Bank Ocbc (Indonesia) Market Value
| NISP Stock | IDR 1,245 5.00 0.40% |
| Symbol | Bank |
Bank Ocbc '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 Ocbc'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 Ocbc.
| 04/28/2024 |
| 05/28/2024 |
If you would invest 0.00 in Bank Ocbc on April 28, 2024 and sell it all today you would earn a total of 0.00 from holding Bank Ocbc Nisp or generate 0.0% return on investment in Bank Ocbc over 30 days. Bank Ocbc is related to or competes with Bank Pan, Bank Permata, Bank Cimb, and Bank Mayapada. PT Bank OCBC NISP Tbk provides various banking products and services to corporate and individual customers in Indonesia More
Bank Ocbc 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 Ocbc'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 Ocbc Nisp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 7.11 | |||
| Value At Risk | (3.09) | |||
| Potential Upside | 2.71 |
Bank Ocbc Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bank Ocbc's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bank Ocbc's standard deviation. In reality, there are many statistical measures that can use Bank Ocbc historical prices to predict the future Bank Ocbc's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.11) | |||
| Treynor Ratio | 0.0896 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Bank Ocbc'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 Ocbc Nisp Backtested Returns
Bank Ocbc Nisp secures Sharpe Ratio (or Efficiency) of -0.0165, which signifies that the company had a -0.0165% return per unit of risk over the last 3 months. Bank Ocbc Nisp exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Bank Ocbc's Risk Adjusted Performance of (0), standard deviation of 1.74, and Mean Deviation of 1.37 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.43, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Bank Ocbc are expected to decrease at a much lower rate. During the bear market, Bank Ocbc is likely to outperform the market. Bank Ocbc Nisp has an expected return of -0.0287%. Please make sure to confirm Bank Ocbc Nisp total risk alpha, maximum drawdown, skewness, as well as the relationship between the treynor ratio and potential upside , to decide if Bank Ocbc Nisp performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.09 |
Very weak reverse predictability
Bank Ocbc Nisp has very weak reverse predictability. Overlapping area represents the amount of predictability between Bank Ocbc time series from 28th of April 2024 to 13th of May 2024 and 13th of May 2024 to 28th of May 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 Ocbc Nisp price movement. The serial correlation of -0.09 indicates that less than 9.0% of current Bank Ocbc price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.09 | |
| Spearman Rank Test | -0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 160.94 |
Bank Ocbc Nisp lagged returns against current returns
Autocorrelation, which is Bank Ocbc 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 Ocbc's stock expected returns. We can calculate the autocorrelation of Bank Ocbc returns to help us make a trade decision. For example, suppose you find that Bank Ocbc 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 Ocbc 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 Ocbc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bank Ocbc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bank Ocbc stock over time.
Current vs Lagged Prices |
| Timeline |
Bank Ocbc Lagged Returns
When evaluating Bank Ocbc's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bank Ocbc stock have on its future price. Bank Ocbc 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 Ocbc autocorrelation shows the relationship between Bank Ocbc stock current value and its past values and can show if there is a momentum factor associated with investing in Bank Ocbc Nisp.
Regressed Prices |
| Timeline |
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Check out Bank Ocbc Correlation, Bank Ocbc Volatility and Bank Ocbc Alpha and Beta module to complement your research on Bank Ocbc. You can also try the AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.
Complementary Tools for Bank Stock analysis
When running Bank Ocbc's price analysis, check to measure Bank Ocbc'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 Ocbc is operating at the current time. Most of Bank Ocbc's value examination focuses on studying past and present price action to predict the probability of Bank Ocbc'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 Ocbc's price. Additionally, you may evaluate how the addition of Bank Ocbc to your portfolios can decrease your overall portfolio volatility.
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Bank Ocbc technical stock 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, stock market cycles, or different charting patterns.