedpost Group performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.77 |
Good predictability
Unifiedpost Group SA has good predictability. Overlapping area represents the amount of predictability between Unifiedpost Group time series from 25th of October 2024 to 9th of November 2024 and 9th of November 2024 to 24th 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 Unifiedpost Group price movement. The serial correlation of 0.77 indicates that around 77.0% of current Unifiedpost Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.77 | |
| Spearman Rank Test | 0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Unifiedpost Group lagged returns against current returns
Autocorrelation, which is Unifiedpost Group 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 Unifiedpost Group's stock expected returns. We can calculate the autocorrelation of Unifiedpost Group returns to help us make a trade decision. For example, suppose you find that Unifiedpost Group 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 |
Unifiedpost Group 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 Unifiedpost Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Unifiedpost Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Unifiedpost Group stock over time.
Current vs Lagged Prices |
| Timeline |
Unifiedpost Group Lagged Returns
When evaluating Unifiedpost Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Unifiedpost Group stock have on its future price. Unifiedpost Group 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, Unifiedpost Group autocorrelation shows the relationship between Unifiedpost Group stock current value and its past values and can show if there is a momentum factor associated with investing in Unifiedpost Group SA.
Regressed Prices |
| Timeline |
Pair Trading with Unifiedpost Group
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Unifiedpost Group position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Unifiedpost Group will appreciate offsetting losses from the drop in the long position's value.Moving together with Unifiedpost Stock
Moving against Unifiedpost Stock
The ability to find closely correlated positions to Unifiedpost Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Unifiedpost Group when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Unifiedpost Group - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Unifiedpost Group SA to buy it.
The correlation of Unifiedpost Group is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Unifiedpost Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Unifiedpost Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Unifiedpost Group can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Unifiedpost Stock Analysis
When running Unifiedpost Group's price analysis, check to measure Unifiedpost Group'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 Unifiedpost Group is operating at the current time. Most of Unifiedpost Group's value examination focuses on studying past and present price action to predict the probability of Unifiedpost Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Unifiedpost Group's price. Additionally, you may evaluate how the addition of Unifiedpost Group to your portfolios can decrease your overall portfolio volatility.