|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.One Month Beta |Analyze Union Bank of Demand TrendCheck current 30 days Union Bank correlation with market (DOW)|
β = 0.3838
Union Bank Central Price Deviations
Union Bank of Technical Analysis
Union Bank Projected Return Density Against MarketAssuming 30 trading days horizon, Union Bank has beta of 0.3838 . 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 0.9204 implying that it can potentially generate 0.9204% excess return over DOW after adjusting for the inherited market risk (beta).
Union Bank Return VolatilityUnion Bank of India accepts 3.8219% volatility on return distribution over the 30 days horizon. DOW inherits 1.2425% risk (volatility on return distribution) over the 30 days horizon.