Union Chemicals (Sri Lanka) Price on March 18, 2024
| UCARN0000 | 696.25 4.50 0.64% |
If you're considering investing in Union Stock, it is important to understand the factors that can impact its price. As of today, the current price of Union Chemicals stands at 696.25, as last reported on the 14th of December 2024, with the highest price reaching 710.00 and the lowest price hitting 695.25 during the day. Union Chemicals appears to be very steady, given 3 months investment horizon. Union Chemicals Lanka owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.16, which indicates the firm had a 0.16% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Union Chemicals Lanka, which you can use to evaluate the volatility of the company. Please review Union Chemicals' Risk Adjusted Performance of 0.0319, coefficient of variation of 2841.16, and Semi Deviation of 1.42 to confirm if our risk estimates are consistent with your expectations.
Union Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Union |
Sharpe Ratio = 0.158
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Estimated Market Risk
| 1.55 actual daily | 13 87% of assets are more volatile |
Expected Return
| 0.24 actual daily | 4 96% of assets have higher returns |
Risk-Adjusted Return
| 0.16 actual daily | 12 88% of assets perform better |
Based on monthly moving average Union Chemicals is performing at about 12% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Union Chemicals by adding it to a well-diversified portfolio.
Union Chemicals Valuation on March 18, 2024
It is possible to determine the worth of Union Chemicals on a given historical date. On March 18, 2024 Union was worth 578.0 at the beginning of the trading date compared to the closed value of 581.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Union Chemicals stock. Still, in general, we apply an absolute valuation method to find Union Chemicals' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Union Chemicals where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Union Chemicals' related companies.
| Open | High | Low | Close | Volume | |
| 550.00 | 573.50 | 550.00 | 573.25 | 55,502 | |
03/18/2024 | 578.00 | 599.50 | 578.00 | 581.00 | 2,706 |
| 595.00 | 598.00 | 580.00 | 592.75 | 103.00 |
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Union Chemicals Trading Date Momentum on March 18, 2024
| On March 19 2024 Union Chemicals Lanka was traded for 592.75 at the closing time. The highest price during the trading period was 598.00 and the lowest recorded bid was listed for 580.00 . The volume for the day was 103. This history from March 19, 2024 contributed to the next trading day price jump. The trading price change to the next closing price was 2.02% . The trading price change to the current price is 2.37% . |
About Union Chemicals Stock history
Union Chemicals investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Union is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Union Chemicals Lanka will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Union Chemicals stock prices may prove useful in developing a viable investing in Union Chemicals
Union Chemicals Stock Technical Analysis
Union Chemicals 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.
Price Boundaries
Union Chemicals Period Price Range
Low | December 14, 2024
| High |
0.00 | 0.00 |
Union Chemicals Lanka cannot be verified against its exchange. Please verify the symbol is currently traded on Colombo Stock Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Union Chemicals December 14, 2024 Market Strength
Market strength indicators help investors to evaluate how Union Chemicals stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Union Chemicals shares will generate the highest return on investment. By undertsting and applying Union Chemicals stock market strength indicators, traders can identify Union Chemicals Lanka entry and exit signals to maximize returns
Union Chemicals Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Union Chemicals' price direction in advance. Along with the technical and fundamental analysis of Union Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Union to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0319 | |||
| Jensen Alpha | 0.0419 | |||
| Total Risk Alpha | (0.19) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.2913 |
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Complementary Tools for Union Stock analysis
When running Union Chemicals' price analysis, check to measure Union Chemicals' 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 Union Chemicals is operating at the current time. Most of Union Chemicals' value examination focuses on studying past and present price action to predict the probability of Union Chemicals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Union Chemicals' price. Additionally, you may evaluate how the addition of Union Chemicals to your portfolios can decrease your overall portfolio volatility.
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