Industrial Bank (China) Market Value
| 601166 Stock | 17.80 0.42 2.31% |
| Symbol | Industrial |
Industrial 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 Industrial 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 Industrial Bank.
| 12/29/2023 |
| 11/23/2024 |
If you would invest 0.00 in Industrial Bank on December 29, 2023 and sell it all today you would earn a total of 0.00 from holding Industrial Bank Co or generate 0.0% return on investment in Industrial Bank over 330 days. Industrial Bank is related to or competes with Gan Yuan, Jiangnan Mould, Malion New, Fuda Alloy, Guangdong Qunxing, Kangxin New, and Levima Advanced. Industrial Bank is entity of China. It is traded as Stock on SHG exchange. More
Industrial 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 Industrial 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 Industrial Bank Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.84 | |||
| Information Ratio | 0.0123 | |||
| Maximum Drawdown | 12.07 | |||
| Value At Risk | (2.56) | |||
| Potential Upside | 3.84 |
Industrial Bank Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Industrial Bank's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Industrial Bank's standard deviation. In reality, there are many statistical measures that can use Industrial Bank historical prices to predict the future Industrial Bank's volatility.| Risk Adjusted Performance | 0.0647 | |||
| Jensen Alpha | 0.2012 | |||
| Total Risk Alpha | (0.18) | |||
| Sortino Ratio | 0.0136 | |||
| Treynor Ratio | (0.32) |
Industrial Bank Backtested Returns
At this point, Industrial Bank is not too volatile. Industrial Bank holds Efficiency (Sharpe) Ratio of 0.0249, which attests that the entity had a 0.0249% return per unit of risk over the last 3 months. We have found thirty technical indicators for Industrial Bank, which you can use to evaluate the volatility of the firm. Please check out Industrial Bank's Downside Deviation of 1.84, risk adjusted performance of 0.0647, and Market Risk Adjusted Performance of (0.31) to validate if the risk estimate we provide is consistent with the expected return of 0.0525%. Industrial Bank has a performance score of 1 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of -0.46, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Industrial Bank are expected to decrease at a much lower rate. During the bear market, Industrial Bank is likely to outperform the market. Industrial Bank right now retains a risk of 2.11%. Please check out Industrial Bank market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to decide if Industrial Bank will be following its current trending patterns.
Auto-correlation | 0.55 |
Modest predictability
Industrial Bank Co has modest predictability. Overlapping area represents the amount of predictability between Industrial Bank time series from 29th of December 2023 to 11th of June 2024 and 11th of June 2024 to 23rd 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 Industrial Bank price movement. The serial correlation of 0.55 indicates that about 55.0% of current Industrial Bank price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.55 | |
| Spearman Rank Test | 0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 1.19 |
Industrial Bank lagged returns against current returns
Autocorrelation, which is Industrial 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 Industrial Bank's stock expected returns. We can calculate the autocorrelation of Industrial Bank returns to help us make a trade decision. For example, suppose you find that Industrial 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 |
Industrial 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 Industrial Bank stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Industrial Bank stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Industrial Bank stock over time.
Current vs Lagged Prices |
| Timeline |
Industrial Bank Lagged Returns
When evaluating Industrial Bank's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Industrial Bank stock have on its future price. Industrial 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, Industrial Bank autocorrelation shows the relationship between Industrial Bank stock current value and its past values and can show if there is a momentum factor associated with investing in Industrial Bank Co.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Industrial Stock
Industrial Bank financial ratios help investors to determine whether Industrial 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 Industrial with respect to the benefits of owning Industrial Bank security.