Union Bank (India) Backtesting

UNIONBANK -- India Stock  

INR 77.40  1.05  1.34%

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

August 22, 2018
0.00
No Change 0.00  0.0%
In 31 days
September 21, 2018
0.00
If you would invest  0.00  in Union Bank on August 22, 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 30 days. Union Bank is related to or competes with ICICI Bank, IndusInd Bank, Yes Bank, Federal Bank, City Union, Vijaya Bank, and DCB Bank. Union Bank of India provides various banking and financial services in India

Union Bank Upside/Downside Indicators

Information Ratio0.25
Maximum Drawdown12.69
Value At Risk5.20
Potential Upside3.64
  

Union Bank Market Premium Indicators

Risk Adjusted Performance0.08
Jensen Alpha0.14
Total Risk Alpha1.67
Treynor Ratio0.2169

Union Bank of Backtested Returns

Macroaxis considers Union Bank to be not too volatile. Union Bank of owns Efficiency Ratio (i.e. Sharpe Ratio) of -0.1967 which indicates Union Bank of had -0.1967% of return per unit of risk over the last 1 month. 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 Coefficient Of Variation of 527.57 and Risk Adjusted Performance of 0.08 to confirm risk estimate we provide. Macroaxis gives Union Bank performance score of 0 on a scale of 0 to 100. The entity has beta of -2.6675 which indicates as returns on market increase, returns on owning Union Bank are expected to decrease by larger amounts. On the other hand, during market turmoil, Union Bank is expected to significantly outperform it.. Even though it is essential to pay attention to Union Bank of 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 of has expected return of -0.6037%. 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 of past performance will be repeated at some point in the near future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.41 

Average predictability

Union Bank of India has average predictability. Overlapping area represents the amount of predictability between Union Bank time series from August 22, 2018 to September 6, 2018 and September 6, 2018 to September 21, 2018. 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 of price movement. The serial correlation of 0.41 indicates that just about 41.0% of current Union Bank price fluctuation can be explain by its past prices.
Correlation Coefficient0.41
Spearman Rank Test0.56
Residual Average0.0
Price Variance7.63

Union Bank of 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 

Current Sentiment - UNIONBANK

Union Bank of 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?
Bullish
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 Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
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