BANCO SANTANDER SA Market Value
| 05971KAC3 | 91.22 2.63 2.80% |
| Symbol | BANCO |
BANCO '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 BANCO's bond 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 BANCO.
| 06/05/2024 |
| 12/02/2024 |
If you would invest 0.00 in BANCO on June 5, 2024 and sell it all today you would earn a total of 0.00 from holding BANCO SANTANDER SA or generate 0.0% return on investment in BANCO over 180 days. BANCO is related to or competes with 00108WAF7, 90331HPL1, Jackson Financial, MetLife, Brera Holdings, Fortinet, and Cisco Systems. More
BANCO 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 BANCO's bond 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 BANCO SANTANDER SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.23) | |||
| Maximum Drawdown | 6.54 | |||
| Value At Risk | (0.49) | |||
| Potential Upside | 0.5897 |
BANCO Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BANCO's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BANCO's standard deviation. In reality, there are many statistical measures that can use BANCO historical prices to predict the future BANCO's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.19) | |||
| Treynor Ratio | 0.4262 |
BANCO SANTANDER SA Backtested Returns
BANCO SANTANDER SA secures Sharpe Ratio (or Efficiency) of -0.16, which signifies that the bond had a -0.16% return per unit of risk over the last 3 months. BANCO SANTANDER SA exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm BANCO's Mean Deviation of 0.361, coefficient of variation of (1,736), and Variance of 0.6639 to double-check the risk estimate we provide. The entity shows a Beta (market volatility) of -0.13, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning BANCO are expected to decrease at a much lower rate. During the bear market, BANCO is likely to outperform the market.
Auto-correlation | -0.91 |
Near perfect reversele predictability
BANCO SANTANDER SA has near perfect reversele predictability. Overlapping area represents the amount of predictability between BANCO time series from 5th of June 2024 to 3rd of September 2024 and 3rd of September 2024 to 2nd 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 BANCO SANTANDER SA price movement. The serial correlation of -0.91 indicates that approximately 91.0% of current BANCO price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.91 | |
| Spearman Rank Test | -0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 1.2 |
BANCO SANTANDER SA lagged returns against current returns
Autocorrelation, which is BANCO bond'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 BANCO's bond expected returns. We can calculate the autocorrelation of BANCO returns to help us make a trade decision. For example, suppose you find that BANCO has exhibited high autocorrelation historically, and you observe that the bond 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 |
BANCO 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 BANCO bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BANCO bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BANCO bond over time.
Current vs Lagged Prices |
| Timeline |
BANCO Lagged Returns
When evaluating BANCO's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BANCO bond have on its future price. BANCO 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, BANCO autocorrelation shows the relationship between BANCO bond current value and its past values and can show if there is a momentum factor associated with investing in BANCO SANTANDER SA.
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 BANCO Bond
BANCO financial ratios help investors to determine whether BANCO Bond 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 BANCO with respect to the benefits of owning BANCO security.