Icici Bank Limited Stock Market Value
| IBN Stock | USD 30.55 0.32 1.04% |
| Symbol | ICICI |
ICICI Bank Limited Price To Book Ratio
Is Diversified Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of ICICI Bank. If investors know ICICI will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about ICICI Bank listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.182 | Earnings Share 1.57 | Revenue Per Share 466.492 | Quarterly Revenue Growth 0.274 | Return On Assets 0.0216 |
The market value of ICICI Bank Limited is measured differently than its book value, which is the value of ICICI that is recorded on the company's balance sheet. Investors also form their own opinion of ICICI Bank's value that differs from its market value or its book value, called intrinsic value, which is ICICI Bank's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because ICICI Bank's market value can be influenced by many factors that don't directly affect ICICI Bank's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between ICICI Bank's value and its price as these two are different measures arrived at by different means. Investors typically determine if ICICI Bank is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ICICI Bank's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
ICICI Bank '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 ICICI Bank'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 ICICI Bank.
| 09/01/2024 |
| 11/30/2024 |
If you would invest 0.00 in ICICI Bank on September 1, 2024 and sell it all today you would earn a total of 0.00 from holding ICICI Bank Limited or generate 0.0% return on investment in ICICI Bank over 90 days. ICICI Bank is related to or competes with US Bancorp, US Bancorp, KB Financial, Itau Unibanco, KeyCorp, KeyCorp, and US Bancorp. ICICI Bank Limited provides various banking products and services in India and internationally More
ICICI Bank 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 ICICI Bank'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 ICICI Bank Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.33 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 8.58 | |||
| Value At Risk | (2.27) | |||
| Potential Upside | 2.49 |
ICICI Bank Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ICICI Bank's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ICICI Bank's standard deviation. In reality, there are many statistical measures that can use ICICI Bank historical prices to predict the future ICICI Bank's volatility.| Risk Adjusted Performance | 0.0548 | |||
| Jensen Alpha | 0.009 | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.1428 |
ICICI Bank Limited Backtested Returns
As of now, ICICI Stock is very steady. ICICI Bank Limited holds Efficiency (Sharpe) Ratio of 0.0452, which attests that the company had a 0.0452% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for ICICI Bank Limited, which you can use to evaluate the volatility of the entity. Please check out ICICI Bank's downside deviation of 1.33, and Semi Deviation of 1.17 to validate if the risk estimate we provide is consistent with the expected return of 0.0667%. ICICI Bank has a performance score of 3 on a scale of 0 to 100. The firm retains a Market Volatility (i.e., Beta) of 0.59, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, ICICI Bank's returns are expected to increase less than the market. However, during the bear market, the loss of holding ICICI Bank is expected to be smaller as well. ICICI Bank Limited at this time retains a risk of 1.48%. Please check out ICICI Bank total risk alpha, expected short fall, price action indicator, as well as the relationship between the value at risk and daily balance of power , to decide if ICICI Bank will be following its current trending patterns.
Auto-correlation | 0.22 |
Weak predictability
ICICI Bank Limited has weak predictability. Overlapping area represents the amount of predictability between ICICI Bank time series from 1st of September 2024 to 16th of October 2024 and 16th of October 2024 to 30th of November 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 ICICI Bank Limited price movement. The serial correlation of 0.22 indicates that over 22.0% of current ICICI Bank price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.22 | |
| Spearman Rank Test | 0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 0.42 |
ICICI Bank Limited lagged returns against current returns
Autocorrelation, which is ICICI Bank 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 ICICI Bank's stock expected returns. We can calculate the autocorrelation of ICICI Bank returns to help us make a trade decision. For example, suppose you find that ICICI Bank 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 |
ICICI Bank 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 ICICI Bank stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ICICI Bank stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ICICI Bank stock over time.
Current vs Lagged Prices |
| Timeline |
ICICI Bank Lagged Returns
When evaluating ICICI Bank's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ICICI Bank stock have on its future price. ICICI Bank 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, ICICI Bank autocorrelation shows the relationship between ICICI Bank stock current value and its past values and can show if there is a momentum factor associated with investing in ICICI Bank Limited.
Regressed Prices |
| Timeline |
Pair Trading with ICICI Bank
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 ICICI Bank 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 ICICI Bank will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to ICICI Bank could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ICICI Bank 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 ICICI Bank - 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 ICICI Bank Limited to buy it.
The correlation of ICICI Bank 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 ICICI Bank moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ICICI Bank Limited 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 ICICI Bank 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.Check out ICICI Bank Correlation, ICICI Bank Volatility and ICICI Bank Alpha and Beta module to complement your research on ICICI Bank. You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
ICICI Bank technical stock 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, stock market cycles, or different charting patterns.