UCO Bank Correlations

UCOBANK Stock   38.06  0.52  1.35%   
The current 90-days correlation between UCO Bank and V2 Retail Limited is 0.07 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as UCO Bank moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if UCO Bank moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

UCO Bank Correlation With Market

Average diversification

The correlation between UCO Bank and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding UCO Bank and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to UCO Bank could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace UCO Bank when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back UCO Bank - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling UCO Bank to buy it.

Moving together with UCO Stock

  0.61RELIANCE Reliance IndustriesPairCorr
  0.87LICI Life InsuranceOfPairCorr
  0.86IOC Indian OilPairCorr

Moving against UCO Stock

  0.8UNIVAFOODS Univa Foods LimitedPairCorr

Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
CANTABILV2RETAIL
CANTABILCARTRADE
CARTRADEV2RETAIL
BLUEJETCARTRADE
BLUEJETV2RETAIL
CANTABILBLUEJET
  
High negative correlations   
MEDIASSISTBLUEJET
MEDIASSISTV2RETAIL
MEDIASSISTCARTRADE
MEDIASSISTCANTABIL

Risk-Adjusted Indicators

There is a big difference between UCO Stock performing well and UCO Bank Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze UCO Bank's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

Be your own money manager

Our tools can tell you how much better you can do entering a position in UCO Bank without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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UCO Bank Corporate Management

Elected by the shareholders, the UCO Bank's board of directors comprises two types of representatives: UCO Bank inside directors who are chosen from within the company, and outside directors, selected externally and held independent of UCO. The board's role is to monitor UCO Bank's management team and ensure that shareholders' interests are well served. UCO Bank's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, UCO Bank's outside directors are responsible for providing unbiased perspectives on the board's policies.
Manish KumarTraining, ManagementProfile
Vijay KumarGen DepartmentProfile
Ravi NarayanGM OfficerProfile
Dheeraj PatwardhanGeneral DepartmentProfile
Vikash GuptaCompany OfficerProfile
Pradeep JainCorporate DepartmentProfile