Bank of Maharashtra (India) Market Value
| MAHABANK | 51.26 1.17 2.23% |
| Symbol | Bank |
Bank of Maharashtra '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 Maharashtra'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 Maharashtra.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Bank of Maharashtra on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Bank of Maharashtra or generate 0.0% return on investment in Bank of Maharashtra over 30 days. Bank of Maharashtra is related to or competes with MRF, Honeywell Automation, Divis Laboratories, Indo Borax, Kingfa Science, Alkali Metals, and Gravita India. Bank of Maharashtra is entity of India. It is traded as Stock on NSE exchange. More
Bank of Maharashtra 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 Maharashtra'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 Maharashtra upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 14.02 | |||
| Value At Risk | (3.89) | |||
| Potential Upside | 3.92 |
Bank of Maharashtra Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bank of Maharashtra's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bank of Maharashtra's standard deviation. In reality, there are many statistical measures that can use Bank of Maharashtra historical prices to predict the future Bank of Maharashtra's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.27) | |||
| Total Risk Alpha | (0.60) | |||
| Treynor Ratio | 1.07 |
Bank of Maharashtra Backtested Returns
Bank of Maharashtra secures Sharpe Ratio (or Efficiency) of -0.12, which signifies that the company had a -0.12% return per unit of risk over the last 3 months. Bank of Maharashtra exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Bank of Maharashtra's Standard Deviation of 2.28, mean deviation of 1.57, and Risk Adjusted Performance of (0.09) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.28, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Bank of Maharashtra are expected to decrease at a much lower rate. During the bear market, Bank of Maharashtra is likely to outperform the market. At this point, Bank of Maharashtra has a negative expected return of -0.27%. Please make sure to confirm Bank of Maharashtra's maximum drawdown, kurtosis, day median price, as well as the relationship between the potential upside and daily balance of power , to decide if Bank of Maharashtra performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.62 |
Very good reverse predictability
Bank of Maharashtra has very good reverse predictability. Overlapping area represents the amount of predictability between Bank of Maharashtra time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 Maharashtra price movement. The serial correlation of -0.62 indicates that roughly 62.0% of current Bank of Maharashtra price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.62 | |
| Spearman Rank Test | -0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 2.11 |
Bank of Maharashtra lagged returns against current returns
Autocorrelation, which is Bank of Maharashtra 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 Maharashtra's stock expected returns. We can calculate the autocorrelation of Bank of Maharashtra returns to help us make a trade decision. For example, suppose you find that Bank of Maharashtra 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 Maharashtra 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 Maharashtra stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bank of Maharashtra 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 Maharashtra stock over time.
Current vs Lagged Prices |
| Timeline |
Bank of Maharashtra Lagged Returns
When evaluating Bank of Maharashtra's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bank of Maharashtra stock have on its future price. Bank of Maharashtra 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 Maharashtra autocorrelation shows the relationship between Bank of Maharashtra stock current value and its past values and can show if there is a momentum factor associated with investing in Bank of Maharashtra.
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 Bank Stock
Bank of Maharashtra financial ratios help investors to determine whether Bank 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 Bank with respect to the benefits of owning Bank of Maharashtra security.