Bank Of China Stock Market Value
| BACHF Stock | USD 0.50 0.02 4.17% |
| Symbol | Bank |
Bank of China Ltd H '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 Bank of China Ltd H's pink sheet 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 Bank of China Ltd H.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Bank of China Ltd H on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding Bank of China or generate 0.0% return on investment in Bank of China Ltd H over 30 days. Bank of China Ltd H is related to or competes with China Construction, Industrial, Agricultural Bank, Bank of China Ltd ADR, and Agricultural Bank. Bank of China Limited, together with its subsidiaries, provides various banking and financial services More
Bank of China Ltd H 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 Bank of China Ltd H's pink sheet 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 Bank of China upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.7 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 19.52 | |||
| Value At Risk | (6.25) | |||
| Potential Upside | 8.33 |
Bank of China Ltd H Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bank of China Ltd H's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bank of China Ltd H's standard deviation. In reality, there are many statistical measures that can use Bank of China Ltd H historical prices to predict the future Bank of China Ltd H's volatility.| Risk Adjusted Performance | 0.0214 | |||
| Jensen Alpha | 0.1472 | |||
| Total Risk Alpha | (0.44) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | (0.06) |
Bank of China Ltd H Backtested Returns
At this point, Bank of China Ltd H is abnormally volatile. Bank of China Ltd H secures Sharpe Ratio (or Efficiency) of 0.0539, which signifies that the company had a 0.0539% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Bank of China, which you can use to evaluate the volatility of the firm. Please confirm Bank of China Ltd H's Downside Deviation of 5.7, mean deviation of 2.03, and Risk Adjusted Performance of 0.0214 to double-check if the risk estimate we provide is consistent with the expected return of 0.19%. Bank of China Ltd H has a performance score of 4 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.9, which signifies possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning Bank of China Ltd H are expected to decrease slowly. On the other hand, during market turmoil, Bank of China Ltd H is expected to outperform it slightly. Bank of China Ltd H right now shows a risk of 3.59%. Please confirm Bank of China Ltd H downside variance, rate of daily change, and the relationship between the maximum drawdown and skewness , to decide if Bank of China Ltd H will be following its price patterns.
Auto-correlation | -0.34 |
Poor reverse predictability
Bank of China has poor reverse predictability. Overlapping area represents the amount of predictability between Bank of China Ltd H time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th 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 Bank of China Ltd H price movement. The serial correlation of -0.34 indicates that nearly 34.0% of current Bank of China Ltd H price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.34 | |
| Spearman Rank Test | -0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Bank of China Ltd H lagged returns against current returns
Autocorrelation, which is Bank of China Ltd H pink sheet'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 Bank of China Ltd H's pink sheet expected returns. We can calculate the autocorrelation of Bank of China Ltd H returns to help us make a trade decision. For example, suppose you find that Bank of China Ltd H has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Bank of China Ltd H 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 Bank of China Ltd H pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bank of China Ltd H pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bank of China Ltd H pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Bank of China Ltd H Lagged Returns
When evaluating Bank of China Ltd H's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bank of China Ltd H pink sheet have on its future price. Bank of China Ltd H 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, Bank of China Ltd H autocorrelation shows the relationship between Bank of China Ltd H pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Bank of China.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Bank Pink Sheet
Bank of China Ltd H financial ratios help investors to determine whether Bank Pink Sheet 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 Bank with respect to the benefits of owning Bank of China Ltd H security.