Banco Products' market value is the price at which a share of Banco Products trades on a public exchange. It measures the collective expectations of Banco Products Limited investors about its performance. Banco Products is selling at 475.45 as of the 2nd of January 2025; that is 0.34 percent decrease since the beginning of the trading day. The stock's open price was 477.05. With this module, you can estimate the performance of a buy and hold strategy of Banco Products Limited and determine expected loss or profit from investing in Banco Products over a given investment horizon. Check out Banco Products Correlation, Banco Products Volatility and Banco Products Alpha and Beta module to complement your research on Banco Products.
Please note, there is a significant difference between Banco Products' value and its price as these two are different measures arrived at by different means. Investors typically determine if Banco Products is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Banco Products' 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.
Banco Products '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 Banco Products' 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 Banco Products.
0.00
12/03/2024
No Change 0.00
0.0
In 31 days
01/02/2025
0.00
If you would invest 0.00 in Banco Products on December 3, 2024 and sell it all today you would earn a total of 0.00 from holding Banco Products Limited or generate 0.0% return on investment in Banco Products over 30 days. Banco Products is related to or competes with Reliance Industries, Tata Consultancy, HDFC Bank, and Bharti Airtel. Banco Products is entity of India. It is traded as Stock on NSE exchange. More
Banco Products 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 Banco Products' 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 Banco Products Limited upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Banco Products' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Banco Products' standard deviation. In reality, there are many statistical measures that can use Banco Products historical prices to predict the future Banco Products' volatility.
Banco Products is very steady given 3 months investment horizon. Banco Products secures Sharpe Ratio (or Efficiency) of 0.0876, which signifies that the company had a 0.0876% return per unit of risk over the last 3 months. We were able to break down twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.32% are justified by taking the suggested risk. Use Banco Products Mean Deviation of 5.6, risk adjusted performance of 0.0869, and Downside Deviation of 9.17 to evaluate company specific risk that cannot be diversified away. Banco Products holds a performance score of 6 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -1.18, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Banco Products are expected to decrease by larger amounts. On the other hand, during market turmoil, Banco Products is expected to outperform it. Use Banco Products sortino ratio, skewness, price action indicator, as well as the relationship between the potential upside and rate of daily change , to analyze future returns on Banco Products.
Auto-correlation
0.30
Below average predictability
Banco Products Limited has below average predictability. Overlapping area represents the amount of predictability between Banco Products time series from 3rd of December 2024 to 18th of December 2024 and 18th of December 2024 to 2nd of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Banco Products price movement. The serial correlation of 0.3 indicates that nearly 30.0% of current Banco Products price fluctuation can be explain by its past prices.
Correlation Coefficient
0.3
Spearman Rank Test
0.33
Residual Average
0.0
Price Variance
565.06
Banco Products lagged returns against current returns
Autocorrelation, which is Banco Products 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 Banco Products' stock expected returns. We can calculate the autocorrelation of Banco Products returns to help us make a trade decision. For example, suppose you find that Banco Products 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
Banco Products 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 Banco Products stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Banco Products stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Banco Products stock over time.
Current vs Lagged Prices
Timeline
Banco Products Lagged Returns
When evaluating Banco Products' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Banco Products stock have on its future price. Banco Products 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, Banco Products autocorrelation shows the relationship between Banco Products stock current value and its past values and can show if there is a momentum factor associated with investing in Banco Products 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.
Banco Products financial ratios help investors to determine whether Banco 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 Banco with respect to the benefits of owning Banco Products security.