Union Street Partners Fund Market Value
| USPCX Fund | USD 29.73 0.04 0.13% |
| Symbol | Union |
Union Street '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 Street's mutual fund 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 Street.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Union Street on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Union Street Partners or generate 0.0% return on investment in Union Street over 30 days. Union Street is related to or competes with Aqr Sustainable, Sterling Capital, Federated Ultrashort, Barings Active, Astor Long/short, Chartwell Short, and Angel Oak. Under normal market conditions, the fund will invest primarily in the equity securities of large capitalization U.S More
Union Street 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 Street's mutual fund 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 Street Partners upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7816 | |||
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 3.28 | |||
| Value At Risk | (1.10) | |||
| Potential Upside | 0.8576 |
Union Street Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Union Street's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Union Street's standard deviation. In reality, there are many statistical measures that can use Union Street historical prices to predict the future Union Street's volatility.| Risk Adjusted Performance | 0.0519 | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | (0.1) | |||
| Treynor Ratio | 0.0519 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Union Street's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Union Street Partners Backtested Returns
At this stage we consider Union Mutual Fund to be very steady. Union Street Partners owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.12, which indicates the fund had a 0.12% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Union Street Partners, which you can use to evaluate the volatility of the fund. Please validate Union Street's Semi Deviation of 0.7042, risk adjusted performance of 0.0519, and Coefficient Of Variation of 1447.2 to confirm if the risk estimate we provide is consistent with the expected return of 0.0765%. The entity has a beta of 0.73, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Union Street's returns are expected to increase less than the market. However, during the bear market, the loss of holding Union Street is expected to be smaller as well.
Auto-correlation | 0.77 |
Good predictability
Union Street Partners has good predictability. Overlapping area represents the amount of predictability between Union Street time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 Union Street Partners price movement. The serial correlation of 0.77 indicates that around 77.0% of current Union Street price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.77 | |
| Spearman Rank Test | 0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
Union Street Partners lagged returns against current returns
Autocorrelation, which is Union Street mutual fund'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 Street's mutual fund expected returns. We can calculate the autocorrelation of Union Street returns to help us make a trade decision. For example, suppose you find that Union Street has exhibited high autocorrelation historically, and you observe that the mutual fund 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 Street 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 Street mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Union Street mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Union Street mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Union Street Lagged Returns
When evaluating Union Street's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Union Street mutual fund have on its future price. Union Street 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 Street autocorrelation shows the relationship between Union Street mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Union Street Partners.
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 Mutual Fund
Union Street financial ratios help investors to determine whether Union Mutual Fund 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 Street security.
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