Berkshire Hills (Germany) Market Value
| 4I9 Stock | EUR 28.40 0.40 1.39% |
| Symbol | Berkshire |
Berkshire Hills '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 Berkshire Hills' 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 Berkshire Hills.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Berkshire Hills on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Berkshire Hills Bancorp or generate 0.0% return on investment in Berkshire Hills over 30 days. Berkshire Hills is related to or competes with Big 5, ANTA SPORTS, LG Display, Ultra Clean, and Columbia Sportswear. Berkshire Hills Bancorp, Inc. operates as a bank holding company for Berkshire Bank that provides various banking produc... More
Berkshire Hills 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 Berkshire Hills' 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 Berkshire Hills Bancorp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.1 | |||
| Information Ratio | 0.0634 | |||
| Maximum Drawdown | 20.92 | |||
| Value At Risk | (5.69) | |||
| Potential Upside | 7.57 |
Berkshire Hills Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Berkshire Hills' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Berkshire Hills' standard deviation. In reality, there are many statistical measures that can use Berkshire Hills historical prices to predict the future Berkshire Hills' volatility.| Risk Adjusted Performance | 0.0857 | |||
| Jensen Alpha | 0.3066 | |||
| Total Risk Alpha | (0.24) | |||
| Sortino Ratio | 0.0732 | |||
| Treynor Ratio | 0.9498 |
Berkshire Hills Bancorp Backtested Returns
Berkshire Hills appears to be not too volatile, given 3 months investment horizon. Berkshire Hills Bancorp secures Sharpe Ratio (or Efficiency) of 0.0846, which signifies that the company had a 0.0846% return per unit of risk over the last 3 months. We have found thirty technical indicators for Berkshire Hills Bancorp, which you can use to evaluate the volatility of the firm. Please makes use of Berkshire Hills' Mean Deviation of 2.28, downside deviation of 3.1, and Risk Adjusted Performance of 0.0857 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Berkshire Hills holds a performance score of 6. The firm shows a Beta (market volatility) of 0.37, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Berkshire Hills' returns are expected to increase less than the market. However, during the bear market, the loss of holding Berkshire Hills is expected to be smaller as well. Please check Berkshire Hills' coefficient of variation, jensen alpha, sortino ratio, as well as the relationship between the standard deviation and total risk alpha , to make a quick decision on whether Berkshire Hills' price patterns will revert.
Auto-correlation | 0.51 |
Modest predictability
Berkshire Hills Bancorp has modest predictability. Overlapping area represents the amount of predictability between Berkshire Hills time series from 1st of November 2024 to 16th of November 2024 and 16th of November 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 Berkshire Hills Bancorp price movement. The serial correlation of 0.51 indicates that about 51.0% of current Berkshire Hills price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.51 | |
| Spearman Rank Test | 0.51 | |
| Residual Average | 0.0 | |
| Price Variance | 1.27 |
Berkshire Hills Bancorp lagged returns against current returns
Autocorrelation, which is Berkshire Hills 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 Berkshire Hills' stock expected returns. We can calculate the autocorrelation of Berkshire Hills returns to help us make a trade decision. For example, suppose you find that Berkshire Hills 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 |
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Berkshire Hills 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 Berkshire Hills stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Berkshire Hills stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Berkshire Hills stock over time.
Current vs Lagged Prices |
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Berkshire Hills Lagged Returns
When evaluating Berkshire Hills' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Berkshire Hills stock have on its future price. Berkshire Hills 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, Berkshire Hills autocorrelation shows the relationship between Berkshire Hills stock current value and its past values and can show if there is a momentum factor associated with investing in Berkshire Hills Bancorp.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Berkshire Stock
When determining whether Berkshire Hills Bancorp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Berkshire Hills' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Berkshire Hills Bancorp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Berkshire Hills Bancorp Stock:Check out Berkshire Hills Correlation, Berkshire Hills Volatility and Berkshire Hills Alpha and Beta module to complement your research on Berkshire Hills. You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
Berkshire Hills technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.