BANK CENTRAL (Germany) Market Value
| BZG2 Stock | EUR 0.59 0.01 1.72% |
| Symbol | BANK |
BANK CENTRAL '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 CENTRAL'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 CENTRAL.
| 12/07/2023 |
| 12/01/2024 |
If you would invest 0.00 in BANK CENTRAL on December 7, 2023 and sell it all today you would earn a total of 0.00 from holding BANK CENTRAL ASIA or generate 0.0% return on investment in BANK CENTRAL over 360 days. BANK CENTRAL is related to or competes with SIVERS SEMICONDUCTORS, Darden Restaurants, Reliance Steel, Q2M Managementberatu, Hyster-Yale Materials, Hastings Technology, and Meli Hotels. More
BANK CENTRAL 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 CENTRAL'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 CENTRAL ASIA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 12.91 | |||
| Potential Upside | 1.72 |
BANK CENTRAL Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BANK CENTRAL's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BANK CENTRAL's standard deviation. In reality, there are many statistical measures that can use BANK CENTRAL historical prices to predict the future BANK CENTRAL's volatility.| Risk Adjusted Performance | 0.024 | |||
| Jensen Alpha | 0.0386 | |||
| Total Risk Alpha | (0.22) | |||
| Treynor Ratio | (0.30) |
BANK CENTRAL ASIA Backtested Returns
Currently, BANK CENTRAL ASIA is dangerous. BANK CENTRAL ASIA secures Sharpe Ratio (or Efficiency) of 0.0251, which signifies that the company had a 0.0251% return per unit of risk over the last 3 months. We have found twenty technical indicators for BANK CENTRAL ASIA, which you can use to evaluate the volatility of the entity. Please confirm BANK CENTRAL's Variance of 2.18, mean deviation of 0.495, and Coefficient Of Variation of 3980.05 to double-check if the risk estimate we provide is consistent with the expected return of 0.0371%. BANK CENTRAL has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.0903, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning BANK CENTRAL are expected to decrease at a much lower rate. During the bear market, BANK CENTRAL is likely to outperform the market. BANK CENTRAL ASIA at this time shows a risk of 1.47%. Please confirm BANK CENTRAL ASIA total risk alpha, skewness, and the relationship between the jensen alpha and potential upside , to decide if BANK CENTRAL ASIA will be following its price patterns.
Auto-correlation | -0.12 |
Insignificant reverse predictability
BANK CENTRAL ASIA has insignificant reverse predictability. Overlapping area represents the amount of predictability between BANK CENTRAL time series from 7th of December 2023 to 4th of June 2024 and 4th of June 2024 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 BANK CENTRAL ASIA price movement. The serial correlation of -0.12 indicates that less than 12.0% of current BANK CENTRAL price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.12 | |
| Spearman Rank Test | 0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
BANK CENTRAL ASIA lagged returns against current returns
Autocorrelation, which is BANK CENTRAL 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 CENTRAL's stock expected returns. We can calculate the autocorrelation of BANK CENTRAL returns to help us make a trade decision. For example, suppose you find that BANK CENTRAL 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 |
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BANK CENTRAL 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 CENTRAL stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BANK CENTRAL stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BANK CENTRAL stock over time.
Current vs Lagged Prices |
| Timeline |
BANK CENTRAL Lagged Returns
When evaluating BANK CENTRAL's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BANK CENTRAL stock have on its future price. BANK CENTRAL 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 CENTRAL autocorrelation shows the relationship between BANK CENTRAL stock current value and its past values and can show if there is a momentum factor associated with investing in BANK CENTRAL ASIA.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for BANK Stock Analysis
When running BANK CENTRAL's price analysis, check to measure BANK CENTRAL's 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 BANK CENTRAL is operating at the current time. Most of BANK CENTRAL's value examination focuses on studying past and present price action to predict the probability of BANK CENTRAL's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move BANK CENTRAL's price. Additionally, you may evaluate how the addition of BANK CENTRAL to your portfolios can decrease your overall portfolio volatility.