UFLEX (India) Market Value
| UFLEX Stock | 535.90 0.25 0.05% |
| Symbol | UFLEX |
UFLEX '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 UFLEX'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 UFLEX.
| 12/12/2022 |
| 12/01/2024 |
If you would invest 0.00 in UFLEX on December 12, 2022 and sell it all today you would earn a total of 0.00 from holding UFLEX Limited or generate 0.0% return on investment in UFLEX over 720 days. UFLEX is related to or competes with Bharatiya Global, Varun Beverages, Bodhi Tree, Eros International, Iris Clothings, FCS Software, and Sintex Plastics. UFLEX is entity of India. It is traded as Stock on NSE exchange. More
UFLEX 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 UFLEX'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 UFLEX Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.27) | |||
| Maximum Drawdown | 11.44 | |||
| Value At Risk | (6.00) | |||
| Potential Upside | 2.16 |
UFLEX Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for UFLEX's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as UFLEX's standard deviation. In reality, there are many statistical measures that can use UFLEX historical prices to predict the future UFLEX's volatility.| Risk Adjusted Performance | (0.16) | |||
| Jensen Alpha | (0.63) | |||
| Total Risk Alpha | (0.92) | |||
| Treynor Ratio | (0.63) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of UFLEX'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.
UFLEX Limited Backtested Returns
UFLEX Limited owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.21, which indicates the firm had a -0.21% return per unit of standard deviation over the last 3 months. UFLEX Limited exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate UFLEX's risk adjusted performance of (0.16), and Variance of 5.61 to confirm the risk estimate we provide. The entity has a beta of 0.83, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, UFLEX's returns are expected to increase less than the market. However, during the bear market, the loss of holding UFLEX is expected to be smaller as well. At this point, UFLEX Limited has a negative expected return of -0.51%. Please make sure to validate UFLEX's total risk alpha, kurtosis, as well as the relationship between the Kurtosis and market facilitation index , to decide if UFLEX Limited performance from the past will be repeated at future time.
Auto-correlation | -0.05 |
Very weak reverse predictability
UFLEX Limited has very weak reverse predictability. Overlapping area represents the amount of predictability between UFLEX time series from 12th of December 2022 to 7th of December 2023 and 7th of December 2023 to 1st 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 UFLEX Limited price movement. The serial correlation of -0.05 indicates that only as little as 5.0% of current UFLEX price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.05 | |
| Spearman Rank Test | -0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 12.5 K |
UFLEX Limited lagged returns against current returns
Autocorrelation, which is UFLEX 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 UFLEX's stock expected returns. We can calculate the autocorrelation of UFLEX returns to help us make a trade decision. For example, suppose you find that UFLEX 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 |
UFLEX 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 UFLEX stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if UFLEX stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in UFLEX stock over time.
Current vs Lagged Prices |
| Timeline |
UFLEX Lagged Returns
When evaluating UFLEX's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of UFLEX stock have on its future price. UFLEX 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, UFLEX autocorrelation shows the relationship between UFLEX stock current value and its past values and can show if there is a momentum factor associated with investing in UFLEX 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 UFLEX Stock
UFLEX financial ratios help investors to determine whether UFLEX 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 UFLEX with respect to the benefits of owning UFLEX security.