Unitech (India) Market Value
| UNITECH Stock | 6.89 0.31 4.31% |
| Symbol | Unitech |
Unitech '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 Unitech'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 Unitech.
| 01/28/2025 |
| 02/27/2025 |
If you would invest 0.00 in Unitech on January 28, 2025 and sell it all today you would earn a total of 0.00 from holding Unitech Limited or generate 0.0% return on investment in Unitech over 30 days. Unitech is related to or competes with IOL Chemicals, Cholamandalam Investment, BF Investment, Vishnu Chemicals, Industrial Investment, Tata Investment, and Bajaj Holdings. Unitech is entity of India. It is traded as Stock on NSE exchange. More
Unitech 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 Unitech'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 Unitech Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 10.47 | |||
| Value At Risk | (5.02) | |||
| Potential Upside | 4.96 |
Unitech Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Unitech's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Unitech's standard deviation. In reality, there are many statistical measures that can use Unitech historical prices to predict the future Unitech's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.34) | |||
| Total Risk Alpha | (0.32) | |||
| Treynor Ratio | (0.58) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Unitech'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.
Unitech Limited Backtested Returns
Unitech Limited owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.13, which indicates the firm had a -0.13 % return per unit of risk over the last 3 months. Unitech Limited exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Unitech's Variance of 9.18, coefficient of variation of (908.49), and Risk Adjusted Performance of (0.07) to confirm the risk estimate we provide. The entity has a beta of 0.59, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Unitech's returns are expected to increase less than the market. However, during the bear market, the loss of holding Unitech is expected to be smaller as well. At this point, Unitech Limited has a negative expected return of -0.39%. Please make sure to validate Unitech's accumulation distribution, and the relationship between the value at risk and day typical price , to decide if Unitech Limited performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.15 |
Insignificant predictability
Unitech Limited has insignificant predictability. Overlapping area represents the amount of predictability between Unitech time series from 28th of January 2025 to 12th of February 2025 and 12th of February 2025 to 27th of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Unitech Limited price movement. The serial correlation of 0.15 indicates that less than 15.0% of current Unitech price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.15 | |
| Spearman Rank Test | 0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 0.36 |
Unitech Limited lagged returns against current returns
Autocorrelation, which is Unitech 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 Unitech's stock expected returns. We can calculate the autocorrelation of Unitech returns to help us make a trade decision. For example, suppose you find that Unitech 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 |
Unitech 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 Unitech stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Unitech stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Unitech stock over time.
Current vs Lagged Prices |
| Timeline |
Unitech Lagged Returns
When evaluating Unitech's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Unitech stock have on its future price. Unitech 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, Unitech autocorrelation shows the relationship between Unitech stock current value and its past values and can show if there is a momentum factor associated with investing in Unitech 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 Unitech Stock
Unitech financial ratios help investors to determine whether Unitech 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 Unitech with respect to the benefits of owning Unitech security.