United Overseas Bank Stock Market Value

UOVEY Stock  USD 43.24  0.06  0.14%   
United Overseas' market value is the price at which a share of United Overseas stock trades on a public exchange. It measures the collective expectations of United Overseas Bank investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of United Overseas Bank and determine expected loss or profit from investing in United Overseas over a given investment horizon.
Check out United Overseas Correlation, United Overseas Volatility and United Overseas Alpha and Beta module to complement your research on United Overseas.
Symbol

Please note, there is a significant difference between United Overseas' value and its price as these two are different measures arrived at by different means. Investors typically determine if United Overseas is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, United Overseas' 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.

United Overseas '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 Overseas' 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 Overseas.
0.00
03/25/2023
No Change 0.00  0.0 
In 11 months and 26 days
03/19/2024
0.00
If you would invest  0.00  in United Overseas on March 25, 2023 and sell it all today you would earn a total of 0.00 from holding United Overseas Bank or generate 0.0% return on investment in United Overseas over 360 days. United Overseas is related to or competes with Mitsubishi UFJ, Mitsubishi UFJ, Sumitomo Mitsui, Sumitomo Mitsui, KB Financial, Mizuho Financial, and Mizuho Financial. United Overseas Bank Limited, together with its subsidiaries, provides banking products and services More

United Overseas 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 Overseas' 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 Overseas Bank upside and downside potential and time the market with a certain degree of confidence.

United Overseas Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for United Overseas' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as United Overseas' standard deviation. In reality, there are many statistical measures that can use United Overseas historical prices to predict the future United Overseas' volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of United Overseas' 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. Please use the tools below to analyze the current value of United Overseas in the context of predictive analytics.
Hype
Prediction
LowEstimatedHigh
42.5843.4644.34
Details
Intrinsic
Valuation
LowRealHigh
35.1436.0247.56
Details
Naive
Forecast
LowNextHigh
43.3844.2645.14
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
41.8242.6843.54
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as United Overseas. Your research has to be compared to or analyzed against United Overseas' peers to derive any actionable benefits. When done correctly, United Overseas' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in United Overseas Bank.

United Overseas Bank Backtested Returns

We consider United Overseas very steady. United Overseas Bank owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.11, which indicates the firm had 0.11% return per unit of risk over the last 3 months. Our standpoint towards measuring the volatility of a stock is to use all available market data together with stock-specific technical indicators that cannot be diversified away. We have found thirty technical indicators for United Overseas Bank, which you can use to evaluate the future volatility of the company. Please validate United Overseas' Semi Deviation of 0.8436, coefficient of variation of 1138.76, and Risk Adjusted Performance of 0.0585 to confirm if the risk estimate we provide is consistent with the expected return of 0.0933%. United Overseas has a performance score of 8 on a scale of 0 to 100. The entity has a beta of 0.65, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, United Overseas returns are expected to increase less than the market. However, during the bear market, the loss on holding United Overseas will be expected to be smaller as well. Our main philosophy towards measuring future performance of any stock is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. United Overseas Bank right now has a risk of 0.88%. Please validate United Overseas maximum drawdown, as well as the relationship between the skewness and day typical price to decide if United Overseas will be following its existing price patterns.

Auto-correlation

    
  0.24  

Weak predictability

United Overseas Bank has weak predictability. Overlapping area represents the amount of predictability between United Overseas time series from 25th of March 2023 to 21st of September 2023 and 21st of September 2023 to 19th of March 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 Overseas Bank price movement. The serial correlation of 0.24 indicates that over 24.0% of current United Overseas price fluctuation can be explain by its past prices.
Correlation Coefficient0.24
Spearman Rank Test0.18
Residual Average0.0
Price Variance0.95

United Overseas Bank lagged returns against current returns

Autocorrelation, which is United Overseas 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 Overseas' pink sheet expected returns. We can calculate the autocorrelation of United Overseas returns to help us make a trade decision. For example, suppose you find that United Overseas pink sheet 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 stock movement to match the lagging time series.
   Current and Lagged Values   
       Timeline  

United Overseas 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 Overseas pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if United Overseas 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 Overseas pink sheet over time.
   Current vs Lagged Prices   
       Timeline  

United Overseas Lagged Returns

When evaluating United Overseas' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of United Overseas pink sheet have on its future price. United Overseas 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 Overseas autocorrelation shows the relationship between United Overseas pink sheet current value and its past values and can show if there is a momentum factor associated with investing in United Overseas Bank.
   Regressed Prices   
       Timeline  

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 Overseas Correlation, United Overseas Volatility and United Overseas Alpha and Beta module to complement your research on United Overseas.
Note that the United Overseas Bank information on this page should be used as a complementary analysis to other United Overseas' 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 Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..

Complementary Tools for United Pink Sheet analysis

When running United Overseas' price analysis, check to measure United Overseas' 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 Overseas is operating at the current time. Most of United Overseas' value examination focuses on studying past and present price action to predict the probability of United Overseas' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move United Overseas' price. Additionally, you may evaluate how the addition of United Overseas to your portfolios can decrease your overall portfolio volatility.
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United Overseas 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.
A focus of United Overseas technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of United Overseas trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...