Union Petrochemical (Thailand) Market Value
| UKEM Stock | THB 0.69 0.02 2.99% |
| Symbol | Union |
Union Petrochemical '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 Union Petrochemical'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 Union Petrochemical.
| 05/27/2024 |
| 11/23/2024 |
If you would invest 0.00 in Union Petrochemical on May 27, 2024 and sell it all today you would earn a total of 0.00 from holding Union Petrochemical Public or generate 0.0% return on investment in Union Petrochemical over 180 days. Union Petrochemical is related to or competes with Vibhavadi Medical, WHA Public, Tata Steel, and TPI Polene. Union Petrochemical Public Company Limited imports and distributes chemical products in Thailand More
Union Petrochemical 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 Union Petrochemical'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 Union Petrochemical Public upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.74 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 23.32 | |||
| Value At Risk | (3.75) | |||
| Potential Upside | 2.53 |
Union Petrochemical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Union Petrochemical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Union Petrochemical's standard deviation. In reality, there are many statistical measures that can use Union Petrochemical historical prices to predict the future Union Petrochemical's volatility.| Risk Adjusted Performance | 0.0171 | |||
| Jensen Alpha | 0.0739 | |||
| Total Risk Alpha | (0.42) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | (0.07) |
Union Petrochemical Backtested Returns
Union Petrochemical is out of control given 3 months investment horizon. Union Petrochemical owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.11, which indicates the firm had a 0.11% return per unit of risk over the last 3 months. We were able to collect data for thirty different technical indicators, which can help you to evaluate if expected returns of 13.81% are justified by taking the suggested risk. Use Union Petrochemical Semi Deviation of 1.44, risk adjusted performance of 0.0171, and Coefficient Of Variation of 7772.76 to evaluate company specific risk that cannot be diversified away. Union Petrochemical holds a performance score of 8 on a scale of zero to a hundred. The entity has a beta of -0.39, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Union Petrochemical are expected to decrease at a much lower rate. During the bear market, Union Petrochemical is likely to outperform the market. Use Union Petrochemical total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to analyze future returns on Union Petrochemical.
Auto-correlation | 0.13 |
Insignificant predictability
Union Petrochemical Public has insignificant predictability. Overlapping area represents the amount of predictability between Union Petrochemical time series from 27th of May 2024 to 25th of August 2024 and 25th of August 2024 to 23rd 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 Union Petrochemical price movement. The serial correlation of 0.13 indicates that less than 13.0% of current Union Petrochemical price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.13 | |
| Spearman Rank Test | 0.59 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Union Petrochemical lagged returns against current returns
Autocorrelation, which is Union Petrochemical 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 Union Petrochemical's stock expected returns. We can calculate the autocorrelation of Union Petrochemical returns to help us make a trade decision. For example, suppose you find that Union Petrochemical 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 |
Union Petrochemical 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 Union Petrochemical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Union Petrochemical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Union Petrochemical stock over time.
Current vs Lagged Prices |
| Timeline |
Union Petrochemical Lagged Returns
When evaluating Union Petrochemical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Union Petrochemical stock have on its future price. Union Petrochemical 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, Union Petrochemical autocorrelation shows the relationship between Union Petrochemical stock current value and its past values and can show if there is a momentum factor associated with investing in Union Petrochemical Public.
Regressed Prices |
| Timeline |
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Union Petrochemical financial ratios help investors to determine whether Union 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 Union with respect to the benefits of owning Union Petrochemical security.