UNICREDIT SPA 5861 Market Value
| 904678AF6 | 91.57 8.16 8.18% |
| Symbol | UNICREDIT |
UNICREDIT '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 UNICREDIT's bond 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 UNICREDIT.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in UNICREDIT on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding UNICREDIT SPA 5861 or generate 0.0% return on investment in UNICREDIT over 30 days. UNICREDIT is related to or competes with RLX Technology, Ziff Davis, Diageo PLC, Scandinavian Tobacco, Sphere Entertainment, Radcom, and Philip Morris. More
UNICREDIT 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 UNICREDIT's bond 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 UNICREDIT SPA 5861 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.23) | |||
| Maximum Drawdown | 1.77 | |||
| Value At Risk | (0.43) | |||
| Potential Upside | 0.3644 |
UNICREDIT Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for UNICREDIT's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as UNICREDIT's standard deviation. In reality, there are many statistical measures that can use UNICREDIT historical prices to predict the future UNICREDIT's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.10) | |||
| Total Risk Alpha | (0.25) | |||
| Treynor Ratio | 0.6386 |
UNICREDIT SPA 5861 Backtested Returns
UNICREDIT SPA 5861 owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.14, which indicates the bond had a -0.14% return per unit of volatility over the last 3 months. UNICREDIT SPA 5861 exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate UNICREDIT's risk adjusted performance of (0.09), and Variance of 0.9174 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, returns on owning UNICREDIT are expected to decrease at a much lower rate. During the bear market, UNICREDIT is likely to outperform the market.
Auto-correlation | -0.25 |
Weak reverse predictability
UNICREDIT SPA 5861 has weak reverse predictability. Overlapping area represents the amount of predictability between UNICREDIT time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 UNICREDIT SPA 5861 price movement. The serial correlation of -0.25 indicates that over 25.0% of current UNICREDIT price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.25 | |
| Spearman Rank Test | 0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 6.42 |
UNICREDIT SPA 5861 lagged returns against current returns
Autocorrelation, which is UNICREDIT bond'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 UNICREDIT's bond expected returns. We can calculate the autocorrelation of UNICREDIT returns to help us make a trade decision. For example, suppose you find that UNICREDIT has exhibited high autocorrelation historically, and you observe that the bond 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 |
UNICREDIT 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 UNICREDIT bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if UNICREDIT bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in UNICREDIT bond over time.
Current vs Lagged Prices |
| Timeline |
UNICREDIT Lagged Returns
When evaluating UNICREDIT's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of UNICREDIT bond have on its future price. UNICREDIT 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, UNICREDIT autocorrelation shows the relationship between UNICREDIT bond current value and its past values and can show if there is a momentum factor associated with investing in UNICREDIT SPA 5861.
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 UNICREDIT Bond
UNICREDIT financial ratios help investors to determine whether UNICREDIT Bond 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 UNICREDIT with respect to the benefits of owning UNICREDIT security.