Credicorp (Mexico) Market Value
| BAPN Stock | MXN 3,640 95.64 2.56% |
| Symbol | Credicorp |
Credicorp '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 Credicorp'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 Credicorp.
| 11/25/2024 |
| 12/25/2024 |
If you would invest 0.00 in Credicorp on November 25, 2024 and sell it all today you would earn a total of 0.00 from holding Credicorp or generate 0.0% return on investment in Credicorp over 30 days. Credicorp is related to or competes with Fibra Plus, Monster Beverage, Alfa SAB, Farmacias Benavides, BHP, and Grupo KUO. Credicorp Ltd., a financial services holding company, provides various financial, insurance, and health services and pro... More
Credicorp 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 Credicorp'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 Credicorp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0779 | |||
| Maximum Drawdown | 18.32 |
Credicorp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Credicorp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Credicorp's standard deviation. In reality, there are many statistical measures that can use Credicorp historical prices to predict the future Credicorp's volatility.| Risk Adjusted Performance | 0.0857 | |||
| Jensen Alpha | 0.2044 | |||
| Total Risk Alpha | 0.106 | |||
| Treynor Ratio | (0.80) |
Credicorp Backtested Returns
At this stage we consider Credicorp Stock to be very steady. Credicorp secures Sharpe Ratio (or Efficiency) of 0.0905, which signifies that the company had a 0.0905% return per unit of standard deviation over the last 3 months. We have found nineteen technical indicators for Credicorp, which you can use to evaluate the volatility of the firm. Please confirm Credicorp's mean deviation of 0.5363, and Risk Adjusted Performance of 0.0857 to double-check if the risk estimate we provide is consistent with the expected return of 0.19%. Credicorp has a performance score of 7 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.24, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Credicorp are expected to decrease at a much lower rate. During the bear market, Credicorp is likely to outperform the market. Credicorp right now shows a risk of 2.14%. Please confirm Credicorp mean deviation, standard deviation, information ratio, as well as the relationship between the coefficient of variation and variance , to decide if Credicorp will be following its price patterns.
Auto-correlation | 0.00 |
No correlation between past and present
Credicorp has no correlation between past and present. Overlapping area represents the amount of predictability between Credicorp time series from 25th of November 2024 to 10th of December 2024 and 10th of December 2024 to 25th 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 Credicorp price movement. The serial correlation of 0.0 indicates that just 0.0% of current Credicorp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | -0.78 | |
| Residual Average | 0.0 | |
| Price Variance | 4977.67 |
Credicorp lagged returns against current returns
Autocorrelation, which is Credicorp 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 Credicorp's stock expected returns. We can calculate the autocorrelation of Credicorp returns to help us make a trade decision. For example, suppose you find that Credicorp 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 |
Credicorp 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 Credicorp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Credicorp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Credicorp stock over time.
Current vs Lagged Prices |
| Timeline |
Credicorp Lagged Returns
When evaluating Credicorp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Credicorp stock have on its future price. Credicorp 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, Credicorp autocorrelation shows the relationship between Credicorp stock current value and its past values and can show if there is a momentum factor associated with investing in Credicorp.
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 Credicorp Stock Analysis
When running Credicorp's price analysis, check to measure Credicorp'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 Credicorp is operating at the current time. Most of Credicorp's value examination focuses on studying past and present price action to predict the probability of Credicorp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Credicorp's price. Additionally, you may evaluate how the addition of Credicorp to your portfolios can decrease your overall portfolio volatility.