Universal Electronics Stock Market Value
| UEIC Stock | USD 9.74 0.34 3.37% |
| Symbol | Universal |
Universal Electronics Price To Book Ratio
Is Universal Electronics' 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 Universal Electronics. If investors know Universal 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 Universal Electronics listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.42) | Earnings Share (7.64) | Revenue Per Share 32.708 | Quarterly Revenue Growth (0.20) | Return On Assets (0.04) |
The market value of Universal Electronics is measured differently than its book value, which is the value of Universal that is recorded on the company's balance sheet. Investors also form their own opinion of Universal Electronics' value that differs from its market value or its book value, called intrinsic value, which is Universal Electronics' 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 Universal Electronics' market value can be influenced by many factors that don't directly affect Universal Electronics' 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 Universal Electronics' value and its price as these two are different measures arrived at by different means. Investors typically determine if Universal Electronics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Universal Electronics' 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.
Universal Electronics '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 Universal Electronics' 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 Universal Electronics.
| 03/24/2024 |
| 04/23/2024 |
If you would invest 0.00 in Universal Electronics on March 24, 2024 and sell it all today you would earn a total of 0.00 from holding Universal Electronics or generate 0.0% return on investment in Universal Electronics over 30 days. Universal Electronics is related to or competes with Brunswick, Ralph Lauren, Under Armour, Dogness International, BRP, Twin Vee, and Dixie. Universal Electronics Inc. designs, develops, manufactures, and sells pre-programmed and universal control products, aud... More
Universal Electronics 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 Universal Electronics' 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 Universal Electronics upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.85 | |||
| Information Ratio | 0.0736 | |||
| Maximum Drawdown | 16.49 | |||
| Value At Risk | (4.42) | |||
| Potential Upside | 4.95 |
Universal Electronics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Universal Electronics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Universal Electronics' standard deviation. In reality, there are many statistical measures that can use Universal Electronics historical prices to predict the future Universal Electronics' volatility.| Risk Adjusted Performance | 0.072 | |||
| Jensen Alpha | 0.2305 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | 0.0758 | |||
| Treynor Ratio | 0.3613 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Universal Electronics' 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.
Universal Electronics Backtested Returns
We consider Universal Electronics not too volatile. Universal Electronics owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0636, which indicates the firm had a 0.0636% return per unit of risk over the last 3 months. We have found thirty technical indicators for Universal Electronics, which you can use to evaluate the volatility of the company. Please validate Universal Electronics' Coefficient Of Variation of 961.27, semi deviation of 2.49, and Risk Adjusted Performance of 0.072 to confirm if the risk estimate we provide is consistent with the expected return of 0.15%. Universal Electronics has a performance score of 4 on a scale of 0 to 100. The entity has a beta of 0.82, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Universal Electronics' returns are expected to increase less than the market. However, during the bear market, the loss of holding Universal Electronics is expected to be smaller as well. Universal Electronics right now has a risk of 2.43%. Please validate Universal Electronics total risk alpha, downside variance, daily balance of power, as well as the relationship between the maximum drawdown and skewness , to decide if Universal Electronics will be following its existing price patterns.
Auto-correlation | -0.22 |
Weak reverse predictability
Universal Electronics has weak reverse predictability. Overlapping area represents the amount of predictability between Universal Electronics time series from 24th of March 2024 to 8th of April 2024 and 8th of April 2024 to 23rd 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 Universal Electronics price movement. The serial correlation of -0.22 indicates that over 22.0% of current Universal Electronics price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.22 | |
| Spearman Rank Test | 0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Universal Electronics lagged returns against current returns
Autocorrelation, which is Universal Electronics 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 Universal Electronics' stock expected returns. We can calculate the autocorrelation of Universal Electronics returns to help us make a trade decision. For example, suppose you find that Universal Electronics 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 |
Universal Electronics 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 Universal Electronics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Universal Electronics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Universal Electronics stock over time.
Current vs Lagged Prices |
| Timeline |
Universal Electronics Lagged Returns
When evaluating Universal Electronics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Universal Electronics stock have on its future price. Universal Electronics 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, Universal Electronics autocorrelation shows the relationship between Universal Electronics stock current value and its past values and can show if there is a momentum factor associated with investing in Universal Electronics.
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 Universal Electronics offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Universal Electronics' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Universal Electronics Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Universal Electronics Stock:Check out Universal Electronics Correlation, Universal Electronics Volatility and Universal Electronics Alpha and Beta module to complement your research on Universal Electronics. For information on how to trade Universal Stock refer to our How to Trade Universal Stock guide.You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for Universal Stock analysis
When running Universal Electronics' price analysis, check to measure Universal Electronics' 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 Universal Electronics is operating at the current time. Most of Universal Electronics' value examination focuses on studying past and present price action to predict the probability of Universal Electronics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Universal Electronics' price. Additionally, you may evaluate how the addition of Universal Electronics to your portfolios can decrease your overall portfolio volatility.
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Universal Electronics 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.