Banco Macro (Argentina) Market Value
| BMA Stock | ARS 10,075 135.00 1.36% |
| Symbol | Banco |
Banco Macro '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 Macro'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 Banco Macro.
| 03/13/2023 |
| 03/02/2025 |
If you would invest 0.00 in Banco Macro on March 13, 2023 and sell it all today you would earn a total of 0.00 from holding Banco Macro SA or generate 0.0% return on investment in Banco Macro over 720 days. Banco Macro is related to or competes with Compania, Harmony Gold, Agrometal SAI, Transportadora, and Verizon Communications. Banco Macro S.A. provides various banking products and services to individuals and corporate customers in Argentina More
Banco Macro 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 Macro'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 Banco Macro SA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.66 | |||
| Information Ratio | 0.0509 | |||
| Maximum Drawdown | 24.7 | |||
| Value At Risk | (5.97) | |||
| Potential Upside | 7.13 |
Banco Macro Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Banco Macro's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Banco Macro's standard deviation. In reality, there are many statistical measures that can use Banco Macro historical prices to predict the future Banco Macro's volatility.| Risk Adjusted Performance | 0.0436 | |||
| Jensen Alpha | 0.1958 | |||
| Total Risk Alpha | 0.3355 | |||
| Sortino Ratio | 0.0607 | |||
| Treynor Ratio | (1.36) |
Banco Macro SA Backtested Returns
At this point, Banco Macro is very steady. Banco Macro SA secures Sharpe Ratio (or Efficiency) of 0.0362, which signifies that the company had a 0.0362 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Banco Macro SA, which you can use to evaluate the volatility of the firm. Please confirm Banco Macro's Mean Deviation of 3.17, risk adjusted performance of 0.0436, and Downside Deviation of 3.66 to double-check if the risk estimate we provide is consistent with the expected return of 0.16%. Banco Macro has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.15, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Banco Macro are expected to decrease at a much lower rate. During the bear market, Banco Macro is likely to outperform the market. Banco Macro SA right now shows a risk of 4.4%. Please confirm Banco Macro SA standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to decide if Banco Macro SA will be following its price patterns.
Auto-correlation | 0.88 |
Very good predictability
Banco Macro SA has very good predictability. Overlapping area represents the amount of predictability between Banco Macro time series from 13th of March 2023 to 7th of March 2024 and 7th of March 2024 to 2nd 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 Banco Macro SA price movement. The serial correlation of 0.88 indicates that approximately 88.0% of current Banco Macro price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.88 | |
| Spearman Rank Test | 0.88 | |
| Residual Average | 0.0 | |
| Price Variance | 5.3 M |
Banco Macro SA lagged returns against current returns
Autocorrelation, which is Banco Macro 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 Macro's stock expected returns. We can calculate the autocorrelation of Banco Macro returns to help us make a trade decision. For example, suppose you find that Banco Macro 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 Macro 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 Macro stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Banco Macro stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Banco Macro stock over time.
Current vs Lagged Prices |
| Timeline |
Banco Macro Lagged Returns
When evaluating Banco Macro's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Banco Macro stock have on its future price. Banco Macro 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 Macro autocorrelation shows the relationship between Banco Macro stock current value and its past values and can show if there is a momentum factor associated with investing in Banco Macro SA.
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.Additional Information and Resources on Investing in Banco Stock
When determining whether Banco Macro SA offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Banco Macro's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Banco Macro Sa Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Banco Macro Sa Stock:Check out Banco Macro Correlation, Banco Macro Volatility and Banco Macro Alpha and Beta module to complement your research on Banco Macro. You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
Banco Macro 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.