BNP Paribas (Poland) Market Value
| BNP Stock | 81.80 0.60 0.74% |
| Symbol | BNP |
BNP Paribas '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 BNP Paribas' 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 BNP Paribas.
| 12/12/2022 |
| 12/01/2024 |
If you would invest 0.00 in BNP Paribas on December 12, 2022 and sell it all today you would earn a total of 0.00 from holding BNP Paribas Bank or generate 0.0% return on investment in BNP Paribas over 720 days. BNP Paribas is related to or competes with MCI Management, MW Trade, Movie Games, and Pyramid Games. More
BNP Paribas 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 BNP Paribas' 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 BNP Paribas Bank upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.23) | |||
| Maximum Drawdown | 7.67 | |||
| Value At Risk | (3.76) | |||
| Potential Upside | 2.86 |
BNP Paribas Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BNP Paribas' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BNP Paribas' standard deviation. In reality, there are many statistical measures that can use BNP Paribas historical prices to predict the future BNP Paribas' volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.38) | |||
| Total Risk Alpha | (0.66) | |||
| Treynor Ratio | (0.81) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of BNP Paribas' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
BNP Paribas Bank Backtested Returns
BNP Paribas Bank secures Sharpe Ratio (or Efficiency) of -0.18, which signifies that the company had a -0.18% return per unit of risk over the last 3 months. BNP Paribas Bank exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm BNP Paribas' risk adjusted performance of (0.11), and Mean Deviation of 1.64 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.4, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, BNP Paribas' returns are expected to increase less than the market. However, during the bear market, the loss of holding BNP Paribas is expected to be smaller as well. At this point, BNP Paribas Bank has a negative expected return of -0.36%. Please make sure to confirm BNP Paribas' accumulation distribution, and the relationship between the value at risk and day typical price , to decide if BNP Paribas Bank performance from the past will be repeated in the future.
Auto-correlation | -0.13 |
Insignificant reverse predictability
BNP Paribas Bank has insignificant reverse predictability. Overlapping area represents the amount of predictability between BNP Paribas 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 BNP Paribas Bank price movement. The serial correlation of -0.13 indicates that less than 13.0% of current BNP Paribas price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.13 | |
| Spearman Rank Test | 0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 66.48 |
BNP Paribas Bank lagged returns against current returns
Autocorrelation, which is BNP Paribas 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 BNP Paribas' stock expected returns. We can calculate the autocorrelation of BNP Paribas returns to help us make a trade decision. For example, suppose you find that BNP Paribas 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 |
BNP Paribas 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 BNP Paribas stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BNP Paribas stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BNP Paribas stock over time.
Current vs Lagged Prices |
| Timeline |
BNP Paribas Lagged Returns
When evaluating BNP Paribas' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BNP Paribas stock have on its future price. BNP Paribas 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, BNP Paribas autocorrelation shows the relationship between BNP Paribas stock current value and its past values and can show if there is a momentum factor associated with investing in BNP Paribas Bank.
Regressed Prices |
| Timeline |
Pair Trading with BNP Paribas
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 BNP Paribas 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 BNP Paribas will appreciate offsetting losses from the drop in the long position's value.Moving together with BNP Stock
| 0.75 | SPL | Santander Bank Polska | PairCorr |
| 0.83 | PEO | Bank Polska Kasa | PairCorr |
| 0.81 | ING | ING Bank lski | PairCorr |
| 0.91 | MBK | mBank SA | PairCorr |
Moving against BNP Stock
| 0.69 | DNP | Dino Polska SA | PairCorr |
| 0.46 | UCG | UniCredit SpA | PairCorr |
| 0.41 | ADV | Adiuvo Investment | PairCorr |
| 0.35 | ALG | All In Games | PairCorr |
The ability to find closely correlated positions to BNP Paribas could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BNP Paribas 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 BNP Paribas - 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 BNP Paribas Bank to buy it.
The correlation of BNP Paribas 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 BNP Paribas moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BNP Paribas Bank 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 BNP Paribas 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 BNP Stock Analysis
When running BNP Paribas' price analysis, check to measure BNP Paribas' 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 BNP Paribas is operating at the current time. Most of BNP Paribas' value examination focuses on studying past and present price action to predict the probability of BNP Paribas' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move BNP Paribas' price. Additionally, you may evaluate how the addition of BNP Paribas to your portfolios can decrease your overall portfolio volatility.