Union Bank (India) Risk Analysis And Volatility

UNIONBANK -- India Stock  

INR 73.80  3.30  4.68%

Macroaxis considers Union Bank to be unknown risk. Union Bank owns Efficiency Ratio (i.e. Sharpe Ratio) of -0.2138 which indicates the firm had -0.2138% 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 (0.013447) and Coefficient Of Variation of (3,603) to confirm risk estimate we provide.

60 Days Market Risk

Unknown risk

Chance of Distress in 24 months

Unknown Odds

60 Days Economic Sensitivity

Insignificant
Horizon     30 Days    Login   to change

Union Bank Market Sensitivity

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.
2 Months Beta |Analyze Union Bank Demand Trend
Check current 30 days Union Bank correlation with market (DOW)
β = -0.5074

Union Bank Central Daily Price Deviation

Union Bank Technical Analysis

Transformation
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Union Bank Projected Return Density Against Market

Assuming 30 trading days horizon, Union Bank of India has beta of -0.5074 . This entails as returns on benchmark increase, returns on holding Union Bank are expected to decrease at a much smaller rate. During bear market, however, Union Bank of India is likely to outperform the market. Additionally, The company has a negative alpha implying that the risk taken by holding this equity is not justified. Union Bank is significantly underperforming DOW.
 Predicted Return Density 
      Returns 
Assuming 30 trading days horizon, the coefficient of variation of Union Bank is -467.72. The daily returns are destributed with a variance of 10.52 and standard deviation of 3.24. The mean deviation of Union Bank of India is currently at 2.27. For similar time horizon, the selected benchmark (DOW) has volatility of 0.76
α
Alpha over DOW
=0.11
β
Beta against DOW=0.51
σ
Overall volatility
=3.24
Ir
Information ratio =0.02

Union Bank Return Volatility

the company accepts 3.2427% volatility on return distribution over the 30 days horizon. the entity inherits 0.7732% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

Union Bank Investment Opportunity

Union Bank of India has a volatility of 3.24 and is 4.21 times more volatile than DOW. 28% 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 28 (%) 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 very speculative upward sentiment. . Check odds of Union Bank to be traded at 92.25 in 30 days. . 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.

Union Bank correlation with market

correlation synergy
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 Current Risk Indicators

Union Bank Suggested Diversification Pairs

Also please take a look at World Market Map. Please also try Piotroski F Score module to get piotroski f score based on binary analysis strategy of nine different fundamentals.
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