Banco Santander (Chile) Market Value
| BSANTANDER | CLP 46.80 0.30 0.64% |
| Symbol | Banco |
Banco Santander '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 Banco Santander'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 Banco Santander.
| 01/31/2024 |
| 11/26/2024 |
If you would invest 0.00 in Banco Santander on January 31, 2024 and sell it all today you would earn a total of 0.00 from holding Banco Santander Chile or generate 0.0% return on investment in Banco Santander over 300 days. Banco Santander is related to or competes with Banco De, Banco De, Cencosud, Falabella, and Sociedad Qumica. Banco Santander-Chile provides commercial and retail banking products and services in Chile More
Banco Santander 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 Banco Santander'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 Banco Santander Chile upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.12 | |||
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 3.97 | |||
| Value At Risk | (1.71) | |||
| Potential Upside | 1.43 |
Banco Santander Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Banco Santander's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Banco Santander's standard deviation. In reality, there are many statistical measures that can use Banco Santander historical prices to predict the future Banco Santander's volatility.| Risk Adjusted Performance | 0.013 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.15) | |||
| Sortino Ratio | (0.10) | |||
| Treynor Ratio | 0.0158 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Banco Santander'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.
Banco Santander Chile Backtested Returns
As of now, Banco Stock is very steady. Banco Santander Chile secures Sharpe Ratio (or Efficiency) of 0.0141, which signifies that the company had a 0.0141% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Banco Santander Chile, which you can use to evaluate the volatility of the firm. Please confirm Banco Santander's Risk Adjusted Performance of 0.013, downside deviation of 1.12, and Mean Deviation of 0.8188 to double-check if the risk estimate we provide is consistent with the expected return of 0.0138%. Banco Santander has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.24, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Banco Santander's returns are expected to increase less than the market. However, during the bear market, the loss of holding Banco Santander is expected to be smaller as well. Banco Santander Chile right now shows a risk of 0.98%. Please confirm Banco Santander Chile semi variance, and the relationship between the treynor ratio and daily balance of power , to decide if Banco Santander Chile will be following its price patterns.
Auto-correlation | 0.38 |
Below average predictability
Banco Santander Chile has below average predictability. Overlapping area represents the amount of predictability between Banco Santander time series from 31st of January 2024 to 29th of June 2024 and 29th of June 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 Banco Santander Chile price movement. The serial correlation of 0.38 indicates that just about 38.0% of current Banco Santander price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.38 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 1.27 |
Banco Santander Chile lagged returns against current returns
Autocorrelation, which is Banco Santander 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 Banco Santander's stock expected returns. We can calculate the autocorrelation of Banco Santander returns to help us make a trade decision. For example, suppose you find that Banco Santander 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 |
Banco Santander 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 Banco Santander stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Banco Santander stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Banco Santander stock over time.
Current vs Lagged Prices |
| Timeline |
Banco Santander Lagged Returns
When evaluating Banco Santander's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Banco Santander stock have on its future price. Banco Santander 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, Banco Santander autocorrelation shows the relationship between Banco Santander stock current value and its past values and can show if there is a momentum factor associated with investing in Banco Santander Chile.
Regressed Prices |
| Timeline |
Pair Trading with Banco Santander
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 Banco Santander 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 Banco Santander will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Banco Santander could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Banco Santander 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 Banco Santander - 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 Banco Santander Chile to buy it.
The correlation of Banco Santander 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 Banco Santander moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Banco Santander Chile 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 Banco Santander 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 Information and Resources on Investing in Banco Stock
When determining whether Banco Santander Chile offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Banco Santander's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Banco Santander Chile Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Banco Santander Chile Stock:Check out Banco Santander Correlation, Banco Santander Volatility and Banco Santander Alpha and Beta module to complement your research on Banco Santander. You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.
Banco Santander technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.