Punjab National (India) Market Value
| PNB Stock | 101.20 4.68 4.85% |
| Symbol | Punjab |
Punjab National '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 Punjab National'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 Punjab National.
| 01/02/2025 |
| 02/01/2025 |
If you would invest 0.00 in Punjab National on January 2, 2025 and sell it all today you would earn a total of 0.00 from holding Punjab National Bank or generate 0.0% return on investment in Punjab National over 30 days. Punjab National is related to or competes with Shyam Metalics, Zota Health, Iris Clothings, Transport, SANOFI S, Fortis Healthcare, and Lotus Eye. Punjab National is entity of India. It is traded as Stock on NSE exchange. More
Punjab National 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 Punjab National'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 Punjab National Bank upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.08 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 8.68 | |||
| Value At Risk | (3.26) | |||
| Potential Upside | 3.58 |
Punjab National Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Punjab National's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Punjab National's standard deviation. In reality, there are many statistical measures that can use Punjab National historical prices to predict the future Punjab National's volatility.| Risk Adjusted Performance | 0.0136 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.0179 |
Punjab National Bank Backtested Returns
Punjab National Bank maintains Sharpe Ratio (i.e., Efficiency) of close to zero, which implies the firm had a close to zero % return per unit of risk over the last 3 months. Punjab National Bank exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Punjab National's Risk Adjusted Performance of 0.0136, semi deviation of 2.01, and Coefficient Of Variation of 10909.02 to confirm the risk estimate we provide. The company holds a Beta of 0.49, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Punjab National's returns are expected to increase less than the market. However, during the bear market, the loss of holding Punjab National is expected to be smaller as well. At this point, Punjab National Bank has a negative expected return of -0.0183%. Please make sure to check Punjab National's value at risk, expected short fall, and the relationship between the treynor ratio and downside variance , to decide if Punjab National Bank performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.37 |
Below average predictability
Punjab National Bank has below average predictability. Overlapping area represents the amount of predictability between Punjab National time series from 2nd of January 2025 to 17th of January 2025 and 17th of January 2025 to 1st of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Punjab National Bank price movement. The serial correlation of 0.37 indicates that just about 37.0% of current Punjab National price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.37 | |
| Spearman Rank Test | -0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 3.32 |
Punjab National Bank lagged returns against current returns
Autocorrelation, which is Punjab National 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 Punjab National's stock expected returns. We can calculate the autocorrelation of Punjab National returns to help us make a trade decision. For example, suppose you find that Punjab National 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 |
Punjab National 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 Punjab National stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Punjab National stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Punjab National stock over time.
Current vs Lagged Prices |
| Timeline |
Punjab National Lagged Returns
When evaluating Punjab National's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Punjab National stock have on its future price. Punjab National 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, Punjab National autocorrelation shows the relationship between Punjab National stock current value and its past values and can show if there is a momentum factor associated with investing in Punjab National Bank.
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 Punjab Stock
Punjab National financial ratios help investors to determine whether Punjab 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 Punjab with respect to the benefits of owning Punjab National security.