IND+COMMBK CHINA (Germany) Market Value
| ICKB Stock | EUR 11.00 0.10 0.92% |
| Symbol | IND+COMMBK |
IND+COMMBK CHINA '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 IND+COMMBK CHINA'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 IND+COMMBK CHINA.
| 12/07/2022 |
| 11/26/2024 |
If you would invest 0.00 in IND+COMMBK CHINA on December 7, 2022 and sell it all today you would earn a total of 0.00 from holding INDCOMMBK CHINA ADR20 or generate 0.0% return on investment in IND+COMMBK CHINA over 720 days. IND+COMMBK CHINA is related to or competes with Data#3, Datang International, Information Services, AM EAGLE, INFORMATION SVC, Public Storage, and Carsales. Industrial and Commercial Bank of China Limited provides various banking products and services in China and internationa... More
IND+COMMBK CHINA 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 IND+COMMBK CHINA'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 INDCOMMBK CHINA ADR20 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.19 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 17.04 | |||
| Value At Risk | (3.06) | |||
| Potential Upside | 4.72 |
IND+COMMBK CHINA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IND+COMMBK CHINA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IND+COMMBK CHINA's standard deviation. In reality, there are many statistical measures that can use IND+COMMBK CHINA historical prices to predict the future IND+COMMBK CHINA's volatility.| Risk Adjusted Performance | 0.0333 | |||
| Jensen Alpha | 0.1209 | |||
| Total Risk Alpha | (0.33) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | (0.23) |
INDCOMMBK CHINA ADR20 Backtested Returns
At this point, IND+COMMBK CHINA is somewhat reliable. INDCOMMBK CHINA ADR20 holds Efficiency (Sharpe) Ratio of 0.0346, which attests that the entity had a 0.0346% return per unit of return volatility over the last 3 months. We have found twenty-eight technical indicators for INDCOMMBK CHINA ADR20, which you can use to evaluate the volatility of the firm. Please check out IND+COMMBK CHINA's Market Risk Adjusted Performance of (0.22), semi deviation of 1.86, and Risk Adjusted Performance of 0.0333 to validate if the risk estimate we provide is consistent with the expected return of 0.0914%. IND+COMMBK CHINA has a performance score of 2 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of -0.34, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning IND+COMMBK CHINA are expected to decrease at a much lower rate. During the bear market, IND+COMMBK CHINA is likely to outperform the market. INDCOMMBK CHINA ADR20 now retains a risk of 2.64%. Please check out IND+COMMBK CHINA semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and information ratio , to decide if IND+COMMBK CHINA will be following its current trending patterns.
Auto-correlation | -0.08 |
Very weak reverse predictability
INDCOMMBK CHINA ADR20 has very weak reverse predictability. Overlapping area represents the amount of predictability between IND+COMMBK CHINA time series from 7th of December 2022 to 2nd of December 2023 and 2nd of December 2023 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 INDCOMMBK CHINA ADR20 price movement. The serial correlation of -0.08 indicates that barely 8.0% of current IND+COMMBK CHINA price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.08 | |
| Spearman Rank Test | 0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 1.45 |
INDCOMMBK CHINA ADR20 lagged returns against current returns
Autocorrelation, which is IND+COMMBK CHINA 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 IND+COMMBK CHINA's stock expected returns. We can calculate the autocorrelation of IND+COMMBK CHINA returns to help us make a trade decision. For example, suppose you find that IND+COMMBK CHINA 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 |
IND+COMMBK CHINA 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 IND+COMMBK CHINA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IND+COMMBK CHINA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IND+COMMBK CHINA stock over time.
Current vs Lagged Prices |
| Timeline |
IND+COMMBK CHINA Lagged Returns
When evaluating IND+COMMBK CHINA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IND+COMMBK CHINA stock have on its future price. IND+COMMBK CHINA 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, IND+COMMBK CHINA autocorrelation shows the relationship between IND+COMMBK CHINA stock current value and its past values and can show if there is a momentum factor associated with investing in INDCOMMBK CHINA ADR20.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in IND+COMMBK Stock
IND+COMMBK CHINA financial ratios help investors to determine whether IND+COMMBK 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 IND+COMMBK with respect to the benefits of owning IND+COMMBK CHINA security.