Union Petrochemical (Thailand) Technical Analysis
| UKEM Stock | THB 0.81 0.03 3.85% |
As of the 24th of April, Union Petrochemical has the Risk Adjusted Performance of 0.0215, coefficient of variation of 4634.79, and Semi Deviation of 2.57. In relation to fundamental indicators, the technical analysis model makes it possible for you to check existing technical drivers of Union Petrochemical, as well as the relationship between them. In other words, you can use this information to find out if the company will indeed mirror its model of past prices and volume data, or the prices will eventually revert. We were able to interpolate nineteen technical drivers for Union Petrochemical Public, which can be compared to its competition. Please validate Union Petrochemical standard deviation, information ratio, treynor ratio, as well as the relationship between the variance and jensen alpha to decide if Union Petrochemical is priced more or less accurately, providing market reflects its prevalent price of 0.81 per share.
Union Petrochemical Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Union, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to UnionUnion |
Union Petrochemical 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.
Union Petrochemical Technical Analysis
The output start index for this execution was twenty-four with a total number of output elements of thirty-seven. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Union Petrochemical volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Union Petrochemical Trend Analysis
Use this graph to draw trend lines for Union Petrochemical Public. You can use it to identify possible trend reversals for Union Petrochemical as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Union Petrochemical price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Union Petrochemical Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Union Petrochemical Public applied against its price change over selected period. The best fit line has a slop of 0.0006 , which means Union Petrochemical Public will continue generating value for investors. It has 122 observation points and a regression sum of squares at 0.01, which is the sum of squared deviations for the predicted Union Petrochemical price change compared to its average price change.About Union Petrochemical Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Union Petrochemical Public on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Union Petrochemical Public based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Union Petrochemical price pattern first instead of the macroeconomic environment surrounding Union Petrochemical. By analyzing Union Petrochemical's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Union Petrochemical's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Union Petrochemical specific price patterns or momentum indicators. Please read more on our technical analysis page.
Union Petrochemical April 24, 2024 Technical Indicators
Most technical analysis of Union help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Union from various momentum indicators to cycle indicators. When you analyze Union charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.0215 | |||
| Market Risk Adjusted Performance | (0.05) | |||
| Mean Deviation | 1.84 | |||
| Semi Deviation | 2.57 | |||
| Downside Deviation | 3.51 | |||
| Coefficient Of Variation | 4634.79 | |||
| Standard Deviation | 3.12 | |||
| Variance | 9.72 | |||
| Information Ratio | (0.01) | |||
| Jensen Alpha | 0.1377 | |||
| Total Risk Alpha | (0.37) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | (0.06) | |||
| Maximum Drawdown | 24.27 | |||
| Value At Risk | (3.66) | |||
| Potential Upside | 2.53 | |||
| Downside Variance | 12.29 | |||
| Semi Variance | 6.6 | |||
| Expected Short fall | (2.36) | |||
| Skewness | 1.53 | |||
| Kurtosis | 11.54 |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Union Petrochemical Public. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as various price indices. You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
Complementary Tools for Union Stock analysis
When running Union Petrochemical's price analysis, check to measure Union Petrochemical'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 Union Petrochemical is operating at the current time. Most of Union Petrochemical's value examination focuses on studying past and present price action to predict the probability of Union Petrochemical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Union Petrochemical's price. Additionally, you may evaluate how the addition of Union Petrochemical to your portfolios can decrease your overall portfolio volatility.
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