Banco Bilbao (Spain) Market Value
| BBVA Stock | EUR 10.22 0.26 2.61% |
| Symbol | Banco |
Banco Bilbao '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 Banco Bilbao'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 Banco Bilbao.
| 03/19/2024 |
| 04/18/2024 |
If you would invest 0.00 in Banco Bilbao on March 19, 2024 and sell it all today you would earn a total of 0.00 from holding Banco Bilbao Vizcaya or generate 0.0% return on investment in Banco Bilbao over 30 days. Banco Bilbao is related to or competes with Repsol, Iberdrola, Banco De, Caixabank, and Industria. Banco Bilbao Vizcaya Argentaria, S.A., together with its subsidiaries, provides retail banking, wholesale banking, asset... More
Banco Bilbao 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 Banco Bilbao'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 Banco Bilbao Vizcaya upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.46 | |||
| Information Ratio | 0.122 | |||
| Maximum Drawdown | 5.61 | |||
| Value At Risk | (2.06) | |||
| Potential Upside | 2.61 |
Banco Bilbao Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Banco Bilbao's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Banco Bilbao's standard deviation. In reality, there are many statistical measures that can use Banco Bilbao historical prices to predict the future Banco Bilbao's volatility.| Risk Adjusted Performance | 0.0308 | |||
| Jensen Alpha | 0.0201 | |||
| Total Risk Alpha | 0.3261 | |||
| Sortino Ratio | 0.1207 | |||
| Treynor Ratio | (0.24) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Banco Bilbao'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.
Banco Bilbao Vizcaya Backtested Returns
We consider Banco Bilbao not too volatile. Banco Bilbao Vizcaya secures Sharpe Ratio (or Efficiency) of 0.0133, which signifies that the company had a 0.0133% return per unit of risk over the last month. We have found twenty-nine technical indicators for Banco Bilbao Vizcaya, which you can use to evaluate the volatility of the firm. Please confirm Banco Bilbao's Downside Deviation of 1.46, risk adjusted performance of 0.0308, and Mean Deviation of 1.12 to double-check if the risk estimate we provide is consistent with the expected return of 0.0194%. Banco Bilbao has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.19, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Banco Bilbao are expected to decrease at a much lower rate. During the bear market, Banco Bilbao is likely to outperform the market. Banco Bilbao Vizcaya right now shows a risk of 1.46%. Please confirm Banco Bilbao Vizcaya standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to decide if Banco Bilbao Vizcaya will be following its price patterns.
Auto-correlation | -0.85 |
Excellent reverse predictability
Banco Bilbao Vizcaya has excellent reverse predictability. Overlapping area represents the amount of predictability between Banco Bilbao time series from 19th of March 2024 to 3rd of April 2024 and 3rd of April 2024 to 18th 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 Banco Bilbao Vizcaya price movement. The serial correlation of -0.85 indicates that around 85.0% of current Banco Bilbao price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.85 | |
| Spearman Rank Test | -0.83 | |
| Residual Average | 0.0 | |
| Price Variance | 0.1 |
Banco Bilbao Vizcaya lagged returns against current returns
Autocorrelation, which is Banco Bilbao 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 Banco Bilbao's stock expected returns. We can calculate the autocorrelation of Banco Bilbao returns to help us make a trade decision. For example, suppose you find that Banco Bilbao 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 |
Banco Bilbao 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 Banco Bilbao stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Banco Bilbao stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Banco Bilbao stock over time.
Current vs Lagged Prices |
| Timeline |
Banco Bilbao Lagged Returns
When evaluating Banco Bilbao's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Banco Bilbao stock have on its future price. Banco Bilbao 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, Banco Bilbao autocorrelation shows the relationship between Banco Bilbao stock current value and its past values and can show if there is a momentum factor associated with investing in Banco Bilbao Vizcaya.
Regressed Prices |
| Timeline |
Pair Trading with Banco Bilbao
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 Banco Bilbao 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 Banco Bilbao will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Banco Bilbao could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Banco Bilbao 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 Banco Bilbao - 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 Banco Bilbao Vizcaya to buy it.
The correlation of Banco Bilbao 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 Banco Bilbao moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Banco Bilbao Vizcaya 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 Banco Bilbao 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 Banco Bilbao Correlation, Banco Bilbao Volatility and Banco Bilbao Alpha and Beta module to complement your research on Banco Bilbao. You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
Complementary Tools for Banco Stock analysis
When running Banco Bilbao's price analysis, check to measure Banco Bilbao'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 Banco Bilbao is operating at the current time. Most of Banco Bilbao's value examination focuses on studying past and present price action to predict the probability of Banco Bilbao's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Banco Bilbao's price. Additionally, you may evaluate how the addition of Banco Bilbao to your portfolios can decrease your overall portfolio volatility.
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| Positions Ratings Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios | |
| Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments | |
| Risk-Return Analysis View associations between returns expected from investment and the risk you assume |
Banco Bilbao 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.