Bank of Queensland (Australia) Market Value
| BOQPF Preferred Stock | 104.42 0.37 0.36% |
| Symbol | Bank |
Bank of Queensland '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 Queensland's preferred 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 Queensland.
| 12/09/2023 |
| 12/03/2024 |
If you would invest 0.00 in Bank of Queensland on December 9, 2023 and sell it all today you would earn a total of 0.00 from holding Bank of Queensland or generate 0.0% return on investment in Bank of Queensland over 360 days. Bank of Queensland is related to or competes with Bendigo, Bank Of Queensland, BSP Financial, Judo Capital, Auswide Bank, and BNK Banking. More
Bank of Queensland 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 Queensland's preferred 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 Queensland upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.2595 | |||
| Information Ratio | (0.39) | |||
| Maximum Drawdown | 1.39 | |||
| Value At Risk | (0.38) | |||
| Potential Upside | 0.4189 |
Bank of Queensland Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bank of Queensland's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bank of Queensland's standard deviation. In reality, there are many statistical measures that can use Bank of Queensland historical prices to predict the future Bank of Queensland's volatility.| Risk Adjusted Performance | 0.0603 | |||
| Jensen Alpha | 0.0181 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.38) | |||
| Treynor Ratio | (1.31) |
Bank of Queensland Backtested Returns
At this point, Bank of Queensland is very steady. Bank of Queensland secures Sharpe Ratio (or Efficiency) of 0.11, which signifies that the company had a 0.11% return per unit of risk over the last 3 months. We have found thirty technical indicators for Bank of Queensland, which you can use to evaluate the volatility of the firm. Please confirm Bank of Queensland's Downside Deviation of 0.2595, risk adjusted performance of 0.0603, and Mean Deviation of 0.1779 to double-check if the risk estimate we provide is consistent with the expected return of 0.0271%. Bank of Queensland has a performance score of 8 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.0127, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Bank of Queensland are expected to decrease at a much lower rate. During the bear market, Bank of Queensland is likely to outperform the market. Bank of Queensland right now shows a risk of 0.26%. Please confirm Bank of Queensland sortino ratio, skewness, price action indicator, as well as the relationship between the potential upside and rate of daily change , to decide if Bank of Queensland will be following its price patterns.
Auto-correlation | 0.84 |
Very good predictability
Bank of Queensland has very good predictability. Overlapping area represents the amount of predictability between Bank of Queensland time series from 9th of December 2023 to 6th of June 2024 and 6th of June 2024 to 3rd 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 Bank of Queensland price movement. The serial correlation of 0.84 indicates that around 84.0% of current Bank of Queensland price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.84 | |
| Spearman Rank Test | 0.81 | |
| Residual Average | 0.0 | |
| Price Variance | 1.22 |
Bank of Queensland lagged returns against current returns
Autocorrelation, which is Bank of Queensland preferred 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 Queensland's preferred stock expected returns. We can calculate the autocorrelation of Bank of Queensland returns to help us make a trade decision. For example, suppose you find that Bank of Queensland has exhibited high autocorrelation historically, and you observe that the preferred 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 Queensland 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 Queensland preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bank of Queensland preferred 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 Queensland preferred stock over time.
Current vs Lagged Prices |
| Timeline |
Bank of Queensland Lagged Returns
When evaluating Bank of Queensland's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bank of Queensland preferred stock have on its future price. Bank of Queensland 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 Queensland autocorrelation shows the relationship between Bank of Queensland preferred stock current value and its past values and can show if there is a momentum factor associated with investing in Bank of Queensland.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Bank Preferred Stock
Bank of Queensland financial ratios help investors to determine whether Bank Preferred Stock 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 Bank with respect to the benefits of owning Bank of Queensland security.