Ricochet Trader Logo


External Links

Google Quotes

Google News

Reuters News

Yahoo News

Yahoo Quotes

#6) Universal Insurance Holdings Inc(UVE) Forecast Chart for Sep 14, 2017*
Top Buys Chart Navigation
Prev Buy Next Buy

September 13, 2017 (RicochetTrader.com)

Forecast chart for Universal Insurance Holdings Inc ( UVE ) for the next 15 trading days, starting on September 14, 2017

On September 13, 2017 Universal Insurance Holdings Inc had a closing price of $21.00 with 589,535 shares traded. The trading liquidity was $12.38M. The forecast predicted average opening price for trading date September 14, 2017 is $20.97.

Summary Information for Universal Insurance Holdings Inc ( UVE ).

Summary of the 10th percentile net composite return.
The best expected daily return of -0.8415% occurs on day 2 where there is a 10% chance that UVE will rise to $22.47 (+7.17%) and there is a 10% chance it will fall to $19.11 (-8.86%). There is a 20% that UVE will cross one of these price levels in 2 days, and adding the returns of +7.17% and -8.86% yields a net composite return of -1.69%. A net return of -1.69% in 2 days is an EDR of -0.8415% per day.

Summary of the 20th percentile net composite return.
The best expected daily return of -0.8686% occurs on day 4 where there is a 20% chance that UVE will rise to $22.20 (+5.86%) and there is a 20% chance it will fall to $19.00 (-9.38%). There is a 40% that UVE will cross one of these price levels in 4 days, and adding the returns of +5.86% and -9.38% yields a net composite return of -3.52%. A net return of -3.52% in 4 days is an EDR of -0.8686% per day.

Summary of the 30th percentile net composite return.
The best expected daily return of -0.9117% occurs on day 3 where there is a 30% chance that UVE will rise to $21.76 (+3.75%) and there is a 30% chance it will fall to $19.60 (-6.51%). There is a 60% that UVE will cross one of these price levels in 3 days, and adding the returns of +3.75% and -6.51% yields a net composite return of -2.76%. A net return of -2.76% in 3 days is an EDR of -0.9117% per day.

Summary of the 40th percentile net composite return.
The best expected daily return of -0.8593% occurs on day 3 where there is a 40% chance that UVE will rise to $21.41 (+2.11%) and there is a 40% chance it will fall to $19.98 (-4.71%). There is a 80% that UVE will cross one of these price levels in 3 days, and adding the returns of +2.11% and -4.71% yields a net composite return of -2.60%. A net return of -2.60% in 3 days is an EDR of -0.8593% per day.

* The forecast for Universal Insurance Holdings Inc (UVE) was made using market data after the close on September 13, 2017 but is generated for the next trading day, or September 14, 2017