United Energy Group Stock Market Value
| UNEGF Stock | USD 0.07 0.01 10.84% |
| Symbol | United |
United Energy '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 Energy'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 United Energy.
| 03/19/2024 |
| 04/18/2024 |
If you would invest 0.00 in United Energy on March 19, 2024 and sell it all today you would earn a total of 0.00 from holding United Energy Group or generate 0.0% return on investment in United Energy over 30 days. United Energy is related to or competes with Devon Energy, ConocoPhillips, Pioneer Natural, Marathon Oil, and Diamondback Energy. United Energy Group Limited, an investment holding company, engages in the investment and operation of upstream oil, nat... More
United Energy 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 Energy'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 United Energy Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 42.59 |
United Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for United Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as United Energy's standard deviation. In reality, there are many statistical measures that can use United Energy historical prices to predict the future United Energy's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.36) | |||
| Total Risk Alpha | (0.70) | |||
| Treynor Ratio | (0.19) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of United Energy'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.
United Energy Group Backtested Returns
United Energy Group owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0488, which indicates the firm had a -0.0488% return per unit of risk over the last 3 months. United Energy Group exposes twenty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate United Energy's Coefficient Of Variation of (2,048), variance of 32.49, and Risk Adjusted Performance of (0.02) to confirm the risk estimate we provide. The entity has a beta of 1.5, 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, United Energy will likely underperform. United Energy Group has an expected return of -0.28%. Please make sure to validate United Energy total risk alpha and the relationship between the daily balance of power and relative strength index , to decide if United Energy Group performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.83 |
Excellent reverse predictability
United Energy Group has excellent reverse predictability. Overlapping area represents the amount of predictability between United Energy time series from 19th of March 2024 to 3rd of April 2024 and 3rd of April 2024 to 18th of April 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 Energy Group price movement. The serial correlation of -0.83 indicates that around 83.0% of current United Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.83 | |
| Spearman Rank Test | -0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
United Energy Group lagged returns against current returns
Autocorrelation, which is United Energy 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 United Energy's pink sheet expected returns. We can calculate the autocorrelation of United Energy returns to help us make a trade decision. For example, suppose you find that United Energy 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 |
United Energy 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 Energy pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if United Energy pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in United Energy pink sheet over time.
Current vs Lagged Prices |
| Timeline |
United Energy Lagged Returns
When evaluating United Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of United Energy pink sheet have on its future price. United Energy 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 Energy autocorrelation shows the relationship between United Energy pink sheet current value and its past values and can show if there is a momentum factor associated with investing in United Energy Group.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards United Energy in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, United Energy's short interest history, or implied volatility extrapolated from United Energy options trading.
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.Check out United Energy Correlation, United Energy Volatility and United Energy Alpha and Beta module to complement your research on United Energy. Note that the United Energy Group information on this page should be used as a complementary analysis to other United Energy's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for United Pink Sheet analysis
When running United Energy's price analysis, check to measure United Energy'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 United Energy is operating at the current time. Most of United Energy's value examination focuses on studying past and present price action to predict the probability of United Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move United Energy's price. Additionally, you may evaluate how the addition of United Energy to your portfolios can decrease your overall portfolio volatility.
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United Energy technical pink sheet analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, pink sheet market cycles, or different charting patterns.