Bank Handlowy (Poland) Market Value
| BHW Stock | 87.60 0.30 0.34% |
| Symbol | Bank |
Bank Handlowy '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 Handlowy'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 Handlowy.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Bank Handlowy on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Bank Handlowy w or generate 0.0% return on investment in Bank Handlowy over 30 days. Bank Handlowy is related to or competes with UniCredit SpA, and Santander Bank. More
Bank Handlowy 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 Handlowy'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 Handlowy w upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 7.97 | |||
| Value At Risk | (2.99) | |||
| Potential Upside | 2.65 |
Bank Handlowy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bank Handlowy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bank Handlowy's standard deviation. In reality, there are many statistical measures that can use Bank Handlowy historical prices to predict the future Bank Handlowy's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.36) | |||
| Treynor Ratio | (0.95) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Bank Handlowy'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 Handlowy w Backtested Returns
Bank Handlowy w secures Sharpe Ratio (or Efficiency) of -0.074, which signifies that the company had a -0.074% return per unit of risk over the last 3 months. Bank Handlowy w exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Bank Handlowy's Mean Deviation of 1.14, standard deviation of 1.53, and Risk Adjusted Performance of (0.05) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.13, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Bank Handlowy's returns are expected to increase less than the market. However, during the bear market, the loss of holding Bank Handlowy is expected to be smaller as well. At this point, Bank Handlowy w has a negative expected return of -0.12%. Please make sure to confirm Bank Handlowy's value at risk, as well as the relationship between the accumulation distribution and day typical price , to decide if Bank Handlowy w performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.28 |
Weak reverse predictability
Bank Handlowy w has weak reverse predictability. Overlapping area represents the amount of predictability between Bank Handlowy 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 Handlowy w price movement. The serial correlation of -0.28 indicates that nearly 28.0% of current Bank Handlowy price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.28 | |
| Spearman Rank Test | -0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 1.58 |
Bank Handlowy w lagged returns against current returns
Autocorrelation, which is Bank Handlowy 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 Handlowy's stock expected returns. We can calculate the autocorrelation of Bank Handlowy returns to help us make a trade decision. For example, suppose you find that Bank Handlowy 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 Handlowy 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 Handlowy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bank Handlowy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bank Handlowy stock over time.
Current vs Lagged Prices |
| Timeline |
Bank Handlowy Lagged Returns
When evaluating Bank Handlowy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bank Handlowy stock have on its future price. Bank Handlowy 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 Handlowy autocorrelation shows the relationship between Bank Handlowy stock current value and its past values and can show if there is a momentum factor associated with investing in Bank Handlowy w.
Regressed Prices |
| Timeline |
Pair Trading with Bank Handlowy
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Bank Handlowy position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Bank Handlowy will appreciate offsetting losses from the drop in the long position's value.Moving together with Bank Stock
| 0.83 | SPL | Santander Bank Polska | PairCorr |
| 0.88 | PEO | Bank Polska Kasa | PairCorr |
| 0.77 | ING | ING Bank lski | PairCorr |
| 0.79 | MBK | mBank SA | PairCorr |
Moving against Bank Stock
| 0.6 | UCG | UniCredit SpA | PairCorr |
| 0.6 | DNP | Dino Polska SA | PairCorr |
| 0.46 | CEZ | CEZ as | PairCorr |
| 0.39 | SAN | Banco Santander SA | PairCorr |
The ability to find closely correlated positions to Bank Handlowy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bank Handlowy when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Bank Handlowy - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Bank Handlowy w to buy it.
The correlation of Bank Handlowy is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Bank Handlowy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bank Handlowy w moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Bank Handlowy can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Bank Stock Analysis
When running Bank Handlowy's price analysis, check to measure Bank Handlowy'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 Handlowy is operating at the current time. Most of Bank Handlowy's value examination focuses on studying past and present price action to predict the probability of Bank Handlowy'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 Handlowy's price. Additionally, you may evaluate how the addition of Bank Handlowy to your portfolios can decrease your overall portfolio volatility.