Bank Of Communications Stock Market Value
| BCMXY Stock | USD 18.10 0.19 1.06% |
| Symbol | Bank |
Bank of Communications Co '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 Communications Co's pink sheet 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 Communications Co.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Bank of Communications Co on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Bank of Communications or generate 0.0% return on investment in Bank of Communications Co over 30 days. Bank of Communications Co is related to or competes with ANZ Group, Agricultural Bank, Industrial, Bank of America, Bank of America, Wells Fargo, and Bank of America. Bank of Communications Co., Ltd. provides commercial banking products and services More
Bank of Communications Co 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 Communications Co's pink sheet 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 Communications upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 23.62 | |||
| Value At Risk | (7.25) | |||
| Potential Upside | 7.21 |
Bank of Communications Co Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bank of Communications Co's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bank of Communications Co's standard deviation. In reality, there are many statistical measures that can use Bank of Communications Co historical prices to predict the future Bank of Communications Co's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | (0.68) | |||
| Treynor Ratio | (0.23) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Bank of Communications Co's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Bank of Communications Co Backtested Returns
Bank of Communications Co secures Sharpe Ratio (or Efficiency) of -0.0257, which signifies that the company had a -0.0257% return per unit of risk over the last 3 months. Bank of Communications exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Bank of Communications Co's Risk Adjusted Performance of (0.01), standard deviation of 3.58, and Mean Deviation of 1.28 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.51, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Bank of Communications Co's returns are expected to increase less than the market. However, during the bear market, the loss of holding Bank of Communications Co is expected to be smaller as well. At this point, Bank of Communications Co has a negative expected return of -0.0943%. Please make sure to confirm Bank of Communications Co's jensen alpha, skewness, as well as the relationship between the Skewness and day typical price , to decide if Bank of Communications Co performance from the past will be repeated at some point in the near future.
Auto-correlation | -92,233,720,368,547,760 |
Near perfect reversele predictability
Bank of Communications has near perfect reversele predictability. Overlapping area represents the amount of predictability between Bank of Communications Co 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 Communications Co price movement. The serial correlation of -9.223372036854776E16 indicates that 9.223372036854776E16% of current Bank of Communications Co price fluctuation can be explain by its past prices.
| Correlation Coefficient | -92233.7 T | |
| Spearman Rank Test | -0.59 | |
| Residual Average | 0.0 | |
| Price Variance | 0.98 |
Bank of Communications Co lagged returns against current returns
Autocorrelation, which is Bank of Communications Co pink sheet'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 Communications Co's pink sheet expected returns. We can calculate the autocorrelation of Bank of Communications Co returns to help us make a trade decision. For example, suppose you find that Bank of Communications Co has exhibited high autocorrelation historically, and you observe that the pink sheet 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 Communications Co 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 Communications Co pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bank of Communications Co pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bank of Communications Co pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Bank of Communications Co Lagged Returns
When evaluating Bank of Communications Co's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bank of Communications Co pink sheet have on its future price. Bank of Communications Co 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 Communications Co autocorrelation shows the relationship between Bank of Communications Co pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Bank of Communications.
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.Additional Tools for Bank Pink Sheet Analysis
When running Bank of Communications Co's price analysis, check to measure Bank of Communications Co'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 Communications Co is operating at the current time. Most of Bank of Communications Co's value examination focuses on studying past and present price action to predict the probability of Bank of Communications Co'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 Communications Co's price. Additionally, you may evaluate how the addition of Bank of Communications Co to your portfolios can decrease your overall portfolio volatility.