Icici Bank Limited Stock Market Value
| IBN Stock | USD 26.29 0.18 0.69% |
| Symbol | ICICI |
ICICI Bank Limited Price To Book Ratio
Is ICICI Bank'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 ICICI Bank. If investors know ICICI 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 ICICI Bank 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 0.253 | Earnings Share 1.42 | Revenue Per Share 394.798 | Quarterly Revenue Growth 0.204 | Return On Assets 0.0216 |
The market value of ICICI Bank Limited is measured differently than its book value, which is the value of ICICI that is recorded on the company's balance sheet. Investors also form their own opinion of ICICI Bank's value that differs from its market value or its book value, called intrinsic value, which is ICICI Bank'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 ICICI Bank's market value can be influenced by many factors that don't directly affect ICICI Bank'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 ICICI Bank's value and its price as these two are different measures arrived at by different means. Investors typically determine if ICICI Bank is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ICICI Bank'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.
ICICI Bank '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 ICICI Bank'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 ICICI Bank.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in ICICI Bank on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding ICICI Bank Limited or generate 0.0% return on investment in ICICI Bank over 30 days. ICICI Bank is related to or competes with KeyCorp, First Mid, Finwise Bancorp, Home Bancorp, Enterprise Financial, and Affinity Bancshares. ICICI Bank Limited provides various banking products and services in India and internationally More
ICICI Bank 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 ICICI Bank'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 ICICI Bank Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.23 | |||
| Information Ratio | 0.0626 | |||
| Maximum Drawdown | 6.86 | |||
| Value At Risk | (1.95) | |||
| Potential Upside | 2.59 |
ICICI Bank Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ICICI Bank's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ICICI Bank's standard deviation. In reality, there are many statistical measures that can use ICICI Bank historical prices to predict the future ICICI Bank's volatility.| Risk Adjusted Performance | 0.0853 | |||
| Jensen Alpha | 0.0994 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.0673 | |||
| Treynor Ratio | 0.2047 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ICICI Bank'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.
ICICI Bank Limited Backtested Returns
We consider ICICI Bank very steady. ICICI Bank Limited holds Efficiency (Sharpe) Ratio of 0.12, which attests that the company had a 0.12% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for ICICI Bank Limited, which you can use to evaluate the volatility of the entity. Please check out ICICI Bank's downside deviation of 1.23, and Semi Deviation of 1.01 to validate if the risk estimate we provide is consistent with the expected return of 0.15%. ICICI Bank has a performance score of 9 on a scale of 0 to 100. The firm retains a Market Volatility (i.e., Beta) of 0.79, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, ICICI Bank's returns are expected to increase less than the market. However, during the bear market, the loss of holding ICICI Bank is expected to be smaller as well. ICICI Bank Limited at this time retains a risk of 1.26%. Please check out ICICI Bank total risk alpha, expected short fall, price action indicator, as well as the relationship between the value at risk and daily balance of power , to decide if ICICI Bank will be following its current trending patterns.
Auto-correlation | 0.49 |
Average predictability
ICICI Bank Limited has average predictability. Overlapping area represents the amount of predictability between ICICI Bank time series from 25th of March 2024 to 9th of April 2024 and 9th of April 2024 to 24th 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 ICICI Bank Limited price movement. The serial correlation of 0.49 indicates that about 49.0% of current ICICI Bank price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.49 | |
| Spearman Rank Test | -0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 0.17 |
ICICI Bank Limited lagged returns against current returns
Autocorrelation, which is ICICI Bank 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 ICICI Bank's stock expected returns. We can calculate the autocorrelation of ICICI Bank returns to help us make a trade decision. For example, suppose you find that ICICI Bank 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 |
ICICI Bank 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 ICICI Bank stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ICICI Bank stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ICICI Bank stock over time.
Current vs Lagged Prices |
| Timeline |
ICICI Bank Lagged Returns
When evaluating ICICI Bank's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ICICI Bank stock have on its future price. ICICI Bank 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, ICICI Bank autocorrelation shows the relationship between ICICI Bank stock current value and its past values and can show if there is a momentum factor associated with investing in ICICI Bank Limited.
Regressed Prices |
| Timeline |
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Try AI Portfolio ArchitectCheck out ICICI Bank Correlation, ICICI Bank Volatility and ICICI Bank Alpha and Beta module to complement your research on ICICI Bank. Note that the ICICI Bank Limited information on this page should be used as a complementary analysis to other ICICI Bank'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 Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
Complementary Tools for ICICI Stock analysis
When running ICICI Bank's price analysis, check to measure ICICI Bank'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 ICICI Bank is operating at the current time. Most of ICICI Bank's value examination focuses on studying past and present price action to predict the probability of ICICI Bank's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ICICI Bank's price. Additionally, you may evaluate how the addition of ICICI Bank to your portfolios can decrease your overall portfolio volatility.
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ICICI Bank 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.