Popular Stock Market Value
| BPOPO Stock | USD 24.02 0.58 2.36% |
| Symbol | Popular |
Popular '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 Popular'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 Popular.
| 11/16/2024 |
| 12/16/2024 |
If you would invest 0.00 in Popular on November 16, 2024 and sell it all today you would earn a total of 0.00 from holding Popular or generate 0.0% return on investment in Popular over 30 days. Popular is related to or competes with Penns Woods, 1st Source, Great Southern, Waterstone Financial, Rhinebeck Bancorp, Plumas Bancorp, and Finward Bancorp. Popular, Inc., through its subsidiaries, provides various retail, mortgage, and commercial banking products and services... More
Popular 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 Popular'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 Popular upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 6.4 | |||
| Value At Risk | (1.93) | |||
| Potential Upside | 1.19 |
Popular Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Popular's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Popular's standard deviation. In reality, there are many statistical measures that can use Popular historical prices to predict the future Popular's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.13) | |||
| Treynor Ratio | (0.08) |
Popular Backtested Returns
Popular maintains Sharpe Ratio (i.e., Efficiency) of -0.0359, which implies the firm had a -0.0359% return per unit of risk over the last 3 months. Popular exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Popular's Risk Adjusted Performance of (0.01), variance of 0.9986, and Coefficient Of Variation of (6,347) to confirm the risk estimate we provide. The company holds a Beta of 0.34, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Popular's returns are expected to increase less than the market. However, during the bear market, the loss of holding Popular is expected to be smaller as well. At this point, Popular has a negative expected return of -0.0351%. Please make sure to check Popular's potential upside, as well as the relationship between the rate of daily change and period momentum indicator , to decide if Popular performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.56 |
Modest predictability
Popular has modest predictability. Overlapping area represents the amount of predictability between Popular time series from 16th of November 2024 to 1st of December 2024 and 1st of December 2024 to 16th 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 Popular price movement. The serial correlation of 0.56 indicates that roughly 56.0% of current Popular price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.56 | |
| Spearman Rank Test | 0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Popular lagged returns against current returns
Autocorrelation, which is Popular 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 Popular's pink sheet expected returns. We can calculate the autocorrelation of Popular returns to help us make a trade decision. For example, suppose you find that Popular 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 |
Popular 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 Popular pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Popular pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Popular pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Popular Lagged Returns
When evaluating Popular's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Popular pink sheet have on its future price. Popular 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, Popular autocorrelation shows the relationship between Popular pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Popular.
Regressed Prices |
| Timeline |
Pair Trading with Popular
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Popular position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Popular will appreciate offsetting losses from the drop in the long position's value.Moving against Popular Pink Sheet
The ability to find closely correlated positions to Popular could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Popular when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Popular - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Popular to buy it.
The correlation of Popular is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Popular moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Popular moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Popular can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Information and Resources on Investing in Popular Pink Sheet
When determining whether Popular is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Popular Pink Sheet is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Popular Stock. Highlighted below are key reports to facilitate an investment decision about Popular Stock:Check out Popular Correlation, Popular Volatility and Popular Alpha and Beta module to complement your research on Popular. To learn how to invest in Popular Pink Sheet, please use our How to Invest in Popular guide.You can also try the Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.
Popular technical pink sheet analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, pink sheet market cycles, or different charting patterns.