BANK CIMB's market value is the price at which a share of BANK CIMB trades on a public exchange. It measures the collective expectations of BANK CIMB NIAGA investors about its performance. BANK CIMB is trading at 0.0955 as of the 8th of January 2025, a 1.06% up since the beginning of the trading day. The stock's lowest day price was 0.0955. With this module, you can estimate the performance of a buy and hold strategy of BANK CIMB NIAGA and determine expected loss or profit from investing in BANK CIMB over a given investment horizon. Check out BANK CIMB Correlation, BANK CIMB Volatility and BANK CIMB Alpha and Beta module to complement your research on BANK CIMB.
Please note, there is a significant difference between BANK CIMB's value and its price as these two are different measures arrived at by different means. Investors typically determine if BANK CIMB is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, BANK CIMB'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.
BANK CIMB '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 BANK CIMB'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 BANK CIMB.
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure BANK CIMB'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 BANK CIMB NIAGA 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 BANK CIMB's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BANK CIMB's standard deviation. In reality, there are many statistical measures that can use BANK CIMB historical prices to predict the future BANK CIMB's volatility.
BANK CIMB NIAGA secures Sharpe Ratio (or Efficiency) of -0.0281, which signifies that the company had a -0.0281% return per unit of risk over the last 3 months. BANK CIMB NIAGA exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm BANK CIMB's Coefficient Of Variation of (7,800), mean deviation of 1.19, and Variance of 5.09 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.41, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning BANK CIMB are expected to decrease at a much lower rate. During the bear market, BANK CIMB is likely to outperform the market. At this point, BANK CIMB NIAGA has a negative expected return of -0.0675%. Please make sure to confirm BANK CIMB's kurtosis, day typical price, and the relationship between the potential upside and rate of daily change , to decide if BANK CIMB NIAGA performance from the past will be repeated in the future.
Auto-correlation
0.26
Poor predictability
BANK CIMB NIAGA has poor predictability. Overlapping area represents the amount of predictability between BANK CIMB time series from 9th of November 2024 to 9th of December 2024 and 9th of December 2024 to 8th 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 BANK CIMB NIAGA price movement. The serial correlation of 0.26 indicates that nearly 26.0% of current BANK CIMB price fluctuation can be explain by its past prices.
Correlation Coefficient
0.26
Spearman Rank Test
-0.05
Residual Average
0.0
Price Variance
0.0
BANK CIMB NIAGA lagged returns against current returns
Autocorrelation, which is BANK CIMB 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 BANK CIMB's stock expected returns. We can calculate the autocorrelation of BANK CIMB returns to help us make a trade decision. For example, suppose you find that BANK CIMB 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
BANK CIMB 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 BANK CIMB stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BANK CIMB stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BANK CIMB stock over time.
Current vs Lagged Prices
Timeline
BANK CIMB Lagged Returns
When evaluating BANK CIMB's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BANK CIMB stock have on its future price. BANK CIMB 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, BANK CIMB autocorrelation shows the relationship between BANK CIMB stock current value and its past values and can show if there is a momentum factor associated with investing in BANK CIMB NIAGA.
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.
BANK CIMB financial ratios help investors to determine whether BANK 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 BANK with respect to the benefits of owning BANK CIMB security.