State Bank (Germany) Market Value
| SID Stock | EUR 92.50 1.50 1.60% |
| Symbol | State |
State 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 State 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 State Bank.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in State Bank on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding State Bank of or generate 0.0% return on investment in State Bank over 30 days. State Bank is related to or competes with 24SEVENOFFICE GROUP, BORR DRILLING, THAI BEVERAGE, BOSTON BEER, National Beverage, and Tsingtao Brewery. State Bank of India provides various banking products and services to individuals, commercial enterprises, corporates, p... More
State 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 State 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 State Bank of upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.78 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 10.28 | |||
| Value At Risk | (2.79) | |||
| Potential Upside | 2.38 |
State Bank Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for State Bank's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as State Bank's standard deviation. In reality, there are many statistical measures that can use State Bank historical prices to predict the future State Bank's volatility.| Risk Adjusted Performance | 0.0467 | |||
| Jensen Alpha | 0.0065 | |||
| Total Risk Alpha | (0.23) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.1373 |
State Bank Backtested Returns
At this point, State Bank is very steady. State Bank owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0487, which indicates the firm had a 0.0487% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for State Bank of, which you can use to evaluate the volatility of the company. Please validate State Bank's Semi Deviation of 1.37, coefficient of variation of 1879.38, and Risk Adjusted Performance of 0.0467 to confirm if the risk estimate we provide is consistent with the expected return of 0.0934%. State Bank has a performance score of 3 on a scale of 0 to 100. The entity has a beta of 0.67, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, State Bank's returns are expected to increase less than the market. However, during the bear market, the loss of holding State Bank is expected to be smaller as well. State Bank right now has a risk of 1.92%. Please validate State Bank semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and information ratio , to decide if State Bank will be following its existing price patterns.
Auto-correlation | 0.24 |
Weak predictability
State Bank of has weak predictability. Overlapping area represents the amount of predictability between State Bank time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 State Bank price movement. The serial correlation of 0.24 indicates that over 24.0% of current State Bank price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.24 | |
| Spearman Rank Test | 0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 4.14 |
State Bank lagged returns against current returns
Autocorrelation, which is State 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 State Bank's stock expected returns. We can calculate the autocorrelation of State Bank returns to help us make a trade decision. For example, suppose you find that State 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 |
State 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 State Bank stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if State Bank stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in State Bank stock over time.
Current vs Lagged Prices |
| Timeline |
State Bank Lagged Returns
When evaluating State Bank's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of State Bank stock have on its future price. State 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, State Bank autocorrelation shows the relationship between State Bank stock current value and its past values and can show if there is a momentum factor associated with investing in State Bank of.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in State Stock
State Bank financial ratios help investors to determine whether State 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 State with respect to the benefits of owning State Bank security.