UCO Bank (India) Market Value
| UCOBANK Stock | 44.48 0.48 1.07% |
| Symbol | UCO |
UCO 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 UCO 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 UCO Bank.
| 01/09/2023 |
| 11/29/2024 |
If you would invest 0.00 in UCO Bank on January 9, 2023 and sell it all today you would earn a total of 0.00 from holding UCO Bank or generate 0.0% return on investment in UCO Bank over 690 days. UCO Bank is related to or competes with ICICI Securities, Nippon Life, Fortis Healthcare, ICICI Lombard, CEAT, and KEC International. UCO Bank is entity of India. It is traded as Stock on NSE exchange. More
UCO 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 UCO 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 UCO Bank upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 10.53 | |||
| Value At Risk | (3.89) | |||
| Potential Upside | 2.29 |
UCO Bank Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for UCO Bank's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as UCO Bank's standard deviation. In reality, there are many statistical measures that can use UCO Bank historical prices to predict the future UCO Bank's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.26) | |||
| Total Risk Alpha | (0.50) | |||
| Treynor Ratio | (0.37) |
UCO Bank Backtested Returns
UCO Bank owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0888, which indicates the company had a -0.0888% return per unit of standard deviation over the last 3 months. UCO Bank exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate UCO Bank's Risk Adjusted Performance of (0.06), standard deviation of 2.01, and Market Risk Adjusted Performance of (0.36) to confirm the risk estimate we provide. The firm has a beta of 0.53, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, UCO Bank's returns are expected to increase less than the market. However, during the bear market, the loss of holding UCO Bank is expected to be smaller as well. At this point, UCO Bank has a negative expected return of -0.18%. Please make sure to validate UCO Bank's accumulation distribution, day typical price, and the relationship between the skewness and rate of daily change , to decide if UCO Bank performance from the past will be repeated at future time.
Auto-correlation | -0.52 |
Good reverse predictability
UCO Bank has good reverse predictability. Overlapping area represents the amount of predictability between UCO Bank time series from 9th of January 2023 to 20th of December 2023 and 20th of December 2023 to 29th of November 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 UCO Bank price movement. The serial correlation of -0.52 indicates that about 52.0% of current UCO Bank price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.52 | |
| Spearman Rank Test | -0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 36.1 |
UCO Bank lagged returns against current returns
Autocorrelation, which is UCO 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 UCO Bank's stock expected returns. We can calculate the autocorrelation of UCO Bank returns to help us make a trade decision. For example, suppose you find that UCO 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 |
UCO 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 UCO Bank stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if UCO Bank stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in UCO Bank stock over time.
Current vs Lagged Prices |
| Timeline |
UCO Bank Lagged Returns
When evaluating UCO Bank's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of UCO Bank stock have on its future price. UCO 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, UCO Bank autocorrelation shows the relationship between UCO Bank stock current value and its past values and can show if there is a momentum factor associated with investing in UCO Bank.
Regressed Prices |
| Timeline |
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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 UCO Stock
UCO Bank financial ratios help investors to determine whether UCO 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 UCO with respect to the benefits of owning UCO Bank security.