United Spirits (India) Market Value
| UNITDSPR | 1,517 3.30 0.22% |
| Symbol | United |
United Spirits '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 United Spirits' 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 United Spirits.
| 09/12/2024 |
| 12/11/2024 |
If you would invest 0.00 in United Spirits on September 12, 2024 and sell it all today you would earn a total of 0.00 from holding United Spirits Limited or generate 0.0% return on investment in United Spirits over 90 days. United Spirits is related to or competes with Allied Blenders, Kingfa Science, Rico Auto, GACM Technologies, COSMO FIRST, Delta Manufacturing, and Tribhovandas Bhimji. United Spirits is entity of India. It is traded as Stock on NSE exchange. More
United Spirits 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 United Spirits' 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 United Spirits Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.37 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 6.36 | |||
| Value At Risk | (1.97) | |||
| Potential Upside | 1.97 |
United Spirits Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for United Spirits' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as United Spirits' standard deviation. In reality, there are many statistical measures that can use United Spirits historical prices to predict the future United Spirits' volatility.| Risk Adjusted Performance | 0.0383 | |||
| Jensen Alpha | 0.0504 | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 7.11 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of United Spirits' 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.
United Spirits Backtested Returns
United Spirits owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0038, which indicates the firm had a -0.0038% return per unit of risk over the last 3 months. United Spirits Limited exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate United Spirits' Risk Adjusted Performance of 0.0383, semi deviation of 1.27, and Coefficient Of Variation of 2136.48 to confirm the risk estimate we provide. The entity has a beta of 0.0072, which indicates not very significant fluctuations relative to the market. As returns on the market increase, United Spirits' returns are expected to increase less than the market. However, during the bear market, the loss of holding United Spirits is expected to be smaller as well. At this point, United Spirits has a negative expected return of -0.0049%. Please make sure to validate United Spirits' sortino ratio, skewness, period momentum indicator, as well as the relationship between the potential upside and rate of daily change , to decide if United Spirits performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.64 |
Very good reverse predictability
United Spirits Limited has very good reverse predictability. Overlapping area represents the amount of predictability between United Spirits time series from 12th of September 2024 to 27th of October 2024 and 27th of October 2024 to 11th 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 United Spirits price movement. The serial correlation of -0.64 indicates that roughly 64.0% of current United Spirits price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.64 | |
| Spearman Rank Test | -0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 1187.33 |
United Spirits lagged returns against current returns
Autocorrelation, which is United Spirits 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 United Spirits' stock expected returns. We can calculate the autocorrelation of United Spirits returns to help us make a trade decision. For example, suppose you find that United Spirits 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 |
United Spirits 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 United Spirits stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if United Spirits stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in United Spirits stock over time.
Current vs Lagged Prices |
| Timeline |
United Spirits Lagged Returns
When evaluating United Spirits' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of United Spirits stock have on its future price. United Spirits 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, United Spirits autocorrelation shows the relationship between United Spirits stock current value and its past values and can show if there is a momentum factor associated with investing in United Spirits Limited.
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 United Stock Analysis
When running United Spirits' price analysis, check to measure United Spirits' 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 United Spirits is operating at the current time. Most of United Spirits' value examination focuses on studying past and present price action to predict the probability of United Spirits' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move United Spirits' price. Additionally, you may evaluate how the addition of United Spirits to your portfolios can decrease your overall portfolio volatility.