|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 TrendCheck current 30 days Union Bank correlation with market (DOW)|
β = -2.5342
Union Bank of Technical Analysis
Union Bank Projected Return Density Against MarketAssuming 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
Union Bank Return VolatilityUnion 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.