Bancfirst Stock Market Value
| BANF Stock | USD 82.01 0.74 0.91% |
| Symbol | BancFirst |
BancFirst Price To Book Ratio
Is BancFirst's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of BancFirst. If investors know BancFirst will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about BancFirst listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.14) | Dividend Share 1.66 | Earnings Share 6.34 | Revenue Per Share 18.299 | Quarterly Revenue Growth (0.04) |
The market value of BancFirst is measured differently than its book value, which is the value of BancFirst that is recorded on the company's balance sheet. Investors also form their own opinion of BancFirst's value that differs from its market value or its book value, called intrinsic value, which is BancFirst's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because BancFirst's market value can be influenced by many factors that don't directly affect BancFirst's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between BancFirst's value and its price as these two are different measures arrived at by different means. Investors typically determine if BancFirst is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, BancFirst'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.
BancFirst '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 BancFirst'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 BancFirst.
| 04/29/2022 |
| 04/18/2024 |
If you would invest 0.00 in BancFirst on April 29, 2022 and sell it all today you would earn a total of 0.00 from holding BancFirst or generate 0.0% return on investment in BancFirst over 720 days. BancFirst is related to or competes with Glacier Bancorp, BOK Financial, First Financial, First Bancorp, First Financial, UMB Financial, and Commerce Bancshares. BancFirst Corporation operates as the bank holding company for BancFirst that provides a range of commercial banking ser... More
BancFirst 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 BancFirst'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 BancFirst upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 10.78 | |||
| Value At Risk | (3.85) | |||
| Potential Upside | 3.3 |
BancFirst Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BancFirst's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BancFirst's standard deviation. In reality, there are many statistical measures that can use BancFirst historical prices to predict the future BancFirst's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.25) | |||
| Total Risk Alpha | (0.30) | |||
| Treynor Ratio | (0.1) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of BancFirst'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.
BancFirst Backtested Returns
BancFirst secures Sharpe Ratio (or Efficiency) of -0.0766, which signifies that the company had a -0.0766% return per unit of risk over the last 3 months. BancFirst exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm BancFirst's Risk Adjusted Performance of (0.05), mean deviation of 1.24, and Standard Deviation of 1.83 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.78, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, BancFirst will likely underperform. BancFirst has an expected return of -0.14%. Please make sure to confirm BancFirst maximum drawdown, daily balance of power, relative strength index, as well as the relationship between the skewness and day typical price , to decide if BancFirst performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.50 |
Modest predictability
BancFirst has modest predictability. Overlapping area represents the amount of predictability between BancFirst time series from 29th of April 2022 to 24th of April 2023 and 24th of April 2023 to 18th 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 BancFirst price movement. The serial correlation of 0.5 indicates that about 50.0% of current BancFirst price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.5 | |
| Spearman Rank Test | 0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 39.2 |
BancFirst lagged returns against current returns
Autocorrelation, which is BancFirst 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 BancFirst's stock expected returns. We can calculate the autocorrelation of BancFirst returns to help us make a trade decision. For example, suppose you find that BancFirst 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 |
BancFirst 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 BancFirst stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BancFirst stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BancFirst stock over time.
Current vs Lagged Prices |
| Timeline |
BancFirst Lagged Returns
When evaluating BancFirst's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BancFirst stock have on its future price. BancFirst 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, BancFirst autocorrelation shows the relationship between BancFirst stock current value and its past values and can show if there is a momentum factor associated with investing in BancFirst.
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 BancFirst 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, BancFirst's short interest history, or implied volatility extrapolated from BancFirst options trading.
Pair Trading with BancFirst
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 BancFirst 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 BancFirst will appreciate offsetting losses from the drop in the long position's value.Moving together with BancFirst Stock
| 0.81 | AX | Axos Financial Financial Report 25th of April 2024 | PairCorr |
| 0.91 | BY | Byline Bancorp Report 25th of April 2024 | PairCorr |
| 0.79 | PB | Prosperity Bancshares Earnings Call This Week | PairCorr |
Moving against BancFirst Stock
| 0.69 | TECTP | Tectonic Financial | PairCorr |
| 0.63 | DB | Deutsche Bank AG Earnings Call This Week | PairCorr |
| 0.57 | CFG-PD | Citizens Financial | PairCorr |
| 0.56 | WF | Woori Financial Group Earnings Call Today | PairCorr |
| 0.53 | KB | KB Financial Group Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to BancFirst could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BancFirst 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 BancFirst - 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 BancFirst to buy it.
The correlation of BancFirst 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 BancFirst moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BancFirst 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 BancFirst 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 BancFirst Correlation, BancFirst Volatility and BancFirst Alpha and Beta module to complement your research on BancFirst. For more detail on how to invest in BancFirst Stock please use our How to Invest in BancFirst guide.You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
Complementary Tools for BancFirst Stock analysis
When running BancFirst's price analysis, check to measure BancFirst'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 BancFirst is operating at the current time. Most of BancFirst's value examination focuses on studying past and present price action to predict the probability of BancFirst's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move BancFirst's price. Additionally, you may evaluate how the addition of BancFirst to your portfolios can decrease your overall portfolio volatility.
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BancFirst 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.