United Insurance (Pakistan) Market Value
| UNIC Stock | 12.30 0.28 2.33% |
| Symbol | United |
United Insurance '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 Insurance'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 United Insurance.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in United Insurance on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding United Insurance or generate 0.0% return on investment in United Insurance over 30 days. United Insurance is related to or competes with Modaraba, Fauji FoodsLtd, KSB Pumps, Mari Petroleum, Loads, Thatta Cement, and KOT Addu. More
United Insurance 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 Insurance'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 United Insurance upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.66 | |||
| Information Ratio | 0.094 | |||
| Maximum Drawdown | 10.56 | |||
| Value At Risk | (2.35) | |||
| Potential Upside | 2.92 |
United Insurance Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for United Insurance's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as United Insurance's standard deviation. In reality, there are many statistical measures that can use United Insurance historical prices to predict the future United Insurance's volatility.| Risk Adjusted Performance | 0.0871 | |||
| Jensen Alpha | 0.2193 | |||
| Total Risk Alpha | 0.0571 | |||
| Sortino Ratio | 0.1079 | |||
| Treynor Ratio | 0.7616 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of United Insurance'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.
United Insurance Backtested Returns
United Insurance appears to be not too volatile, given 3 months investment horizon. United Insurance 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 United Insurance, which you can use to evaluate the volatility of the company. Please review United Insurance's Risk Adjusted Performance of 0.0871, coefficient of variation of 769.02, and Semi Deviation of 1.39 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, United Insurance holds a performance score of 11. The entity has a beta of 0.31, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, United Insurance's returns are expected to increase less than the market. However, during the bear market, the loss of holding United Insurance is expected to be smaller as well. Please check United Insurance's standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether United Insurance's existing price patterns will revert.
Auto-correlation | 0.00 |
No correlation between past and present
United Insurance has no correlation between past and present. Overlapping area represents the amount of predictability between United Insurance time series from 20th of March 2024 to 4th of April 2024 and 4th of April 2024 to 19th 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 United Insurance price movement. The serial correlation of 0.0 indicates that just 0.0% of current United Insurance price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
United Insurance lagged returns against current returns
Autocorrelation, which is United Insurance 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 United Insurance's stock expected returns. We can calculate the autocorrelation of United Insurance returns to help us make a trade decision. For example, suppose you find that United Insurance 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 |
United Insurance 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 Insurance stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if United Insurance stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in United Insurance stock over time.
Current vs Lagged Prices |
| Timeline |
United Insurance Lagged Returns
When evaluating United Insurance's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of United Insurance stock have on its future price. United Insurance 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 Insurance autocorrelation shows the relationship between United Insurance stock current value and its past values and can show if there is a momentum factor associated with investing in United Insurance.
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 Insurance Correlation, United Insurance Volatility and United Insurance Alpha and Beta module to complement your research on United Insurance. You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
Complementary Tools for United Stock analysis
When running United Insurance's price analysis, check to measure United Insurance'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 United Insurance is operating at the current time. Most of United Insurance's value examination focuses on studying past and present price action to predict the probability of United Insurance's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move United Insurance's price. Additionally, you may evaluate how the addition of United Insurance to your portfolios can decrease your overall portfolio volatility.
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United Insurance 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.