Unity Software Stock Performance

U Stock  USD 31.02  0.19  0.62%   
Unity Software has a performance score of 3 on a scale of 0 to 100. The entity has a beta of 3.71, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Unity Software will likely underperform. By inspecting Unity Software technical indicators, you can presently evaluate if the expected return of 0.19% will be sustainable into the future. Unity Software right now has a risk of 3.71%. Please validate Unity Software downside variance, daily balance of power, and the relationship between the maximum drawdown and skewness to decide if Unity Software will be following its existing price patterns.

Risk-Adjusted Performance

3 of 100

 
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Compared to the overall equity markets, risk-adjusted returns on investments in Unity Software are ranked lower than 3 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively fragile basic indicators, Unity Software may actually be approaching a critical reversion point that can send shares even higher in March 2024. ...more
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Begin Period Cash Flow1.3 B
  

Unity Software Relative Risk vs. Return Landscape

If you would invest  2,885  in Unity Software on November 24, 2023 and sell it today you would earn a total of  225.05  from holding Unity Software or generate 7.8% return on investment over 90 days. Unity Software is generating 0.1904% of daily returns and assumes 3.7064% volatility on return distribution over the 90 days horizon. Put is differently, 32% of stocks are less volatile than Unity, and over 97% of all traded equities are expected to make higher returns on investment over the next 90 days.
  Expected Return   
       Risk  
Taking into account the 90-day investment horizon Unity Software is expected to generate 5.67 times more return on investment than the market. However, the company is 5.67 times more volatile than its market benchmark. It trades about 0.05 of its potential returns per unit of risk. The NYSE Composite is currently generating roughly 0.24 per unit of risk.

Unity Software Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Unity Software's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Unity Software, and traders can use it to determine the average amount a Unity Software's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.

Sharpe Ratio = 0.0514

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Estimated Market Risk

 3.71
  actual daily
32
68% of assets are more volatile

Expected Return

 0.19
  actual daily
3
97% of assets have higher returns

Risk-Adjusted Return

 0.05
  actual daily
3
97% of assets perform better
Based on monthly moving average Unity Software is performing at about 3% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Unity Software by adding it to a well-diversified portfolio.

Unity Software Fundamentals Growth

Unity Stock prices reflect investors' perceptions of the future prospects and financial health of Unity Software, and Unity Software fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Unity Stock performance.

About Unity Software Performance

To evaluate Unity Software Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Unity Software generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Unity Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Unity Software market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Unity's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2024
Effect of Exchange Rate Changes on Cash2.2 M2.4 M
Return on Average Assets(0.19)(0.21)
Return on Average Equity(0.41)(0.44)
Return on Invested Capital(0.41)(0.44)
Return on Sales(0.57)(0.62)

Things to note about Unity Software performance evaluation

Checking the ongoing alerts about Unity Software for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Unity Software help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
Unity Software had very high historical volatility over the last 90 days
Unity Software has high likelihood to experience some financial distress in the next 2 years
The company reported the annual revenue of 2.03 B. Total Loss to common stockholders was (858.59 M) with gross profit before all taxes, overhead, and interest of 951.69 M.
About 73.0% of the company outstanding shares are owned by institutional investors
Latest headline from thelincolnianonline.com: Uranium Participation Stock Passes Above Two Hundred Day Moving Average of 0.00
Evaluating Unity Software's performance can involve analyzing a variety of financial metrics and factors. Some of the key considerations to evaluate Unity Software's stock performance include:
  • Analyzing Unity Software's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
  • Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Unity Software's stock is overvalued or undervalued compared to its peers.
  • Examining Unity Software's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
  • Evaluating Unity Software's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Unity Software's management team can help you assess the Company's leadership.
  • Pay attention to analyst opinions and ratings of Unity Software's stock. These opinions can provide insight into Unity Software's potential for growth and whether the stock is currently undervalued or overvalued.
It's essential to remember that evaluating Unity Software's stock performance is not an exact science, and many factors can impact Unity Software's stock market price. Therefore, it's also important to diversify your portfolio and not rely solely on one company or stock for your investments.
When determining whether Unity Software is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Unity Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Unity Software Stock. Highlighted below are key reports to facilitate an investment decision about Unity Software Stock:
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Unity Software. Also, note that the market value of any Company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.
For more information on how to buy Unity Stock please use our How to Invest in Unity Software guide.
You can also try the Money Managers module to screen money managers from public funds and ETFs managed around the world.

Complementary Tools for Unity Stock analysis

When running Unity Software's price analysis, check to measure Unity Software'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 Unity Software is operating at the current time. Most of Unity Software's value examination focuses on studying past and present price action to predict the probability of Unity Software's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Unity Software's price. Additionally, you may evaluate how the addition of Unity Software to your portfolios can decrease your overall portfolio volatility.
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Is Unity Software'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 Unity Software. If investors know Unity 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 Unity Software listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(2.33)
Revenue Per Share
5.409
Quarterly Revenue Growth
0.685
Return On Assets
(0.08)
Return On Equity
(0.30)
The market value of Unity Software is measured differently than its book value, which is the value of Unity that is recorded on the company's balance sheet. Investors also form their own opinion of Unity Software's value that differs from its market value or its book value, called intrinsic value, which is Unity Software'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 Unity Software's market value can be influenced by many factors that don't directly affect Unity Software'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 Unity Software's value and its price as these two are different measures arrived at by different means. Investors typically determine if Unity Software is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Unity Software'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.