BNPP EHY (France) Market Value
| HSRID Etf | EUR 9.31 0.01 0.11% |
| Symbol | BNPP |
Please note, there is a significant difference between BNPP EHY's value and its price as these two are different measures arrived at by different means. Investors typically determine if BNPP EHY is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, BNPP EHY's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
BNPP EHY '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 BNPP EHY's etf 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 BNPP EHY.
| 06/10/2023 |
| 12/01/2024 |
If you would invest 0.00 in BNPP EHY on June 10, 2023 and sell it all today you would earn a total of 0.00 from holding BNPP EHY SRI or generate 0.0% return on investment in BNPP EHY over 540 days. More
BNPP EHY 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 BNPP EHY's etf 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 BNPP EHY SRI upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1436 | |||
| Information Ratio | (0.78) | |||
| Maximum Drawdown | 0.7613 | |||
| Value At Risk | (0.22) | |||
| Potential Upside | 0.2169 |
BNPP EHY Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BNPP EHY's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BNPP EHY's standard deviation. In reality, there are many statistical measures that can use BNPP EHY historical prices to predict the future BNPP EHY's volatility.| Risk Adjusted Performance | 0.0979 | |||
| Jensen Alpha | 0.0171 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.77) | |||
| Treynor Ratio | (3.03) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of BNPP EHY'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.
BNPP EHY SRI Backtested Returns
Currently, BNPP EHY SRI is very steady. BNPP EHY SRI secures Sharpe Ratio (or Efficiency) of 0.19, which signifies that the etf had a 0.19% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for BNPP EHY SRI, which you can use to evaluate the volatility of the entity. Please confirm BNPP EHY's risk adjusted performance of 0.0979, and Mean Deviation of 0.1056 to double-check if the risk estimate we provide is consistent with the expected return of 0.0264%. The etf shows a Beta (market volatility) of -0.0054, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning BNPP EHY are expected to decrease at a much lower rate. During the bear market, BNPP EHY is likely to outperform the market.
Auto-correlation | 0.39 |
Below average predictability
BNPP EHY SRI has below average predictability. Overlapping area represents the amount of predictability between BNPP EHY time series from 10th of June 2023 to 6th of March 2024 and 6th of March 2024 to 1st of December 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 BNPP EHY SRI price movement. The serial correlation of 0.39 indicates that just about 39.0% of current BNPP EHY price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.39 | |
| Spearman Rank Test | 0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
BNPP EHY SRI lagged returns against current returns
Autocorrelation, which is BNPP EHY etf'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 BNPP EHY's etf expected returns. We can calculate the autocorrelation of BNPP EHY returns to help us make a trade decision. For example, suppose you find that BNPP EHY has exhibited high autocorrelation historically, and you observe that the etf 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 |
BNPP EHY 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 BNPP EHY etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BNPP EHY etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BNPP EHY etf over time.
Current vs Lagged Prices |
| Timeline |
BNPP EHY Lagged Returns
When evaluating BNPP EHY's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BNPP EHY etf have on its future price. BNPP EHY 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, BNPP EHY autocorrelation shows the relationship between BNPP EHY etf current value and its past values and can show if there is a momentum factor associated with investing in BNPP EHY SRI.
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 BNPP Etf
BNPP EHY financial ratios help investors to determine whether BNPP Etf 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 BNPP with respect to the benefits of owning BNPP EHY security.