UNICHARM (Germany) Market Value
| UN4 Stock | EUR 23.60 0.40 1.67% |
| Symbol | UNICHARM |
UNICHARM '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 UNICHARM'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 UNICHARM.
| 02/03/2023 |
| 12/24/2024 |
If you would invest 0.00 in UNICHARM on February 3, 2023 and sell it all today you would earn a total of 0.00 from holding UNICHARM or generate 0.0% return on investment in UNICHARM over 690 days. UNICHARM is related to or competes with Nufarm, Richardson Electronics, Hitachi Construction, AUST AGRICULTURAL, ARROW ELECTRONICS, Australian Agricultural, and ELECTRONIC ARTS. More
UNICHARM 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 UNICHARM'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 UNICHARM upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 13.24 | |||
| Value At Risk | (2.74) | |||
| Potential Upside | 2.54 |
UNICHARM Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for UNICHARM's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as UNICHARM's standard deviation. In reality, there are many statistical measures that can use UNICHARM historical prices to predict the future UNICHARM's volatility.| Risk Adjusted Performance | (0.14) | |||
| Jensen Alpha | (0.41) | |||
| Total Risk Alpha | (0.48) | |||
| Treynor Ratio | 1.65 |
UNICHARM Backtested Returns
UNICHARM 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. UNICHARM exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate UNICHARM's risk adjusted performance of (0.14), and Variance of 5.06 to confirm the risk estimate we provide. The entity has a beta of -0.25, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning UNICHARM are expected to decrease at a much lower rate. During the bear market, UNICHARM is likely to outperform the market. At this point, UNICHARM has a negative expected return of -0.42%. Please make sure to validate UNICHARM's information ratio, total risk alpha, potential upside, as well as the relationship between the jensen alpha and treynor ratio , to decide if UNICHARM performance from the past will be repeated at future time.
Auto-correlation | 0.23 |
Weak predictability
UNICHARM has weak predictability. Overlapping area represents the amount of predictability between UNICHARM time series from 3rd of February 2023 to 14th of January 2024 and 14th of January 2024 to 24th of December 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 UNICHARM price movement. The serial correlation of 0.23 indicates that over 23.0% of current UNICHARM price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.23 | |
| Spearman Rank Test | 0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 5.39 |
UNICHARM lagged returns against current returns
Autocorrelation, which is UNICHARM 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 UNICHARM's stock expected returns. We can calculate the autocorrelation of UNICHARM returns to help us make a trade decision. For example, suppose you find that UNICHARM 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 |
UNICHARM 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 UNICHARM stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if UNICHARM stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in UNICHARM stock over time.
Current vs Lagged Prices |
| Timeline |
UNICHARM Lagged Returns
When evaluating UNICHARM's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of UNICHARM stock have on its future price. UNICHARM 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, UNICHARM autocorrelation shows the relationship between UNICHARM stock current value and its past values and can show if there is a momentum factor associated with investing in UNICHARM.
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.Other Information on Investing in UNICHARM Stock
UNICHARM financial ratios help investors to determine whether UNICHARM 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 UNICHARM with respect to the benefits of owning UNICHARM security.