BNPP LC's market value is the price at which a share of BNPP LC trades on a public exchange. It measures the collective expectations of BNPP LC EURPAB investors about its performance. BNPP LC is trading at 12.02 as of the 4th of January 2025, a 0.92 percent increase since the beginning of the trading day. The etf's open price was 11.91. With this module, you can estimate the performance of a buy and hold strategy of BNPP LC EURPAB and determine expected loss or profit from investing in BNPP LC over a given investment horizon. Check out Correlation 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 board of governors.
Symbol
BNPP
BNPP LC '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 LC'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 LC.
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 LC on November 5, 2024 and sell it all today you would earn a total of 0.00 from holding BNPP LC EURPAB or generate 0.0% return on investment in BNPP LC over 60 days.
BNPP LC 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 LC'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 LC EURPAB 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 LC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BNPP LC's standard deviation. In reality, there are many statistical measures that can use BNPP LC historical prices to predict the future BNPP LC's volatility.
BNPP LC EURPAB secures Sharpe Ratio (or Efficiency) of -0.0418, which signifies that the etf had a -0.0418% return per unit of risk over the last 3 months. BNPP LC EURPAB exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm BNPP LC's risk adjusted performance of (0.06), and Mean Deviation of 0.6303 to double-check the risk estimate we provide. The etf shows a Beta (market volatility) of 0.0017, which signifies not very significant fluctuations relative to the market. As returns on the market increase, BNPP LC's returns are expected to increase less than the market. However, during the bear market, the loss of holding BNPP LC is expected to be smaller as well.
Auto-correlation
0.40
Average predictability
BNPP LC EURPAB has average predictability. Overlapping area represents the amount of predictability between BNPP LC 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 LC EURPAB price movement. The serial correlation of 0.4 indicates that just about 40.0% of current BNPP LC price fluctuation can be explain by its past prices.
Correlation Coefficient
0.4
Spearman Rank Test
0.23
Residual Average
0.0
Price Variance
0.01
BNPP LC EURPAB lagged returns against current returns
Autocorrelation, which is BNPP LC 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 LC's etf expected returns. We can calculate the autocorrelation of BNPP LC returns to help us make a trade decision. For example, suppose you find that BNPP LC 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 LC 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 LC etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BNPP LC etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BNPP LC etf over time.
Current vs Lagged Prices
Timeline
BNPP LC Lagged Returns
When evaluating BNPP LC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BNPP LC etf have on its future price. BNPP LC 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 LC autocorrelation shows the relationship between BNPP LC etf current value and its past values and can show if there is a momentum factor associated with investing in BNPP LC EURPAB.
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.