City Union (India) Market Value
| CUB Stock | 179.53 0.15 0.08% |
| Symbol | City |
City Union '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 City Union'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 City Union.
| 12/07/2023 |
| 12/01/2024 |
If you would invest 0.00 in City Union on December 7, 2023 and sell it all today you would earn a total of 0.00 from holding City Union Bank or generate 0.0% return on investment in City Union over 360 days. City Union is related to or competes with Reliance Industries, State Bank, and Oil Natural. City Union is entity of India. It is traded as Stock on NSE exchange. More
City Union 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 City Union'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 City Union Bank upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.41 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 14.4 | |||
| Value At Risk | (2.47) | |||
| Potential Upside | 2.94 |
City Union Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for City Union's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as City Union's standard deviation. In reality, there are many statistical measures that can use City Union historical prices to predict the future City Union's volatility.| Risk Adjusted Performance | 0.0449 | |||
| Jensen Alpha | 0.1006 | |||
| Total Risk Alpha | (0.24) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | (1.31) |
City Union Bank Backtested Returns
At this point, City Union is very steady. City Union Bank secures Sharpe Ratio (or Efficiency) of 0.0503, which signifies that the company had a 0.0503% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for City Union Bank, which you can use to evaluate the volatility of the firm. Please confirm City Union's Mean Deviation of 1.22, downside deviation of 1.41, and Risk Adjusted Performance of 0.0449 to double-check if the risk estimate we provide is consistent with the expected return of 0.1%. City Union has a performance score of 3 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.07, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning City Union are expected to decrease at a much lower rate. During the bear market, City Union is likely to outperform the market. City Union Bank right now shows a risk of 2.04%. Please confirm City Union Bank sortino ratio, potential upside, skewness, as well as the relationship between the maximum drawdown and semi variance , to decide if City Union Bank will be following its price patterns.
Auto-correlation | -0.4 |
Poor reverse predictability
City Union Bank has poor reverse predictability. Overlapping area represents the amount of predictability between City Union time series from 7th of December 2023 to 4th of June 2024 and 4th of June 2024 to 1st 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 City Union Bank price movement. The serial correlation of -0.4 indicates that just about 40.0% of current City Union price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.4 | |
| Spearman Rank Test | -0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 70.38 |
City Union Bank lagged returns against current returns
Autocorrelation, which is City Union 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 City Union's stock expected returns. We can calculate the autocorrelation of City Union returns to help us make a trade decision. For example, suppose you find that City Union 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 |
City Union 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 City Union stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if City Union stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in City Union stock over time.
Current vs Lagged Prices |
| Timeline |
City Union Lagged Returns
When evaluating City Union's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of City Union stock have on its future price. City Union 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, City Union autocorrelation shows the relationship between City Union stock current value and its past values and can show if there is a momentum factor associated with investing in City Union Bank.
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.Other Information on Investing in City Stock
City Union financial ratios help investors to determine whether City 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 City with respect to the benefits of owning City Union security.