Unified Series Trust Etf Market Value
| OALC Etf | USD 26.27 0.03 0.11% |
| Symbol | Unified |
The market value of Unified Series Trust is measured differently than its book value, which is the value of Unified that is recorded on the company's balance sheet. Investors also form their own opinion of Unified Series' value that differs from its market value or its book value, called intrinsic value, which is Unified Series' 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 Unified Series' market value can be influenced by many factors that don't directly affect Unified Series' 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 Unified Series' value and its price as these two are different measures arrived at by different means. Investors typically determine if Unified Series is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Unified Series' 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.
Unified Series '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 Unified Series' etf 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 Unified Series.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Unified Series on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding Unified Series Trust or generate 0.0% return on investment in Unified Series over 30 days. Unified Series is related to or competes with SPDR MSCI, SPDR MSCI, SPDR Russell, and SPDR Russell. The Adviser seeks to achieve the funds investment objective by applying the advisers proprietary OneAscent Navigator pro... More
Unified Series 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 Unified Series' etf 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 Unified Series Trust upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.794 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 3.84 | |||
| Value At Risk | (1.33) | |||
| Potential Upside | 1.13 |
Unified Series Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Unified Series' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Unified Series' standard deviation. In reality, there are many statistical measures that can use Unified Series historical prices to predict the future Unified Series' volatility.| Risk Adjusted Performance | 0.0359 | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | 0.0323 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Unified Series' 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.
Unified Series Trust Backtested Returns
We consider Unified Series very steady. Unified Series Trust owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0411, which indicates the etf had a 0.0411% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Unified Series Trust, which you can use to evaluate the volatility of the etf. Please validate Unified Series' Semi Deviation of 0.7398, risk adjusted performance of 0.0359, and Coefficient Of Variation of 1856.13 to confirm if the risk estimate we provide is consistent with the expected return of 0.0338%. The entity has a beta of 1.04, which indicates a somewhat significant risk relative to the market. Unified Series returns are very sensitive to returns on the market. As the market goes up or down, Unified Series is expected to follow.
Auto-correlation | 0.62 |
Good predictability
Unified Series Trust has good predictability. Overlapping area represents the amount of predictability between Unified Series 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 Unified Series Trust price movement. The serial correlation of 0.62 indicates that roughly 62.0% of current Unified Series price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.62 | |
| Spearman Rank Test | 0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 0.17 |
Unified Series Trust lagged returns against current returns
Autocorrelation, which is Unified Series etf'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 Unified Series' etf expected returns. We can calculate the autocorrelation of Unified Series returns to help us make a trade decision. For example, suppose you find that Unified Series has exhibited high autocorrelation historically, and you observe that the etf 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 |
Unified Series 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 Unified Series etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Unified Series etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Unified Series etf over time.
Current vs Lagged Prices |
| Timeline |
Unified Series Lagged Returns
When evaluating Unified Series' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Unified Series etf have on its future price. Unified Series 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, Unified Series autocorrelation shows the relationship between Unified Series etf current value and its past values and can show if there is a momentum factor associated with investing in Unified Series Trust.
Regressed Prices |
| Timeline |
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Unified Series technical etf 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, etf market cycles, or different charting patterns.