Umicore Sa Adr Stock Market Value
| UMICY Stock | USD 2.59 0.05 1.89% |
| Symbol | Umicore |
Umicore SA '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 Umicore SA's pink sheet 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 Umicore SA.
| 12/10/2022 |
| 11/29/2024 |
If you would invest 0.00 in Umicore SA on December 10, 2022 and sell it all today you would earn a total of 0.00 from holding Umicore SA ADR or generate 0.0% return on investment in Umicore SA over 720 days. Umicore SA is related to or competes with Bion Environmental, and TOMI Environmental. Umicore SA operates as a materials technology and recycling company worldwide More
Umicore SA 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 Umicore SA's pink sheet 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 Umicore SA ADR upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 13.35 | |||
| Value At Risk | (5.14) | |||
| Potential Upside | 4.56 |
Umicore SA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Umicore SA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Umicore SA's standard deviation. In reality, there are many statistical measures that can use Umicore SA historical prices to predict the future Umicore SA's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.38) | |||
| Total Risk Alpha | (0.73) | |||
| Treynor Ratio | (0.44) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Umicore SA's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Umicore SA ADR Backtested Returns
Umicore SA ADR owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0467, which indicates the firm had a -0.0467% return per unit of risk over the last 3 months. Umicore SA ADR exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Umicore SA's Risk Adjusted Performance of (0.07), variance of 8.17, and Coefficient Of Variation of (990.25) to confirm the risk estimate we provide. The entity has a beta of 0.68, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Umicore SA's returns are expected to increase less than the market. However, during the bear market, the loss of holding Umicore SA is expected to be smaller as well. At this point, Umicore SA ADR has a negative expected return of -0.13%. Please make sure to validate Umicore SA's jensen alpha, skewness, as well as the relationship between the Skewness and day typical price , to decide if Umicore SA ADR performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.91 |
Excellent predictability
Umicore SA ADR has excellent predictability. Overlapping area represents the amount of predictability between Umicore SA time series from 10th of December 2022 to 5th of December 2023 and 5th of December 2023 to 29th 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 Umicore SA ADR price movement. The serial correlation of 0.91 indicates that approximately 91.0% of current Umicore SA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.91 | |
| Spearman Rank Test | 0.87 | |
| Residual Average | 0.0 | |
| Price Variance | 1.51 |
Umicore SA ADR lagged returns against current returns
Autocorrelation, which is Umicore SA pink sheet'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 Umicore SA's pink sheet expected returns. We can calculate the autocorrelation of Umicore SA returns to help us make a trade decision. For example, suppose you find that Umicore SA has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Umicore SA 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 Umicore SA pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Umicore SA pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Umicore SA pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Umicore SA Lagged Returns
When evaluating Umicore SA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Umicore SA pink sheet have on its future price. Umicore SA 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, Umicore SA autocorrelation shows the relationship between Umicore SA pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Umicore SA ADR.
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 Umicore Pink Sheet Analysis
When running Umicore SA's price analysis, check to measure Umicore SA'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 Umicore SA is operating at the current time. Most of Umicore SA's value examination focuses on studying past and present price action to predict the probability of Umicore SA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Umicore SA's price. Additionally, you may evaluate how the addition of Umicore SA to your portfolios can decrease your overall portfolio volatility.