Unipar Carbocloro (Brazil) Market Value
| UNIP3 Stock | BRL 50.10 0.10 0.20% |
| Symbol | Unipar |
Unipar Carbocloro '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 Unipar Carbocloro'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 Unipar Carbocloro.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Unipar Carbocloro on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding Unipar Carbocloro SA or generate 0.0% return on investment in Unipar Carbocloro over 30 days. Unipar Carbocloro is related to or competes with Unipar Carbocloro, Unipar Carbocloro, Klabin SA, Transmissora Aliana, and Companhia Paranaense. Unipar Carbocloro S.A. produces and sells chlorine, caustic soda, and polyvinyl chloride in Brazil More
Unipar Carbocloro 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 Unipar Carbocloro'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 Unipar Carbocloro SA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.67 | |||
| Information Ratio | 0.0346 | |||
| Maximum Drawdown | 12.23 | |||
| Value At Risk | (2.59) | |||
| Potential Upside | 3.22 |
Unipar Carbocloro Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Unipar Carbocloro's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Unipar Carbocloro's standard deviation. In reality, there are many statistical measures that can use Unipar Carbocloro historical prices to predict the future Unipar Carbocloro's volatility.| Risk Adjusted Performance | 0.078 | |||
| Jensen Alpha | 0.2022 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | 0.0393 | |||
| Treynor Ratio | (0.53) |
Unipar Carbocloro Backtested Returns
Currently, Unipar Carbocloro SA is very steady. Unipar Carbocloro owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0811, which indicates the firm had a 0.0811% return per unit of risk over the last 3 months. We have found thirty technical indicators for Unipar Carbocloro SA, which you can use to evaluate the volatility of the company. Please validate Unipar Carbocloro's Risk Adjusted Performance of 0.078, semi deviation of 1.46, and Coefficient Of Variation of 1059.85 to confirm if the risk estimate we provide is consistent with the expected return of 0.16%. Unipar Carbocloro has a performance score of 6 on a scale of 0 to 100. The entity has a beta of -0.32, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Unipar Carbocloro are expected to decrease at a much lower rate. During the bear market, Unipar Carbocloro is likely to outperform the market. Unipar Carbocloro right now has a risk of 1.92%. Please validate Unipar Carbocloro total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to decide if Unipar Carbocloro will be following its existing price patterns.
Auto-correlation | 0.34 |
Below average predictability
Unipar Carbocloro SA has below average predictability. Overlapping area represents the amount of predictability between Unipar Carbocloro time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th 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 Unipar Carbocloro price movement. The serial correlation of 0.34 indicates that nearly 34.0% of current Unipar Carbocloro price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.34 | |
| Spearman Rank Test | 0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 0.68 |
Unipar Carbocloro lagged returns against current returns
Autocorrelation, which is Unipar Carbocloro 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 Unipar Carbocloro's stock expected returns. We can calculate the autocorrelation of Unipar Carbocloro returns to help us make a trade decision. For example, suppose you find that Unipar Carbocloro 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 |
Unipar Carbocloro 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 Unipar Carbocloro stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Unipar Carbocloro stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Unipar Carbocloro stock over time.
Current vs Lagged Prices |
| Timeline |
Unipar Carbocloro Lagged Returns
When evaluating Unipar Carbocloro's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Unipar Carbocloro stock have on its future price. Unipar Carbocloro 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, Unipar Carbocloro autocorrelation shows the relationship between Unipar Carbocloro stock current value and its past values and can show if there is a momentum factor associated with investing in Unipar Carbocloro SA.
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.Additional Tools for Unipar Stock Analysis
When running Unipar Carbocloro's price analysis, check to measure Unipar Carbocloro'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 Unipar Carbocloro is operating at the current time. Most of Unipar Carbocloro's value examination focuses on studying past and present price action to predict the probability of Unipar Carbocloro's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Unipar Carbocloro's price. Additionally, you may evaluate how the addition of Unipar Carbocloro to your portfolios can decrease your overall portfolio volatility.