Bank Central Asia Stock Market Value
| PBCRY Stock | USD 14.30 0.22 1.52% |
| Symbol | Bank |
Bank Central '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 Central's pink sheet 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 Central.
| 05/08/2024 |
| 06/07/2024 |
If you would invest 0.00 in Bank Central on May 8, 2024 and sell it all today you would earn a total of 0.00 from holding Bank Central Asia or generate 0.0% return on investment in Bank Central over 30 days. Bank Central is related to or competes with Alpha Services, Turkiye Garanti, and Hang Seng. PT Bank Central Asia Tbk, together with its subsidiaries, provides banking products and services to individual, corporat... More
Bank Central 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 Central's pink sheet 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 Central Asia upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 8.53 | |||
| Value At Risk | (2.62) | |||
| Potential Upside | 2.6 |
Bank Central Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bank Central's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bank Central's standard deviation. In reality, there are many statistical measures that can use Bank Central historical prices to predict the future Bank Central's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.13) | |||
| Treynor Ratio | (0.08) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Bank Central'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 Central Asia Backtested Returns
Bank Central Asia secures Sharpe Ratio (or Efficiency) of -0.0824, which signifies that the company had a -0.0824% return per unit of risk over the last 3 months. Bank Central Asia exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Bank Central's Mean Deviation of 1.23, standard deviation of 1.61, and Risk Adjusted Performance of (0.01) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.76, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Bank Central's returns are expected to increase less than the market. However, during the bear market, the loss of holding Bank Central is expected to be smaller as well. At this point, Bank Central Asia has a negative expected return of -0.13%. Please make sure to confirm Bank Central's total risk alpha, kurtosis, as well as the relationship between the Kurtosis and market facilitation index , to decide if Bank Central Asia performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.11 |
Insignificant predictability
Bank Central Asia has insignificant predictability. Overlapping area represents the amount of predictability between Bank Central time series from 8th of May 2024 to 23rd of May 2024 and 23rd of May 2024 to 7th 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 Bank Central Asia price movement. The serial correlation of 0.11 indicates that less than 11.0% of current Bank Central price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.11 | |
| Spearman Rank Test | 0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Bank Central Asia lagged returns against current returns
Autocorrelation, which is Bank Central pink sheet'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 Central's pink sheet expected returns. We can calculate the autocorrelation of Bank Central returns to help us make a trade decision. For example, suppose you find that Bank Central has exhibited high autocorrelation historically, and you observe that the pink sheet 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 Central 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 Central pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bank Central pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bank Central pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Bank Central Lagged Returns
When evaluating Bank Central's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bank Central pink sheet have on its future price. Bank Central 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 Central autocorrelation shows the relationship between Bank Central pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Bank Central Asia.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Bank Pink Sheet Analysis
When running Bank Central's price analysis, check to measure Bank Central'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 Central is operating at the current time. Most of Bank Central's value examination focuses on studying past and present price action to predict the probability of Bank Central'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 Central's price. Additionally, you may evaluate how the addition of Bank Central to your portfolios can decrease your overall portfolio volatility.