BNP Paribas (France) Market Value
| BNP Stock | EUR 56.98 0.06 0.11% |
| Symbol | BNP |
BNP Paribas '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 BNP Paribas' 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 BNP Paribas.
| 05/30/2024 |
| 11/26/2024 |
If you would invest 0.00 in BNP Paribas on May 30, 2024 and sell it all today you would earn a total of 0.00 from holding BNP Paribas SA or generate 0.0% return on investment in BNP Paribas over 180 days. BNP Paribas is related to or competes with Societe Generale, Credit Agricole, AXA SA, Sanofi SA, and Renault SA. BNP Paribas SA provides a range of banking and financial services in Europe, North America, Asia Pacific, and internatio... More
BNP Paribas 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 BNP Paribas' 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 BNP Paribas SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 6.93 | |||
| Value At Risk | (2.76) | |||
| Potential Upside | 1.75 |
BNP Paribas Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BNP Paribas' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BNP Paribas' standard deviation. In reality, there are many statistical measures that can use BNP Paribas historical prices to predict the future BNP Paribas' volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.33) | |||
| Treynor Ratio | (0.52) |
BNP Paribas SA Backtested Returns
BNP Paribas SA secures Sharpe Ratio (or Efficiency) of -0.0832, which signifies that the company had a -0.0832% return per unit of risk over the last 3 months. BNP Paribas SA exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm BNP Paribas' risk adjusted performance of (0.05), and Mean Deviation of 1.04 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.22, which signifies not very significant fluctuations relative to the market. As returns on the market increase, BNP Paribas' returns are expected to increase less than the market. However, during the bear market, the loss of holding BNP Paribas is expected to be smaller as well. At this point, BNP Paribas SA has a negative expected return of -0.12%. Please make sure to confirm BNP Paribas' maximum drawdown, daily balance of power, period momentum indicator, as well as the relationship between the skewness and day typical price , to decide if BNP Paribas SA performance from the past will be repeated in the future.
Auto-correlation | 0.19 |
Very weak predictability
BNP Paribas SA has very weak predictability. Overlapping area represents the amount of predictability between BNP Paribas time series from 30th of May 2024 to 28th of August 2024 and 28th of August 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 BNP Paribas SA price movement. The serial correlation of 0.19 indicates that over 19.0% of current BNP Paribas price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.19 | |
| Spearman Rank Test | -0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 5.33 |
BNP Paribas SA lagged returns against current returns
Autocorrelation, which is BNP Paribas 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 BNP Paribas' stock expected returns. We can calculate the autocorrelation of BNP Paribas returns to help us make a trade decision. For example, suppose you find that BNP Paribas 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 |
BNP Paribas 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 BNP Paribas stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BNP Paribas stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BNP Paribas stock over time.
Current vs Lagged Prices |
| Timeline |
BNP Paribas Lagged Returns
When evaluating BNP Paribas' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BNP Paribas stock have on its future price. BNP Paribas 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, BNP Paribas autocorrelation shows the relationship between BNP Paribas stock current value and its past values and can show if there is a momentum factor associated with investing in BNP Paribas SA.
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.Other Information on Investing in BNP Stock
BNP Paribas financial ratios help investors to determine whether BNP Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in BNP with respect to the benefits of owning BNP Paribas security.