Unitedhealth Group Incorporated Stock Technical Analysis
| UNH Stock | USD 493.18 14.19 2.96% |
As of the 19th of April, UnitedHealth Group has the Variance of 2.71, coefficient of variation of (2,822), and Risk Adjusted Performance of (0.02). In relation to fundamental indicators, the technical analysis model makes it possible for you to check existing technical drivers of UnitedHealth Group, as well as the relationship between them. In other words, you can use this information to find out if the company will indeed mirror its model of past prices and volume data, or the prices will eventually revert. We were able to interpolate thirteen technical drivers for UnitedHealth Group Incorporated, which can be compared to its competition. Please validate UnitedHealth Group variance and potential upside to decide if UnitedHealth Group is priced more or less accurately, providing market reflects its prevalent price of 493.18 per share. Given that UnitedHealth Group has information ratio of (0.08), we advise you to double-check UnitedHealth Group Incorporated's current market performance to make sure the company can sustain itself at a future point.
UnitedHealth Group Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as UnitedHealth, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to UnitedHealthUnitedHealth |
UnitedHealth Group Analyst Consensus
| Target Price | Advice | # of Analysts | |
| 558.19 | Strong Buy | 27 | Odds |
Most UnitedHealth analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand UnitedHealth stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of UnitedHealth Group, talking to its executives and customers, or listening to UnitedHealth conference calls.
UnitedHealth Group 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.
UnitedHealth Group Technical Analysis
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of UnitedHealth Group volatility. High ATR values indicate high volatility, and low values indicate low volatility.
UnitedHealth Group Trend Analysis
Use this graph to draw trend lines for UnitedHealth Group Incorporated. You can use it to identify possible trend reversals for UnitedHealth Group as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual UnitedHealth Group price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.UnitedHealth Group Best Fit Change Line
The following chart estimates an ordinary least squares regression model for UnitedHealth Group Incorporated applied against its price change over selected period. The best fit line has a slop of 0.93 , which may imply that the returns on investment in UnitedHealth Group Incorporated will continue to fail. It has 122 observation points and a regression sum of squares at 33013.88, which is the sum of squared deviations for the predicted UnitedHealth Group price change compared to its average price change.About UnitedHealth Group Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of UnitedHealth Group Incorporated on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of UnitedHealth Group Incorporated based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on UnitedHealth Group price pattern first instead of the macroeconomic environment surrounding UnitedHealth Group. By analyzing UnitedHealth Group's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of UnitedHealth Group's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to UnitedHealth Group specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2021 | 2022 | 2024 (projected) | Dividend Yield | 0.0112 | 0.0121 | 0.0145 | Price To Sales Ratio | 1.66 | 1.54 | 1.17 |
UnitedHealth Group April 19, 2024 Technical Indicators
Most technical analysis of UnitedHealth help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for UnitedHealth from various momentum indicators to cycle indicators. When you analyze UnitedHealth charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | (0.02) | |||
| Market Risk Adjusted Performance | (0.45) | |||
| Mean Deviation | 1.1 | |||
| Coefficient Of Variation | (2,822) | |||
| Standard Deviation | 1.65 | |||
| Variance | 2.71 | |||
| Information Ratio | (0.08) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.22) | |||
| Treynor Ratio | (0.46) | |||
| Maximum Drawdown | 9.08 | |||
| Value At Risk | (2.48) | |||
| Potential Upside | 2.15 | |||
| Skewness | (0.53) | |||
| Kurtosis | 3.91 |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in UnitedHealth Group Incorporated. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
Complementary Tools for UnitedHealth Stock analysis
When running UnitedHealth Group's price analysis, check to measure UnitedHealth Group'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 UnitedHealth Group is operating at the current time. Most of UnitedHealth Group's value examination focuses on studying past and present price action to predict the probability of UnitedHealth Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move UnitedHealth Group's price. Additionally, you may evaluate how the addition of UnitedHealth Group to your portfolios can decrease your overall portfolio volatility.
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Is UnitedHealth Group'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 UnitedHealth Group. If investors know UnitedHealth 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 UnitedHealth Group 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 0.16 | Dividend Share 7.52 | Earnings Share 23.87 | Revenue Per Share 411.257 | Quarterly Revenue Growth 0.086 |
The market value of UnitedHealth Group is measured differently than its book value, which is the value of UnitedHealth that is recorded on the company's balance sheet. Investors also form their own opinion of UnitedHealth Group's value that differs from its market value or its book value, called intrinsic value, which is UnitedHealth Group'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 UnitedHealth Group's market value can be influenced by many factors that don't directly affect UnitedHealth Group'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 UnitedHealth Group's value and its price as these two are different measures arrived at by different means. Investors typically determine if UnitedHealth Group is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, UnitedHealth Group'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.