Bank of China (China) Market Value
| 601988 Stock | 4.91 0.05 1.01% |
| Symbol | Bank |
Bank of China '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 Bank of China'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 Bank of China.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Bank of China on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Bank of China or generate 0.0% return on investment in Bank of China over 30 days. Bank of China is related to or competes with Harbin Air, Heilongjiang Transport, Impulse Qingdao, Yunnan Jianzhijia, and De Rucci. Bank of China is entity of China. It is traded as Stock on SHG exchange. More
Bank of China 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 Bank of China'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 Bank of China upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.68 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 7.7 | |||
| Value At Risk | (2.86) | |||
| Potential Upside | 2.67 |
Bank of China Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bank of China's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bank of China's standard deviation. In reality, there are many statistical measures that can use Bank of China historical prices to predict the future Bank of China's volatility.| Risk Adjusted Performance | 0.0391 | |||
| Jensen Alpha | 0.1017 | |||
| Total Risk Alpha | (0.20) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | (0.20) |
Bank of China Backtested Returns
Bank of China secures Sharpe Ratio (or Efficiency) of -0.0345, which signifies that the company had a -0.0345% return per unit of risk over the last 3 months. Bank of China exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Bank of China's Mean Deviation of 1.23, downside deviation of 1.68, and Risk Adjusted Performance of 0.0391 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.32, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Bank of China are expected to decrease at a much lower rate. During the bear market, Bank of China is likely to outperform the market. At this point, Bank of China has a negative expected return of -0.0591%. Please make sure to confirm Bank of China's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Bank of China performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.38 |
Below average predictability
Bank of China has below average predictability. Overlapping area represents the amount of predictability between Bank of China time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Bank of China price movement. The serial correlation of 0.38 indicates that just about 38.0% of current Bank of China price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.38 | |
| Spearman Rank Test | -0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Bank of China lagged returns against current returns
Autocorrelation, which is Bank of China 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 Bank of China's stock expected returns. We can calculate the autocorrelation of Bank of China returns to help us make a trade decision. For example, suppose you find that Bank of China 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 |
Bank of China 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 Bank of China stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bank of China stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bank of China stock over time.
Current vs Lagged Prices |
| Timeline |
Bank of China Lagged Returns
When evaluating Bank of China's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bank of China stock have on its future price. Bank of China 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, Bank of China autocorrelation shows the relationship between Bank of China stock current value and its past values and can show if there is a momentum factor associated with investing in Bank of China.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Bank Stock
Bank of China financial ratios help investors to determine whether Bank 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 Bank with respect to the benefits of owning Bank of China security.