Bank of Ireland (Ireland) Market Value
| BIRG Stock | EUR 11.66 0.18 1.57% |
| Symbol | Bank |
Bank of Ireland '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 Ireland'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 Ireland.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Bank of Ireland on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Bank of Ireland or generate 0.0% return on investment in Bank of Ireland over 90 days. Bank of Ireland is related to or competes with AIB Group, Kingspan Group, Glanbia PLC, and Ryanair Holdings. Bank of Ireland Group plc provides various banking and financial products and services More
Bank of Ireland 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 Ireland'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 Ireland upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.54 | |||
| Information Ratio | 0.2757 | |||
| Maximum Drawdown | 9.69 | |||
| Value At Risk | (2.27) | |||
| Potential Upside | 4.02 |
Bank of Ireland Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bank of Ireland's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bank of Ireland's standard deviation. In reality, there are many statistical measures that can use Bank of Ireland historical prices to predict the future Bank of Ireland's volatility.| Risk Adjusted Performance | 0.2031 | |||
| Jensen Alpha | 0.477 | |||
| Total Risk Alpha | 0.7031 | |||
| Sortino Ratio | 0.3618 | |||
| Treynor Ratio | 1.77 |
Bank of Ireland Backtested Returns
Bank of Ireland appears to be not too volatile, given 3 months investment horizon. Bank of Ireland secures Sharpe Ratio (or Efficiency) of 0.24, which signifies that the company had a 0.24 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Bank of Ireland, which you can use to evaluate the volatility of the firm. Please makes use of Bank of Ireland's Mean Deviation of 1.59, downside deviation of 1.54, and Risk Adjusted Performance of 0.2031 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Bank of Ireland holds a performance score of 19. The firm shows a Beta (market volatility) of 0.25, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Bank of Ireland's returns are expected to increase less than the market. However, during the bear market, the loss of holding Bank of Ireland is expected to be smaller as well. Please check Bank of Ireland's standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether Bank of Ireland's price patterns will revert.
Auto-correlation | 0.91 |
Excellent predictability
Bank of Ireland has excellent predictability. Overlapping area represents the amount of predictability between Bank of Ireland time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th of March 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 Bank of Ireland price movement. The serial correlation of 0.91 indicates that approximately 91.0% of current Bank of Ireland price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.91 | |
| Spearman Rank Test | 0.9 | |
| Residual Average | 0.0 | |
| Price Variance | 0.83 |
Bank of Ireland lagged returns against current returns
Autocorrelation, which is Bank of Ireland 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 Ireland's stock expected returns. We can calculate the autocorrelation of Bank of Ireland returns to help us make a trade decision. For example, suppose you find that Bank of Ireland 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 Ireland 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 Ireland stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bank of Ireland 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 Ireland stock over time.
Current vs Lagged Prices |
| Timeline |
Bank of Ireland Lagged Returns
When evaluating Bank of Ireland's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bank of Ireland stock have on its future price. Bank of Ireland 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 Ireland autocorrelation shows the relationship between Bank of Ireland stock current value and its past values and can show if there is a momentum factor associated with investing in Bank of Ireland.
Regressed Prices |
| Timeline |
Pair Trading with Bank of Ireland
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 Bank of Ireland 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 Bank of Ireland will appreciate offsetting losses from the drop in the long position's value.Moving together with Bank Stock
| 0.98 | A5G | AIB Group PLC | PairCorr |
| 0.65 | KRZ | Kerry Group | PairCorr |
| 0.82 | KRX | Kingspan Group plc | PairCorr |
| 0.78 | RYA | Ryanair Holdings plc | PairCorr |
Moving against Bank Stock
The ability to find closely correlated positions to Bank of Ireland could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bank of Ireland 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 Bank of Ireland - 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 Bank of Ireland to buy it.
The correlation of Bank of Ireland 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 Bank of Ireland moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bank of Ireland 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 Bank of Ireland 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.Additional Tools for Bank Stock Analysis
When running Bank of Ireland's price analysis, check to measure Bank of Ireland'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 Bank of Ireland is operating at the current time. Most of Bank of Ireland's value examination focuses on studying past and present price action to predict the probability of Bank of Ireland's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bank of Ireland's price. Additionally, you may evaluate how the addition of Bank of Ireland to your portfolios can decrease your overall portfolio volatility.