Credicorp (Germany) Market Value
| D8V Stock | EUR 177.00 1.00 0.57% |
| Symbol | Credicorp |
Credicorp '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 Credicorp'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 Credicorp.
| 12/08/2024 |
| 01/07/2025 |
If you would invest 0.00 in Credicorp on December 8, 2024 and sell it all today you would earn a total of 0.00 from holding Credicorp or generate 0.0% return on investment in Credicorp over 30 days. Credicorp is related to or competes with Teradata Corp, JD SPORTS, CN DATANG, Linedata Services, INFORMATION SVC, TERADATA, and Jacquet Metal. Credicorp Ltd., a financial services holding company, provides various financial, insurance, and health services and pro... More
Credicorp 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 Credicorp'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 Credicorp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.48 | |||
| Information Ratio | 0.058 | |||
| Maximum Drawdown | 7.88 | |||
| Value At Risk | (2.26) | |||
| Potential Upside | 3.3 |
Credicorp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Credicorp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Credicorp's standard deviation. In reality, there are many statistical measures that can use Credicorp historical prices to predict the future Credicorp's volatility.| Risk Adjusted Performance | 0.063 | |||
| Jensen Alpha | 0.1162 | |||
| Total Risk Alpha | 0.0847 | |||
| Sortino Ratio | 0.0664 | |||
| Treynor Ratio | (0.24) |
Credicorp Backtested Returns
At this point, Credicorp is very steady. Credicorp secures Sharpe Ratio (or Efficiency) of 0.0706, which signifies that the company had a 0.0706% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for Credicorp, which you can use to evaluate the volatility of the firm. Please confirm Credicorp's risk adjusted performance of 0.063, and Mean Deviation of 1.32 to double-check if the risk estimate we provide is consistent with the expected return of 0.12%. Credicorp has a performance score of 5 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.47, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Credicorp are expected to decrease at a much lower rate. During the bear market, Credicorp is likely to outperform the market. Credicorp right now shows a risk of 1.75%. Please confirm Credicorp semi deviation, jensen alpha, maximum drawdown, as well as the relationship between the coefficient of variation and sortino ratio , to decide if Credicorp will be following its price patterns.
Auto-correlation | -0.28 |
Weak reverse predictability
Credicorp has weak reverse predictability. Overlapping area represents the amount of predictability between Credicorp time series from 8th of December 2024 to 23rd of December 2024 and 23rd of December 2024 to 7th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Credicorp price movement. The serial correlation of -0.28 indicates that nearly 28.0% of current Credicorp price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.28 | |
| Spearman Rank Test | -0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 6.49 |
Credicorp lagged returns against current returns
Autocorrelation, which is Credicorp 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 Credicorp's stock expected returns. We can calculate the autocorrelation of Credicorp returns to help us make a trade decision. For example, suppose you find that Credicorp 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 |
Credicorp 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 Credicorp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Credicorp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Credicorp stock over time.
Current vs Lagged Prices |
| Timeline |
Credicorp Lagged Returns
When evaluating Credicorp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Credicorp stock have on its future price. Credicorp 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, Credicorp autocorrelation shows the relationship between Credicorp stock current value and its past values and can show if there is a momentum factor associated with investing in Credicorp.
Regressed Prices |
| Timeline |
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Additional Information and Resources on Investing in Credicorp Stock
When determining whether Credicorp is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Credicorp Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Credicorp Stock. Highlighted below are key reports to facilitate an investment decision about Credicorp Stock:Check out Credicorp Correlation, Credicorp Volatility and Credicorp Alpha and Beta module to complement your research on Credicorp. For more detail on how to invest in Credicorp Stock please use our How to Invest in Credicorp guide.You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
Credicorp technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.