REPUBLIC BANK (Ghana) Market Value
| RBGH Stock | 0.66 0.00 0.00% |
| Symbol | REPUBLIC |
REPUBLIC 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 REPUBLIC 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 REPUBLIC BANK.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in REPUBLIC BANK on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding REPUBLIC BANK LIMITED or generate 0.0% return on investment in REPUBLIC BANK over 30 days.
REPUBLIC 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 REPUBLIC 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 REPUBLIC BANK LIMITED upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1075 | |||
| Maximum Drawdown | 10.0 |
REPUBLIC BANK Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for REPUBLIC BANK's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as REPUBLIC BANK's standard deviation. In reality, there are many statistical measures that can use REPUBLIC BANK historical prices to predict the future REPUBLIC BANK's volatility.| Risk Adjusted Performance | 0.1329 | |||
| Jensen Alpha | 0.2964 | |||
| Total Risk Alpha | 0.0479 | |||
| Treynor Ratio | (1.65) |
REPUBLIC BANK LIMITED Backtested Returns
Currently, REPUBLIC BANK LIMITED is very risky. REPUBLIC BANK LIMITED maintains Sharpe Ratio (i.e., Efficiency) of 0.13, which implies the firm had a 0.13% return per unit of standard deviation over the last 3 months. We have found sixteen technical indicators for REPUBLIC BANK LIMITED, which you can use to evaluate the volatility of the company. Please check REPUBLIC BANK's Risk Adjusted Performance of 0.1329, market risk adjusted performance of (1.64), and Coefficient Of Variation of 570.69 to confirm if the risk estimate we provide is consistent with the expected return of 0.16%. REPUBLIC BANK has a performance score of 9 on a scale of 0 to 100. The company holds a Beta of -0.17, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning REPUBLIC BANK are expected to decrease at a much lower rate. During the bear market, REPUBLIC BANK is likely to outperform the market. REPUBLIC BANK LIMITED currently holds a risk of 1.26%. Please check REPUBLIC BANK LIMITED kurtosis, day median price, and the relationship between the skewness and rate of daily change , to decide if REPUBLIC BANK LIMITED will be following its historical price patterns.
Auto-correlation | 0.00 |
No correlation between past and present
REPUBLIC BANK LIMITED has no correlation between past and present. Overlapping area represents the amount of predictability between REPUBLIC BANK time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th 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 REPUBLIC BANK LIMITED price movement. The serial correlation of 0.0 indicates that just 0.0% of current REPUBLIC BANK price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
REPUBLIC BANK LIMITED lagged returns against current returns
Autocorrelation, which is REPUBLIC 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 REPUBLIC BANK's stock expected returns. We can calculate the autocorrelation of REPUBLIC BANK returns to help us make a trade decision. For example, suppose you find that REPUBLIC 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 |
REPUBLIC 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 REPUBLIC BANK stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if REPUBLIC BANK stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in REPUBLIC BANK stock over time.
Current vs Lagged Prices |
| Timeline |
REPUBLIC BANK Lagged Returns
When evaluating REPUBLIC BANK's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of REPUBLIC BANK stock have on its future price. REPUBLIC 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, REPUBLIC BANK autocorrelation shows the relationship between REPUBLIC BANK stock current value and its past values and can show if there is a momentum factor associated with investing in REPUBLIC BANK 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.Additional Tools for REPUBLIC Stock Analysis
When running REPUBLIC BANK's price analysis, check to measure REPUBLIC BANK'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 REPUBLIC BANK is operating at the current time. Most of REPUBLIC BANK's value examination focuses on studying past and present price action to predict the probability of REPUBLIC BANK's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move REPUBLIC BANK's price. Additionally, you may evaluate how the addition of REPUBLIC BANK to your portfolios can decrease your overall portfolio volatility.