Bank Ocbc (Indonesia) Market Value
| NISP Stock | IDR 1,345 10.00 0.74% |
| Symbol | Bank |
Bank Ocbc '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 Ocbc'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 Ocbc.
| 11/28/2023 |
| 11/22/2024 |
If you would invest 0.00 in Bank Ocbc on November 28, 2023 and sell it all today you would earn a total of 0.00 from holding Bank Ocbc Nisp or generate 0.0% return on investment in Bank Ocbc over 360 days. Bank Ocbc is related to or competes with Maskapai Reasuransi, and Paninvest Tbk. PT Bank OCBC NISP Tbk provides various banking products and services to corporate and individual customers in Indonesia More
Bank Ocbc 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 Ocbc'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 Ocbc Nisp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.23 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 6.45 | |||
| Value At Risk | (1.47) | |||
| Potential Upside | 1.51 |
Bank Ocbc Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bank Ocbc's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bank Ocbc's standard deviation. In reality, there are many statistical measures that can use Bank Ocbc historical prices to predict the future Bank Ocbc's volatility.| Risk Adjusted Performance | 0.0309 | |||
| Jensen Alpha | 0.0276 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 1.33 |
Bank Ocbc Nisp Backtested Returns
Bank Ocbc Nisp secures Sharpe Ratio (or Efficiency) of -0.0119, which signifies that the company had a -0.0119% return per unit of risk over the last 3 months. Bank Ocbc Nisp exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Bank Ocbc's Risk Adjusted Performance of 0.0309, mean deviation of 0.7868, and Downside Deviation of 1.23 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0222, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Bank Ocbc's returns are expected to increase less than the market. However, during the bear market, the loss of holding Bank Ocbc is expected to be smaller as well. At this point, Bank Ocbc Nisp has a negative expected return of -0.0123%. Please make sure to confirm Bank Ocbc's sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to decide if Bank Ocbc Nisp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.85 |
Very good predictability
Bank Ocbc Nisp has very good predictability. Overlapping area represents the amount of predictability between Bank Ocbc time series from 28th of November 2023 to 26th of May 2024 and 26th of May 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 Ocbc Nisp price movement. The serial correlation of 0.85 indicates that around 85.0% of current Bank Ocbc price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.85 | |
| Spearman Rank Test | 0.77 | |
| Residual Average | 0.0 | |
| Price Variance | 3040.3 |
Bank Ocbc Nisp lagged returns against current returns
Autocorrelation, which is Bank Ocbc 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 Ocbc's stock expected returns. We can calculate the autocorrelation of Bank Ocbc returns to help us make a trade decision. For example, suppose you find that Bank Ocbc 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 Ocbc 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 Ocbc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bank Ocbc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bank Ocbc stock over time.
Current vs Lagged Prices |
| Timeline |
Bank Ocbc Lagged Returns
When evaluating Bank Ocbc's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bank Ocbc stock have on its future price. Bank Ocbc 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 Ocbc autocorrelation shows the relationship between Bank Ocbc stock current value and its past values and can show if there is a momentum factor associated with investing in Bank Ocbc Nisp.
Regressed Prices |
| Timeline |
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Bank Ocbc 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 Ocbc security.