Bank of Commerce (Philippines) Market Value
| BNCOM Stock | 7.60 0.20 2.56% |
| Symbol | Bank |
Bank of Commerce '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 Commerce'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 Commerce.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Bank of Commerce on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Bank of Commerce or generate 0.0% return on investment in Bank of Commerce over 30 days. Bank of Commerce is related to or competes with Rizal Commercial, Allhome Corp, Jollibee Foods, and Monde Nissin. More
Bank of Commerce 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 Commerce'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 Commerce upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.25 | |||
| Information Ratio | 3.0E-4 | |||
| Maximum Drawdown | 10.08 | |||
| Value At Risk | (3.30) | |||
| Potential Upside | 5.26 |
Bank of Commerce Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bank of Commerce's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bank of Commerce's standard deviation. In reality, there are many statistical measures that can use Bank of Commerce historical prices to predict the future Bank of Commerce's volatility.| Risk Adjusted Performance | 0.0486 | |||
| Jensen Alpha | 0.1577 | |||
| Total Risk Alpha | (0.26) | |||
| Sortino Ratio | 4.0E-4 | |||
| Treynor Ratio | (0.41) |
Bank of Commerce Backtested Returns
Currently, Bank of Commerce is somewhat reliable. Bank of Commerce secures Sharpe Ratio (or Efficiency) of 0.0488, which signifies that the company had a 0.0488% return per unit of risk over the last 3 months. We have found thirty technical indicators for Bank of Commerce, which you can use to evaluate the volatility of the firm. Please confirm Bank of Commerce's Mean Deviation of 1.77, downside deviation of 2.25, and Risk Adjusted Performance of 0.0486 to double-check if the risk estimate we provide is consistent with the expected return of 0.12%. Bank of Commerce has a performance score of 3 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.3, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Bank of Commerce are expected to decrease at a much lower rate. During the bear market, Bank of Commerce is likely to outperform the market. Bank of Commerce right now shows a risk of 2.39%. Please confirm Bank of Commerce semi variance, and the relationship between the treynor ratio and daily balance of power , to decide if Bank of Commerce will be following its price patterns.
Auto-correlation | 0.58 |
Modest predictability
Bank of Commerce has modest predictability. Overlapping area represents the amount of predictability between Bank of Commerce time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Commerce price movement. The serial correlation of 0.58 indicates that roughly 58.0% of current Bank of Commerce price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.58 | |
| Spearman Rank Test | 0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Bank of Commerce lagged returns against current returns
Autocorrelation, which is Bank of Commerce 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 Commerce's stock expected returns. We can calculate the autocorrelation of Bank of Commerce returns to help us make a trade decision. For example, suppose you find that Bank of Commerce 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 Commerce 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 Commerce stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bank of Commerce 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 Commerce stock over time.
Current vs Lagged Prices |
| Timeline |
Bank of Commerce Lagged Returns
When evaluating Bank of Commerce's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bank of Commerce stock have on its future price. Bank of Commerce 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 Commerce autocorrelation shows the relationship between Bank of Commerce stock current value and its past values and can show if there is a momentum factor associated with investing in Bank of Commerce.
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 Commerce's price analysis, check to measure Bank of Commerce'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 Commerce is operating at the current time. Most of Bank of Commerce's value examination focuses on studying past and present price action to predict the probability of Bank of Commerce'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 Commerce's price. Additionally, you may evaluate how the addition of Bank of Commerce to your portfolios can decrease your overall portfolio volatility.