Unum Group Stock Market Value
| UNM Stock | USD 53.09 0.32 0.61% |
| Symbol | Unum |
Unum Group Price To Book Ratio
Is Unum'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 Unum. If investors know Unum 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 Unum 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 0.133 | Dividend Share 1.425 | Earnings Share 6.74 | Revenue Per Share 64.271 | Quarterly Revenue Growth 0.054 |
The market value of Unum Group is measured differently than its book value, which is the value of Unum that is recorded on the company's balance sheet. Investors also form their own opinion of Unum's value that differs from its market value or its book value, called intrinsic value, which is Unum'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 Unum's market value can be influenced by many factors that don't directly affect Unum'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 Unum's value and its price as these two are different measures arrived at by different means. Investors typically determine if Unum is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Unum'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.
Unum '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 Unum's 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 Unum.
| 04/20/2024 |
| 05/20/2024 |
If you would invest 0.00 in Unum on April 20, 2024 and sell it all today you would earn a total of 0.00 from holding Unum Group or generate 0.0% return on investment in Unum over 30 days. Unum is related to or competes with Lincoln National, and Brighthouse Financial. Unum Group, together with its subsidiaries, provides financial protection benefit solutions primarily in the United Stat... More
Unum 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 Unum's 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 Unum Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.08 | |||
| Information Ratio | 0.0582 | |||
| Maximum Drawdown | 5.01 | |||
| Value At Risk | (1.64) | |||
| Potential Upside | 1.57 |
Unum Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Unum's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Unum's standard deviation. In reality, there are many statistical measures that can use Unum historical prices to predict the future Unum's volatility.| Risk Adjusted Performance | 0.1 | |||
| Jensen Alpha | 0.111 | |||
| Total Risk Alpha | 9.0E-4 | |||
| Sortino Ratio | 0.0506 | |||
| Treynor Ratio | 0.3897 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Unum'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.
Unum Group Backtested Returns
We consider Unum very steady. Unum Group 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 have found twenty-nine technical indicators for Unum Group, which you can use to evaluate the volatility of the company. Please validate Unum's Semi Deviation of 0.8734, coefficient of variation of 609.0, and Risk Adjusted Performance of 0.1 to confirm if the risk estimate we provide is consistent with the expected return of 0.13%. Unum has a performance score of 10 on a scale of 0 to 100. The entity has a beta of 0.37, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Unum's returns are expected to increase less than the market. However, during the bear market, the loss of holding Unum is expected to be smaller as well. Unum Group right now has a risk of 0.94%. Please validate Unum semi variance, as well as the relationship between the daily balance of power and price action indicator , to decide if Unum will be following its existing price patterns.
Auto-correlation | -0.19 |
Insignificant reverse predictability
Unum Group has insignificant reverse predictability. Overlapping area represents the amount of predictability between Unum time series from 20th of April 2024 to 5th of May 2024 and 5th of May 2024 to 20th 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 Unum Group price movement. The serial correlation of -0.19 indicates that over 19.0% of current Unum price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.19 | |
| Spearman Rank Test | 0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
Unum Group lagged returns against current returns
Autocorrelation, which is Unum 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 Unum's stock expected returns. We can calculate the autocorrelation of Unum returns to help us make a trade decision. For example, suppose you find that Unum 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 |
Unum 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 Unum stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Unum stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Unum stock over time.
Current vs Lagged Prices |
| Timeline |
Unum Lagged Returns
When evaluating Unum's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Unum stock have on its future price. Unum 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, Unum autocorrelation shows the relationship between Unum stock current value and its past values and can show if there is a momentum factor associated with investing in Unum Group.
Regressed Prices |
| Timeline |
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Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as Unum Group using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.Build Optimal Portfolios
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Check out Unum Correlation, Unum Volatility and Unum Alpha and Beta module to complement your research on Unum. You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.
Complementary Tools for Unum Stock analysis
When running Unum's price analysis, check to measure Unum'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 Unum is operating at the current time. Most of Unum's value examination focuses on studying past and present price action to predict the probability of Unum's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Unum's price. Additionally, you may evaluate how the addition of Unum to your portfolios can decrease your overall portfolio volatility.
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Unum 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.