Bank Of Queensland (Australia) Market Value
| BOQ Stock | 6.70 0.04 0.60% |
| Symbol | Bank |
Bank Of Queensland '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 Queensland'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 Bank Of Queensland.
| 11/06/2023 |
| 12/30/2024 |
If you would invest 0.00 in Bank Of Queensland on November 6, 2023 and sell it all today you would earn a total of 0.00 from holding Bank Of Queensland or generate 0.0% return on investment in Bank Of Queensland over 420 days. Bank Of Queensland is related to or competes with Westpac Banking, IShares Global, Adriatic Metals, Australian Agricultural, and VanEck FTSE. Bank Of Queensland is entity of Australia More
Bank Of Queensland 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 Queensland'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 Bank Of Queensland upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.15 | |||
| Information Ratio | 0.0814 | |||
| Maximum Drawdown | 10.11 | |||
| Value At Risk | (1.38) | |||
| Potential Upside | 2.17 |
Bank Of Queensland Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bank Of Queensland's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bank Of Queensland's standard deviation. In reality, there are many statistical measures that can use Bank Of Queensland historical prices to predict the future Bank Of Queensland's volatility.| Risk Adjusted Performance | 0.0871 | |||
| Jensen Alpha | 0.1415 | |||
| Total Risk Alpha | 0.0996 | |||
| Sortino Ratio | 0.1025 | |||
| Treynor Ratio | (1.93) |
Bank Of Queensland Backtested Returns
Currently, Bank Of Queensland is somewhat reliable. Bank Of Queensland secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the company had a 0.12% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Bank Of Queensland, which you can use to evaluate the volatility of the firm. Please confirm Bank Of Queensland's Downside Deviation of 1.15, risk adjusted performance of 0.0871, and Mean Deviation of 0.9891 to double-check if the risk estimate we provide is consistent with the expected return of 0.18%. Bank Of Queensland has a performance score of 9 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.0724, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Bank Of Queensland are expected to decrease at a much lower rate. During the bear market, Bank Of Queensland is likely to outperform the market. Bank Of Queensland right now shows a risk of 1.47%. Please confirm Bank Of Queensland standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to decide if Bank Of Queensland will be following its price patterns.
Auto-correlation | 0.61 |
Good predictability
Bank Of Queensland has good predictability. Overlapping area represents the amount of predictability between Bank Of Queensland time series from 6th of November 2023 to 3rd of June 2024 and 3rd of June 2024 to 30th 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 Queensland price movement. The serial correlation of 0.61 indicates that roughly 61.0% of current Bank Of Queensland price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.61 | |
| Spearman Rank Test | 0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 0.15 |
Bank Of Queensland lagged returns against current returns
Autocorrelation, which is Bank Of Queensland 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 Bank Of Queensland's stock expected returns. We can calculate the autocorrelation of Bank Of Queensland returns to help us make a trade decision. For example, suppose you find that Bank Of Queensland 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 |
Bank Of Queensland 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 Queensland stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bank Of Queensland stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bank Of Queensland stock over time.
Current vs Lagged Prices |
| Timeline |
Bank Of Queensland Lagged Returns
When evaluating Bank Of Queensland's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bank Of Queensland stock have on its future price. Bank Of Queensland 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 Queensland autocorrelation shows the relationship between Bank Of Queensland stock current value and its past values and can show if there is a momentum factor associated with investing in Bank Of Queensland.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Bank Stock Analysis
When running Bank Of Queensland's price analysis, check to measure Bank Of Queensland'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 Queensland is operating at the current time. Most of Bank Of Queensland's value examination focuses on studying past and present price action to predict the probability of Bank Of Queensland'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 Queensland's price. Additionally, you may evaluate how the addition of Bank Of Queensland to your portfolios can decrease your overall portfolio volatility.