Union Bank (Taiwan) Market Value
| 2838 Stock | TWD 15.05 0.15 0.99% |
| Symbol | Union |
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.
| 12/31/2022 |
| 12/20/2024 |
If you would invest 0.00 in Union Bank on December 31, 2022 and sell it all today you would earn a total of 0.00 from holding Union Bank of or generate 0.0% return on investment in Union Bank over 720 days. Union Bank is related to or competes with Central Reinsurance, Huaku Development, Fubon Financial, Chailease Holding, and CTBC Financial. Union Bank of Taiwan provides various banking products and services More
Union Bank Upside/Downside Indicators
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.
| Downside Deviation | 0.8018 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 2.95 | |||
| Value At Risk | (1.30) | |||
| Potential Upside | 1.0 |
Union Bank Market Risk Indicators
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.| Risk Adjusted Performance | 0.0184 | |||
| Jensen Alpha | 0.0062 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.1346 |
Union Bank Backtested Returns
Union Bank owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0041, which indicates the firm had a -0.0041% return per unit of risk over the last 3 months. Union Bank of exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Union Bank's Risk Adjusted Performance of 0.0184, coefficient of variation of 4015.17, and Semi Deviation of 0.6278 to confirm the risk estimate we provide. The entity has a beta of 0.0553, 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 -0.0028%. Please make sure to validate Union Bank's mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to decide if Union Bank performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.03 |
Virtually no predictability
Union Bank of has virtually no predictability. Overlapping area represents the amount of predictability between Union Bank time series from 31st of December 2022 to 26th of December 2023 and 26th of December 2023 to 20th of December 2024. 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 0.03 indicates that only 3.0% of current Union Bank price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.03 | |
| Spearman Rank Test | -0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 0.44 |
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.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.