Union Bank's market value is the price at which a share of Union Bank trades on a public exchange. It measures the collective expectations of Union Bank of investors about its performance. Union Bank is trading at 108.06 as of the 10th of January 2025, a 2.75% down since the beginning of the trading day. The stock's open price was 111.12. With this module, you can estimate the performance of a buy and hold strategy of Union Bank of and determine expected loss or profit from investing in Union Bank over a given investment horizon. Check out Union Bank Correlation, Union Bank Volatility and Union Bank Alpha and Beta module to complement your research on Union Bank.
Please note, there is a significant difference between Union Bank's value and its price as these two are different measures arrived at by different means. Investors typically determine if Union Bank is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Union Bank's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Union Bank 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Union Bank's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Union Bank.
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Union Bank's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Union Bank of upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Union Bank's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Union Bank's standard deviation. In reality, there are many statistical measures that can use Union Bank historical prices to predict the future Union Bank's volatility.
Union Bank owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0344, which indicates the firm had a -0.0344% return per unit of risk over the last 3 months. Union Bank of exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Union Bank's Variance of 3.82, coefficient of variation of (2,356), and Risk Adjusted Performance of (0.03) to confirm the risk estimate we provide. The entity has a beta of 0.26, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Union Bank's returns are expected to increase less than the market. However, during the bear market, the loss of holding Union Bank is expected to be smaller as well. At this point, Union Bank has a negative expected return of -0.0687%. Please make sure to validate Union Bank's potential upside, as well as the relationship between the rate of daily change and relative strength index , to decide if Union Bank performance from the past will be repeated at some point in the near future.
Auto-correlation
0.70
Good predictability
Union Bank of has good predictability. Overlapping area represents the amount of predictability between Union Bank time series from 11th of December 2024 to 26th of December 2024 and 26th of December 2024 to 10th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Union Bank price movement. The serial correlation of 0.7 indicates that around 70.0% of current Union Bank price fluctuation can be explain by its past prices.
Correlation Coefficient
0.7
Spearman Rank Test
0.64
Residual Average
0.0
Price Variance
22.63
Union Bank lagged returns against current returns
Autocorrelation, which is Union Bank stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Union Bank's stock expected returns. We can calculate the autocorrelation of Union Bank returns to help us make a trade decision. For example, suppose you find that Union Bank has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values
Timeline
Union Bank regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Union Bank stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Union Bank stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Union Bank stock over time.
Current vs Lagged Prices
Timeline
Union Bank Lagged Returns
When evaluating Union Bank's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Union Bank stock have on its future price. Union Bank autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Union Bank autocorrelation shows the relationship between Union Bank stock current value and its past values and can show if there is a momentum factor associated with investing in Union Bank of.
Regressed Prices
Timeline
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Union Bank financial ratios help investors to determine whether Union Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Union with respect to the benefits of owning Union Bank security.