Unum Group Stock Market Value
| UNM Stock | USD 51.97 0.18 0.35% |
| Symbol | Unum |
Unum Group Price To Book Ratio
Is Unum'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 Unum. If investors know Unum 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 Unum 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 0.177 | Dividend Share 1.39 | Earnings Share 6.5 | Revenue Per Share 62.981 | Quarterly Revenue Growth 0.047 |
The market value of Unum Group is measured differently than its book value, which is the value of Unum that is recorded on the company's balance sheet. Investors also form their own opinion of Unum's value that differs from its market value or its book value, called intrinsic value, which is Unum'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 Unum's market value can be influenced by many factors that don't directly affect Unum'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 Unum's value and its price as these two are different measures arrived at by different means. Investors typically determine if Unum is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Unum'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.
Unum '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 Unum'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 Unum.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Unum on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding Unum Group or generate 0.0% return on investment in Unum over 30 days. Unum is related to or competes with Prudential Financial, MetLife, Jackson Financial, Manulife Financial, Lincoln National, Aflac Incorporated, and Brighthouse Financial. Unum Group, together with its subsidiaries, provides financial protection benefit solutions primarily in the United Stat... More
Unum 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 Unum'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 Unum Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.27 | |||
| Information Ratio | 0.0986 | |||
| Maximum Drawdown | 5.0 | |||
| Value At Risk | (1.66) | |||
| Potential Upside | 1.56 |
Unum Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Unum's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Unum's standard deviation. In reality, there are many statistical measures that can use Unum historical prices to predict the future Unum's volatility.| Risk Adjusted Performance | 0.1244 | |||
| Jensen Alpha | 0.162 | |||
| Total Risk Alpha | 0.0469 | |||
| Sortino Ratio | 0.0779 | |||
| Treynor Ratio | 0.7019 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Unum'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.
Unum Group Backtested Returns
We consider Unum very steady. Unum Group owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.15, which indicates the firm had a 0.15% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Unum Group, which you can use to evaluate the volatility of the company. Please validate Unum's Semi Deviation of 0.957, coefficient of variation of 516.85, and Risk Adjusted Performance of 0.1244 to confirm if the risk estimate we provide is consistent with the expected return of 0.16%. Unum has a performance score of 12 on a scale of 0 to 100. The entity has a beta of 0.26, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Unum's returns are expected to increase less than the market. However, during the bear market, the loss of holding Unum is expected to be smaller as well. Unum Group right now has a risk of 1.01%. Please validate Unum semi variance, as well as the relationship between the daily balance of power and period momentum indicator , to decide if Unum will be following its existing price patterns.
Auto-correlation | -0.72 |
Almost perfect reverse predictability
Unum Group has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Unum time series from 25th of March 2024 to 9th of April 2024 and 9th of April 2024 to 24th 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 Unum Group price movement. The serial correlation of -0.72 indicates that around 72.0% of current Unum price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.72 | |
| Spearman Rank Test | 0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 0.44 |
Unum Group lagged returns against current returns
Autocorrelation, which is Unum 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 Unum's stock expected returns. We can calculate the autocorrelation of Unum returns to help us make a trade decision. For example, suppose you find that Unum 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 |
Unum 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 Unum stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Unum stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Unum stock over time.
Current vs Lagged Prices |
| Timeline |
Unum Lagged Returns
When evaluating Unum's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Unum stock have on its future price. Unum 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, Unum autocorrelation shows the relationship between Unum stock current value and its past values and can show if there is a momentum factor associated with investing in Unum Group.
Regressed Prices |
| Timeline |
Unum Investors Sentiment
The influence of Unum'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 Unum. 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 Unum's public news can be used to forecast risks associated with an investment in Unum. The trend in average sentiment can be used to explain how an investor holding Unum can time the market purely based on public headlines and social activities around Unum Group. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Unum'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 Unum'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 Unum's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Unum.
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 Unum 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, Unum's short interest history, or implied volatility extrapolated from Unum 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 Unum Group offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Unum's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Unum Group Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Unum Group Stock:Check out Unum Correlation, Unum Volatility and Unum Alpha and Beta module to complement your research on Unum. You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
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When running Unum's price analysis, check to measure Unum'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 Unum is operating at the current time. Most of Unum's value examination focuses on studying past and present price action to predict the probability of Unum's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Unum's price. Additionally, you may evaluate how the addition of Unum to your portfolios can decrease your overall portfolio volatility.
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Unum 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.