BNP Paribas (France) Market Value
BNP Paribas' market value is the price at which a share of BNP Paribas trades on a public exchange. It measures the collective expectations of BNP Paribas Easy investors about its performance. With this module, you can estimate the performance of a buy and hold strategy of BNP Paribas Easy and determine expected loss or profit from investing in BNP Paribas over a given investment horizon. Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
| Symbol | BNP |
Please note, there is a significant difference between BNP Paribas' value and its price as these two are different measures arrived at by different means. Investors typically determine if BNP Paribas is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, BNP Paribas' 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.
BNP Paribas '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 BNP Paribas' etf 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 BNP Paribas.
| 05/07/2022 |
| 04/26/2024 |
If you would invest 0.00 in BNP Paribas on May 7, 2022 and sell it all today you would earn a total of 0.00 from holding BNP Paribas Easy or generate 0.0% return on investment in BNP Paribas over 720 days. BNP Paribas is related to or competes with BNP Paribas, BNP Paribas, and Amundi Index. Replicate the performance of the MSCI KLD 400 social index , including fluctuations, and to maintain the Tracking Error ... More
BNP Paribas 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 BNP Paribas' etf 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 BNP Paribas Easy upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8688 | |||
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 3.91 | |||
| Value At Risk | (1.20) | |||
| Potential Upside | 1.38 |
BNP Paribas Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BNP Paribas' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BNP Paribas' standard deviation. In reality, there are many statistical measures that can use BNP Paribas historical prices to predict the future BNP Paribas' volatility.| Risk Adjusted Performance | 0.0073 | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.10) | |||
| Sortino Ratio | (0.09) | |||
| Treynor Ratio | (0) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of BNP Paribas' 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.
BNP Paribas Easy Backtested Returns
We consider BNP Paribas very steady. BNP Paribas Easy secures Sharpe Ratio (or Efficiency) of 0.0081, which signifies that the etf had a 0.0081% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for BNP Paribas Easy, which you can use to evaluate the volatility of the entity. Please confirm BNP Paribas' risk adjusted performance of 0.0073, and Mean Deviation of 0.6333 to double-check if the risk estimate we provide is consistent with the expected return of 0.0065%. The etf shows a Beta (market volatility) of 0.72, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, BNP Paribas' returns are expected to increase less than the market. However, during the bear market, the loss of holding BNP Paribas is expected to be smaller as well.
Auto-correlation | 0.52 |
Modest predictability
BNP Paribas Easy has modest predictability. Overlapping area represents the amount of predictability between BNP Paribas time series from 7th of May 2022 to 2nd of May 2023 and 2nd of May 2023 to 26th 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 BNP Paribas Easy price movement. The serial correlation of 0.52 indicates that about 52.0% of current BNP Paribas price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.52 | |
| Spearman Rank Test | 0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 1.34 |
BNP Paribas Easy lagged returns against current returns
Autocorrelation, which is BNP Paribas etf'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 BNP Paribas' etf expected returns. We can calculate the autocorrelation of BNP Paribas returns to help us make a trade decision. For example, suppose you find that BNP Paribas has exhibited high autocorrelation historically, and you observe that the etf 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 |
BNP Paribas 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 BNP Paribas etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BNP Paribas etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BNP Paribas etf over time.
Current vs Lagged Prices |
| Timeline |
BNP Paribas Lagged Returns
When evaluating BNP Paribas' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BNP Paribas etf have on its future price. BNP Paribas 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, BNP Paribas autocorrelation shows the relationship between BNP Paribas etf current value and its past values and can show if there is a momentum factor associated with investing in BNP Paribas Easy.
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 BNP Paribas 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, BNP Paribas' short interest history, or implied volatility extrapolated from BNP Paribas options trading.
Pair Trading with BNP Paribas
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 BNP Paribas 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 BNP Paribas will appreciate offsetting losses from the drop in the long position's value.Moving together with BNP Etf
| 0.65 | JPN | Lyxor UCITS Japan | PairCorr |
The ability to find closely correlated positions to BNP Paribas could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BNP Paribas 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 BNP Paribas - 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 BNP Paribas Easy to buy it.
The correlation of BNP Paribas 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 BNP Paribas moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BNP Paribas Easy 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 BNP Paribas 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 BNP Paribas Correlation, BNP Paribas Volatility and BNP Paribas Alpha and Beta module to complement your research on BNP Paribas. You can also try the Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.
BNP Paribas technical etf 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, etf market cycles, or different charting patterns.