BANK RAKYAT (Germany) Market Value
| BYRA Stock | EUR 0.24 0.01 4.35% |
| Symbol | BANK |
BANK RAKYAT '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 RAKYAT'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 BANK RAKYAT.
| 12/17/2023 |
| 12/11/2024 |
If you would invest 0.00 in BANK RAKYAT on December 17, 2023 and sell it all today you would earn a total of 0.00 from holding BANK RAKYAT IND or generate 0.0% return on investment in BANK RAKYAT over 360 days. BANK RAKYAT is related to or competes with DICKER DATA, DATANG INTL, Evolution Mining, Scandinavian Tobacco, MINCO SILVER, Data#3, and British American. More
BANK RAKYAT 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 RAKYAT'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 BANK RAKYAT IND upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 10.02 | |||
| Value At Risk | (4.00) | |||
| Potential Upside | 4.17 |
BANK RAKYAT Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BANK RAKYAT's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BANK RAKYAT's standard deviation. In reality, there are many statistical measures that can use BANK RAKYAT historical prices to predict the future BANK RAKYAT's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.24) | |||
| Total Risk Alpha | (0.58) | |||
| Treynor Ratio | (0.99) |
BANK RAKYAT IND Backtested Returns
BANK RAKYAT IND secures Sharpe Ratio (or Efficiency) of -0.12, which signifies that the company had a -0.12% return per unit of risk over the last 3 months. BANK RAKYAT IND exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm BANK RAKYAT's Variance of 5.12, mean deviation of 1.39, and Coefficient Of Variation of (1,089) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.22, which signifies not very significant fluctuations relative to the market. As returns on the market increase, BANK RAKYAT's returns are expected to increase less than the market. However, during the bear market, the loss of holding BANK RAKYAT is expected to be smaller as well. At this point, BANK RAKYAT IND has a negative expected return of -0.27%. Please make sure to confirm BANK RAKYAT's information ratio, total risk alpha, potential upside, as well as the relationship between the jensen alpha and treynor ratio , to decide if BANK RAKYAT IND performance from the past will be repeated in the future.
Auto-correlation | 0.43 |
Average predictability
BANK RAKYAT IND has average predictability. Overlapping area represents the amount of predictability between BANK RAKYAT time series from 17th of December 2023 to 14th of June 2024 and 14th of June 2024 to 11th 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 RAKYAT IND price movement. The serial correlation of 0.43 indicates that just about 43.0% of current BANK RAKYAT price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.43 | |
| Spearman Rank Test | -0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
BANK RAKYAT IND lagged returns against current returns
Autocorrelation, which is BANK RAKYAT 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 RAKYAT's stock expected returns. We can calculate the autocorrelation of BANK RAKYAT returns to help us make a trade decision. For example, suppose you find that BANK RAKYAT 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 |
BANK RAKYAT 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 RAKYAT stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BANK RAKYAT stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BANK RAKYAT stock over time.
Current vs Lagged Prices |
| Timeline |
BANK RAKYAT Lagged Returns
When evaluating BANK RAKYAT's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BANK RAKYAT stock have on its future price. BANK RAKYAT 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 RAKYAT autocorrelation shows the relationship between BANK RAKYAT stock current value and its past values and can show if there is a momentum factor associated with investing in BANK RAKYAT IND.
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.Other Information on Investing in BANK Stock
BANK RAKYAT financial ratios help investors to determine whether BANK 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 RAKYAT security.