UPL (India) Market Value
| UPL Stock | 504.50 13.85 2.67% |
| Symbol | UPL |
UPL '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 UPL'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 UPL.
| 11/22/2024 |
| 12/22/2024 |
If you would invest 0.00 in UPL on November 22, 2024 and sell it all today you would earn a total of 0.00 from holding UPL Limited or generate 0.0% return on investment in UPL over 30 days. UPL is related to or competes with NMDC, Steel Authority, Embassy Office, Gujarat Narmada, Gujarat Alkalies, Indian Metals, and JTL Industries. UPL is entity of India. It is traded as Stock on NSE exchange. More
UPL 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 UPL'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 UPL Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 9.78 | |||
| Value At Risk | (2.67) | |||
| Potential Upside | 2.02 |
UPL Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for UPL's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as UPL's standard deviation. In reality, there are many statistical measures that can use UPL historical prices to predict the future UPL's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.27) | |||
| Total Risk Alpha | (0.32) | |||
| Treynor Ratio | (3.06) |
UPL Limited Backtested Returns
UPL Limited owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.13, which indicates the firm had a -0.13% return per unit of standard deviation over the last 3 months. UPL Limited exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate UPL's variance of 3.06, and Risk Adjusted Performance of (0.11) to confirm the risk estimate we provide. The entity has a beta of 0.0883, which indicates not very significant fluctuations relative to the market. As returns on the market increase, UPL's returns are expected to increase less than the market. However, during the bear market, the loss of holding UPL is expected to be smaller as well. At this point, UPL Limited has a negative expected return of -0.24%. Please make sure to validate UPL's kurtosis, and the relationship between the value at risk and rate of daily change , to decide if UPL Limited performance from the past will be repeated at some future point.
Auto-correlation | -0.81 |
Excellent reverse predictability
UPL Limited has excellent reverse predictability. Overlapping area represents the amount of predictability between UPL time series from 22nd of November 2024 to 7th of December 2024 and 7th of December 2024 to 22nd 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 UPL Limited price movement. The serial correlation of -0.81 indicates that around 81.0% of current UPL price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.81 | |
| Spearman Rank Test | -0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 328.86 |
UPL Limited lagged returns against current returns
Autocorrelation, which is UPL 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 UPL's stock expected returns. We can calculate the autocorrelation of UPL returns to help us make a trade decision. For example, suppose you find that UPL 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 |
UPL 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 UPL stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if UPL stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in UPL stock over time.
Current vs Lagged Prices |
| Timeline |
UPL Lagged Returns
When evaluating UPL's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of UPL stock have on its future price. UPL 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, UPL autocorrelation shows the relationship between UPL stock current value and its past values and can show if there is a momentum factor associated with investing in UPL 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.Other Information on Investing in UPL Stock
UPL financial ratios help investors to determine whether UPL 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 UPL with respect to the benefits of owning UPL security.