BNK Banking (Australia) Market Value
| BBC Stock | 0.33 0.01 3.13% |
| Symbol | BNK |
BNK Banking '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 BNK Banking'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 BNK Banking.
| 12/12/2022 |
| 12/01/2024 |
If you would invest 0.00 in BNK Banking on December 12, 2022 and sell it all today you would earn a total of 0.00 from holding BNK Banking or generate 0.0% return on investment in BNK Banking over 720 days. BNK Banking is related to or competes with Viva Leisure, Clime Investment, Aurelia Metals, and Ainsworth Game. BNK Banking is entity of Australia. It is traded as Stock on AU exchange. More
BNK Banking 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 BNK Banking'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 BNK Banking upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.11 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 18.5 | |||
| Value At Risk | (5.71) | |||
| Potential Upside | 5.88 |
BNK Banking Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BNK Banking's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BNK Banking's standard deviation. In reality, there are many statistical measures that can use BNK Banking historical prices to predict the future BNK Banking's volatility.| Risk Adjusted Performance | 0.01 | |||
| Jensen Alpha | 0.0142 | |||
| Total Risk Alpha | (0.56) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | (0) |
BNK Banking Backtested Returns
BNK Banking secures Sharpe Ratio (or Efficiency) of -0.0389, which signifies that the company had a -0.0389% return per unit of return volatility over the last 3 months. BNK Banking exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm BNK Banking's Risk Adjusted Performance of 0.01, semi deviation of 2.55, and Mean Deviation of 1.91 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.11, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning BNK Banking are expected to decrease at a much lower rate. During the bear market, BNK Banking is likely to outperform the market. At this point, BNK Banking has a negative expected return of -0.12%. Please make sure to confirm BNK Banking's downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if BNK Banking performance from the past will be repeated in the future.
Auto-correlation | 0.67 |
Good predictability
BNK Banking has good predictability. Overlapping area represents the amount of predictability between BNK Banking time series from 12th of December 2022 to 7th of December 2023 and 7th of December 2023 to 1st 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 BNK Banking price movement. The serial correlation of 0.67 indicates that around 67.0% of current BNK Banking price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.67 | |
| Spearman Rank Test | 0.44 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
BNK Banking lagged returns against current returns
Autocorrelation, which is BNK Banking 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 BNK Banking's stock expected returns. We can calculate the autocorrelation of BNK Banking returns to help us make a trade decision. For example, suppose you find that BNK Banking 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 |
BNK Banking 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 BNK Banking stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BNK Banking stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BNK Banking stock over time.
Current vs Lagged Prices |
| Timeline |
BNK Banking Lagged Returns
When evaluating BNK Banking's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BNK Banking stock have on its future price. BNK Banking 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, BNK Banking autocorrelation shows the relationship between BNK Banking stock current value and its past values and can show if there is a momentum factor associated with investing in BNK Banking.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for BNK Stock Analysis
When running BNK Banking's price analysis, check to measure BNK Banking'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 BNK Banking is operating at the current time. Most of BNK Banking's value examination focuses on studying past and present price action to predict the probability of BNK Banking's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move BNK Banking's price. Additionally, you may evaluate how the addition of BNK Banking to your portfolios can decrease your overall portfolio volatility.