Bank Of Hawaii Preferred Stock Market Value
| BOH-PA Preferred Stock | USD 16.03 0.03 0.19% |
| Symbol | Bank |
Bank of Hawaii '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 of Hawaii's preferred 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 of Hawaii.
| 02/16/2024 |
| 05/16/2024 |
If you would invest 0.00 in Bank of Hawaii on February 16, 2024 and sell it all today you would earn a total of 0.00 from holding Bank of Hawaii or generate 0.0% return on investment in Bank of Hawaii over 90 days. Bank of Hawaii is related to or competes with US Bancorp, Truist Financial, MetLife Preferred, and US Bancorp. Bank of Hawaii Corporation operates as the bank holding company for Bank of Hawaii that provides various financial produ... More
Bank of Hawaii 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 of Hawaii's preferred 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 of Hawaii upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 5.85 | |||
| Value At Risk | (2.25) | |||
| Potential Upside | 2.09 |
Bank of Hawaii Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bank of Hawaii's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bank of Hawaii's standard deviation. In reality, there are many statistical measures that can use Bank of Hawaii historical prices to predict the future Bank of Hawaii's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.24) | |||
| Treynor Ratio | 0.3769 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Bank of Hawaii'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 of Hawaii Backtested Returns
Bank of Hawaii secures Sharpe Ratio (or Efficiency) of -0.0325, which signifies that the company had a -0.0325% return per unit of risk over the last 3 months. Bank of Hawaii exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Bank of Hawaii's Standard Deviation of 1.25, risk adjusted performance of (0.03), and Mean Deviation of 0.9461 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.22, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Bank of Hawaii are expected to decrease at a much lower rate. During the bear market, Bank of Hawaii is likely to outperform the market. Bank of Hawaii has an expected return of -0.0367%. Please make sure to confirm Bank of Hawaii skewness, and the relationship between the treynor ratio and daily balance of power , to decide if Bank of Hawaii performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.03 |
Virtually no predictability
Bank of Hawaii has virtually no predictability. Overlapping area represents the amount of predictability between Bank of Hawaii time series from 16th of February 2024 to 1st of April 2024 and 1st of April 2024 to 16th 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 of Hawaii price movement. The serial correlation of 0.03 indicates that only 3.0% of current Bank of Hawaii price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.03 | |
| Spearman Rank Test | 0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Bank of Hawaii lagged returns against current returns
Autocorrelation, which is Bank of Hawaii preferred 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 of Hawaii's preferred stock expected returns. We can calculate the autocorrelation of Bank of Hawaii returns to help us make a trade decision. For example, suppose you find that Bank of Hawaii has exhibited high autocorrelation historically, and you observe that the preferred 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 of Hawaii 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 of Hawaii preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bank of Hawaii preferred stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bank of Hawaii preferred stock over time.
Current vs Lagged Prices |
| Timeline |
Bank of Hawaii Lagged Returns
When evaluating Bank of Hawaii's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bank of Hawaii preferred stock have on its future price. Bank of Hawaii 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 of Hawaii autocorrelation shows the relationship between Bank of Hawaii preferred stock current value and its past values and can show if there is a momentum factor associated with investing in Bank of Hawaii.
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 Bank of Hawaii 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, Bank of Hawaii's short interest history, or implied volatility extrapolated from Bank of Hawaii options trading.
Pair Trading with Bank of Hawaii
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 Bank of Hawaii 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 Bank of Hawaii will appreciate offsetting losses from the drop in the long position's value.Moving against Bank Preferred Stock
| 0.48 | RF | Regions Financial Financial Report 19th of July 2024 | PairCorr |
| 0.48 | TECTP | Tectonic Financial | PairCorr |
The ability to find closely correlated positions to Bank of Hawaii could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bank of Hawaii 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 Bank of Hawaii - 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 Bank of Hawaii to buy it.
The correlation of Bank of Hawaii 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 Bank of Hawaii moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bank of Hawaii 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 Bank of Hawaii 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 Bank of Hawaii Correlation, Bank of Hawaii Volatility and Bank of Hawaii Alpha and Beta module to complement your research on Bank of Hawaii. For information on how to trade Bank Preferred Stock refer to our How to Trade Bank Preferred Stock guide.Note that the Bank of Hawaii information on this page should be used as a complementary analysis to other Bank of Hawaii'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 Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
Complementary Tools for Bank Preferred Stock analysis
When running Bank of Hawaii's price analysis, check to measure Bank of Hawaii'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 of Hawaii is operating at the current time. Most of Bank of Hawaii's value examination focuses on studying past and present price action to predict the probability of Bank of Hawaii'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 of Hawaii's price. Additionally, you may evaluate how the addition of Bank of Hawaii to your portfolios can decrease your overall portfolio volatility.
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Bank of Hawaii technical preferred 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, preferred stock market cycles, or different charting patterns.