Union Bank (India) Backtesting

UNIONBANK -- India Stock  

INR 78.55  1.50  1.95%

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

Union Bank 'What if' Analysis

May 16, 2019
No Change 0.00  0.0%
In 2 months and 2 days
July 15, 2019
If you would invest  0.00  in Union Bank on May 16, 2019 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, HDFC Bank, State Bank, STATE BANK, ICICI Bank, Kotak Mahindra, and Kotak Mahindra. Union Bank of India provides various banking products and services

Union Bank Upside/Downside Indicators

Information Ratio(0.14)
Maximum Drawdown14.45
Value At Risk(7.68)
Potential Upside4.45

Union Bank Market Premium Indicators

Risk Adjusted Performance(0.07)
Jensen Alpha(0.32)
Total Risk Alpha(0.84)
Treynor Ratio1.89

Union Bank Backtested Returns

Macroaxis considers Union Bank not too volatile given 2 months investment horizon. Union Bank owns Efficiency Ratio (i.e. Sharpe Ratio) of 0.2349 which indicates the firm had 0.2349% of return per unit of risk over the last 2 months. Our philosophy towards measuring volatility of a stock is to use all available market data together with stock specific technical indicators that cannot be diversified away. By inspecting Union Bank technical indicators you can presently evaluate if the expected return of 0.6318% is justified by implied risk. Please operate Union Bank Risk Adjusted Performance of (0.07) and Coefficient Of Variation of (949.35) to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100 Union Bank holds performance score of 15. The entity has beta of -0.1812 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. Although it is vital to follow to Union Bank current price movements, it is good to be conservative about what you can actually do with the information regarding equity historical returns. The philosophy towards measuring future performance of any stock is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators. We have found twenty-one technical indicators for Union Bank of India which you can use to evaluate performance of the company. Please operates Union Bank Coefficient Of Variation, Treynor Ratio as well as the relationship between Treynor Ratio and Semi Variance to make a quick decision on weather Union Bank existing price patterns will revert.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.64 
correlation synergy

Good predictability

Union Bank of India has good predictability. Overlapping area represents the amount of predictability between Union Bank time series from May 16, 2019 to June 15, 2019 and June 15, 2019 to July 15, 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 0.64 indicates that roughly 64.0% of current Union Bank price fluctuation can be explain by its past prices.
Correlation Coefficient0.64
Spearman Rank Test0.6
Residual Average0.0
Price Variance0.98

Union Bank lagged returns against current returns

 Current and Lagged Values 

Union Bank regressed lagged prices vs. current prices

 Current vs Lagged Prices 

Union Bank Lagged Returns

 Regressed Prices 

Current Sentiment - UNIONBANK

Union Bank Investor Sentiment

Most of Macroaxis users are at this time bullish on Union Bank of India. What is your outlook on investing in Union Bank of India? Are you bullish or bearish?
98% Bullish
2% Bearish

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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 Financial Widgets module to easily integrated macroaxis content with over 30 different plug-and-play financial widgets.
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