INDCOMMBK CHINA (Germany) Market Value
| ICKB Stock | EUR 13.40 0.20 1.52% |
| Symbol | INDCOMMBK |
INDCOMMBK 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 INDCOMMBK 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 INDCOMMBK CHINA.
| 01/28/2025 |
| 02/27/2025 |
If you would invest 0.00 in INDCOMMBK CHINA on January 28, 2025 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 INDCOMMBK CHINA over 30 days. INDCOMMBK CHINA is related to or competes with Tamburi Investment, SLR Investment, PACIFIC ONLINE, Guangdong Investment, Carsales, Apollo Investment, and Scottish Mortgage. Industrial and Commercial Bank of China Limited provides various banking products and services in China and internationa... More
INDCOMMBK 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 INDCOMMBK 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 | 2.33 | |||
| Information Ratio | 0.2013 | |||
| Maximum Drawdown | 16.63 | |||
| Value At Risk | (1.64) | |||
| Potential Upside | 2.54 |
INDCOMMBK CHINA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for INDCOMMBK CHINA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as INDCOMMBK CHINA's standard deviation. In reality, there are many statistical measures that can use INDCOMMBK CHINA historical prices to predict the future INDCOMMBK CHINA's volatility.| Risk Adjusted Performance | 0.1559 | |||
| Jensen Alpha | 0.4295 | |||
| Total Risk Alpha | 0.4486 | |||
| Sortino Ratio | 0.1868 | |||
| Treynor Ratio | (20.46) |
INDCOMMBK CHINA ADR20 Backtested Returns
INDCOMMBK CHINA appears to be somewhat reliable, given 3 months investment horizon. INDCOMMBK CHINA ADR20 holds Efficiency (Sharpe) Ratio of 0.21, which attests that the entity had a 0.21 % return per unit of return volatility over the last 3 months. We have found twenty-eight technical indicators for INDCOMMBK CHINA ADR20, which you can use to evaluate the volatility of the firm. Please utilize INDCOMMBK CHINA's Semi Deviation of 1.57, risk adjusted performance of 0.1559, and Market Risk Adjusted Performance of (20.45) to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, INDCOMMBK CHINA holds a performance score of 16. The company retains a Market Volatility (i.e., Beta) of -0.021, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning INDCOMMBK CHINA are expected to decrease at a much lower rate. During the bear market, INDCOMMBK CHINA is likely to outperform the market. Please check INDCOMMBK CHINA's semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and information ratio , to make a quick decision on whether INDCOMMBK CHINA's current trending patterns will revert.
Auto-correlation | -0.86 |
Excellent reverse predictability
INDCOMMBK CHINA ADR20 has excellent reverse predictability. Overlapping area represents the amount of predictability between INDCOMMBK CHINA time series from 28th of January 2025 to 12th of February 2025 and 12th of February 2025 to 27th of February 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 -0.86 indicates that approximately 86.0% of current INDCOMMBK CHINA price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.86 | |
| Spearman Rank Test | -0.81 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
INDCOMMBK CHINA ADR20 lagged returns against current returns
Autocorrelation, which is INDCOMMBK 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 INDCOMMBK CHINA's stock expected returns. We can calculate the autocorrelation of INDCOMMBK CHINA returns to help us make a trade decision. For example, suppose you find that INDCOMMBK 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 |
INDCOMMBK 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 INDCOMMBK CHINA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if INDCOMMBK CHINA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in INDCOMMBK CHINA stock over time.
Current vs Lagged Prices |
| Timeline |
INDCOMMBK CHINA Lagged Returns
When evaluating INDCOMMBK CHINA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of INDCOMMBK CHINA stock have on its future price. INDCOMMBK 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, INDCOMMBK CHINA autocorrelation shows the relationship between INDCOMMBK 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 INDCOMMBK Stock
INDCOMMBK CHINA financial ratios help investors to determine whether INDCOMMBK 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 INDCOMMBK with respect to the benefits of owning INDCOMMBK CHINA security.