United Overseas Bank Stock Market Value
| UOVEY Stock | USD 45.68 0.77 1.71% |
| Symbol | United |
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.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in United Overseas on March 25, 2024 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 30 days. United Overseas is related to or competes with Allspring Global, BNY Mellon, Pioneer High, Allspring Utilities, Allspring Income, First TrustAberdeen, and Allianzgi Convertible. 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.
| Downside Deviation | 0.8351 | |||
| Information Ratio | 0.0372 | |||
| Maximum Drawdown | 5.01 | |||
| Value At Risk | (1.09) | |||
| Potential Upside | 1.72 |
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.| Risk Adjusted Performance | 0.0873 | |||
| Jensen Alpha | 0.0805 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | 0.0399 | |||
| Treynor Ratio | 0.2781 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that 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.
United Overseas Bank Backtested Returns
We consider United Overseas very steady. United Overseas Bank 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-eight technical indicators for United Overseas Bank, which you can use to evaluate the volatility of the company. Please validate United Overseas' Risk Adjusted Performance of 0.0873, semi deviation of 0.6636, and Coefficient Of Variation of 731.64 to confirm if the risk estimate we provide is consistent with the expected return of 0.14%. United Overseas has a performance score of 11 on a scale of 0 to 100. The entity has a beta of 0.4, 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 of holding United Overseas is expected to be smaller as well. United Overseas Bank right now has a risk of 0.94%. 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 | 0.18 |
Very weak predictability
United Overseas Bank has very weak predictability. Overlapping area represents the amount of predictability between United Overseas 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 United Overseas Bank price movement. The serial correlation of 0.18 indicates that over 18.0% of current United Overseas price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.18 | |
| Spearman Rank Test | -0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 0.66 |
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 has exhibited high autocorrelation historically, and you observe that the pink sheet 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 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 |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards United Overseas in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, United Overseas' short interest history, or implied volatility extrapolated from United Overseas options trading.
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 Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.
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.