Bank Of East Stock Market Value
| BKEAY Stock | USD 1.17 0.02 1.68% |
| Symbol | Bank |
Bank of East Asia Limited '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 East Asia Limited'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 East Asia Limited.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in Bank of East Asia Limited on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding Bank of East or generate 0.0% return on investment in Bank of East Asia Limited over 720 days. Bank of East Asia Limited is related to or competes with Nedbank, Standard Bank, Bank Central, PSB Holdings, United Overseas, Turkiye Garanti, and Hang Seng. The Bank of East Asia, Limited, together with its subsidiaries, provides various banking and related financial services More
Bank of East Asia Limited 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 East Asia Limited'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 East upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.16 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 27.81 | |||
| Value At Risk | (7.32) | |||
| Potential Upside | 6.54 |
Bank of East Asia Limited Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bank of East Asia Limited's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bank of East Asia Limited's standard deviation. In reality, there are many statistical measures that can use Bank of East Asia Limited historical prices to predict the future Bank of East Asia Limited's volatility.| Risk Adjusted Performance | 0.0241 | |||
| Jensen Alpha | 0.0608 | |||
| Total Risk Alpha | (0.47) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | 0.4669 |
Bank of East Asia Limited Backtested Returns
Bank of East Asia Limited secures Sharpe Ratio (or Efficiency) of -3.0E-4, which signifies that the company had a -3.0E-4% return per unit of risk over the last 3 months. Bank of East exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Bank of East Asia Limited's Mean Deviation of 2.06, risk adjusted performance of 0.0241, and Downside Deviation of 6.16 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.17, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Bank of East Asia Limited's returns are expected to increase less than the market. However, during the bear market, the loss of holding Bank of East Asia Limited is expected to be smaller as well. At this point, Bank of East Asia Limited has a negative expected return of -0.0012%. Please make sure to confirm Bank of East Asia Limited's treynor ratio, as well as the relationship between the semi variance and rate of daily change , to decide if Bank of East Asia Limited performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.21 |
Weak predictability
Bank of East has weak predictability. Overlapping area represents the amount of predictability between Bank of East Asia Limited time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 to 22nd 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 East Asia Limited price movement. The serial correlation of 0.21 indicates that over 21.0% of current Bank of East Asia Limited price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.21 | |
| Spearman Rank Test | 0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Bank of East Asia Limited lagged returns against current returns
Autocorrelation, which is Bank of East Asia Limited 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 East Asia Limited's pink sheet expected returns. We can calculate the autocorrelation of Bank of East Asia Limited returns to help us make a trade decision. For example, suppose you find that Bank of East Asia Limited 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 East Asia Limited 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 East Asia Limited pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bank of East Asia Limited 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 East Asia Limited pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Bank of East Asia Limited Lagged Returns
When evaluating Bank of East Asia Limited's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bank of East Asia Limited pink sheet have on its future price. Bank of East Asia Limited 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 East Asia Limited autocorrelation shows the relationship between Bank of East Asia Limited pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Bank of East.
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 Pink Sheet Analysis
When running Bank of East Asia Limited's price analysis, check to measure Bank of East Asia Limited'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 East Asia Limited is operating at the current time. Most of Bank of East Asia Limited's value examination focuses on studying past and present price action to predict the probability of Bank of East Asia Limited'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 East Asia Limited's price. Additionally, you may evaluate how the addition of Bank of East Asia Limited to your portfolios can decrease your overall portfolio volatility.