Union Street Partners Fund Market Value
| USPCX Fund | USD 27.74 0.03 0.11% |
| Symbol | Union |
Union Street '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 Union Street's mutual fund 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 Union Street.
| 03/23/2024 |
| 04/22/2024 |
If you would invest 0.00 in Union Street on March 23, 2024 and sell it all today you would earn a total of 0.00 from holding Union Street Partners or generate 0.0% return on investment in Union Street over 30 days. Union Street is related to or competes with Union Street, Invesco Floating, Fidelity 500, Cohen, Vanguard Equity, Gabelli Equity, and Fidelity Freedom. Under normal market conditions, the fund will invest primarily in the equity securities of large capitalization U.S More
Union Street 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 Union Street's mutual fund 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 Union Street Partners upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7189 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 3.79 | |||
| Value At Risk | (0.93) | |||
| Potential Upside | 1.04 |
Union Street Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Union Street's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Union Street's standard deviation. In reality, there are many statistical measures that can use Union Street historical prices to predict the future Union Street's volatility.| Risk Adjusted Performance | 0.0453 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.043 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Union Street'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.
Union Street Partners Backtested Returns
We consider Union Street very steady. Union Street Partners owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0331, which indicates the fund had a 0.0331% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Union Street Partners, which you can use to evaluate the volatility of the fund. Please validate Union Street's Semi Deviation of 0.634, coefficient of variation of 1379.75, and Risk Adjusted Performance of 0.0453 to confirm if the risk estimate we provide is consistent with the expected return of 0.0224%. The entity has a beta of 0.9, which indicates possible diversification benefits within a given portfolio. Union Street returns are very sensitive to returns on the market. As the market goes up or down, Union Street is expected to follow.
Auto-correlation | 0.33 |
Below average predictability
Union Street Partners has below average predictability. Overlapping area represents the amount of predictability between Union Street time series from 23rd of March 2024 to 7th of April 2024 and 7th of April 2024 to 22nd 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 Union Street Partners price movement. The serial correlation of 0.33 indicates that nearly 33.0% of current Union Street price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.33 | |
| Spearman Rank Test | 0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 0.25 |
Union Street Partners lagged returns against current returns
Autocorrelation, which is Union Street mutual fund'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 Union Street's mutual fund expected returns. We can calculate the autocorrelation of Union Street returns to help us make a trade decision. For example, suppose you find that Union Street has exhibited high autocorrelation historically, and you observe that the mutual fund 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 |
Union Street 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 Union Street mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Union Street mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Union Street mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Union Street Lagged Returns
When evaluating Union Street's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Union Street mutual fund have on its future price. Union Street 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, Union Street autocorrelation shows the relationship between Union Street mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Union Street Partners.
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 Union Street 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, Union Street's short interest history, or implied volatility extrapolated from Union Street 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 Union Street Correlation, Union Street Volatility and Union Street Alpha and Beta module to complement your research on Union Street. Note that the Union Street Partners information on this page should be used as a complementary analysis to other Union Street's 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 Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
Union Street technical mutual fund 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, fund market cycles, or different charting patterns.