Universal Power Industry Stock Market Value
| UPIN Stock | USD 0.01 0.01 170.27% |
| Symbol | Universal |
Universal Power '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 Universal Power'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 Universal Power.
| 11/17/2024 |
| 12/17/2024 |
If you would invest 0.00 in Universal Power on November 17, 2024 and sell it all today you would earn a total of 0.00 from holding Universal Power Industry or generate 0.0% return on investment in Universal Power over 30 days. Universal Power is related to or competes with Protect Pharmaceutical, Steel Partners, FTAI Infrastructure, Griffon, Matthews International, Mammoth Energy, and NN. Universal Power Industry Corporation designs, imports, and wholesales apparel under the Indigo People brand More
Universal Power 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 Universal Power'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 Universal Power Industry upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1192 | |||
| Maximum Drawdown | 170.27 |
Universal Power Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Universal Power's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Universal Power's standard deviation. In reality, there are many statistical measures that can use Universal Power historical prices to predict the future Universal Power's volatility.| Risk Adjusted Performance | 0.0987 | |||
| Jensen Alpha | 2.81 | |||
| Total Risk Alpha | 0.3876 | |||
| Treynor Ratio | (0.85) |
Universal Power Industry Backtested Returns
Universal Power is out of control given 3 months investment horizon. Universal Power Industry owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.13, which indicates the firm had a 0.13% return per unit of risk over the last 3 months. We were able to collect and analyze data for nineteen different technical indicators, which can help you to evaluate if expected returns of 2.67% are justified by taking the suggested risk. Use Universal Power Industry Risk Adjusted Performance of 0.0987, coefficient of variation of 811.32, and Variance of 441.01 to evaluate company specific risk that cannot be diversified away. Universal Power holds a performance score of 9 on a scale of zero to a hundred. The entity has a beta of -3.04, which indicates a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Universal Power are expected to decrease by larger amounts. On the other hand, during market turmoil, Universal Power is expected to outperform it. Use Universal Power Industry variance, kurtosis, as well as the relationship between the Kurtosis and price action indicator , to analyze future returns on Universal Power Industry.
Auto-correlation | -0.18 |
Insignificant reverse predictability
Universal Power Industry has insignificant reverse predictability. Overlapping area represents the amount of predictability between Universal Power time series from 17th of November 2024 to 2nd of December 2024 and 2nd of December 2024 to 17th of December 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 Universal Power Industry price movement. The serial correlation of -0.18 indicates that over 18.0% of current Universal Power price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.18 | |
| Spearman Rank Test | 0.59 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Universal Power Industry lagged returns against current returns
Autocorrelation, which is Universal Power 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 Universal Power's pink sheet expected returns. We can calculate the autocorrelation of Universal Power returns to help us make a trade decision. For example, suppose you find that Universal Power 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 |
Universal Power 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 Universal Power pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Universal Power pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Universal Power pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Universal Power Lagged Returns
When evaluating Universal Power's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Universal Power pink sheet have on its future price. Universal Power 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, Universal Power autocorrelation shows the relationship between Universal Power pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Universal Power Industry.
Regressed Prices |
| Timeline |
Pair Trading with Universal Power
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 Universal Power 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 Universal Power will appreciate offsetting losses from the drop in the long position's value.Moving against Universal Pink Sheet
| 0.49 | GE | GE Aerospace Fiscal Year End 28th of January 2025 | PairCorr |
| 0.48 | NVR | NVR Inc | PairCorr |
| 0.48 | JNJ | Johnson Johnson Fiscal Year End 28th of January 2025 | PairCorr |
| 0.35 | INTC | Intel Aggressive Push | PairCorr |
| 0.33 | DD | Dupont De Nemours Fiscal Year End 4th of February 2025 | PairCorr |
The ability to find closely correlated positions to Universal Power could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Universal Power 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 Universal Power - 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 Universal Power Industry to buy it.
The correlation of Universal Power 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 Universal Power moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Universal Power Industry 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 Universal Power 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.Other Information on Investing in Universal Pink Sheet
Universal Power financial ratios help investors to determine whether Universal Pink Sheet 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 Universal with respect to the benefits of owning Universal Power security.