Bank Of China Stock Market Value
| BACHF Stock | USD 0.43 0.02 4.88% |
| Symbol | Bank |
Bank of China Ltd H '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 Ltd H's pink sheet 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 Ltd H.
| 02/23/2024 |
| 04/23/2024 |
If you would invest 0.00 in Bank of China Ltd H on February 23, 2024 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 Ltd H over 60 days. Bank of China Ltd H is related to or competes with ANZ Group, Bank of America, Bank of America, Wells Fargo, and Bank of America. Bank of China Limited, together with its subsidiaries, provides various banking and financial services More
Bank of China Ltd H 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 Ltd H's pink sheet 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 | 5.21 | |||
| Information Ratio | 0.0342 | |||
| Maximum Drawdown | 19.12 | |||
| Value At Risk | (4.88) | |||
| Potential Upside | 5.13 |
Bank of China Ltd H Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bank of China Ltd H's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bank of China Ltd H's standard deviation. In reality, there are many statistical measures that can use Bank of China Ltd H historical prices to predict the future Bank of China Ltd H's volatility.| Risk Adjusted Performance | 0.0471 | |||
| Jensen Alpha | 0.2156 | |||
| Total Risk Alpha | (0.21) | |||
| Sortino Ratio | 0.02 | |||
| Treynor Ratio | (0.45) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Bank of China Ltd H's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Bank of China Ltd H Backtested Returns
Bank of China Ltd H appears to be abnormally volatile, given 3 months investment horizon. Bank of China Ltd H secures Sharpe Ratio (or Efficiency) of 0.13, which signifies that the company had a 0.13% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Bank of China, which you can use to evaluate the volatility of the firm. Please makes use of Bank of China Ltd H's Mean Deviation of 1.69, downside deviation of 5.21, and Risk Adjusted Performance of 0.0471 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Bank of China Ltd H holds a performance score of 9. 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 of China Ltd H are expected to decrease at a much lower rate. During the bear market, Bank of China Ltd H is likely to outperform the market. Please check Bank of China Ltd H's total risk alpha, downside variance, daily balance of power, as well as the relationship between the maximum drawdown and skewness , to make a quick decision on whether Bank of China Ltd H's price patterns will revert.
Auto-correlation | 0.50 |
Modest predictability
Bank of China has modest predictability. Overlapping area represents the amount of predictability between Bank of China Ltd H time series from 23rd of February 2024 to 24th of March 2024 and 24th of March 2024 to 23rd of April 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 Ltd H price movement. The serial correlation of 0.5 indicates that about 50.0% of current Bank of China Ltd H price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.5 | |
| Spearman Rank Test | 0.93 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Bank of China Ltd H lagged returns against current returns
Autocorrelation, which is Bank of China Ltd H pink sheet'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 Ltd H's pink sheet expected returns. We can calculate the autocorrelation of Bank of China Ltd H returns to help us make a trade decision. For example, suppose you find that Bank of China Ltd H has exhibited high autocorrelation historically, and you observe that the pink sheet 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 Ltd H 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 Ltd H pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bank of China Ltd H pink sheet 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 Ltd H pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Bank of China Ltd H Lagged Returns
When evaluating Bank of China Ltd H's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bank of China Ltd H pink sheet have on its future price. Bank of China Ltd H 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 Ltd H autocorrelation shows the relationship between Bank of China Ltd H pink sheet 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 |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Bank of China Ltd H in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Bank of China Ltd H's short interest history, or implied volatility extrapolated from Bank of China Ltd H options trading.
Pair Trading with Bank of China Ltd H
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Bank of China Ltd H position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Bank of China Ltd H will appreciate offsetting losses from the drop in the long position's value.Moving together with Bank Pink Sheet
| 0.62 | JPM | JPMorgan Chase Financial Report 12th of July 2024 | PairCorr |
| 0.65 | BML-PG | Bank of America | PairCorr |
The ability to find closely correlated positions to Bank of China Ltd H could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bank of China Ltd H when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Bank of China Ltd H - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Bank of China to buy it.
The correlation of Bank of China Ltd H is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Bank of China Ltd H moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bank of China Ltd H moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Bank of China Ltd H can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Bank of China Ltd H Correlation, Bank of China Ltd H Volatility and Bank of China Ltd H Alpha and Beta module to complement your research on Bank of China Ltd H. Note that the Bank of China Ltd H information on this page should be used as a complementary analysis to other Bank of China Ltd H's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.
Complementary Tools for Bank Pink Sheet analysis
When running Bank of China Ltd H's price analysis, check to measure Bank of China Ltd H's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Bank of China Ltd H is operating at the current time. Most of Bank of China Ltd H's value examination focuses on studying past and present price action to predict the probability of Bank of China Ltd H's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bank of China Ltd H's price. Additionally, you may evaluate how the addition of Bank of China Ltd H to your portfolios can decrease your overall portfolio volatility.
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Bank of China Ltd H technical pink sheet analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, pink sheet market cycles, or different charting patterns.