Unitronix Stock Market Value
| UTRX Stock | USD 0.14 0.01 6.67% |
| Symbol | Unitronix |
Unitronix '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 Unitronix's pink sheet 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 Unitronix.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Unitronix on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Unitronix or generate 0.0% return on investment in Unitronix over 30 days. Unitronix is related to or competes with Boxlight Corp, Siyata Mobile, ClearOne, HUMANA, Barloworld, Morningstar Unconstrained, and High-yield Municipal. Unitronix Corporation, a software development and services company, provides knowledge based tools to the mineral explor... More
Unitronix 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 Unitronix's pink sheet 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 Unitronix upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 14.05 | |||
| Information Ratio | 0.1467 | |||
| Maximum Drawdown | 105.71 | |||
| Value At Risk | (16.88) | |||
| Potential Upside | 33.33 |
Unitronix Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Unitronix's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Unitronix's standard deviation. In reality, there are many statistical measures that can use Unitronix historical prices to predict the future Unitronix's volatility.| Risk Adjusted Performance | 0.126 | |||
| Jensen Alpha | 2.36 | |||
| Total Risk Alpha | 0.3959 | |||
| Sortino Ratio | 0.1903 | |||
| Treynor Ratio | 0.6706 |
Unitronix Backtested Returns
Unitronix is out of control given 3 months investment horizon. Unitronix owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.19, which indicates the firm had a 0.19% return per unit of risk over the last 3 months. We were able to interpolate data for twenty-eight different technical indicators, which can help you to evaluate if expected returns of 3.5% are justified by taking the suggested risk. Use Unitronix Coefficient Of Variation of 654.95, semi deviation of 9.12, and Risk Adjusted Performance of 0.126 to evaluate company specific risk that cannot be diversified away. Unitronix holds a performance score of 15 on a scale of zero to a hundred. The entity has a beta of 4.14, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Unitronix will likely underperform. Use Unitronix downside variance, rate of daily change, and the relationship between the maximum drawdown and skewness , to analyze future returns on Unitronix.
Auto-correlation | 0.04 |
Virtually no predictability
Unitronix has virtually no predictability. Overlapping area represents the amount of predictability between Unitronix 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 Unitronix price movement. The serial correlation of 0.04 indicates that only as little as 4.0% of current Unitronix price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.04 | |
| Spearman Rank Test | 0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Unitronix lagged returns against current returns
Autocorrelation, which is Unitronix pink sheet'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 Unitronix's pink sheet expected returns. We can calculate the autocorrelation of Unitronix returns to help us make a trade decision. For example, suppose you find that Unitronix has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Unitronix 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 Unitronix pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Unitronix pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Unitronix pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Unitronix Lagged Returns
When evaluating Unitronix's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Unitronix pink sheet have on its future price. Unitronix 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, Unitronix autocorrelation shows the relationship between Unitronix pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Unitronix.
Regressed Prices |
| Timeline |
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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.Additional Tools for Unitronix Pink Sheet Analysis
When running Unitronix's price analysis, check to measure Unitronix'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 Unitronix is operating at the current time. Most of Unitronix's value examination focuses on studying past and present price action to predict the probability of Unitronix's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Unitronix's price. Additionally, you may evaluate how the addition of Unitronix to your portfolios can decrease your overall portfolio volatility.