Unibel SA (France) Market Value
UNBL Stock | EUR 950.00 5.00 0.52% |
Symbol | Unibel |
Unibel 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 Unibel SA'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 Unibel SA.
04/03/2024 |
| 05/03/2024 |
If you would invest 0.00 in Unibel SA on April 3, 2024 and sell it all today you would earn a total of 0.00 from holding Unibel SA or generate 0.0% return on investment in Unibel SA over 30 days. Unibel SA is related to or competes with Socit BIC, Bnteau SA, and SEB SA. Unibel S.A., through its subsidiary, produces and sells cheese products More
Unibel 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 Unibel SA'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 Unibel SA upside and downside potential and time the market with a certain degree of confidence.
Information Ratio | (0.07) | |||
Maximum Drawdown | 10.87 | |||
Value At Risk | (2.56) | |||
Potential Upside | 2.63 |
Unibel SA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Unibel SA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Unibel SA's standard deviation. In reality, there are many statistical measures that can use Unibel SA historical prices to predict the future Unibel SA's volatility.Risk Adjusted Performance | (0.01) | |||
Jensen Alpha | (0.06) | |||
Total Risk Alpha | (0.16) | |||
Treynor Ratio | (0.36) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Unibel 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.
Unibel SA Backtested Returns
Unibel SA owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0246, which indicates the firm had a -0.0246% return per unit of risk over the last 3 months. Unibel SA exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Unibel SA's Variance of 2.3, coefficient of variation of (3,484), and Risk Adjusted Performance of (0.01) 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, Unibel SA's returns are expected to increase less than the market. However, during the bear market, the loss of holding Unibel SA is expected to be smaller as well. Unibel SA has an expected return of -0.0388%. Please make sure to validate Unibel SA treynor ratio, potential upside, and the relationship between the total risk alpha and maximum drawdown , to decide if Unibel SA performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.21 |
Weak reverse predictability
Unibel SA has weak reverse predictability. Overlapping area represents the amount of predictability between Unibel SA time series from 3rd of April 2024 to 18th of April 2024 and 18th of April 2024 to 3rd of May 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 Unibel SA price movement. The serial correlation of -0.21 indicates that over 21.0% of current Unibel SA price fluctuation can be explain by its past prices.
Correlation Coefficient | -0.21 | |
Spearman Rank Test | -0.6 | |
Residual Average | 0.0 | |
Price Variance | 80.25 |
Unibel SA lagged returns against current returns
Autocorrelation, which is Unibel SA 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 Unibel SA's stock expected returns. We can calculate the autocorrelation of Unibel SA returns to help us make a trade decision. For example, suppose you find that Unibel SA 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 |
Unibel 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 Unibel SA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Unibel SA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Unibel SA stock over time.
Current vs Lagged Prices |
Timeline |
Unibel SA Lagged Returns
When evaluating Unibel SA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Unibel SA stock have on its future price. Unibel 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, Unibel SA autocorrelation shows the relationship between Unibel SA stock current value and its past values and can show if there is a momentum factor associated with investing in Unibel SA.
Regressed Prices |
Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Unibel SA in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Unibel SA's short interest history, or implied volatility extrapolated from Unibel SA options trading.
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Check out Unibel SA Correlation, Unibel SA Volatility and Unibel SA Alpha and Beta module to complement your research on Unibel SA. You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
Complementary Tools for Unibel Stock analysis
When running Unibel SA's price analysis, check to measure Unibel 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 Unibel SA is operating at the current time. Most of Unibel SA's value examination focuses on studying past and present price action to predict the probability of Unibel 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 Unibel SA's price. Additionally, you may evaluate how the addition of Unibel SA to your portfolios can decrease your overall portfolio volatility.
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Unibel SA technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.