Unifique Telecomunicaes (Brazil) Market Value
| FIQE3 Stock | 3.87 0.01 0.26% |
| Symbol | Unifique |
Unifique Telecomunicaes '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 Unifique Telecomunicaes' 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 Unifique Telecomunicaes.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Unifique Telecomunicaes on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Unifique Telecomunicaes SA or generate 0.0% return on investment in Unifique Telecomunicaes over 30 days. Unifique Telecomunicaes is related to or competes with Broadcom, Extra Space, United Airlines, Metalrgica Riosulense, MAHLE Metal, T Mobile, and TAL Education. More
Unifique Telecomunicaes 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 Unifique Telecomunicaes' 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 Unifique Telecomunicaes SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 11.45 | |||
| Value At Risk | (3.57) | |||
| Potential Upside | 2.64 |
Unifique Telecomunicaes Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Unifique Telecomunicaes' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Unifique Telecomunicaes' standard deviation. In reality, there are many statistical measures that can use Unifique Telecomunicaes historical prices to predict the future Unifique Telecomunicaes' volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.40) | |||
| Treynor Ratio | (0.13) |
Unifique Telecomunicaes Backtested Returns
Currently, Unifique Telecomunicaes SA is slightly risky. Unifique Telecomunicaes owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0307, which indicates the firm had a 0.0307% return per unit of risk over the last 3 months. We have found twenty-two technical indicators for Unifique Telecomunicaes SA, which you can use to evaluate the volatility of the company. Please validate Unifique Telecomunicaes' Risk Adjusted Performance of (0.01), coefficient of variation of (4,326), and Variance of 4.62 to confirm if the risk estimate we provide is consistent with the expected return of 0.0636%. Unifique Telecomunicaes has a performance score of 2 on a scale of 0 to 100. The entity has a beta of 0.46, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Unifique Telecomunicaes' returns are expected to increase less than the market. However, during the bear market, the loss of holding Unifique Telecomunicaes is expected to be smaller as well. Unifique Telecomunicaes right now has a risk of 2.07%. Please validate Unifique Telecomunicaes jensen alpha, treynor ratio, and the relationship between the information ratio and total risk alpha , to decide if Unifique Telecomunicaes will be following its existing price patterns.
Auto-correlation | 0.10 |
Insignificant predictability
Unifique Telecomunicaes SA has insignificant predictability. Overlapping area represents the amount of predictability between Unifique Telecomunicaes time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Unifique Telecomunicaes price movement. The serial correlation of 0.1 indicates that less than 10.0% of current Unifique Telecomunicaes price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.1 | |
| Spearman Rank Test | -0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Unifique Telecomunicaes lagged returns against current returns
Autocorrelation, which is Unifique Telecomunicaes 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 Unifique Telecomunicaes' stock expected returns. We can calculate the autocorrelation of Unifique Telecomunicaes returns to help us make a trade decision. For example, suppose you find that Unifique Telecomunicaes 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 |
Unifique Telecomunicaes 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 Unifique Telecomunicaes stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Unifique Telecomunicaes stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Unifique Telecomunicaes stock over time.
Current vs Lagged Prices |
| Timeline |
Unifique Telecomunicaes Lagged Returns
When evaluating Unifique Telecomunicaes' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Unifique Telecomunicaes stock have on its future price. Unifique Telecomunicaes 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, Unifique Telecomunicaes autocorrelation shows the relationship between Unifique Telecomunicaes stock current value and its past values and can show if there is a momentum factor associated with investing in Unifique Telecomunicaes 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 Unifique Stock Analysis
When running Unifique Telecomunicaes' price analysis, check to measure Unifique Telecomunicaes' 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 Unifique Telecomunicaes is operating at the current time. Most of Unifique Telecomunicaes' value examination focuses on studying past and present price action to predict the probability of Unifique Telecomunicaes' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Unifique Telecomunicaes' price. Additionally, you may evaluate how the addition of Unifique Telecomunicaes to your portfolios can decrease your overall portfolio volatility.