UNION ELEC 4 Market Value
| 906548CN0 | 82.24 0.14 0.17% |
| Symbol | UNION |
UNION '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 UNION'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 UNION.
| 10/10/2023 |
| 12/03/2024 |
If you would invest 0.00 in UNION on October 10, 2023 and sell it all today you would earn a total of 0.00 from holding UNION ELEC 4 or generate 0.0% return on investment in UNION over 420 days. UNION is related to or competes with Mativ Holdings, NL Industries, Ecolab, Aegon NV, CapitaLand Investment, Origin Materials, and Boyd Gaming. More
UNION 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 UNION'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 UNION ELEC 4 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.2 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 5.39 | |||
| Value At Risk | (1.98) | |||
| Potential Upside | 2.0 |
UNION Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for UNION's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as UNION's standard deviation. In reality, there are many statistical measures that can use UNION historical prices to predict the future UNION's volatility.| Risk Adjusted Performance | 0.045 | |||
| Jensen Alpha | 0.0625 | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | (0.55) |
UNION ELEC 4 Backtested Returns
UNION ELEC 4 owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0847, which indicates the bond had a -0.0847% return per unit of volatility over the last 3 months. UNION ELEC 4 exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate UNION's risk adjusted performance of 0.045, and Coefficient Of Variation of 1827.46 to confirm the risk estimate we provide. The entity has a beta of -0.0942, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning UNION are expected to decrease at a much lower rate. During the bear market, UNION is likely to outperform the market.
Auto-correlation | 0.41 |
Average predictability
UNION ELEC 4 has average predictability. Overlapping area represents the amount of predictability between UNION time series from 10th of October 2023 to 7th of May 2024 and 7th of May 2024 to 3rd 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 UNION ELEC 4 price movement. The serial correlation of 0.41 indicates that just about 41.0% of current UNION price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.41 | |
| Spearman Rank Test | 0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 5.76 |
UNION ELEC 4 lagged returns against current returns
Autocorrelation, which is UNION 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 UNION's bond expected returns. We can calculate the autocorrelation of UNION returns to help us make a trade decision. For example, suppose you find that UNION 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 |
UNION 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 UNION bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if UNION bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in UNION bond over time.
Current vs Lagged Prices |
| Timeline |
UNION Lagged Returns
When evaluating UNION's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of UNION bond have on its future price. UNION 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, UNION autocorrelation shows the relationship between UNION bond current value and its past values and can show if there is a momentum factor associated with investing in UNION ELEC 4.
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 UNION Bond
UNION financial ratios help investors to determine whether UNION 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 UNION with respect to the benefits of owning UNION security.