Bendigo (Australia) Market Value
| BEN Stock | 13.42 0.02 0.15% |
| Symbol | Bendigo |
Bendigo '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 Bendigo'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 Bendigo.
| 11/02/2024 |
| 12/02/2024 |
If you would invest 0.00 in Bendigo on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding Bendigo And Adelaide or generate 0.0% return on investment in Bendigo over 30 days. Bendigo is related to or competes with Commonwealth Bank, MA Financial, EP Financial, and Perpetual Credit. Bendigo is entity of Australia. It is traded as Stock on AU exchange. More
Bendigo 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 Bendigo'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 Bendigo And Adelaide upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.04 | |||
| Information Ratio | 0.0654 | |||
| Maximum Drawdown | 4.78 | |||
| Value At Risk | (1.91) | |||
| Potential Upside | 2.2 |
Bendigo Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bendigo's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bendigo's standard deviation. In reality, there are many statistical measures that can use Bendigo historical prices to predict the future Bendigo's volatility.| Risk Adjusted Performance | 0.146 | |||
| Jensen Alpha | 0.1885 | |||
| Total Risk Alpha | 0.0125 | |||
| Sortino Ratio | 0.0714 | |||
| Treynor Ratio | 1.94 |
Bendigo And Adelaide Backtested Returns
Currently, Bendigo And Adelaide is not too volatile. Bendigo And Adelaide secures Sharpe Ratio (or Efficiency) of 0.16, which signifies that the company had a 0.16% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Bendigo And Adelaide, which you can use to evaluate the volatility of the firm. Please confirm Bendigo's Mean Deviation of 0.8693, risk adjusted performance of 0.146, and Downside Deviation of 1.04 to double-check if the risk estimate we provide is consistent with the expected return of 0.18%. Bendigo has a performance score of 12 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.1, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Bendigo's returns are expected to increase less than the market. However, during the bear market, the loss of holding Bendigo is expected to be smaller as well. Bendigo And Adelaide right now shows a risk of 1.13%. Please confirm Bendigo And Adelaide standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to decide if Bendigo And Adelaide will be following its price patterns.
Auto-correlation | 0.18 |
Very weak predictability
Bendigo And Adelaide has very weak predictability. Overlapping area represents the amount of predictability between Bendigo time series from 2nd of November 2024 to 17th of November 2024 and 17th of November 2024 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 Bendigo And Adelaide price movement. The serial correlation of 0.18 indicates that over 18.0% of current Bendigo price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.18 | |
| Spearman Rank Test | 0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Bendigo And Adelaide lagged returns against current returns
Autocorrelation, which is Bendigo 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 Bendigo's stock expected returns. We can calculate the autocorrelation of Bendigo returns to help us make a trade decision. For example, suppose you find that Bendigo 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 |
Bendigo 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 Bendigo stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bendigo stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bendigo stock over time.
Current vs Lagged Prices |
| Timeline |
Bendigo Lagged Returns
When evaluating Bendigo's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bendigo stock have on its future price. Bendigo 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, Bendigo autocorrelation shows the relationship between Bendigo stock current value and its past values and can show if there is a momentum factor associated with investing in Bendigo And Adelaide.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Bendigo Stock Analysis
When running Bendigo's price analysis, check to measure Bendigo'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 Bendigo is operating at the current time. Most of Bendigo's value examination focuses on studying past and present price action to predict the probability of Bendigo's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bendigo's price. Additionally, you may evaluate how the addition of Bendigo to your portfolios can decrease your overall portfolio volatility.