IND+COMMBK CHINA (Germany) Market Value
ICKB Stock | EUR 12.80 0.40 3.03% |
Symbol | IND+COMMBK |
IND+COMMBK CHINA '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 IND+COMMBK CHINA'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 IND+COMMBK CHINA.
12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in IND+COMMBK CHINA on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding INDCOMMBK CHINA ADR20 or generate 0.0% return on investment in IND+COMMBK CHINA over 90 days. IND+COMMBK CHINA is related to or competes with MeVis Medical, Jupiter Fund, CEOTRONICS (CEKSG), Q2M Managementberatu, Inspire Medical, PULSION Medical, and ONWARD MEDICAL. Industrial and Commercial Bank of China Limited provides various banking products and services in China and internationa... More
IND+COMMBK CHINA 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 IND+COMMBK CHINA'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 INDCOMMBK CHINA ADR20 upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 1.93 | |||
Information Ratio | 0.2376 | |||
Maximum Drawdown | 9.71 | |||
Value At Risk | (1.64) | |||
Potential Upside | 2.5 |
IND+COMMBK CHINA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IND+COMMBK CHINA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IND+COMMBK CHINA's standard deviation. In reality, there are many statistical measures that can use IND+COMMBK CHINA historical prices to predict the future IND+COMMBK CHINA's volatility.Risk Adjusted Performance | 0.1574 | |||
Jensen Alpha | 0.3083 | |||
Total Risk Alpha | 0.4702 | |||
Sortino Ratio | 0.196 | |||
Treynor Ratio | 0.7734 |
INDCOMMBK CHINA ADR20 Backtested Returns
IND+COMMBK CHINA appears to be not too volatile, given 3 months investment horizon. INDCOMMBK CHINA ADR20 holds Efficiency (Sharpe) Ratio of 0.14, which attests that the entity had a 0.14 % return per unit of return volatility over the last 3 months. We have found twenty-seven technical indicators for INDCOMMBK CHINA ADR20, which you can use to evaluate the volatility of the firm. Please utilize IND+COMMBK CHINA's Market Risk Adjusted Performance of 0.7834, risk adjusted performance of 0.1574, and Semi Deviation of 1.34 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, IND+COMMBK CHINA holds a performance score of 10. The company retains a Market Volatility (i.e., Beta) of 0.35, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, IND+COMMBK CHINA's returns are expected to increase less than the market. However, during the bear market, the loss of holding IND+COMMBK CHINA is expected to be smaller as well. Please check IND+COMMBK CHINA's coefficient of variation, jensen alpha, and the relationship between the downside deviation and information ratio , to make a quick decision on whether IND+COMMBK CHINA's current trending patterns will revert.
Auto-correlation | 0.15 |
Insignificant predictability
INDCOMMBK CHINA ADR20 has insignificant predictability. Overlapping area represents the amount of predictability between IND+COMMBK CHINA time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th of March 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 INDCOMMBK CHINA ADR20 price movement. The serial correlation of 0.15 indicates that less than 15.0% of current IND+COMMBK CHINA price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.15 | |
Spearman Rank Test | 0.2 | |
Residual Average | 0.0 | |
Price Variance | 0.09 |
INDCOMMBK CHINA ADR20 lagged returns against current returns
Autocorrelation, which is IND+COMMBK CHINA 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 IND+COMMBK CHINA's stock expected returns. We can calculate the autocorrelation of IND+COMMBK CHINA returns to help us make a trade decision. For example, suppose you find that IND+COMMBK CHINA 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 |
IND+COMMBK CHINA 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 IND+COMMBK CHINA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IND+COMMBK CHINA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IND+COMMBK CHINA stock over time.
Current vs Lagged Prices |
Timeline |
IND+COMMBK CHINA Lagged Returns
When evaluating IND+COMMBK CHINA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IND+COMMBK CHINA stock have on its future price. IND+COMMBK CHINA 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, IND+COMMBK CHINA autocorrelation shows the relationship between IND+COMMBK CHINA stock current value and its past values and can show if there is a momentum factor associated with investing in INDCOMMBK CHINA ADR20.
Regressed Prices |
Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in IND+COMMBK Stock
IND+COMMBK CHINA financial ratios help investors to determine whether IND+COMMBK Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in IND+COMMBK with respect to the benefits of owning IND+COMMBK CHINA security.