Union Bank (Sri Lanka) Performance
| UBCN0000 | LKR 9.70 0.10 1.02% |
On a scale of 0 to 100, Union Bank holds a performance score of 9. The entity has a beta of 0.0329, 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. Please check Union Bank's total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether Union Bank's existing price patterns will revert.
Risk-Adjusted Performance
9 of 100
Weak | Strong |
OK
Compared to the overall equity markets, risk-adjusted returns on investments in Union Bank are ranked lower than 9 (%) of all global equities and portfolios over the last 90 days. Despite somewhat weak basic indicators, Union Bank may actually be approaching a critical reversion point that can send shares even higher in January 2025. ...more
Union |
Union Bank Relative Risk vs. Return Landscape
If you would invest 870.00 in Union Bank on September 5, 2024 and sell it today you would earn a total of 100.00 from holding Union Bank or generate 11.49% return on investment over 90 days. Union Bank is generating 0.1975% of daily returns and assumes 1.6279% volatility on return distribution over the 90 days horizon. Simply put, 14% of stocks are less volatile than Union, and 97% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Union Bank Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Union Bank's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Union Bank, and traders can use it to determine the average amount a Union Bank's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.1213
| 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
| 1.63 actual daily | 14 86% of assets are more volatile |
Expected Return
| 0.2 actual daily | 3 97% of assets have higher returns |
Risk-Adjusted Return
| 0.12 actual daily | 9 91% of assets perform better |
Based on monthly moving average Union Bank is performing at about 9% 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.
About Union Bank Performance
By analyzing Union Bank's fundamental ratios, stakeholders can gain valuable insights into Union Bank's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Union Bank has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Union Bank has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Things to note about Union Bank performance evaluation
Checking the ongoing alerts about Union Bank for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Union Bank help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.Evaluating Union Bank's performance can involve analyzing a variety of financial metrics and factors. Some of the key considerations to evaluate Union Bank's stock performance include:- Analyzing Union Bank's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Union Bank's stock is overvalued or undervalued compared to its peers.
- Examining Union Bank's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Union Bank's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Union Bank's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Union Bank's stock. These opinions can provide insight into Union Bank's potential for growth and whether the stock is currently undervalued or overvalued.
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.
| Idea Breakdown Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes | |
| Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings | |
| Portfolio Anywhere Track or share privately all of your investments from the convenience of any device | |
| Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated | |
| Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum | |
| Commodity Channel Use Commodity Channel Index to analyze current equity momentum |