Bank of Baroda (India) Market Value
| BANKBARODA | 246.40 2.60 1.04% |
| Symbol | Bank |
Bank of Baroda '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 Baroda'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 Baroda.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Bank of Baroda on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Bank of Baroda or generate 0.0% return on investment in Bank of Baroda over 30 days. Bank of Baroda is related to or competes with Allied Blenders, MAS Financial, DCB Bank, Hindcon Chemicals, HDFC Life, Chambal Fertilizers, and Fertilizers. Bank of Baroda is entity of India. It is traded as Stock on NSE exchange. More
Bank of Baroda 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 Baroda'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 Baroda upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 8.75 | |||
| Value At Risk | (3.28) | |||
| Potential Upside | 3.28 |
Bank of Baroda Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bank of Baroda's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bank of Baroda's standard deviation. In reality, there are many statistical measures that can use Bank of Baroda historical prices to predict the future Bank of Baroda's volatility.| Risk Adjusted Performance | 0.0012 | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.34) | |||
| Treynor Ratio | (0.12) |
Bank of Baroda Backtested Returns
Bank of Baroda secures Sharpe Ratio (or Efficiency) of -0.0153, which signifies that the company had a -0.0153% return per unit of risk over the last 3 months. Bank of Baroda exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Bank of Baroda's Standard Deviation of 1.89, mean deviation of 1.38, and Risk Adjusted Performance of 0.0012 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.19, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Bank of Baroda's returns are expected to increase less than the market. However, during the bear market, the loss of holding Bank of Baroda is expected to be smaller as well. At this point, Bank of Baroda has a negative expected return of -0.0294%. Please make sure to confirm Bank of Baroda'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 Bank of Baroda performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.3 |
Weak reverse predictability
Bank of Baroda has weak reverse predictability. Overlapping area represents the amount of predictability between Bank of Baroda 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 Bank of Baroda price movement. The serial correlation of -0.3 indicates that nearly 30.0% of current Bank of Baroda price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.3 | |
| Spearman Rank Test | -0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 40.19 |
Bank of Baroda lagged returns against current returns
Autocorrelation, which is Bank of Baroda 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 Baroda's stock expected returns. We can calculate the autocorrelation of Bank of Baroda returns to help us make a trade decision. For example, suppose you find that Bank of Baroda 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 Baroda 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 Baroda stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bank of Baroda 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 Baroda stock over time.
Current vs Lagged Prices |
| Timeline |
Bank of Baroda Lagged Returns
When evaluating Bank of Baroda's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bank of Baroda stock have on its future price. Bank of Baroda 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 Baroda autocorrelation shows the relationship between Bank of Baroda stock current value and its past values and can show if there is a momentum factor associated with investing in Bank of Baroda.
Regressed Prices |
| Timeline |
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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.Additional Tools for Bank Stock Analysis
When running Bank of Baroda's price analysis, check to measure Bank of Baroda's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Bank of Baroda is operating at the current time. Most of Bank of Baroda's value examination focuses on studying past and present price action to predict the probability of Bank of Baroda's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bank of Baroda's price. Additionally, you may evaluate how the addition of Bank of Baroda to your portfolios can decrease your overall portfolio volatility.