Unico American Stock Market Value
| UNAM Stock | USD 0.02 0.00 0.00% |
| Symbol | Unico |
Unico American '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 Unico American'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 Unico American.
| 04/03/2024 |
| 05/03/2024 |
If you would invest 0.00 in Unico American on April 3, 2024 and sell it all today you would earn a total of 0.00 from holding Unico American or generate 0.0% return on investment in Unico American over 30 days. Unico American is related to or competes with Pimco New, Pimco New, GAMCO Natural, Nuveen Pennsylvania, AllianzGI Convertible, and Invesco High. Unico American Corporation, an insurance holding company, underwrites property and casualty insurance in Arizona, Califo... More
Unico American 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 Unico American'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 Unico American upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1546 | |||
| Maximum Drawdown | 357.58 | |||
| Potential Upside | 32.45 |
Unico American Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Unico American's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Unico American's standard deviation. In reality, there are many statistical measures that can use Unico American historical prices to predict the future Unico American's volatility.| Risk Adjusted Performance | 0.1099 | |||
| Jensen Alpha | 8.91 | |||
| Total Risk Alpha | 5.0 | |||
| Treynor Ratio | 1.94 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Unico American'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.
Unico American Backtested Returns
Unico American is out of control given 3 months investment horizon. Unico American owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.14, which indicates the firm had a 0.14% return per unit of risk over the last 3 months. We were able to analyze eighteen different technical indicators, which can help you to evaluate if expected returns of 7.44% are justified by taking the suggested risk. Use Unico American Variance of 3445.83, coefficient of variation of 643.02, and Risk Adjusted Performance of 0.1099 to evaluate company specific risk that cannot be diversified away. Unico American holds a performance score of 10 on a scale of zero to a hundred. The entity has a beta of 4.7, 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, Unico American will likely underperform. Use Unico American variance, skewness, as well as the relationship between the Skewness and relative strength index , to analyze future returns on Unico American.
Auto-correlation | 0.21 |
Weak predictability
Unico American has weak predictability. Overlapping area represents the amount of predictability between Unico American time series from 3rd of April 2024 to 18th of April 2024 and 18th of April 2024 to 3rd of May 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 Unico American price movement. The serial correlation of 0.21 indicates that over 21.0% of current Unico American price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.21 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Unico American lagged returns against current returns
Autocorrelation, which is Unico American 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 Unico American's pink sheet expected returns. We can calculate the autocorrelation of Unico American returns to help us make a trade decision. For example, suppose you find that Unico American 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 |
Unico American 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 Unico American pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Unico American pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Unico American pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Unico American Lagged Returns
When evaluating Unico American's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Unico American pink sheet have on its future price. Unico American 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, Unico American autocorrelation shows the relationship between Unico American pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Unico American.
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.Check out Unico American Correlation, Unico American Volatility and Unico American Alpha and Beta module to complement your research on Unico American. Note that the Unico American information on this page should be used as a complementary analysis to other Unico American'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 Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.
Complementary Tools for Unico Pink Sheet analysis
When running Unico American's price analysis, check to measure Unico American'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 Unico American is operating at the current time. Most of Unico American's value examination focuses on studying past and present price action to predict the probability of Unico American's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Unico American's price. Additionally, you may evaluate how the addition of Unico American to your portfolios can decrease your overall portfolio volatility.
| Sign In To Macroaxis Sign in to explore Macroaxis' wealth optimization platform and fintech modules | |
| Investing Opportunities Build portfolios using our predefined set of ideas and optimize them against your investing preferences | |
| Portfolio Manager State of the art Portfolio Manager to monitor and improve performance of your invested capital | |
| Technical Analysis Check basic technical indicators and analysis based on most latest market data | |
| Share Portfolio Track or share privately all of your investments from the convenience of any device | |
| FinTech Suite Use AI to screen and filter profitable investment opportunities | |
| Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators | |
| Sync Your Broker Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors. | |
| Fundamental Analysis View fundamental data based on most recent published financial statements | |
| Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing | |
| Money Managers Screen money managers from public funds and ETFs managed around the world |
Unico American 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.