Patria Bank (Romania) Market Value
| PBK Stock | 0.08 0.0005 0.61% |
| Symbol | Patria |
Please note, there is a significant difference between Patria Bank's value and its price as these two are different measures arrived at by different means. Investors typically determine if Patria Bank is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Patria Bank'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.
Patria Bank '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 Patria Bank'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 Patria Bank.
| 12/08/2022 |
| 11/27/2024 |
If you would invest 0.00 in Patria Bank on December 8, 2022 and sell it all today you would earn a total of 0.00 from holding Patria Bank SA or generate 0.0% return on investment in Patria Bank over 720 days. More
Patria Bank 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 Patria Bank'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 Patria Bank SA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.83 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 8.78 | |||
| Value At Risk | (2.44) | |||
| Potential Upside | 3.05 |
Patria Bank Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Patria Bank's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Patria Bank's standard deviation. In reality, there are many statistical measures that can use Patria Bank historical prices to predict the future Patria Bank's volatility.| Risk Adjusted Performance | 0.0201 | |||
| Jensen Alpha | 0.0155 | |||
| Total Risk Alpha | (0.22) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.4951 |
Patria Bank SA Backtested Returns
As of now, Patria Stock is out of control. Patria Bank SA maintains Sharpe Ratio (i.e., Efficiency) of 0.0077, which implies the firm had a 0.0077% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Patria Bank SA, which you can use to evaluate the volatility of the company. Please check Patria Bank's Semi Deviation of 1.36, risk adjusted performance of 0.0201, and Coefficient Of Variation of 5073.37 to confirm if the risk estimate we provide is consistent with the expected return of 0.0119%. The company holds a Beta of 0.0412, which implies not very significant fluctuations relative to the market. As returns on the market increase, Patria Bank's returns are expected to increase less than the market. However, during the bear market, the loss of holding Patria Bank is expected to be smaller as well. Patria Bank SA right now holds a risk of 1.56%. Please check Patria Bank SA value at risk, kurtosis, price action indicator, as well as the relationship between the semi variance and rate of daily change , to decide if Patria Bank SA will be following its historical price patterns.
Auto-correlation | 0.33 |
Below average predictability
Patria Bank SA has below average predictability. Overlapping area represents the amount of predictability between Patria Bank time series from 8th of December 2022 to 3rd of December 2023 and 3rd of December 2023 to 27th 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 Patria Bank SA price movement. The serial correlation of 0.33 indicates that nearly 33.0% of current Patria Bank price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.33 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Patria Bank SA lagged returns against current returns
Autocorrelation, which is Patria Bank 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 Patria Bank's stock expected returns. We can calculate the autocorrelation of Patria Bank returns to help us make a trade decision. For example, suppose you find that Patria Bank 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 |
Patria Bank 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 Patria Bank stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Patria Bank stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Patria Bank stock over time.
Current vs Lagged Prices |
| Timeline |
Patria Bank Lagged Returns
When evaluating Patria Bank's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Patria Bank stock have on its future price. Patria Bank 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, Patria Bank autocorrelation shows the relationship between Patria Bank stock current value and its past values and can show if there is a momentum factor associated with investing in Patria Bank SA.
Regressed Prices |
| Timeline |
Pair Trading with Patria Bank
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 Patria Bank 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 Patria Bank will appreciate offsetting losses from the drop in the long position's value.Moving against Patria Stock
| 0.65 | CMP | Compa Sibiu | PairCorr |
| 0.59 | ELGS | Electroarges S | PairCorr |
| 0.49 | TRP | Teraplast Bist | PairCorr |
| 0.37 | IARV | IAR SA | PairCorr |
| 0.34 | ELZY | Electroprecizia SA | PairCorr |
The ability to find closely correlated positions to Patria Bank could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Patria Bank 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 Patria Bank - 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 Patria Bank SA to buy it.
The correlation of Patria Bank 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 Patria Bank moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Patria Bank SA 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 Patria Bank 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.Other Information on Investing in Patria Stock
Patria Bank financial ratios help investors to determine whether Patria 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 Patria with respect to the benefits of owning Patria Bank security.