Bnp Paribas Sa Stock Market Value

BNPQF Stock  USD 70.00  1.81  2.65%   
BNP Paribas' market value is the price at which a share of BNP Paribas trades on a public exchange. It measures the collective expectations of BNP Paribas SA investors about its performance. BNP Paribas is trading at 70.00 as of the 29th of March 2024. This is a 2.65 percent up since the beginning of the trading day. The stock's lowest day price was 70.0.
With this module, you can estimate the performance of a buy and hold strategy of BNP Paribas SA and determine expected loss or profit from investing in BNP Paribas over a given investment horizon. Check out BNP Paribas Correlation, BNP Paribas Volatility and BNP Paribas Alpha and Beta module to complement your research on BNP Paribas.
Symbol

Please note, there is a significant difference between BNP Paribas' value and its price as these two are different measures arrived at by different means. Investors typically determine if BNP Paribas is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, BNP Paribas' 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.

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' otc 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.
0.00
05/09/2022
No Change 0.00  0.0 
In 1 year 10 months and 21 days
03/29/2024
0.00
If you would invest  0.00  in BNP Paribas on May 9, 2022 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 690 days. BNP Paribas is related to or competes with China Merchants, HDFC Bank, Fifth Third, Banco Bradesco, Banco Do, ICICI Bank, and US Bancorp. BNP Paribas SA engages in the provision of banking and financial services in Europe, North America, Asia Pacific, and in... 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' otc 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.

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.
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.
Hype
Prediction
LowEstimatedHigh
68.3070.0071.70
Details
Intrinsic
Valuation
LowRealHigh
63.4065.1077.00
Details
Naive
Forecast
LowNextHigh
66.0567.7669.46
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
58.4664.8471.22
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as BNP Paribas. Your research has to be compared to or analyzed against BNP Paribas' peers to derive any actionable benefits. When done correctly, BNP Paribas' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in BNP Paribas SA.

BNP Paribas SA Backtested Returns

We consider BNP Paribas very steady. BNP Paribas SA secures Sharpe Ratio (or Efficiency) of 0.009, which signifies that the company had a 0.009% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for BNP Paribas SA, which you can use to evaluate the volatility of the firm. Please confirm BNP Paribas' risk adjusted performance of 0.0204, and Mean Deviation of 1.18 to double-check if the risk estimate we provide is consistent with the expected return of 0.0155%. The firm shows a Beta (market volatility) of 0.3, which signifies not very significant fluctuations relative to the market. 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. BNP Paribas SA now shows a risk of 1.72%. Please confirm BNP Paribas SA potential upside, and the relationship between the sortino ratio and skewness , to decide if BNP Paribas SA will be following its price patterns.

Auto-correlation

    
  0.30  

Below average predictability

BNP Paribas SA has below average predictability. Overlapping area represents the amount of predictability between BNP Paribas time series from 9th of May 2022 to 19th of April 2023 and 19th of April 2023 to 29th of March 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 0.3 indicates that nearly 30.0% of current BNP Paribas price fluctuation can be explain by its past prices.
Correlation Coefficient0.3
Spearman Rank Test0.23
Residual Average0.0
Price Variance9.76

BNP Paribas SA lagged returns against current returns

Autocorrelation, which is BNP Paribas otc 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' otc 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 otc 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 otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BNP Paribas otc 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 otc 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 otc 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 otc 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  

Pair Trading with BNP Paribas

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 BNP Paribas 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 BNP Paribas will appreciate offsetting losses from the drop in the long position's value.

Moving together with BNP OTC Stock

  0.67HDB HDFC Bank Limited Fiscal Quarter End 31st of March 2024 PairCorr
  0.68BBDC4 Banco Bradesco SAPairCorr

Moving against BNP OTC Stock

  0.73BBAS3 Banco Do BrasilPairCorr
  0.56LRDG Lord Global CorpPairCorr
  0.51CIHKY China Merchants BankPairCorr
The ability to find closely correlated positions to BNP Paribas could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BNP Paribas 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 BNP Paribas - 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 BNP Paribas SA to buy it.
The correlation of BNP Paribas 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 BNP Paribas moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BNP Paribas SA 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 BNP Paribas 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.
Pair CorrelationCorrelation Matching
Check out BNP Paribas Correlation, BNP Paribas Volatility and BNP Paribas Alpha and Beta module to complement your research on BNP Paribas.
You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.

Complementary Tools for BNP OTC Stock analysis

When running BNP Paribas' price analysis, check to measure BNP Paribas' 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 BNP Paribas is operating at the current time. Most of BNP Paribas' value examination focuses on studying past and present price action to predict the probability of BNP Paribas' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move BNP Paribas' price. Additionally, you may evaluate how the addition of BNP Paribas to your portfolios can decrease your overall portfolio volatility.
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BNP Paribas technical otc 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, otc market cycles, or different charting patterns.
A focus of BNP Paribas technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of BNP Paribas trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...