BNPP Greenbond's market value is the price at which a share of BNPP Greenbond trades on a public exchange. It measures the collective expectations of BNPP Greenbond ETF investors about its performance. BNPP Greenbond is selling at 8.18 as of the 4th of January 2025; that is 0.12 percent decrease since the beginning of the trading day. The etf's last reported lowest price was 8.18. With this module, you can estimate the performance of a buy and hold strategy of BNPP Greenbond ETF and determine expected loss or profit from investing in BNPP Greenbond over a given investment horizon. Check out Risk vs Return Analysis to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in unemployment.
Symbol
BNPP
BNPP Greenbond '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 BNPP Greenbond's etf 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 BNPP Greenbond.
0.00
11/05/2024
No Change 0.00
0.0
In 2 months and 2 days
01/04/2025
0.00
If you would invest 0.00 in BNPP Greenbond on November 5, 2024 and sell it all today you would earn a total of 0.00 from holding BNPP Greenbond ETF or generate 0.0% return on investment in BNPP Greenbond over 60 days.
BNPP Greenbond 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 BNPP Greenbond's etf 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 BNPP Greenbond ETF upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for BNPP Greenbond's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BNPP Greenbond's standard deviation. In reality, there are many statistical measures that can use BNPP Greenbond historical prices to predict the future BNPP Greenbond's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of BNPP Greenbond's 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.
BNPP Greenbond ETF Backtested Returns
Currently, BNPP Greenbond ETF is very steady. BNPP Greenbond ETF secures Sharpe Ratio (or Efficiency) of 0.0161, which signifies that the etf had a 0.0161% return per unit of risk over the last 3 months. We have found twenty-one technical indicators for BNPP Greenbond ETF, which you can use to evaluate the volatility of the entity. Please confirm BNPP Greenbond's mean deviation of 0.2136, and Risk Adjusted Performance of (0.03) to double-check if the risk estimate we provide is consistent with the expected return of 0.0042%. The etf shows a Beta (market volatility) of 0.0417, which signifies not very significant fluctuations relative to the market. As returns on the market increase, BNPP Greenbond's returns are expected to increase less than the market. However, during the bear market, the loss of holding BNPP Greenbond is expected to be smaller as well.
Auto-correlation
-0.82
Excellent reverse predictability
BNPP Greenbond ETF has excellent reverse predictability. Overlapping area represents the amount of predictability between BNPP Greenbond time series from 5th of November 2024 to 5th of December 2024 and 5th of December 2024 to 4th 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 BNPP Greenbond ETF price movement. The serial correlation of -0.82 indicates that around 82.0% of current BNPP Greenbond price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.82
Spearman Rank Test
-0.86
Residual Average
0.0
Price Variance
0.0
BNPP Greenbond ETF lagged returns against current returns
Autocorrelation, which is BNPP Greenbond etf'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 BNPP Greenbond's etf expected returns. We can calculate the autocorrelation of BNPP Greenbond returns to help us make a trade decision. For example, suppose you find that BNPP Greenbond has exhibited high autocorrelation historically, and you observe that the etf 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
BNPP Greenbond 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 BNPP Greenbond etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BNPP Greenbond etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BNPP Greenbond etf over time.
Current vs Lagged Prices
Timeline
BNPP Greenbond Lagged Returns
When evaluating BNPP Greenbond's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BNPP Greenbond etf have on its future price. BNPP Greenbond 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, BNPP Greenbond autocorrelation shows the relationship between BNPP Greenbond etf current value and its past values and can show if there is a momentum factor associated with investing in BNPP Greenbond ETF.
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.