Compania Cervecerias (Chile) Market Value
| CCU Stock | CLP 5,519 39.00 0.71% |
| Symbol | Compania |
Compania Cervecerias '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 Compania Cervecerias' 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 Compania Cervecerias.
| 08/29/2024 |
| 11/27/2024 |
If you would invest 0.00 in Compania Cervecerias on August 29, 2024 and sell it all today you would earn a total of 0.00 from holding Compania Cervecerias Unidas or generate 0.0% return on investment in Compania Cervecerias over 90 days. Compania Cervecerias is related to or competes with Falabella, Empresas Copec, Cencosud, Salfacorp, Multiexport Foods, Sociedad Matriz, and AFP Planvital. Compaa Cerveceras Unidas S.A. operates as a beverage company principally in Chile, Argentina, Uruguay, Paraguay, Colombi... More
Compania Cervecerias 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 Compania Cervecerias' 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 Compania Cervecerias Unidas upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.15 | |||
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 5.33 | |||
| Value At Risk | (2.06) | |||
| Potential Upside | 1.95 |
Compania Cervecerias Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Compania Cervecerias' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Compania Cervecerias' standard deviation. In reality, there are many statistical measures that can use Compania Cervecerias historical prices to predict the future Compania Cervecerias' volatility.| Risk Adjusted Performance | 0.0348 | |||
| Jensen Alpha | 0.0236 | |||
| Total Risk Alpha | (0.14) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | 0.3104 |
Compania Cervecerias Backtested Returns
As of now, Compania Stock is very steady. Compania Cervecerias secures Sharpe Ratio (or Efficiency) of 0.13, which signifies that the company had a 0.13% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Compania Cervecerias Unidas, which you can use to evaluate the volatility of the firm. Please confirm Compania Cervecerias' Downside Deviation of 1.15, risk adjusted performance of 0.0348, and Mean Deviation of 0.9238 to double-check if the risk estimate we provide is consistent with the expected return of 0.15%. Compania Cervecerias has a performance score of 9 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.12, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Compania Cervecerias' returns are expected to increase less than the market. However, during the bear market, the loss of holding Compania Cervecerias is expected to be smaller as well. Compania Cervecerias right now shows a risk of 1.19%. Please confirm Compania Cervecerias total risk alpha, expected short fall, market facilitation index, as well as the relationship between the value at risk and daily balance of power , to decide if Compania Cervecerias will be following its price patterns.
Auto-correlation | -0.04 |
Very weak reverse predictability
Compania Cervecerias Unidas has very weak reverse predictability. Overlapping area represents the amount of predictability between Compania Cervecerias time series from 29th of August 2024 to 13th of October 2024 and 13th of October 2024 to 27th of November 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 Compania Cervecerias price movement. The serial correlation of -0.04 indicates that only as little as 4.0% of current Compania Cervecerias price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.04 | |
| Spearman Rank Test | 0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 9618.44 |
Compania Cervecerias lagged returns against current returns
Autocorrelation, which is Compania Cervecerias 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 Compania Cervecerias' stock expected returns. We can calculate the autocorrelation of Compania Cervecerias returns to help us make a trade decision. For example, suppose you find that Compania Cervecerias 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 |
Compania Cervecerias 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 Compania Cervecerias stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Compania Cervecerias stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Compania Cervecerias stock over time.
Current vs Lagged Prices |
| Timeline |
Compania Cervecerias Lagged Returns
When evaluating Compania Cervecerias' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Compania Cervecerias stock have on its future price. Compania Cervecerias 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, Compania Cervecerias autocorrelation shows the relationship between Compania Cervecerias stock current value and its past values and can show if there is a momentum factor associated with investing in Compania Cervecerias Unidas.
Regressed Prices |
| Timeline |
Pair Trading with Compania Cervecerias
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Compania Cervecerias position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Compania Cervecerias will appreciate offsetting losses from the drop in the long position's value.Moving against Compania Stock
The ability to find closely correlated positions to Compania Cervecerias could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Compania Cervecerias when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Compania Cervecerias - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Compania Cervecerias Unidas to buy it.
The correlation of Compania Cervecerias is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Compania Cervecerias moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Compania Cervecerias moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Compania Cervecerias can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Information and Resources on Investing in Compania Stock
When determining whether Compania Cervecerias is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Compania Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Compania Cervecerias Unidas Stock. Highlighted below are key reports to facilitate an investment decision about Compania Cervecerias Unidas Stock:Check out Compania Cervecerias Correlation, Compania Cervecerias Volatility and Compania Cervecerias Alpha and Beta module to complement your research on Compania Cervecerias. You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
Compania Cervecerias 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.