Ultrapar Participaes (Brazil) Technical Analysis
| UGPA3 Stock | BRL 26.55 0.24 0.90% |
As of the 19th of April, Ultrapar Participaes has the Coefficient Of Variation of (1,897), risk adjusted performance of (0.03), and Variance of 1.97. In relation to fundamental indicators, the technical analysis model makes it possible for you to check existing technical drivers of Ultrapar Participaes, 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 analyze thirteen technical drivers for Ultrapar Participaes SA, which can be compared to its competition. Please validate Ultrapar Participaes mean deviation, standard deviation, information ratio, as well as the relationship between the coefficient of variation and variance to decide if Ultrapar Participaes is priced more or less accurately, providing market reflects its prevalent price of 26.55 per share.
Ultrapar Participaes Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Ultrapar, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to UltraparUltrapar |
Ultrapar Participaes 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.
Ultrapar Participaes Technical Analysis
The output start index for this execution was three with a total number of output elements of fifty-eight. 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 Ultrapar Participaes volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Ultrapar Participaes Trend Analysis
Use this graph to draw trend lines for Ultrapar Participaes SA. You can use it to identify possible trend reversals for Ultrapar Participaes 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 Ultrapar Participaes price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Ultrapar Participaes Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Ultrapar Participaes SA applied against its price change over selected period. The best fit line has a slop of 0.03 , which may suggest that Ultrapar Participaes SA market price will keep on failing further. It has 122 observation points and a regression sum of squares at 28.23, which is the sum of squared deviations for the predicted Ultrapar Participaes price change compared to its average price change.About Ultrapar Participaes 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 Ultrapar Participaes SA 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 Ultrapar Participaes SA based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Ultrapar Participaes price pattern first instead of the macroeconomic environment surrounding Ultrapar Participaes. By analyzing Ultrapar Participaes'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 Ultrapar Participaes'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 Ultrapar Participaes specific price patterns or momentum indicators. Please read more on our technical analysis page.
Ultrapar Participaes April 19, 2024 Technical Indicators
Most technical analysis of Ultrapar 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 Ultrapar from various momentum indicators to cycle indicators. When you analyze Ultrapar 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 | (0.03) | |||
| Market Risk Adjusted Performance | (0.07) | |||
| Mean Deviation | 1.08 | |||
| Coefficient Of Variation | (1,897) | |||
| Standard Deviation | 1.4 | |||
| Variance | 1.97 | |||
| Information Ratio | (0.10) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.22) | |||
| Treynor Ratio | (0.08) | |||
| Maximum Drawdown | 6.24 | |||
| Value At Risk | (2.88) | |||
| Potential Upside | 2.12 | |||
| Skewness | (0.45) | |||
| Kurtosis | 0.1934 |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Ultrapar Participaes SA. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. Note that the Ultrapar Participaes information on this page should be used as a complementary analysis to other Ultrapar Participaes' 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 Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for Ultrapar Stock analysis
When running Ultrapar Participaes' price analysis, check to measure Ultrapar Participaes' 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 Ultrapar Participaes is operating at the current time. Most of Ultrapar Participaes' value examination focuses on studying past and present price action to predict the probability of Ultrapar Participaes' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ultrapar Participaes' price. Additionally, you may evaluate how the addition of Ultrapar Participaes to your portfolios can decrease your overall portfolio volatility.
| Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators | |
| Global Correlations Find global opportunities by holding instruments from different markets | |
| Fundamental Analysis View fundamental data based on most recent published financial statements | |
| Equity Valuation Check real value of public entities based on technical and fundamental data | |
| Funds Screener Find actively-traded funds from around the world traded on over 30 global exchanges | |
| Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios | |
| Top Crypto Exchanges Search and analyze digital assets across top global cryptocurrency exchanges |