PT United (Germany) Market Value
| UTY Stock | EUR 1.51 0.03 1.95% |
| Symbol | UTY |
PT 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 PT United's stock 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 PT United.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in PT United on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding PT United Tractors or generate 0.0% return on investment in PT United over 720 days. PT United is related to or competes with Komatsu, CNH Industrial, KUBOTA CORP, AGCO, Hitachi Construction, and Terex. PT United Tractors Tbk, together with its subsidiaries, sells and rents heavy equipment in Indonesia More
PT 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 PT United's stock 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 PT United Tractors upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.61 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 20.55 | |||
| Value At Risk | (9.38) | |||
| Potential Upside | 7.86 |
PT United Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PT United's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PT United's standard deviation. In reality, there are many statistical measures that can use PT United historical prices to predict the future PT United's volatility.| Risk Adjusted Performance | 0.0271 | |||
| Jensen Alpha | 0.0857 | |||
| Total Risk Alpha | (0.58) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 2.5 |
PT United Tractors Backtested Returns
At this point, PT United is dangerous. PT United Tractors retains Efficiency (Sharpe Ratio) of 0.0174, which implies the firm had a 0.0174% return per unit of price deviation over the last 3 months. We have found twenty-nine technical indicators for PT United, which you can use to evaluate the volatility of the company. Please check PT United's market risk adjusted performance of 2.51, and Standard Deviation of 4.03 to confirm if the risk estimate we provide is consistent with the expected return of 0.0702%. PT United has a performance score of 1 on a scale of 0 to 100. The company owns a Beta (Systematic Risk) of 0.0361, which implies not very significant fluctuations relative to the market. As returns on the market increase, PT United's returns are expected to increase less than the market. However, during the bear market, the loss of holding PT United is expected to be smaller as well. PT United Tractors at this moment owns a risk of 4.04%. Please check PT United Tractors mean deviation, standard deviation, treynor ratio, as well as the relationship between the downside deviation and total risk alpha , to decide if PT United Tractors will be following its current price history.
Auto-correlation | -0.28 |
Weak reverse predictability
PT United Tractors has weak reverse predictability. Overlapping area represents the amount of predictability between PT United time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd 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 PT United Tractors price movement. The serial correlation of -0.28 indicates that nearly 28.0% of current PT United price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.28 | |
| Spearman Rank Test | -0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
PT United Tractors lagged returns against current returns
Autocorrelation, which is PT United stock'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 PT United's stock expected returns. We can calculate the autocorrelation of PT United returns to help us make a trade decision. For example, suppose you find that PT United has exhibited high autocorrelation historically, and you observe that the stock 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 |
PT 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 PT United stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PT United stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PT United stock over time.
Current vs Lagged Prices |
| Timeline |
PT United Lagged Returns
When evaluating PT United's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PT United stock have on its future price. PT 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, PT United autocorrelation shows the relationship between PT United stock current value and its past values and can show if there is a momentum factor associated with investing in PT United Tractors.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in UTY Stock
PT United financial ratios help investors to determine whether UTY Stock 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 UTY with respect to the benefits of owning PT United security.