Unicasa Indstria (Brazil) Market Value
| UCAS3 Stock | BRL 2.10 0.02 0.96% |
| Symbol | Unicasa |
Unicasa Indstria '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 Unicasa Indstria'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 Unicasa Indstria.
| 12/09/2023 |
| 12/03/2024 |
If you would invest 0.00 in Unicasa Indstria on December 9, 2023 and sell it all today you would earn a total of 0.00 from holding Unicasa Indstria de or generate 0.0% return on investment in Unicasa Indstria over 360 days. Unicasa Indstria is related to or competes with Align Technology, Unifique Telecomunicaes, Metalurgica Gerdau, Zoom Video, Charter Communications, Verizon Communications, and Micron Technology. Unicasa Indstria de Mveis S.A. engages in the manufacture, sale, import, and export of furniture More
Unicasa Indstria 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 Unicasa Indstria'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 Unicasa Indstria de upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 5.95 | |||
| Value At Risk | (1.85) | |||
| Potential Upside | 2.35 |
Unicasa Indstria Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Unicasa Indstria's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Unicasa Indstria's standard deviation. In reality, there are many statistical measures that can use Unicasa Indstria historical prices to predict the future Unicasa Indstria's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.29) | |||
| Treynor Ratio | (0.67) |
Unicasa Indstria Backtested Returns
Unicasa Indstria owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0955, which indicates the firm had a -0.0955% return per unit of risk over the last 3 months. Unicasa Indstria de exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Unicasa Indstria's Coefficient Of Variation of (1,439), risk adjusted performance of (0.05), and Variance of 1.66 to confirm the risk estimate we provide. The entity has a beta of 0.15, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Unicasa Indstria's returns are expected to increase less than the market. However, during the bear market, the loss of holding Unicasa Indstria is expected to be smaller as well. At this point, Unicasa Indstria has a negative expected return of -0.12%. Please make sure to validate Unicasa Indstria's total risk alpha, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to decide if Unicasa Indstria performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.64 |
Good predictability
Unicasa Indstria de has good predictability. Overlapping area represents the amount of predictability between Unicasa Indstria time series from 9th of December 2023 to 6th of June 2024 and 6th of June 2024 to 3rd 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 Unicasa Indstria price movement. The serial correlation of 0.64 indicates that roughly 64.0% of current Unicasa Indstria price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.64 | |
| Spearman Rank Test | 0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Unicasa Indstria lagged returns against current returns
Autocorrelation, which is Unicasa Indstria 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 Unicasa Indstria's stock expected returns. We can calculate the autocorrelation of Unicasa Indstria returns to help us make a trade decision. For example, suppose you find that Unicasa Indstria 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 |
Unicasa Indstria 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 Unicasa Indstria stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Unicasa Indstria stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Unicasa Indstria stock over time.
Current vs Lagged Prices |
| Timeline |
Unicasa Indstria Lagged Returns
When evaluating Unicasa Indstria's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Unicasa Indstria stock have on its future price. Unicasa Indstria 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, Unicasa Indstria autocorrelation shows the relationship between Unicasa Indstria stock current value and its past values and can show if there is a momentum factor associated with investing in Unicasa Indstria de.
Regressed Prices |
| Timeline |
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When running Unicasa Indstria's price analysis, check to measure Unicasa Indstria'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 Unicasa Indstria is operating at the current time. Most of Unicasa Indstria's value examination focuses on studying past and present price action to predict the probability of Unicasa Indstria's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Unicasa Indstria's price. Additionally, you may evaluate how the addition of Unicasa Indstria to your portfolios can decrease your overall portfolio volatility.