Bank of China Limited (Germany) Market Value
| W8V Stock | EUR 0.43 0.01 2.27% |
| Symbol | Bank |
Bank of China Limited '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 of China Limited'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 of China Limited.
| 12/12/2022 |
| 12/01/2024 |
If you would invest 0.00 in Bank of China Limited on December 12, 2022 and sell it all today you would earn a total of 0.00 from holding Bank of China or generate 0.0% return on investment in Bank of China Limited over 720 days. Bank of China Limited is related to or competes with Superior Plus, NMI Holdings, Origin Agritech, SIVERS SEMICONDUCTORS, NorAm Drilling, and Talanx AG. Bank of China Limited, together with its subsidiaries, provides a range of banking and related financial services in the... More
Bank of China Limited 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 Bank of China Limited'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 of China upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.79 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 11.94 | |||
| Value At Risk | (2.50) | |||
| Potential Upside | 2.56 |
Bank of China Limited Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bank of China Limited's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bank of China Limited's standard deviation. In reality, there are many statistical measures that can use Bank of China Limited historical prices to predict the future Bank of China Limited's volatility.| Risk Adjusted Performance | 0.0408 | |||
| Jensen Alpha | 0.029 | |||
| Total Risk Alpha | (0.26) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.1964 |
Bank of China Limited Backtested Returns
At this point, Bank of China Limited is extremely dangerous. Bank of China Limited secures Sharpe Ratio (or Efficiency) of 0.0451, which signifies that the company had a 0.0451% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Bank of China, which you can use to evaluate the volatility of the firm. Please confirm Bank of China Limited's Risk Adjusted Performance of 0.0408, mean deviation of 1.39, and Downside Deviation of 2.79 to double-check if the risk estimate we provide is consistent with the expected return of 0.093%. Bank of China Limited has a performance score of 3 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.42, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Bank of China Limited's returns are expected to increase less than the market. However, during the bear market, the loss of holding Bank of China Limited is expected to be smaller as well. Bank of China Limited right now shows a risk of 2.06%. Please confirm Bank of China Limited sortino ratio, potential upside, skewness, as well as the relationship between the maximum drawdown and semi variance , to decide if Bank of China Limited will be following its price patterns.
Auto-correlation | -0.7 |
Very good reverse predictability
Bank of China has very good reverse predictability. Overlapping area represents the amount of predictability between Bank of China Limited time series from 12th of December 2022 to 7th of December 2023 and 7th of December 2023 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 Bank of China Limited price movement. The serial correlation of -0.7 indicates that around 70.0% of current Bank of China Limited price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.7 | |
| Spearman Rank Test | -0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Bank of China Limited lagged returns against current returns
Autocorrelation, which is Bank of China Limited 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 of China Limited's stock expected returns. We can calculate the autocorrelation of Bank of China Limited returns to help us make a trade decision. For example, suppose you find that Bank of China Limited 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 of China Limited 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 of China Limited stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bank of China Limited stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bank of China Limited stock over time.
Current vs Lagged Prices |
| Timeline |
Bank of China Limited Lagged Returns
When evaluating Bank of China Limited's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bank of China Limited stock have on its future price. Bank of China Limited 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 of China Limited autocorrelation shows the relationship between Bank of China Limited stock current value and its past values and can show if there is a momentum factor associated with investing in Bank of China.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Bank Stock
Bank of China Limited 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 of China Limited security.