Yes Bank (India) Market Value
| YESBANK Stock | 19.21 0.08 0.42% |
| Symbol | Yes |
Yes 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 Yes 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 Yes Bank.
| 09/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Yes Bank on September 24, 2024 and sell it all today you would earn a total of 0.00 from holding Yes Bank Limited or generate 0.0% return on investment in Yes Bank over 60 days. Yes Bank is related to or competes with GM Breweries, Home First, Kanoria Chemicals, TECIL Chemicals, Hindware Home, DMCC SPECIALITY, and Dharani SugarsChemicals. Yes Bank is entity of India. It is traded as Stock on NSE exchange. More
Yes 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 Yes 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 Yes Bank Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.31) | |||
| Maximum Drawdown | 9.43 | |||
| Value At Risk | (3.14) | |||
| Potential Upside | 1.45 |
Yes Bank Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Yes Bank's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Yes Bank's standard deviation. In reality, there are many statistical measures that can use Yes Bank historical prices to predict the future Yes Bank's volatility.| Risk Adjusted Performance | (0.17) | |||
| Jensen Alpha | (0.37) | |||
| Total Risk Alpha | (0.61) | |||
| Treynor Ratio | (5.93) |
Yes Bank Limited Backtested Returns
Yes Bank Limited shows Sharpe Ratio of -0.22, which attests that the company had a -0.22% return per unit of risk over the last 3 months. Yes Bank Limited exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Yes Bank's Mean Deviation of 1.04, market risk adjusted performance of (5.92), and Standard Deviation of 1.56 to validate the risk estimate we provide. The firm maintains a market beta of 0.0612, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Yes Bank's returns are expected to increase less than the market. However, during the bear market, the loss of holding Yes Bank is expected to be smaller as well. At this point, Yes Bank Limited has a negative expected return of -0.34%. Please make sure to check out Yes Bank's rate of daily change, and the relationship between the kurtosis and market facilitation index , to decide if Yes Bank Limited performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.61 |
Good predictability
Yes Bank Limited has good predictability. Overlapping area represents the amount of predictability between Yes Bank time series from 24th of September 2024 to 24th of October 2024 and 24th of October 2024 to 23rd 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 Yes Bank Limited price movement. The serial correlation of 0.61 indicates that roughly 61.0% of current Yes Bank price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.61 | |
| Spearman Rank Test | 0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 0.39 |
Yes Bank Limited lagged returns against current returns
Autocorrelation, which is Yes 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 Yes Bank's stock expected returns. We can calculate the autocorrelation of Yes Bank returns to help us make a trade decision. For example, suppose you find that Yes 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 |
Yes 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 Yes Bank stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Yes Bank stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Yes Bank stock over time.
Current vs Lagged Prices |
| Timeline |
Yes Bank Lagged Returns
When evaluating Yes Bank's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Yes Bank stock have on its future price. Yes 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, Yes Bank autocorrelation shows the relationship between Yes Bank stock current value and its past values and can show if there is a momentum factor associated with investing in Yes Bank Limited.
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 Yes Stock
Yes Bank financial ratios help investors to determine whether Yes 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 Yes with respect to the benefits of owning Yes Bank security.