BNP Paribas (Germany) Market Value
| BNP Stock | EUR 68.00 0.44 0.65% |
| Symbol | BNP |
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' 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 BNP Paribas.
| 03/06/2024 |
| 06/04/2024 |
If you would invest 0.00 in BNP Paribas on March 6, 2024 and sell it all today you would earn a total of 0.00 from holding BNP Paribas SA or generate 0.0% return on investment in BNP Paribas over 90 days. BNP Paribas is related to or competes with Intesa Sanpaolo, Lloyds Banking, Lloyds Banking, UniCredit SpA, Crdit Agricole, and CaixaBank. BNP Paribas SA provides a range of banking and financial services in France and internationally 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' 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 BNP Paribas SA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.02 | |||
| Information Ratio | 0.337 | |||
| Maximum Drawdown | 4.51 | |||
| Value At Risk | (1.41) | |||
| Potential Upside | 2.47 |
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 | 0.2357 | |||
| Jensen Alpha | 0.4023 | |||
| Total Risk Alpha | 0.3635 | |||
| Sortino Ratio | 0.3771 | |||
| Treynor Ratio | 1.26 |
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 SA Backtested Returns
BNP Paribas appears to be very steady, given 3 months investment horizon. BNP Paribas SA secures Sharpe Ratio (or Efficiency) of 0.34, which signifies that the company had a 0.34% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for BNP Paribas SA, which you can use to evaluate the volatility of the firm. Please makes use of BNP Paribas' mean deviation of 0.9114, and Risk Adjusted Performance of 0.2357 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, BNP Paribas holds a performance score of 26. The firm shows a Beta (market volatility) of 0.32, 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. Please check BNP Paribas' maximum drawdown, semi variance, and the relationship between the sortino ratio and potential upside , to make a quick decision on whether BNP Paribas' price patterns will revert.
Auto-correlation | 0.90 |
Excellent predictability
BNP Paribas SA has excellent predictability. Overlapping area represents the amount of predictability between BNP Paribas time series from 6th of March 2024 to 20th of April 2024 and 20th of April 2024 to 4th of June 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 SA price movement. The serial correlation of 0.9 indicates that approximately 90.0% of current BNP Paribas price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.9 | |
| Spearman Rank Test | 0.72 | |
| Residual Average | 0.0 | |
| Price Variance | 3.6 |
BNP Paribas SA lagged returns against current returns
Autocorrelation, which is BNP Paribas 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 BNP Paribas' stock 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 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 |
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 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BNP Paribas stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BNP Paribas stock 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 stock 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 stock current value and its past values and can show if there is a momentum factor associated with investing in BNP Paribas SA.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in BNP Stock
BNP Paribas financial ratios help investors to determine whether BNP Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in BNP with respect to the benefits of owning BNP Paribas security.