Union Bank (Taiwan) Price on December 9, 2024

2838 Stock  TWD 15.30  0.05  0.33%   
If you're considering investing in Union Stock, it is important to understand the factors that can impact its price. As of today, the current price of Union Bank stands at 15.30, as last reported on the 26th of December, with the highest price reaching 15.45 and the lowest price hitting 15.25 during the day. Union Bank owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0245, which indicates the firm had a -0.0245% 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 Risk Adjusted Performance of (0.01), coefficient of variation of (9,921), and Variance of 0.5235 to confirm the risk estimate we provide.
  
Union Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0245

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Negative Returns2838

Estimated Market Risk

 0.73
  actual daily
6
94% of assets are more volatile

Expected Return

 -0.02
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.02
  actual daily
0
Most of other assets perform better
Based on monthly moving average Union Bank is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Union Bank by adding Union Bank to a well-diversified portfolio.

Union Bank Valuation on December 9, 2024

It is possible to determine the worth of Union Bank on a given historical date. On December 9, 2024 Union was worth 15.6 at the beginning of the trading date compared to the closed value of 15.6. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Union Bank stock. Still, in general, we apply an absolute valuation method to find Union Bank's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Union Bank where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Union Bank's related companies.
 Open High Low Close Volume
  15.60    15.65    15.60    15.60    325,237  
12/09/2024
  15.60    15.65    15.55    15.60    851,289  
  15.60    15.70    15.60    15.60    838,000  
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Open Value
15.6
15.6
Closing Value
17.80
Upside

Union Bank Trading Date Momentum on December 9, 2024

On December 10 2024 Union Bank of was traded for  15.60  at the closing time. The highest price during the trading period was 15.70  and the lowest recorded bid was listed for  15.60 . The volume for the day was 838 K. This history from December 10, 2024 did not result in any price rise and fall. The trading price change to the current price is 2.56% .

Union Bank Fundamentals Correlations and Trends

By evaluating Union Bank's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Union Bank's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Union financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Union Bank Stock history

Union Bank investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Union is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Union Bank will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Union Bank stock prices may prove useful in developing a viable investing in Union Bank
Union Bank of Taiwan provides various banking products and services. Union Bank of Taiwan was founded in 1989 and is headquartered in Taipei, Taiwan. UNION BANK is traded on Taiwan Stock Exchange in Taiwan.

Union Bank Stock Technical Analysis

Union Bank technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Union Bank technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Union Bank trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Union Bank Period Price Range

Low
December 26, 2024
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High

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Union Bank of cannot be verified against its exchange. Please verify the symbol is currently traded on Taiwan Stock Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.

Union Bank December 26, 2024 Market Strength

Market strength indicators help investors to evaluate how Union Bank stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Union Bank shares will generate the highest return on investment. By undertsting and applying Union Bank stock market strength indicators, traders can identify Union Bank of entry and exit signals to maximize returns

Union Bank Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Union Bank's price direction in advance. Along with the technical and fundamental analysis of Union Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Union to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.

Additional Tools for Union Stock Analysis

When running Union Bank's price analysis, check to measure Union Bank's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Union Bank is operating at the current time. Most of Union Bank's value examination focuses on studying past and present price action to predict the probability of Union Bank's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Union Bank's price. Additionally, you may evaluate how the addition of Union Bank to your portfolios can decrease your overall portfolio volatility.