Union Bank (Sri Lanka) Price on June 7, 2024
| UBCN0000 | LKR 10.50 0.20 1.94% |
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 10.50, as last reported on the 22nd of December, with the highest price reaching 10.70 and the lowest price hitting 10.00 during the day. Union Bank appears to be not too volatile, given 3 months investment horizon. Union Bank owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.16, which indicates the firm had a 0.16% return per unit of risk over the last 3 months. We have found thirty technical indicators for Union Bank, which you can use to evaluate the volatility of the company. Please review Union Bank's Semi Deviation of 1.08, risk adjusted performance of 0.1198, and Coefficient Of Variation of 692.48 to confirm if our risk estimates are consistent with your expectations.
Union Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Union |
Sharpe Ratio = 0.1554
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | UBCN0000 | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 1.69 actual daily | 15 85% of assets are more volatile |
Expected Return
| 0.26 actual daily | 5 95% of assets have higher returns |
Risk-Adjusted Return
| 0.16 actual daily | 12 88% of assets perform better |
Based on monthly moving average Union Bank is performing at about 12% of its full potential. 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 it to a well-diversified portfolio.
Union Bank Valuation on June 7, 2024
It is possible to determine the worth of Union Bank on a given historical date. On June 7, 2024 Union was worth 9.9 at the beginning of the trading date compared to the closed value of 10.1. 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 | |
| 9.90 | 10.00 | 9.60 | 10.00 | 27,251 | |
06/07/2024 | 9.90 | 10.10 | 9.90 | 10.10 | 27,123 |
| 10.00 | 10.20 | 9.90 | 10.00 | 123,194 |
| Backtest Union Bank | | | Union Bank History | Previous | Next |
Union Bank Trading Date Momentum on June 7, 2024
| On June 10 2024 Union Bank was traded for 10.00 at the closing time. The highest price during the trading period was 10.20 and the lowest recorded bid was listed for 9.90 . The volume for the day was 123.2 K. This history from June 10, 2024 contributed to the next trading day price decline. The trading price change to the next closing price was 0.99% . The trading price change to the current price is 1.98% . |
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 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.
Price Boundaries
Union Bank Period Price Range
Low | December 22, 2024
| High |
0.00 | 0.00 |
Union Bank cannot be verified against its exchange. Please verify the symbol is currently traded on Colombo 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 22, 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 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.
| Risk Adjusted Performance | 0.1198 | |||
| Jensen Alpha | 0.2373 | |||
| Total Risk Alpha | 0.1901 | |||
| Sortino Ratio | 0.133 | |||
| Treynor Ratio | 5.62 |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Complementary 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.
| Performance Analysis Check effects of mean-variance optimization against your current asset allocation | |
| Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated | |
| Insider Screener Find insiders across different sectors to evaluate their impact on performance | |
| Commodity Directory Find actively traded commodities issued by global exchanges | |
| Portfolio Dashboard Portfolio dashboard that provides centralized access to all your investments | |
| Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets | |
| Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm | |
| Idea Analyzer Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas | |
| Top Crypto Exchanges Search and analyze digital assets across top global cryptocurrency exchanges |