United Community Preferred Stock Forecast - Accumulation Distribution
| UCBIO Preferred Stock | USD 24.34 0.01 0.04% |
United Preferred Stock Forecast is based on your current time horizon.
United |
| Previous Accumulation Distribution | Accumulation Distribution | Trend |
| 72.27 | 234.17 |
| Check United Community Volatility | Backtest United Community | Trend Details |
United Community Trading Date Momentum
| On September 23 2024 United Community Banks was traded for 24.57 at the closing time. The highest daily price throughout the period was 24.57 and the lowest price was 24.30 . The daily volume was 8.9 K. The net trading volume on 09/23/2024 added to the next day price boost. The trading price change to closing price of the next trading day was 1.49% . The trading price change to current closing price is 1.65% . |
Accumulation distribution indicator can signal that a trend is either nearing completion, at a continuation, or is about to break-outs. The actual value of this indicator is of no significance. What is significant is the change in value of over time. The formula for A/D of a given trading day can be expressed as follow: ((Close - Low) - (High - Close)) / (High - Low) X Volume
Compare United Community to competition
United Community Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with United Community preferred stock to make a market-neutral strategy. Peer analysis of United Community could also be used in its relative valuation, which is a method of valuing United Community by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
United Community Market Strength Events
Market strength indicators help investors to evaluate how United Community preferred stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading United Community shares will generate the highest return on investment. By undertsting and applying United Community preferred stock market strength indicators, traders can identify United Community Banks entry and exit signals to maximize returns.
United Community Risk Indicators
The analysis of United Community's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in United Community's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting united preferred stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 0.5775 | |||
| Semi Deviation | 0.5965 | |||
| Standard Deviation | 0.7587 | |||
| Variance | 0.5757 | |||
| Downside Variance | 0.5262 | |||
| Semi Variance | 0.3558 | |||
| Expected Short fall | (0.66) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Pair Trading with United Community
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if United Community position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in United Community will appreciate offsetting losses from the drop in the long position's value.Moving together with United Preferred Stock
Moving against United Preferred Stock
| 0.57 | RMGCU | RMG Acquisition Corp | PairCorr |
| 0.54 | PME | Pingtan Marine Enterprise | PairCorr |
| 0.52 | BBAS3 | Banco do Brasil | PairCorr |
| 0.39 | MAYS | MAYS J W | PairCorr |
The ability to find closely correlated positions to United Community could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace United Community when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back United Community - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling United Community Banks to buy it.
The correlation of United Community is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as United Community moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if United Community Banks moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for United Community can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in United Preferred Stock
United Community financial ratios help investors to determine whether United Preferred Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in United with respect to the benefits of owning United Community security.