Unifirst Stock Market Value
| UNF Stock | USD 165.30 0.13 0.08% |
| Symbol | Unifirst |
Unifirst Price To Book Ratio
Is Unifirst's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Unifirst. If investors know Unifirst will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Unifirst listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.147 | Dividend Share 1.28 | Earnings Share 6.12 | Revenue Per Share 124.742 | Quarterly Revenue Growth 0.088 |
The market value of Unifirst is measured differently than its book value, which is the value of Unifirst that is recorded on the company's balance sheet. Investors also form their own opinion of Unifirst's value that differs from its market value or its book value, called intrinsic value, which is Unifirst's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Unifirst's market value can be influenced by many factors that don't directly affect Unifirst's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Unifirst's value and its price as these two are different measures arrived at by different means. Investors typically determine if Unifirst is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Unifirst's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Unifirst '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 Unifirst'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 Unifirst.
| 05/01/2023 |
| 04/25/2024 |
If you would invest 0.00 in Unifirst on May 1, 2023 and sell it all today you would earn a total of 0.00 from holding Unifirst or generate 0.0% return on investment in Unifirst over 360 days. Unifirst is related to or competes with Cass Information, First Advantage, Rentokil Initial, CBIZ, Civeo Corp, Maximus, and Network 1. UniFirst Corporation provides workplace uniforms and protective work wear clothing in the United States, Europe, and Can... More
Unifirst 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 Unifirst'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 Unifirst upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.6 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 8.03 | |||
| Value At Risk | (2.68) | |||
| Potential Upside | 2.64 |
Unifirst Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Unifirst's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Unifirst's standard deviation. In reality, there are many statistical measures that can use Unifirst historical prices to predict the future Unifirst's volatility.| Risk Adjusted Performance | 0.0102 | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.21) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 3.0E-4 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Unifirst'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.
Unifirst Backtested Returns
Unifirst owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0305, which indicates the firm had a -0.0305% return per unit of risk over the last 3 months. Unifirst exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Unifirst's Risk Adjusted Performance of 0.0102, coefficient of variation of 15040.06, and Semi Deviation of 1.57 to confirm the risk estimate we provide. The entity has a beta of 1.77, 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, Unifirst will likely underperform. Unifirst has an expected return of -0.0483%. Please make sure to validate Unifirst semi variance, and the relationship between the treynor ratio and daily balance of power , to decide if Unifirst performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.33 |
Below average predictability
Unifirst has below average predictability. Overlapping area represents the amount of predictability between Unifirst time series from 1st of May 2023 to 28th of October 2023 and 28th of October 2023 to 25th 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 Unifirst price movement. The serial correlation of 0.33 indicates that nearly 33.0% of current Unifirst price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.33 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 37.17 |
Unifirst lagged returns against current returns
Autocorrelation, which is Unifirst 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 Unifirst's stock expected returns. We can calculate the autocorrelation of Unifirst returns to help us make a trade decision. For example, suppose you find that Unifirst 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 |
Unifirst 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 Unifirst stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Unifirst stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Unifirst stock over time.
Current vs Lagged Prices |
| Timeline |
Unifirst Lagged Returns
When evaluating Unifirst's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Unifirst stock have on its future price. Unifirst 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, Unifirst autocorrelation shows the relationship between Unifirst stock current value and its past values and can show if there is a momentum factor associated with investing in Unifirst.
Regressed Prices |
| Timeline |
Unifirst Investors Sentiment
The influence of Unifirst's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Unifirst. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Unifirst's public news can be used to forecast risks associated with an investment in Unifirst. The trend in average sentiment can be used to explain how an investor holding Unifirst can time the market purely based on public headlines and social activities around Unifirst. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Unifirst's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Unifirst's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Unifirst's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Unifirst.
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 Unifirst 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, Unifirst's short interest history, or implied volatility extrapolated from Unifirst 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.When determining whether Unifirst is a strong investment it is important to analyze Unifirst's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Unifirst's future performance. For an informed investment choice regarding Unifirst Stock, refer to the following important reports:Check out Unifirst Correlation, Unifirst Volatility and Unifirst Alpha and Beta module to complement your research on Unifirst. For more detail on how to invest in Unifirst Stock please use our How to Invest in Unifirst guide.You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.
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When running Unifirst's price analysis, check to measure Unifirst'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 Unifirst is operating at the current time. Most of Unifirst's value examination focuses on studying past and present price action to predict the probability of Unifirst's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Unifirst's price. Additionally, you may evaluate how the addition of Unifirst to your portfolios can decrease your overall portfolio volatility.
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Unifirst technical stock 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, stock market cycles, or different charting patterns.