ICICI Bank (Germany) Market Value

ICBA Stock  EUR 29.40  0.20  0.68%   
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 29.40 as of the 23rd of December 2024. This is a 0.68 percent decrease since the beginning of the trading day. The stock's lowest day price was 28.2.
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 ICICI Bank Correlation, ICICI Bank Volatility and ICICI Bank Alpha and Beta module to complement your research on ICICI Bank.
Symbol

Please note, there is a significant difference between ICICI Bank's value and its price as these two are different measures arrived at by different means. Investors typically determine if ICICI Bank is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ICICI Bank's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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
11/23/2024
No Change 0.00  0.0 
In 30 days
12/23/2024
0.00
If you would invest  0.00  in ICICI Bank on November 23, 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 30 days. ICICI Bank is related to or competes with China Merchants, HDFC Bank, PT Bank, DBS Group, PT Bank, and Mizuho Financial. ICICI Bank Limited provides banking and financial services in India and internationally More

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.

ICICI Bank Market Risk Indicators

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.
Hype
Prediction
LowEstimatedHigh
27.6029.4031.20
Details
Intrinsic
Valuation
LowRealHigh
22.4824.2832.34
Details
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

At this point, ICICI Bank is very steady. ICICI Bank Limited holds Efficiency (Sharpe) Ratio of 0.0568, which attests that the company had a 0.0568% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for ICICI Bank Limited, which you can use to evaluate the volatility of the entity. Please check out ICICI Bank's semi deviation of 1.53, and Downside Deviation of 2.03 to validate if the risk estimate we provide is consistent with the expected return of 0.1%. ICICI Bank has a performance score of 4 on a scale of 0 to 100. The firm retains a Market Volatility (i.e., Beta) of -0.14, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning ICICI Bank are expected to decrease at a much lower rate. During the bear market, ICICI Bank is likely to outperform the market. ICICI Bank Limited at this time retains a risk of 1.8%. Please check out ICICI Bank jensen alpha, sortino ratio, and the relationship between the standard deviation and total risk alpha , to decide if ICICI Bank will be following its current trending patterns.

Auto-correlation

    
  -0.22  

Weak reverse predictability

ICICI Bank Limited has weak reverse predictability. Overlapping area represents the amount of predictability between ICICI Bank time series from 23rd of November 2024 to 8th of December 2024 and 8th of December 2024 to 23rd 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 ICICI Bank Limited price movement. The serial correlation of -0.22 indicates that over 22.0% of current ICICI Bank price fluctuation can be explain by its past prices.
Correlation Coefficient-0.22
Spearman Rank Test-0.59
Residual Average0.0
Price Variance0.05

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  

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Additional Information and Resources on Investing in ICICI Stock

When determining whether ICICI Bank Limited offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of ICICI Bank's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Icici Bank Limited Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Icici Bank Limited Stock:
Check out ICICI Bank Correlation, ICICI Bank Volatility and ICICI Bank Alpha and Beta module to complement your research on ICICI Bank.
You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
ICICI Bank 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.
A focus of ICICI Bank technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of ICICI Bank trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...