Union Bank (India) Risk Analysis And Volatility Evaluation

UNIONBANK -- India Stock  

INR 69.45  4.90  6.59%

Macroaxis considers Union Bank to be not too volatile. Union Bank of owns Efficiency Ratio (i.e. Sharpe Ratio) of -0.4543 which indicates Union Bank of had -0.4543% 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 322.97 and Risk Adjusted Performance of 0.14 to confirm risk estimate we provide.
Horizon     30 Days    Login   to change

Union Bank Market Sensitivity

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.
One Month Beta |Analyze Union Bank of Demand Trend
Check current 30 days Union Bank correlation with market (DOW)
β = -2.5342
Union Bank Large Negative BetaUnion Bank of Beta Legend

Union Bank of Technical Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of seventeen. Union Bank of Average Price is the average of the sum of open, high, low and close daily prices of a bar. It can be used to smooth an indicator that normally takes just the closing price as input. View also all equity analysis or get more info about average price price transform indicator.

Union Bank Projected Return Density Against Market

Assuming 30 trading days horizon, Union Bank of India has beta of -2.5342 . This entails as returns on its benchmark rise, returns on holding Union Bank of India are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, Union Bank is expected to outperform its benchmark. Additionally, Union Bank of India has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
 Predicted Return Density 
      Returns 
Assuming 30 trading days horizon, the coefficient of variation of Union Bank is -220.12. The daily returns are destributed with a variance of 7.42 and standard deviation of 2.72. The mean deviation of Union Bank of India is currently at 2.08. For similar time horizon, the selected benchmark (DOW) has volatility of 0.48
α
Alpha over DOW
=0.4
β
Beta against DOW=2.53
σ
Overall volatility
=2.72
Ir
Information ratio =0.37

Union Bank Return Volatility

Union Bank of India accepts 2.7249% volatility on return distribution over the 30 days horizon. DOW inherits 0.4541% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

Market Risk Breakdown

Union Bank Volatility Factors

30 Days Market Risk

Not too volatile

Chance of Distress in 24 months

Below average

30 Days Economic Sensitivity

Completely opposite to market

Investment Outlook

Union Bank Investment Opportunity

Union Bank of India has a volatility of 2.72 and is 6.04 times more volatile than DOW. 24% of all equities and portfolios are less risky than Union Bank. Compared to the overall equity markets, volatility of historical daily returns of Union Bank of India is lower than 24 (%) of all global equities and portfolios over the last 30 days. Use Union Bank of India to protect against small markets fluctuations. The stock experiences very speculative upward sentiment.. Check odds of Union Bank to be traded at 65.98 in 30 days. 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.

Union Bank correlation with market

Very good diversification
Overlapping area represents the amount of risk that can be diversified away by holding Union Bank of India and equity matching DJI index in the same portfolio.

Union Bank Volatility Indicators

Union Bank of India Current Risk Indicators

Also please take a look at World Market Map. Please also try Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
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