Booking Holdings (Brazil) Market Value
| BKNG34 Stock | BRL 176.85 1.17 0.66% |
| Symbol | Booking |
Booking Holdings '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 Booking Holdings' 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 Booking Holdings.
| 02/05/2024 |
| 12/31/2024 |
If you would invest 0.00 in Booking Holdings on February 5, 2024 and sell it all today you would earn a total of 0.00 from holding Booking Holdings or generate 0.0% return on investment in Booking Holdings over 330 days. Booking Holdings is related to or competes with CM Hospitalar, Metalurgica Gerdau, Multilaser Industrial, and Metalrgica Riosulense. Booking Holdings Inc. provides travel and restaurant online reservation and related services worldwide More
Booking Holdings 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 Booking Holdings' 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 Booking Holdings upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.52 | |||
| Information Ratio | 0.2437 | |||
| Maximum Drawdown | 9.99 | |||
| Value At Risk | (2.47) | |||
| Potential Upside | 3.28 |
Booking Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Booking Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Booking Holdings' standard deviation. In reality, there are many statistical measures that can use Booking Holdings historical prices to predict the future Booking Holdings' volatility.| Risk Adjusted Performance | 0.2074 | |||
| Jensen Alpha | 0.473 | |||
| Total Risk Alpha | 0.4683 | |||
| Sortino Ratio | 0.3094 | |||
| Treynor Ratio | 0.9586 |
Booking Holdings Backtested Returns
Booking Holdings appears to be out of control, given 3 months investment horizon. Booking Holdings secures Sharpe Ratio (or Efficiency) of 0.28, which signifies that the company had a 0.28% return per unit of risk over the last 3 months. By analyzing Booking Holdings' technical indicators, you can evaluate if the expected return of 0.55% is justified by implied risk. Please makes use of Booking Holdings' Downside Deviation of 1.52, risk adjusted performance of 0.2074, and Mean Deviation of 1.48 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Booking Holdings holds a performance score of 22. The firm shows a Beta (market volatility) of 0.49, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Booking Holdings' returns are expected to increase less than the market. However, during the bear market, the loss of holding Booking Holdings is expected to be smaller as well. Please check Booking Holdings' total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether Booking Holdings' price patterns will revert.
Auto-correlation | 0.93 |
Excellent predictability
Booking Holdings has excellent predictability. Overlapping area represents the amount of predictability between Booking Holdings time series from 5th of February 2024 to 19th of July 2024 and 19th of July 2024 to 31st 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 Booking Holdings price movement. The serial correlation of 0.93 indicates that approximately 93.0% of current Booking Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.93 | |
| Spearman Rank Test | 0.77 | |
| Residual Average | 0.0 | |
| Price Variance | 591.41 |
Booking Holdings lagged returns against current returns
Autocorrelation, which is Booking Holdings 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 Booking Holdings' stock expected returns. We can calculate the autocorrelation of Booking Holdings returns to help us make a trade decision. For example, suppose you find that Booking Holdings 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 |
Booking Holdings 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 Booking Holdings stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Booking Holdings stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Booking Holdings stock over time.
Current vs Lagged Prices |
| Timeline |
Booking Holdings Lagged Returns
When evaluating Booking Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Booking Holdings stock have on its future price. Booking Holdings 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, Booking Holdings autocorrelation shows the relationship between Booking Holdings stock current value and its past values and can show if there is a momentum factor associated with investing in Booking Holdings.
Regressed Prices |
| Timeline |
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Additional Information and Resources on Investing in Booking Stock
When determining whether Booking Holdings is a strong investment it is important to analyze Booking Holdings' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Booking Holdings' future performance. For an informed investment choice regarding Booking Stock, refer to the following important reports:Check out Booking Holdings Correlation, Booking Holdings Volatility and Booking Holdings Alpha and Beta module to complement your research on Booking Holdings. For information on how to trade Booking Stock refer to our How to Trade Booking Stock guide.You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.
Booking Holdings technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.