UNITED PARCEL SVC Market Value
| 911312AY2 | 94.78 1.16 1.21% |
| Symbol | UNITED |
UNITED '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 UNITED'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 UNITED.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in UNITED on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding UNITED PARCEL SVC or generate 0.0% return on investment in UNITED over 30 days. UNITED is related to or competes with Amkor Technology, Analog Devices, HUTCHMED DRC, Amgen, Cumberland Pharmaceuticals, Minerals Technologies, and RadNet. More
UNITED 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 UNITED'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 UNITED PARCEL SVC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.23) | |||
| Maximum Drawdown | 3.69 | |||
| Value At Risk | (0.72) | |||
| Potential Upside | 0.3541 |
UNITED Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for UNITED's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as UNITED's standard deviation. In reality, there are many statistical measures that can use UNITED historical prices to predict the future UNITED's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.13) | |||
| Treynor Ratio | 2.09 |
UNITED PARCEL SVC Backtested Returns
UNITED PARCEL SVC owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.1, which indicates the bond had a -0.1% return per unit of volatility over the last 3 months. UNITED PARCEL SVC exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate UNITED's risk adjusted performance of (0.02), and Variance of 0.4401 to confirm the risk estimate we provide. The entity has a beta of -0.0139, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning UNITED are expected to decrease at a much lower rate. During the bear market, UNITED is likely to outperform the market.
Auto-correlation | 0.10 |
Insignificant predictability
UNITED PARCEL SVC has insignificant predictability. Overlapping area represents the amount of predictability between UNITED time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 UNITED PARCEL SVC price movement. The serial correlation of 0.1 indicates that less than 10.0% of current UNITED price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.1 | |
| Spearman Rank Test | -0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 0.18 |
UNITED PARCEL SVC lagged returns against current returns
Autocorrelation, which is UNITED 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 UNITED's bond expected returns. We can calculate the autocorrelation of UNITED returns to help us make a trade decision. For example, suppose you find that UNITED 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 |
UNITED 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 UNITED bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if UNITED bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in UNITED bond over time.
Current vs Lagged Prices |
| Timeline |
UNITED Lagged Returns
When evaluating UNITED's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of UNITED bond have on its future price. UNITED 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, UNITED autocorrelation shows the relationship between UNITED bond current value and its past values and can show if there is a momentum factor associated with investing in UNITED PARCEL SVC.
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 UNITED Bond
UNITED financial ratios help investors to determine whether UNITED 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 UNITED with respect to the benefits of owning UNITED security.