Macroaxis considers Union Bank not too risky given 2 months investment horizon. Union Bank owns Efficiency Ratio (i.e. Sharpe Ratio) of 0.2152 which indicates Union Bank had 0.2152% 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 0.5117% is justified by implied risk. Please operate Union Bank Semi Deviation of 1.61, Coefficient Of Variation of 308.17 and Risk Adjusted Performance of 0.6407 to confirm if our risk estimates are consistent with your expectations.
|Horizon||30 Days Login to change|
Union Bank Market Sensitivity
|As returns on market increase, Union Bank returns are expected to increase less than the market. However during bear market, the loss on holding Union Bank will be expected to be smaller as well. 2 Months Beta |Analyze Union Bank Demand TrendCheck current 30 days Union Bank correlation with market (DOW)|
β = 0.0495
Union Bank Central Daily Price Deviation
Union Bank Technical Analysis
Union Bank Projected Return Density Against MarketAssuming 30 trading days horizon, Union Bank has beta of 0.0495 . This entails as returns on market go up, Union Bank average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Union Bank of India will be expected to be much smaller as well. Moreover, Union Bank of India has an alpha of 0.9206 implying that it can potentially generate 0.9206% excess return over DOW after adjusting for the inherited market risk (beta).
Predicted Return Density
Assuming 30 trading days horizon, the coefficient of variation of Union Bank is 464.75. The daily returns are destributed with a variance of 5.65 and standard deviation of 2.38. The mean deviation of Union Bank of India is currently at 1.78. For similar time horizon, the selected benchmark (DOW) has volatility of 1.97
|Alpha over DOW||=||0.92|
|Beta against DOW||=||0.0495|
Union Bank Return VolatilityUnion Bank of India accepts 2.378% volatility on return distribution over the 30 days horizon. DOW inherits 2.0388% risk (volatility on return distribution) over the 30 days horizon.
Union Bank of India has a volatility of 2.38 and is 1.17 times more volatile than DOW. 21% 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 21 (%) of all global equities and portfolios over the last 30 days. Use Union Bank of India to enhance returns of your portfolios. The stock experiences moderate upward volatility. Check odds of Union Bank to be traded at 102.03 in 30 days. . As returns on market increase, Union Bank returns are expected to increase less than the market. However during bear market, the loss on holding Union Bank will be expected to be smaller as well.
Union Bank correlation with market