Uniphar Group (Ireland) Market Value
| UPR Stock | EUR 2.10 0.01 0.48% |
| Symbol | Uniphar |
Uniphar 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 Uniphar 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 Uniphar Group.
| 09/25/2024 |
| 11/24/2024 |
If you would invest 0.00 in Uniphar Group on September 25, 2024 and sell it all today you would earn a total of 0.00 from holding Uniphar Group PLC or generate 0.0% return on investment in Uniphar Group over 60 days. Uniphar Group is related to or competes with Dalata Hotel, Kingspan Group, AIB Group, and Glanbia PLC. Uniphar plc operates as a diversified healthcare services company in the Republic of Ireland, the United Kingdom, and in... More
Uniphar 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 Uniphar 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 Uniphar Group PLC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.28) | |||
| Maximum Drawdown | 8.56 | |||
| Value At Risk | (3.03) | |||
| Potential Upside | 2.0 |
Uniphar Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Uniphar Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Uniphar Group's standard deviation. In reality, there are many statistical measures that can use Uniphar Group historical prices to predict the future Uniphar Group's volatility.| Risk Adjusted Performance | (0.15) | |||
| Jensen Alpha | (0.40) | |||
| Total Risk Alpha | (0.64) | |||
| Treynor Ratio | (1.71) |
Uniphar Group PLC Backtested Returns
Uniphar Group PLC 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. Uniphar Group PLC exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Uniphar Group's Coefficient Of Variation of (483.25), risk adjusted performance of (0.15), and Variance of 3.02 to confirm the risk estimate we provide. The entity has a beta of 0.22, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Uniphar Group's returns are expected to increase less than the market. However, during the bear market, the loss of holding Uniphar Group is expected to be smaller as well. At this point, Uniphar Group PLC has a negative expected return of -0.36%. Please make sure to validate Uniphar Group's skewness, rate of daily change, and the relationship between the value at risk and accumulation distribution , to decide if Uniphar Group PLC performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.79 |
Good predictability
Uniphar Group PLC has good predictability. Overlapping area represents the amount of predictability between Uniphar Group time series from 25th of September 2024 to 25th of October 2024 and 25th of October 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 Uniphar Group PLC price movement. The serial correlation of 0.79 indicates that around 79.0% of current Uniphar Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.79 | |
| Spearman Rank Test | 0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Uniphar Group PLC lagged returns against current returns
Autocorrelation, which is Uniphar 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 Uniphar Group's stock expected returns. We can calculate the autocorrelation of Uniphar Group returns to help us make a trade decision. For example, suppose you find that Uniphar 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 |
Uniphar 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 Uniphar Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Uniphar Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Uniphar Group stock over time.
Current vs Lagged Prices |
| Timeline |
Uniphar Group Lagged Returns
When evaluating Uniphar Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Uniphar Group stock have on its future price. Uniphar 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, Uniphar Group autocorrelation shows the relationship between Uniphar Group stock current value and its past values and can show if there is a momentum factor associated with investing in Uniphar Group PLC.
Regressed Prices |
| Timeline |
Pair Trading with Uniphar 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 Uniphar 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 Uniphar Group will appreciate offsetting losses from the drop in the long position's value.Moving together with Uniphar Stock
Moving against Uniphar Stock
| 0.89 | RYA | Ryanair Holdings plc | PairCorr |
| 0.84 | 8GW | Great Western Mining | PairCorr |
| 0.77 | C5H | Cairn Homes PLC | PairCorr |
| 0.52 | GVR | Glenveagh Properties PLC | PairCorr |
The ability to find closely correlated positions to Uniphar 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 Uniphar 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 Uniphar 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 Uniphar Group PLC to buy it.
The correlation of Uniphar 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 Uniphar Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Uniphar Group PLC 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 Uniphar 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 Uniphar Stock Analysis
When running Uniphar Group's price analysis, check to measure Uniphar 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 Uniphar Group is operating at the current time. Most of Uniphar Group's value examination focuses on studying past and present price action to predict the probability of Uniphar 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 Uniphar Group's price. Additionally, you may evaluate how the addition of Uniphar Group to your portfolios can decrease your overall portfolio volatility.