Bandhan Bank (India) Market Value
| BANDHANBNK | 169.08 1.88 1.10% |
| Symbol | Bandhan |
Bandhan 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 Bandhan 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 Bandhan Bank.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Bandhan Bank on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Bandhan Bank Limited or generate 0.0% return on investment in Bandhan Bank over 720 days. Bandhan Bank is related to or competes with Reliance Industries, Shipping, Indo Borax, Kingfa Science, Alkali Metals, Krebs Biochemicals, and KNR Constructions. Bandhan Bank is entity of India. It is traded as Stock on NSE exchange. More
Bandhan 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 Bandhan 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 Bandhan Bank Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 18.91 | |||
| Value At Risk | (4.34) | |||
| Potential Upside | 4.88 |
Bandhan Bank Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bandhan Bank's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bandhan Bank's standard deviation. In reality, there are many statistical measures that can use Bandhan Bank historical prices to predict the future Bandhan Bank's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.30) | |||
| Total Risk Alpha | (0.69) | |||
| Treynor Ratio | (0.23) |
Bandhan Bank Limited Backtested Returns
Bandhan Bank Limited secures Sharpe Ratio (or Efficiency) of -0.0777, which signifies that the company had a -0.0777% return per unit of risk over the last 3 months. Bandhan Bank Limited exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Bandhan Bank's Standard Deviation of 2.97, risk adjusted performance of (0.04), and Mean Deviation of 2.0 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.84, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Bandhan Bank's returns are expected to increase less than the market. However, during the bear market, the loss of holding Bandhan Bank is expected to be smaller as well. At this point, Bandhan Bank Limited has a negative expected return of -0.23%. Please make sure to confirm Bandhan Bank's maximum drawdown, daily balance of power, period momentum indicator, as well as the relationship between the skewness and day typical price , to decide if Bandhan Bank Limited performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.37 |
Below average predictability
Bandhan Bank Limited has below average predictability. Overlapping area represents the amount of predictability between Bandhan Bank time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd 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 Bandhan Bank Limited price movement. The serial correlation of 0.37 indicates that just about 37.0% of current Bandhan Bank price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.37 | |
| Spearman Rank Test | -0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 374.46 |
Bandhan Bank Limited lagged returns against current returns
Autocorrelation, which is Bandhan 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 Bandhan Bank's stock expected returns. We can calculate the autocorrelation of Bandhan Bank returns to help us make a trade decision. For example, suppose you find that Bandhan 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 |
Bandhan 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 Bandhan Bank stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bandhan Bank stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bandhan Bank stock over time.
Current vs Lagged Prices |
| Timeline |
Bandhan Bank Lagged Returns
When evaluating Bandhan Bank's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bandhan Bank stock have on its future price. Bandhan 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, Bandhan Bank autocorrelation shows the relationship between Bandhan Bank stock current value and its past values and can show if there is a momentum factor associated with investing in Bandhan Bank Limited.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Bandhan Stock
Bandhan Bank financial ratios help investors to determine whether Bandhan 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 Bandhan with respect to the benefits of owning Bandhan Bank security.