Unity Bancorp Stock Probability of Future Stock Price Finishing Over 22.75
| UNTY Stock | USD 27.51 0.60 2.23% |
Unity |
Unity Bancorp Target Price Odds to finish over 22.75
The tendency of Unity Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to stay above $ 22.75 in 90 days |
| 27.51 | 90 days | 22.75 | close to 99 |
Based on a normal probability distribution, the odds of Unity Bancorp to stay above $ 22.75 in 90 days from now is close to 99 (This Unity Bancorp probability density function shows the probability of Unity Stock to fall within a particular range of prices over 90 days) . Probability of Unity Bancorp price to stay between $ 22.75 and its current price of $27.51 at the end of the 90-day period is about 52.66 .
Given the investment horizon of 90 days the stock has the beta coefficient of 1.67 . This usually implies as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Unity Bancorp will likely underperform. Additionally Unity Bancorp has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite. Unity Bancorp Price Density |
| Price |
Predictive Modules for Unity Bancorp
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Unity Bancorp. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Unity Bancorp'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.
Unity Bancorp Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Unity Bancorp is not an exception. The market had few large corrections towards the Unity Bancorp's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Unity Bancorp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Unity Bancorp within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | -0.16 | |
β | Beta against NYSE Composite | 1.67 | |
σ | Overall volatility | 1.04 | |
Ir | Information ratio | -0.04 |
Unity Bancorp Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Unity Bancorp for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Unity Bancorp can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Unity Bancorp generated a negative expected return over the last 90 days | |
| Unity Bancorp is unlikely to experience financial distress in the next 2 years | |
| About 29.0% of the company outstanding shares are owned by insiders | |
| Latest headline from simplywall.st: Unity Bancorp First Quarter 2024 Earnings EPS Beats Expectations |
Unity Bancorp Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Unity Stock often depends not only on the future outlook of the current and potential Unity Bancorp's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Unity Bancorp's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 10.3 M | |
| Cash And Short Term Investments | -20.7 M |
Unity Bancorp Technical Analysis
Unity Bancorp's future price can be derived by breaking down and analyzing its technical indicators over time. Unity Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Unity Bancorp. In general, you should focus on analyzing Unity Stock price patterns and their correlations with different microeconomic environments and drivers.
Unity Bancorp Predictive Forecast Models
Unity Bancorp's time-series forecasting models is one of many Unity Bancorp's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Unity Bancorp's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Unity Bancorp
Checking the ongoing alerts about Unity Bancorp for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Unity Bancorp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Unity Bancorp generated a negative expected return over the last 90 days | |
| Unity Bancorp is unlikely to experience financial distress in the next 2 years | |
| About 29.0% of the company outstanding shares are owned by insiders | |
| Latest headline from simplywall.st: Unity Bancorp First Quarter 2024 Earnings EPS Beats Expectations |
Check out Unity Bancorp Backtesting, Unity Bancorp Valuation, Unity Bancorp Correlation, Unity Bancorp Hype Analysis, Unity Bancorp Volatility, Unity Bancorp History as well as Unity Bancorp Performance. For more information on how to buy Unity Stock please use our How to Invest in Unity Bancorp guide.You can also try the Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.
Complementary Tools for Unity Stock analysis
When running Unity Bancorp's price analysis, check to measure Unity Bancorp'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 Unity Bancorp is operating at the current time. Most of Unity Bancorp's value examination focuses on studying past and present price action to predict the probability of Unity Bancorp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Unity Bancorp's price. Additionally, you may evaluate how the addition of Unity Bancorp to your portfolios can decrease your overall portfolio volatility.
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Is Unity Bancorp'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 Unity Bancorp. If investors know Unity 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 Unity Bancorp 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 (0.03) | Dividend Share 0.49 | Earnings Share 3.84 | Revenue Per Share 9.864 | Quarterly Revenue Growth (0.01) |
The market value of Unity Bancorp is measured differently than its book value, which is the value of Unity that is recorded on the company's balance sheet. Investors also form their own opinion of Unity Bancorp's value that differs from its market value or its book value, called intrinsic value, which is Unity Bancorp'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 Unity Bancorp's market value can be influenced by many factors that don't directly affect Unity Bancorp'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 Unity Bancorp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Unity Bancorp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Unity Bancorp'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.