Al Baraka's market value is the price at which a share of Al Baraka trades on a public exchange. It measures the collective expectations of Al Baraka Bank investors about its performance. Al Baraka is trading at 13.59 as of the 3rd of December 2024. This is a 3.50 percent up since the beginning of the trading day. The stock's lowest day price was 13.3. With this module, you can estimate the performance of a buy and hold strategy of Al Baraka Bank and determine expected loss or profit from investing in Al Baraka over a given investment horizon. Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Symbol
SAUD
Al Baraka '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 Al Baraka'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 Al Baraka.
0.00
12/09/2023
No Change 0.00
0.0
In 11 months and 26 days
12/03/2024
0.00
If you would invest 0.00 in Al Baraka on December 9, 2023 and sell it all today you would earn a total of 0.00 from holding Al Baraka Bank or generate 0.0% return on investment in Al Baraka over 360 days.
Al Baraka 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 Al Baraka'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 Al Baraka Bank upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Al Baraka's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Al Baraka's standard deviation. In reality, there are many statistical measures that can use Al Baraka historical prices to predict the future Al Baraka's volatility.
Al Baraka appears to be not too volatile, given 3 months investment horizon. Al Baraka Bank retains Efficiency (Sharpe Ratio) of 0.2, which signifies that the company had a 0.2% return per unit of price deviation over the last 3 months. We have found twenty-nine technical indicators for Al Baraka, which you can use to evaluate the volatility of the firm. Please makes use of Al Baraka's Standard Deviation of 1.95, coefficient of variation of 455.98, and Market Risk Adjusted Performance of 1.79 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Al Baraka holds a performance score of 15. The firm owns a Beta (Systematic Risk) of 0.23, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Al Baraka's returns are expected to increase less than the market. However, during the bear market, the loss of holding Al Baraka is expected to be smaller as well. Please check Al Baraka's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether Al Baraka's current price history will revert.
Auto-correlation
-0.6
Good reverse predictability
Al Baraka Bank has good reverse predictability. Overlapping area represents the amount of predictability between Al Baraka time series from 9th of December 2023 to 6th of June 2024 and 6th of June 2024 to 3rd of December 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 Al Baraka Bank price movement. The serial correlation of -0.6 indicates that roughly 60.0% of current Al Baraka price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.6
Spearman Rank Test
-0.45
Residual Average
0.0
Price Variance
1.71
Al Baraka Bank lagged returns against current returns
Autocorrelation, which is Al Baraka 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 Al Baraka's stock expected returns. We can calculate the autocorrelation of Al Baraka returns to help us make a trade decision. For example, suppose you find that Al Baraka 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
Al Baraka 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 Al Baraka stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Al Baraka stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Al Baraka stock over time.
Current vs Lagged Prices
Timeline
Al Baraka Lagged Returns
When evaluating Al Baraka's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Al Baraka stock have on its future price. Al Baraka 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, Al Baraka autocorrelation shows the relationship between Al Baraka stock current value and its past values and can show if there is a momentum factor associated with investing in Al Baraka 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.