Bank of China (Germany) Market Value
| W8V Stock | EUR 0.43 0.01 2.27% |
| Symbol | Bank |
Bank of China '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 China'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 China.
| 11/02/2024 |
| 12/02/2024 |
If you would invest 0.00 in Bank of China on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding Bank of China or generate 0.0% return on investment in Bank of China over 30 days. Bank of China is related to or competes with Perdoceo Education, Strategic Education, ONWARD MEDICAL, CompuGroup Medical, Merit Medical, IDP EDUCATION, and DEVRY EDUCATION. Bank of China Limited, together with its subsidiaries, provides a range of banking and related financial services in the... More
Bank of China 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 China'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 China upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.79 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 11.94 | |||
| Value At Risk | (2.50) | |||
| Potential Upside | 2.56 |
Bank of China Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bank of China's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bank of China's standard deviation. In reality, there are many statistical measures that can use Bank of China historical prices to predict the future Bank of China's volatility.| Risk Adjusted Performance | 0.0408 | |||
| Jensen Alpha | 0.029 | |||
| Total Risk Alpha | (0.26) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.1964 |
Bank of China Backtested Returns
At this point, Bank of China is extremely dangerous. Bank of China secures Sharpe Ratio (or Efficiency) of 0.0455, which signifies that the company had a 0.0455% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Bank of China, which you can use to evaluate the volatility of the firm. Please confirm Bank of China's Downside Deviation of 2.79, mean deviation of 1.39, and Risk Adjusted Performance of 0.0408 to double-check if the risk estimate we provide is consistent with the expected return of 0.0944%. Bank of China has a performance score of 3 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.42, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Bank of China's returns are expected to increase less than the market. However, during the bear market, the loss of holding Bank of China is expected to be smaller as well. Bank of China right now shows a risk of 2.08%. Please confirm Bank of China potential upside, skewness, and the relationship between the maximum drawdown and semi variance , to decide if Bank of China will be following its price patterns.
Auto-correlation | -0.16 |
Insignificant reverse predictability
Bank of China has insignificant reverse predictability. Overlapping area represents the amount of predictability between Bank of China time series from 2nd of November 2024 to 17th of November 2024 and 17th of November 2024 to 2nd 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 China price movement. The serial correlation of -0.16 indicates that over 16.0% of current Bank of China price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.16 | |
| Spearman Rank Test | -0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Bank of China lagged returns against current returns
Autocorrelation, which is Bank of China 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 China's stock expected returns. We can calculate the autocorrelation of Bank of China returns to help us make a trade decision. For example, suppose you find that Bank of China 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 China 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 China stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bank of China 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 China stock over time.
Current vs Lagged Prices |
| Timeline |
Bank of China Lagged Returns
When evaluating Bank of China's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bank of China stock have on its future price. Bank of China 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 China autocorrelation shows the relationship between Bank of China stock current value and its past values and can show if there is a momentum factor associated with investing in Bank of China.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Bank Stock
Bank of China financial ratios help investors to determine whether Bank Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Bank with respect to the benefits of owning Bank of China security.