United Palm (Thailand) Market Value
| UPOIC Stock | THB 6.50 0.30 4.84% |
| Symbol | United |
United Palm '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 Palm'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 United Palm.
| 02/20/2024 |
| 05/20/2024 |
If you would invest 0.00 in United Palm on February 20, 2024 and sell it all today you would earn a total of 0.00 from holding United Palm Oil or generate 0.0% return on investment in United Palm over 90 days. United Palm is related to or competes with Univanich Palm, Chumporn Palm, Lam Soon, United Paper, and Thai Vegetable. United Palm Oil Industry Public Company Limited manufactures and sells crude palm oil and palm kernel oil in Thailand More
United Palm 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 Palm'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 United Palm Oil upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.41 | |||
| Information Ratio | 0.042 | |||
| Maximum Drawdown | 7.85 | |||
| Value At Risk | (1.59) | |||
| Potential Upside | 3.25 |
United Palm Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for United Palm's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as United Palm's standard deviation. In reality, there are many statistical measures that can use United Palm historical prices to predict the future United Palm's volatility.| Risk Adjusted Performance | 0.0739 | |||
| Jensen Alpha | 0.1155 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | 0.0397 | |||
| Treynor Ratio | 0.4355 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of United Palm'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.
United Palm Oil Backtested Returns
We consider United Palm not too volatile. United Palm Oil owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.12, which indicates the firm had a 0.12% return per unit of risk over the last 3 months. We have found thirty technical indicators for United Palm Oil, which you can use to evaluate the volatility of the company. Please validate United Palm's Coefficient Of Variation of 858.0, semi deviation of 0.6283, and Risk Adjusted Performance of 0.0739 to confirm if the risk estimate we provide is consistent with the expected return of 0.16%. United Palm has a performance score of 9 on a scale of 0 to 100. The entity has a beta of 0.33, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, United Palm's returns are expected to increase less than the market. However, during the bear market, the loss of holding United Palm is expected to be smaller as well. United Palm Oil right now has a risk of 1.33%. Please validate United Palm total risk alpha, downside variance, daily balance of power, as well as the relationship between the maximum drawdown and skewness , to decide if United Palm will be following its existing price patterns.
Auto-correlation | 0.53 |
Modest predictability
United Palm Oil has modest predictability. Overlapping area represents the amount of predictability between United Palm time series from 20th of February 2024 to 5th of April 2024 and 5th of April 2024 to 20th 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 United Palm Oil price movement. The serial correlation of 0.53 indicates that about 53.0% of current United Palm price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.53 | |
| Spearman Rank Test | 0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
United Palm Oil lagged returns against current returns
Autocorrelation, which is United Palm 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 Palm's stock expected returns. We can calculate the autocorrelation of United Palm returns to help us make a trade decision. For example, suppose you find that United Palm 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 Palm 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 Palm stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if United Palm stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in United Palm stock over time.
Current vs Lagged Prices |
| Timeline |
United Palm Lagged Returns
When evaluating United Palm's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of United Palm stock have on its future price. United Palm 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 Palm autocorrelation shows the relationship between United Palm stock current value and its past values and can show if there is a momentum factor associated with investing in United Palm Oil.
Regressed Prices |
| Timeline |
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Align your risk with return expectations
Check out United Palm Correlation, United Palm Volatility and United Palm Alpha and Beta module to complement your research on United Palm. Note that the United Palm Oil information on this page should be used as a complementary analysis to other United Palm's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
Complementary Tools for United Stock analysis
When running United Palm's price analysis, check to measure United Palm'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 United Palm is operating at the current time. Most of United Palm's value examination focuses on studying past and present price action to predict the probability of United Palm's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move United Palm's price. Additionally, you may evaluate how the addition of United Palm to your portfolios can decrease your overall portfolio volatility.
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United Palm 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.