ICICI Bank's market value is the price at which a share of ICICI Bank trades on a public exchange. It measures the collective expectations of ICICI Bank Limited investors about its performance. ICICI Bank is trading at 190.19 as of the 4th of January 2025, a No Change since the beginning of the trading day. The stock's open price was 190.19. With this module, you can estimate the performance of a buy and hold strategy of ICICI Bank Limited and determine expected loss or profit from investing in ICICI Bank 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 company could be closely tied with the direction of predictive economic indicators such as signals in nation.
Symbol
ICICI
ICICI Bank '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 ICICI Bank'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 ICICI Bank.
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 ICICI Bank on November 5, 2024 and sell it all today you would earn a total of 0.00 from holding ICICI Bank Limited or generate 0.0% return on investment in ICICI Bank over 60 days.
ICICI Bank 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 ICICI Bank'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 ICICI Bank Limited 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 ICICI Bank's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ICICI Bank's standard deviation. In reality, there are many statistical measures that can use ICICI Bank historical prices to predict the future ICICI Bank's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as ICICI Bank. Your research has to be compared to or analyzed against ICICI Bank's peers to derive any actionable benefits. When done correctly, ICICI Bank's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in ICICI Bank Limited.
ICICI Bank Limited Backtested Returns
ICICI Bank appears to be very steady, given 3 months investment horizon. ICICI Bank Limited holds Efficiency (Sharpe) Ratio of 0.22, which attests that the company had a 0.22% return per unit of risk over the last 3 months. We have found twenty-four technical indicators for ICICI Bank Limited, which you can use to evaluate the volatility of the entity. Please utilize ICICI Bank's downside deviation of 2.07, and Semi Deviation of 1.05 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, ICICI Bank holds a performance score of 17. The firm retains a Market Volatility (i.e., Beta) of 0.17, which attests to not very significant fluctuations relative to the market. As returns on the market increase, ICICI Bank's returns are expected to increase less than the market. However, during the bear market, the loss of holding ICICI Bank is expected to be smaller as well. Please check ICICI Bank's variance, jensen alpha, sortino ratio, as well as the relationship between the information ratio and total risk alpha , to make a quick decision on whether ICICI Bank's current trending patterns will revert.
Auto-correlation
0.28
Poor predictability
ICICI Bank Limited has poor predictability. Overlapping area represents the amount of predictability between ICICI Bank 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 ICICI Bank Limited price movement. The serial correlation of 0.28 indicates that nearly 28.0% of current ICICI Bank price fluctuation can be explain by its past prices.
Correlation Coefficient
0.28
Spearman Rank Test
0.14
Residual Average
0.0
Price Variance
1.31
ICICI Bank Limited lagged returns against current returns
Autocorrelation, which is ICICI Bank 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 ICICI Bank's stock expected returns. We can calculate the autocorrelation of ICICI Bank returns to help us make a trade decision. For example, suppose you find that ICICI Bank 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
ICICI Bank 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 ICICI Bank stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ICICI Bank stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ICICI Bank stock over time.
Current vs Lagged Prices
Timeline
ICICI Bank Lagged Returns
When evaluating ICICI Bank's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ICICI Bank stock have on its future price. ICICI Bank 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, ICICI Bank autocorrelation shows the relationship between ICICI Bank stock current value and its past values and can show if there is a momentum factor associated with investing in ICICI Bank Limited.
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.