UTI Asset (India) Market Value
| UTIAMC Stock | 1,000 0.15 0.01% |
| Symbol | UTI |
UTI Asset '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 UTI Asset'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 UTI Asset.
| 05/30/2024 |
| 06/29/2024 |
If you would invest 0.00 in UTI Asset on May 30, 2024 and sell it all today you would earn a total of 0.00 from holding UTI Asset Management or generate 0.0% return on investment in UTI Asset over 30 days. UTI Asset is related to or competes with State Bank, Life Insurance, HDFC Bank, ICICI Bank, and Reliance Industries. UTI Asset is entity of India. It is traded as Stock on NSE exchange. More
UTI Asset 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 UTI Asset'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 UTI Asset Management upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.31 | |||
| Information Ratio | 0.1921 | |||
| Maximum Drawdown | 6.35 | |||
| Value At Risk | (2.14) | |||
| Potential Upside | 3.5 |
UTI Asset Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for UTI Asset's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as UTI Asset's standard deviation. In reality, there are many statistical measures that can use UTI Asset historical prices to predict the future UTI Asset's volatility.| Risk Adjusted Performance | 0.1291 | |||
| Jensen Alpha | 0.2992 | |||
| Total Risk Alpha | 0.3308 | |||
| Sortino Ratio | 0.2365 | |||
| Treynor Ratio | 1.13 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of UTI Asset'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.
UTI Asset Management Backtested Returns
UTI Asset appears to be very steady, given 3 months investment horizon. UTI Asset Management owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.19, which indicates the firm had a 0.19% return per unit of volatility over the last 3 months. We have found thirty technical indicators for UTI Asset Management, which you can use to evaluate the volatility of the company. Please review UTI Asset's coefficient of variation of 527.7, and Risk Adjusted Performance of 0.1291 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, UTI Asset holds a performance score of 14. The entity has a beta of 0.26, which indicates not very significant fluctuations relative to the market. As returns on the market increase, UTI Asset's returns are expected to increase less than the market. However, during the bear market, the loss of holding UTI Asset is expected to be smaller as well. Please check UTI Asset's sortino ratio, skewness, price action indicator, as well as the relationship between the potential upside and rate of daily change , to make a quick decision on whether UTI Asset's existing price patterns will revert.
Auto-correlation | -0.49 |
Modest reverse predictability
UTI Asset Management has modest reverse predictability. Overlapping area represents the amount of predictability between UTI Asset time series from 30th of May 2024 to 14th of June 2024 and 14th of June 2024 to 29th of June 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 UTI Asset Management price movement. The serial correlation of -0.49 indicates that about 49.0% of current UTI Asset price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.49 | |
| Spearman Rank Test | -0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 175.44 |
UTI Asset Management lagged returns against current returns
Autocorrelation, which is UTI Asset 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 UTI Asset's stock expected returns. We can calculate the autocorrelation of UTI Asset returns to help us make a trade decision. For example, suppose you find that UTI Asset 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 |
UTI Asset 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 UTI Asset stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if UTI Asset stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in UTI Asset stock over time.
Current vs Lagged Prices |
| Timeline |
UTI Asset Lagged Returns
When evaluating UTI Asset's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of UTI Asset stock have on its future price. UTI Asset 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, UTI Asset autocorrelation shows the relationship between UTI Asset stock current value and its past values and can show if there is a momentum factor associated with investing in UTI Asset Management.
Regressed Prices |
| Timeline |
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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.Other Information on Investing in UTI Stock
UTI Asset financial ratios help investors to determine whether UTI 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 UTI with respect to the benefits of owning UTI Asset security.