Ucb Sa Stock Market Value
UCBJF Stock | USD 119.90 2.87 2.45% |
Symbol | UCB |
UCB SA '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 UCB SA's 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 UCB SA.
02/27/2024 |
| 03/28/2024 |
If you would invest 0.00 in UCB SA on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding UCB SA or generate 0.0% return on investment in UCB SA over 30 days. UCB SA is related to or competes with Novo Nordisk, Vertex Pharmaceuticals, Regeneron Pharmaceuticals, Moderna, and Kroger. UCB SA, a biopharmaceutical company, develops products and solutions for people with neurology and immunology diseases More
UCB SA 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 UCB SA's 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 UCB SA upside and downside potential and time the market with a certain degree of confidence.
Information Ratio | 0.2056 | |||
Maximum Drawdown | 16.5 | |||
Potential Upside | 5.89 |
UCB SA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for UCB SA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as UCB SA's standard deviation. In reality, there are many statistical measures that can use UCB SA historical prices to predict the future UCB SA's volatility.Risk Adjusted Performance | 0.1531 | |||
Jensen Alpha | 0.6166 | |||
Total Risk Alpha | 0.0811 | |||
Treynor Ratio | (55.93) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of UCB SA'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.
UCB SA Backtested Returns
UCB SA appears to be very steady, given 3 months investment horizon. UCB SA retains Efficiency (Sharpe Ratio) of 0.24, which indicates the company had a 0.24% return per unit of volatility over the last 3 months. By evaluating UCB SA's technical indicators, you can evaluate if the expected return of 0.55% is justified by implied risk. Please review UCB SA's Market Risk Adjusted Performance of (55.92), information ratio of 0.2056, and Mean Deviation of 1.16 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, UCB SA holds a performance score of 18. The firm owns a Beta (Systematic Risk) of -0.011, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning UCB SA are expected to decrease at a much lower rate. During the bear market, UCB SA is likely to outperform the market. Please check UCB SA's information ratio, kurtosis, market facilitation index, as well as the relationship between the treynor ratio and rate of daily change , to make a quick decision on whether UCB SA's current price history will revert.
Auto-correlation | -0.23 |
Weak reverse predictability
UCB SA has weak reverse predictability. Overlapping area represents the amount of predictability between UCB SA time series from 27th of February 2024 to 13th of March 2024 and 13th of March 2024 to 28th of March 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 UCB SA price movement. The serial correlation of -0.23 indicates that over 23.0% of current UCB SA price fluctuation can be explain by its past prices.
Correlation Coefficient | -0.23 | |
Spearman Rank Test | 0.26 | |
Residual Average | 0.0 | |
Price Variance | 1.36 |
UCB SA lagged returns against current returns
Autocorrelation, which is UCB SA 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 UCB SA's pink sheet expected returns. We can calculate the autocorrelation of UCB SA returns to help us make a trade decision. For example, suppose you find that UCB SA 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 |
UCB SA 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 UCB SA pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if UCB SA pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in UCB SA pink sheet over time.
Current vs Lagged Prices |
Timeline |
UCB SA Lagged Returns
When evaluating UCB SA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of UCB SA pink sheet have on its future price. UCB SA 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, UCB SA autocorrelation shows the relationship between UCB SA pink sheet current value and its past values and can show if there is a momentum factor associated with investing in UCB SA.
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 UCB SA 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, UCB SA's short interest history, or implied volatility extrapolated from UCB SA options trading.
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Check out UCB SA Correlation, UCB SA Volatility and UCB SA Alpha and Beta module to complement your research on UCB SA. You can also try the Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.
Complementary Tools for UCB Pink Sheet analysis
When running UCB SA's price analysis, check to measure UCB SA'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 UCB SA is operating at the current time. Most of UCB SA's value examination focuses on studying past and present price action to predict the probability of UCB SA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move UCB SA's price. Additionally, you may evaluate how the addition of UCB SA to your portfolios can decrease your overall portfolio volatility.
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UCB SA 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.