Uzd Stock Market Value
| UZD Stock | USD 19.39 0.23 1.20% |
| Symbol | UZD |
UZD Price To Book Ratio
Is UZD's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of UZD. If investors know UZD will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about UZD listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Return On Equity 3.4829 |
The market value of UZD is measured differently than its book value, which is the value of UZD that is recorded on the company's balance sheet. Investors also form their own opinion of UZD's value that differs from its market value or its book value, called intrinsic value, which is UZD's 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 UZD's market value can be influenced by many factors that don't directly affect UZD's 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 UZD's value and its price as these two are different measures arrived at by different means. Investors typically determine if UZD is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, UZD's 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.
UZD '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 UZD'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 UZD.
| 03/21/2024 |
| 04/20/2024 |
If you would invest 0.00 in UZD on March 21, 2024 and sell it all today you would earn a total of 0.00 from holding UZD or generate 0.0% return on investment in UZD over 30 days. UZD is related to or competes with United States, Office Properties, DBA Sempra, and SOJE. UZD is entity of United States. It is traded as Stock on NYSE exchange. More
UZD 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 UZD'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 UZD upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.85 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 7.41 | |||
| Value At Risk | (2.42) | |||
| Potential Upside | 1.96 |
UZD Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for UZD's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as UZD's standard deviation. In reality, there are many statistical measures that can use UZD historical prices to predict the future UZD's volatility.| Risk Adjusted Performance | 0.0069 | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.19) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | (0.01) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of UZD'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.
UZD Backtested Returns
UZD owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0045, which indicates the firm had a -0.0045% return per unit of volatility over the last 3 months. UZD exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate UZD's coefficient of variation of 61051.8, and Risk Adjusted Performance of 0.0069 to confirm the risk estimate we provide. The entity has a beta of 0.88, which indicates possible diversification benefits within a given portfolio. UZD returns are very sensitive to returns on the market. As the market goes up or down, UZD is expected to follow. UZD has an expected return of -0.0067%. Please make sure to validate UZD potential upside, and the relationship between the total risk alpha and kurtosis , to decide if UZD performance from the past will be repeated at some future point.
Auto-correlation | 0.56 |
Modest predictability
UZD has modest predictability. Overlapping area represents the amount of predictability between UZD time series from 21st of March 2024 to 5th of April 2024 and 5th of April 2024 to 20th 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 UZD price movement. The serial correlation of 0.56 indicates that roughly 56.0% of current UZD price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.56 | |
| Spearman Rank Test | 0.87 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
UZD lagged returns against current returns
Autocorrelation, which is UZD 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 UZD's stock expected returns. We can calculate the autocorrelation of UZD returns to help us make a trade decision. For example, suppose you find that UZD 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 |
UZD 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 UZD stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if UZD stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in UZD stock over time.
Current vs Lagged Prices |
| Timeline |
UZD Lagged Returns
When evaluating UZD's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of UZD stock have on its future price. UZD 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, UZD autocorrelation shows the relationship between UZD stock current value and its past values and can show if there is a momentum factor associated with investing in UZD.
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.When determining whether UZD is a strong investment it is important to analyze UZD's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact UZD's future performance. For an informed investment choice regarding UZD Stock, refer to the following important reports:Check out UZD Correlation, UZD Volatility and UZD Alpha and Beta module to complement your research on UZD. For information on how to trade UZD Stock refer to our How to Trade UZD Stock guide.Note that the UZD information on this page should be used as a complementary analysis to other UZD'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 Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.
Complementary Tools for UZD Stock analysis
When running UZD's price analysis, check to measure UZD'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 UZD is operating at the current time. Most of UZD's value examination focuses on studying past and present price action to predict the probability of UZD's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move UZD's price. Additionally, you may evaluate how the addition of UZD to your portfolios can decrease your overall portfolio volatility.
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UZD 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.