Banka BioLoo (India) Market Value
| BANKA Stock | 101.35 1.44 1.40% |
| Symbol | Banka |
Banka BioLoo '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 Banka BioLoo'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 Banka BioLoo.
| 11/28/2023 |
| 12/22/2024 |
If you would invest 0.00 in Banka BioLoo on November 28, 2023 and sell it all today you would earn a total of 0.00 from holding Banka BioLoo Limited or generate 0.0% return on investment in Banka BioLoo over 390 days. Banka BioLoo is related to or competes with State Trading, Welspun Investments, Steel Authority, Clean Science, Vardhman Special, Rama Steel, and Pilani Investment. Banka BioLoo is entity of India. It is traded as Stock on NSE exchange. More
Banka BioLoo 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 Banka BioLoo'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 Banka BioLoo Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 15.01 | |||
| Value At Risk | (5.00) | |||
| Potential Upside | 5.0 |
Banka BioLoo Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Banka BioLoo's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Banka BioLoo's standard deviation. In reality, there are many statistical measures that can use Banka BioLoo historical prices to predict the future Banka BioLoo's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.22) | |||
| Total Risk Alpha | (0.29) | |||
| Treynor Ratio | (0.32) |
Banka BioLoo Limited Backtested Returns
Banka BioLoo Limited secures Sharpe Ratio (or Efficiency) of -0.0672, which signifies that the company had a -0.0672% return per unit of risk over the last 3 months. Banka BioLoo Limited exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Banka BioLoo's Mean Deviation of 2.27, risk adjusted performance of (0.05), and Standard Deviation of 3.0 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.66, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Banka BioLoo's returns are expected to increase less than the market. However, during the bear market, the loss of holding Banka BioLoo is expected to be smaller as well. At this point, Banka BioLoo Limited has a negative expected return of -0.2%. Please make sure to confirm Banka BioLoo's maximum drawdown, daily balance of power, period momentum indicator, as well as the relationship between the skewness and day typical price , to decide if Banka BioLoo Limited performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.65 |
Good predictability
Banka BioLoo Limited has good predictability. Overlapping area represents the amount of predictability between Banka BioLoo time series from 28th of November 2023 to 10th of June 2024 and 10th of June 2024 to 22nd 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 Banka BioLoo Limited price movement. The serial correlation of 0.65 indicates that roughly 65.0% of current Banka BioLoo price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.65 | |
| Spearman Rank Test | 0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 146.96 |
Banka BioLoo Limited lagged returns against current returns
Autocorrelation, which is Banka BioLoo 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 Banka BioLoo's stock expected returns. We can calculate the autocorrelation of Banka BioLoo returns to help us make a trade decision. For example, suppose you find that Banka BioLoo 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 |
Banka BioLoo 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 Banka BioLoo stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Banka BioLoo stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Banka BioLoo stock over time.
Current vs Lagged Prices |
| Timeline |
Banka BioLoo Lagged Returns
When evaluating Banka BioLoo's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Banka BioLoo stock have on its future price. Banka BioLoo 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, Banka BioLoo autocorrelation shows the relationship between Banka BioLoo stock current value and its past values and can show if there is a momentum factor associated with investing in Banka BioLoo 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 Banka Stock
Banka BioLoo financial ratios help investors to determine whether Banka 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 Banka with respect to the benefits of owning Banka BioLoo security.