Union Bank (India) Backtesting

UNIONBANK -- India Stock  

INR 71.55  0.05  0.07%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of Union Bank of India and determine expected loss or profit from investing in Union Bank over given investment horizon. Also please take a look at Union Bank Hype Analysis, Union Bank Correlation, Union Bank Valuation, Union Bank Volatility as well as analyze Union Bank Alpha and Beta and Union Bank Performance.
Horizon     30 Days    Login   to change
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Backtest

Union Bank 'What if' Analysis

December 25, 2018
0.00
No Change 0.00  0.0%
In 2 months and 2 days
February 23, 2019
0.00
If you would invest  0.00  in Union Bank on December 25, 2018 and sell it all today you would earn a total of 0.00 from holding Union Bank of India or generate 0.0% return on investment in Union Bank over 60 days. Union Bank is related to or competes with HDFC Bank, STATE BANK, Kotak Mahindra, Kotak Mahindra, State Bank, ICICI Bank, and Axis Bank. Union Bank of India provides various banking and financial services in India

Union Bank Upside/Downside Indicators

Information Ratio(0.10)
Maximum Drawdown13.95
Value At Risk(3.69)
Potential Upside3.34
  

Union Bank Market Premium Indicators

Risk Adjusted Performance(0.013824)
Jensen Alpha(0.025744)
Total Risk Alpha(0.42)
Treynor Ratio0.7524

Union Bank Backtested Returns

Macroaxis considers Union Bank to be not too volatile. Union Bank owns Efficiency Ratio (i.e. Sharpe Ratio) of -0.1445 which indicates the firm had -0.1445% of return per unit of risk over the last 2 months. Macroaxis philosophy towards measuring risk of any stock is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. Union Bank of India exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to validate Union Bank Risk Adjusted Performance of (0.013824) and Coefficient Of Variation of (9,949) to confirm risk estimate we provide. The entity has beta of -0.0501 which indicates as returns on market increase, returns on owning Union Bank are expected to decrease at a much smaller rate. During bear market, Union Bank is likely to outperform the market. Even though it is essential to pay attention to Union Bank current price movements, it is always good to be careful when utilizing equity historical returns. Macroaxis philosophy towards measuring future performance of any stock is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Union Bank of India exposes twenty-one different technical indicators which can help you to evaluate its performance. Union Bank has expected return of -0.4154%. Please be advised to validate Union Bank Coefficient Of Variation, Treynor Ratio as well as the relationship between Treynor Ratio and Semi Variance to decide if Union Bank past performance will be repeated at some point in the near future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.34) 
correlation synergy

Poor reverse predictability

Union Bank of India has poor reverse predictability. Overlapping area represents the amount of predictability between Union Bank time series from December 25, 2018 to January 24, 2019 and January 24, 2019 to February 23, 2019. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Union Bank price movement. The serial correlation of -0.34 indicates that nearly 34.0% of current Union Bank price fluctuation can be explain by its past prices. Given that Union Bank of India has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Union Bank for similar time interval.
Correlation Coefficient-0.34
Spearman Rank Test-0.35
Residual Average0.0
Price Variance26.51

Union Bank lagged returns against current returns

 Current and Lagged Values 
      Timeline 

Union Bank regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

Union Bank Lagged Returns

 Regressed Prices 
      Timeline 

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Also please take a look at Union Bank Hype Analysis, Union Bank Correlation, Union Bank Valuation, Union Bank Volatility as well as analyze Union Bank Alpha and Beta and Union Bank Performance. Please also try Cryptocurrency Correlation module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins and exchanges.
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