BNK Financial (Korea) Market Value
| 138930 Stock | 10,530 240.00 2.33% |
| Symbol | BNK |
BNK Financial '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 BNK Financial'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 BNK Financial.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in BNK Financial on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding BNK Financial Group or generate 0.0% return on investment in BNK Financial over 30 days. BNK Financial is related to or competes with Lotte Energy, Daishin Information, Display Tech, Iljin Display, Hana Materials, Phoenix Materials, and GS Retail. More
BNK Financial 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 BNK Financial'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 BNK Financial Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.46 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 9.38 | |||
| Value At Risk | (3.33) | |||
| Potential Upside | 3.12 |
BNK Financial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BNK Financial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BNK Financial's standard deviation. In reality, there are many statistical measures that can use BNK Financial historical prices to predict the future BNK Financial's volatility.| Risk Adjusted Performance | 0.0434 | |||
| Jensen Alpha | 0.0889 | |||
| Total Risk Alpha | (0.23) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 3.32 |
BNK Financial Group Backtested Returns
At this point, BNK Financial is very steady. BNK Financial Group secures Sharpe Ratio (or Efficiency) of 0.0571, which signifies that the company had a 0.0571% return per unit of return volatility over the last 3 months. We have found thirty technical indicators for BNK Financial Group, which you can use to evaluate the volatility of the firm. Please confirm BNK Financial's Mean Deviation of 1.59, risk adjusted performance of 0.0434, and Semi Deviation of 2.27 to double-check if the risk estimate we provide is consistent with the expected return of 0.13%. BNK Financial has a performance score of 4 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.0277, which signifies not very significant fluctuations relative to the market. As returns on the market increase, BNK Financial's returns are expected to increase less than the market. However, during the bear market, the loss of holding BNK Financial is expected to be smaller as well. BNK Financial Group now shows a risk of 2.19%. Please confirm BNK Financial Group downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to decide if BNK Financial Group will be following its price patterns.
Auto-correlation | 0.00 |
No correlation between past and present
BNK Financial Group has no correlation between past and present. Overlapping area represents the amount of predictability between BNK Financial time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 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 BNK Financial Group price movement. The serial correlation of 0.0 indicates that just 0.0% of current BNK Financial price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 170.5 K |
BNK Financial Group lagged returns against current returns
Autocorrelation, which is BNK Financial 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 BNK Financial's stock expected returns. We can calculate the autocorrelation of BNK Financial returns to help us make a trade decision. For example, suppose you find that BNK Financial 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 |
BNK Financial 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 BNK Financial stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BNK Financial stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BNK Financial stock over time.
Current vs Lagged Prices |
| Timeline |
BNK Financial Lagged Returns
When evaluating BNK Financial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BNK Financial stock have on its future price. BNK Financial 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, BNK Financial autocorrelation shows the relationship between BNK Financial stock current value and its past values and can show if there is a momentum factor associated with investing in BNK Financial Group.
Regressed Prices |
| Timeline |
Pair Trading with BNK Financial
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if BNK Financial position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in BNK Financial will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to BNK Financial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BNK Financial when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back BNK Financial - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling BNK Financial Group to buy it.
The correlation of BNK Financial is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as BNK Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BNK Financial Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for BNK Financial can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in BNK Stock
BNK Financial financial ratios help investors to determine whether BNK 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 BNK with respect to the benefits of owning BNK Financial security.