Bank Of China Stock Market Value
| BACHY Stock | USD 11.67 0.09 0.78% |
| Symbol | Bank |
Bank of China Ltd ADR '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 ADR'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 ADR.
| 12/14/2022 |
| 12/03/2024 |
If you would invest 0.00 in Bank of China Ltd ADR on December 14, 2022 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 ADR over 720 days. Bank of China Ltd ADR is related to or competes with Bank of America, Bank of America, Agricultural Bank, Bank of America, Commonwealth Bank, ANZ Group, and National Australia. Bank of China Limited, together with its subsidiaries, provides various banking and financial services More
Bank of China Ltd ADR 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 ADR'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 | 2.23 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 12.97 | |||
| Value At Risk | (3.02) | |||
| Potential Upside | 3.81 |
Bank of China Ltd ADR Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bank of China Ltd ADR's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bank of China Ltd ADR's standard deviation. In reality, there are many statistical measures that can use Bank of China Ltd ADR historical prices to predict the future Bank of China Ltd ADR's volatility.| Risk Adjusted Performance | 0.0253 | |||
| Jensen Alpha | 0.0689 | |||
| Total Risk Alpha | (0.30) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | (0.23) |
Bank of China Ltd ADR Backtested Returns
At this stage we consider Bank Pink Sheet to be not too volatile. Bank of China Ltd ADR secures Sharpe Ratio (or Efficiency) of 0.0502, which signifies that the company had a 0.0502% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Bank of China, which you can use to evaluate the volatility of the firm. Please confirm Bank of China Ltd ADR's Risk Adjusted Performance of 0.0253, downside deviation of 2.23, and Mean Deviation of 1.74 to double-check if the risk estimate we provide is consistent with the expected return of 0.11%. Bank of China Ltd ADR has a performance score of 3 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.2, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Bank of China Ltd ADR are expected to decrease at a much lower rate. During the bear market, Bank of China Ltd ADR is likely to outperform the market. Bank of China Ltd ADR right now shows a risk of 2.25%. Please confirm Bank of China Ltd ADR semi variance, and the relationship between the treynor ratio and daily balance of power , to decide if Bank of China Ltd ADR will be following its price patterns.
Auto-correlation | 0.39 |
Below average predictability
Bank of China has below average predictability. Overlapping area represents the amount of predictability between Bank of China Ltd ADR time series from 14th of December 2022 to 9th of December 2023 and 9th of December 2023 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 Bank of China Ltd ADR price movement. The serial correlation of 0.39 indicates that just about 39.0% of current Bank of China Ltd ADR price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.39 | |
| Spearman Rank Test | 0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 1.44 |
Bank of China Ltd ADR lagged returns against current returns
Autocorrelation, which is Bank of China Ltd ADR 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 ADR's pink sheet expected returns. We can calculate the autocorrelation of Bank of China Ltd ADR returns to help us make a trade decision. For example, suppose you find that Bank of China Ltd ADR 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 ADR 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 ADR pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bank of China Ltd ADR 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 ADR pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Bank of China Ltd ADR Lagged Returns
When evaluating Bank of China Ltd ADR's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bank of China Ltd ADR pink sheet have on its future price. Bank of China Ltd ADR 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 ADR autocorrelation shows the relationship between Bank of China Ltd ADR 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 |
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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.Additional Tools for Bank Pink Sheet Analysis
When running Bank of China Ltd ADR's price analysis, check to measure Bank of China Ltd ADR's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Bank of China Ltd ADR is operating at the current time. Most of Bank of China Ltd ADR's value examination focuses on studying past and present price action to predict the probability of Bank of China Ltd ADR's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bank of China Ltd ADR's price. Additionally, you may evaluate how the addition of Bank of China Ltd ADR to your portfolios can decrease your overall portfolio volatility.