Univa Foods (India) Market Value
| UNIVAFOODS | 9.22 0.00 0.00% |
| Symbol | Univa |
Univa Foods '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 Univa Foods' 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 Univa Foods.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Univa Foods on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Univa Foods Limited or generate 0.0% return on investment in Univa Foods over 30 days. Univa Foods is related to or competes with Reliance Industries, State Bank, HDFC Bank, Oil Natural, Coal India, and Tata Consultancy. Univa Foods is entity of India. It is traded as Stock on NSE exchange. More
Univa Foods 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 Univa Foods' 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 Univa Foods Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0232 | |||
| Maximum Drawdown | 4.89 |
Univa Foods Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Univa Foods' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Univa Foods' standard deviation. In reality, there are many statistical measures that can use Univa Foods historical prices to predict the future Univa Foods' volatility.| Risk Adjusted Performance | 0.135 | |||
| Jensen Alpha | 0.1213 | |||
| Total Risk Alpha | 0.0071 | |||
| Treynor Ratio | 0.9681 |
Univa Foods Limited Backtested Returns
As of now, Univa Stock is very steady. Univa Foods Limited owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.18, which indicates the firm had a 0.18% return per unit of risk over the last 3 months. We have found sixteen technical indicators for Univa Foods Limited, which you can use to evaluate the volatility of the company. Please validate Univa Foods' Risk Adjusted Performance of 0.135, coefficient of variation of 570.02, and Variance of 0.7141 to confirm if the risk estimate we provide is consistent with the expected return of 0.16%. Univa Foods has a performance score of 14 on a scale of 0 to 100. The entity has a beta of 0.14, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Univa Foods' returns are expected to increase less than the market. However, during the bear market, the loss of holding Univa Foods is expected to be smaller as well. Univa Foods Limited right now has a risk of 0.87%. Please validate Univa Foods variance, skewness, as well as the relationship between the Skewness and day typical price , to decide if Univa Foods will be following its existing price patterns.
Auto-correlation | 0.00 |
No correlation between past and present
Univa Foods Limited has no correlation between past and present. Overlapping area represents the amount of predictability between Univa Foods 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 Univa Foods Limited price movement. The serial correlation of 0.0 indicates that just 0.0% of current Univa Foods price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Univa Foods Limited lagged returns against current returns
Autocorrelation, which is Univa Foods 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 Univa Foods' stock expected returns. We can calculate the autocorrelation of Univa Foods returns to help us make a trade decision. For example, suppose you find that Univa Foods 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 |
Univa Foods 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 Univa Foods stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Univa Foods stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Univa Foods stock over time.
Current vs Lagged Prices |
| Timeline |
Univa Foods Lagged Returns
When evaluating Univa Foods' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Univa Foods stock have on its future price. Univa Foods 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, Univa Foods autocorrelation shows the relationship between Univa Foods stock current value and its past values and can show if there is a momentum factor associated with investing in Univa Foods 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 Univa Stock
Univa Foods financial ratios help investors to determine whether Univa 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 Univa with respect to the benefits of owning Univa Foods security.