Benchmark Bankshares Stock Market Value
| BMBN Stock | USD 26.00 0.99 3.96% |
| Symbol | Benchmark |
Benchmark Bankshares '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 Benchmark Bankshares' pink sheet 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 Benchmark Bankshares.
| 01/05/2023 |
| 12/25/2024 |
If you would invest 0.00 in Benchmark Bankshares on January 5, 2023 and sell it all today you would earn a total of 0.00 from holding Benchmark Bankshares or generate 0.0% return on investment in Benchmark Bankshares over 720 days. Benchmark Bankshares is related to or competes with Citizens Financial, Farmers Bancorp, Alpine Banks, and First Financial. Benchmark Bankshares, Inc. operates as the holding company for Benchmark Community Bank that provides various banking pr... More
Benchmark Bankshares 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 Benchmark Bankshares' pink sheet 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 Benchmark Bankshares upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.76 | |||
| Information Ratio | 0.2164 | |||
| Maximum Drawdown | 11.39 | |||
| Value At Risk | (0.70) | |||
| Potential Upside | 2.88 |
Benchmark Bankshares Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Benchmark Bankshares' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Benchmark Bankshares' standard deviation. In reality, there are many statistical measures that can use Benchmark Bankshares historical prices to predict the future Benchmark Bankshares' volatility.| Risk Adjusted Performance | 0.2036 | |||
| Jensen Alpha | 0.33 | |||
| Total Risk Alpha | 0.2681 | |||
| Sortino Ratio | 0.106 | |||
| Treynor Ratio | (3.40) |
Benchmark Bankshares Backtested Returns
Benchmark Bankshares appears to be very steady, given 3 months investment horizon. Benchmark Bankshares secures Sharpe Ratio (or Efficiency) of 0.23, which signifies that the company had a 0.23% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Benchmark Bankshares, which you can use to evaluate the volatility of the firm. Please makes use of Benchmark Bankshares' Mean Deviation of 0.7662, downside deviation of 2.76, and Risk Adjusted Performance of 0.2036 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Benchmark Bankshares holds a performance score of 18. The firm shows a Beta (market volatility) of -0.096, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Benchmark Bankshares are expected to decrease at a much lower rate. During the bear market, Benchmark Bankshares is likely to outperform the market. Please check Benchmark Bankshares' sortino ratio, skewness, price action indicator, as well as the relationship between the potential upside and rate of daily change , to make a quick decision on whether Benchmark Bankshares' price patterns will revert.
Auto-correlation | -0.02 |
Very weak reverse predictability
Benchmark Bankshares has very weak reverse predictability. Overlapping area represents the amount of predictability between Benchmark Bankshares time series from 5th of January 2023 to 31st of December 2023 and 31st of December 2023 to 25th 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 Benchmark Bankshares price movement. The serial correlation of -0.02 indicates that only 2.0% of current Benchmark Bankshares price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.02 | |
| Spearman Rank Test | 0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 1.17 |
Benchmark Bankshares lagged returns against current returns
Autocorrelation, which is Benchmark Bankshares pink sheet'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 Benchmark Bankshares' pink sheet expected returns. We can calculate the autocorrelation of Benchmark Bankshares returns to help us make a trade decision. For example, suppose you find that Benchmark Bankshares has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Benchmark Bankshares 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 Benchmark Bankshares pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Benchmark Bankshares pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Benchmark Bankshares pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Benchmark Bankshares Lagged Returns
When evaluating Benchmark Bankshares' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Benchmark Bankshares pink sheet have on its future price. Benchmark Bankshares 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, Benchmark Bankshares autocorrelation shows the relationship between Benchmark Bankshares pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Benchmark Bankshares.
Regressed Prices |
| Timeline |
Pair Trading with Benchmark Bankshares
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 Benchmark Bankshares 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 Benchmark Bankshares will appreciate offsetting losses from the drop in the long position's value.Moving together with Benchmark Pink Sheet
Moving against Benchmark Pink Sheet
| 0.88 | DPSTF | Deutsche Post AG | PairCorr |
| 0.85 | VWAGY | Volkswagen AG 110 | PairCorr |
| 0.84 | VWAPY | Volkswagen AG Pref | PairCorr |
| 0.82 | VLKAF | Volkswagen AG | PairCorr |
| 0.8 | VLKPF | Volkswagen AG VZO | PairCorr |
The ability to find closely correlated positions to Benchmark Bankshares could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Benchmark Bankshares 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 Benchmark Bankshares - 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 Benchmark Bankshares to buy it.
The correlation of Benchmark Bankshares 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 Benchmark Bankshares moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Benchmark Bankshares 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 Benchmark Bankshares 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.Other Information on Investing in Benchmark Pink Sheet
Benchmark Bankshares financial ratios help investors to determine whether Benchmark Pink Sheet 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 Benchmark with respect to the benefits of owning Benchmark Bankshares security.