United Breweries (India) Market Value
| UBL Stock | 1,903 6.10 0.32% |
| Symbol | United |
United Breweries '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 United Breweries' 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 United Breweries.
| 12/03/2023 |
| 11/27/2024 |
If you would invest 0.00 in United Breweries on December 3, 2023 and sell it all today you would earn a total of 0.00 from holding United Breweries Limited or generate 0.0% return on investment in United Breweries over 360 days. United Breweries is related to or competes with Melstar Information, Consolidated Construction, Biofil Chemicals, India Glycols, Indo Borax, Kingfa Science, and Alkali Metals. United Breweries is entity of India. It is traded as Stock on NSE exchange. More
United Breweries 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 United Breweries' 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 United Breweries Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 6.7 | |||
| Value At Risk | (1.97) | |||
| Potential Upside | 2.6 |
United Breweries Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for United Breweries' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as United Breweries' standard deviation. In reality, there are many statistical measures that can use United Breweries historical prices to predict the future United Breweries' volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.31) | |||
| Treynor Ratio | (0.44) |
United Breweries Backtested Returns
United Breweries owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0698, which indicates the firm had a -0.0698% return per unit of risk over the last 3 months. United Breweries Limited exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate United Breweries' Coefficient Of Variation of (1,627), risk adjusted performance of (0.04), and Variance of 1.88 to confirm the risk estimate we provide. The entity has a beta of 0.21, which indicates not very significant fluctuations relative to the market. As returns on the market increase, United Breweries' returns are expected to increase less than the market. However, during the bear market, the loss of holding United Breweries is expected to be smaller as well. At this point, United Breweries has a negative expected return of -0.0979%. Please make sure to validate United Breweries' maximum drawdown, daily balance of power, period momentum indicator, as well as the relationship between the skewness and day typical price , to decide if United Breweries performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.31 |
Poor reverse predictability
United Breweries Limited has poor reverse predictability. Overlapping area represents the amount of predictability between United Breweries time series from 3rd of December 2023 to 31st of May 2024 and 31st of May 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 United Breweries price movement. The serial correlation of -0.31 indicates that nearly 31.0% of current United Breweries price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.31 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 6498.8 |
United Breweries lagged returns against current returns
Autocorrelation, which is United Breweries 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 United Breweries' stock expected returns. We can calculate the autocorrelation of United Breweries returns to help us make a trade decision. For example, suppose you find that United Breweries 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 |
United Breweries 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 United Breweries stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if United Breweries stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in United Breweries stock over time.
Current vs Lagged Prices |
| Timeline |
United Breweries Lagged Returns
When evaluating United Breweries' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of United Breweries stock have on its future price. United Breweries 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, United Breweries autocorrelation shows the relationship between United Breweries stock current value and its past values and can show if there is a momentum factor associated with investing in United Breweries Limited.
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 United Stock
United Breweries financial ratios help investors to determine whether United 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 United with respect to the benefits of owning United Breweries security.