Credicorp Stock Market Value
| BAP Stock | USD 168.64 3.92 2.38% |
| Symbol | Credicorp |
Credicorp Price To Book Ratio
Is Credicorp's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Credicorp. If investors know Credicorp will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Credicorp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.16) | Earnings Share 15.89 | Revenue Per Share 203.611 | Quarterly Revenue Growth 0.019 | Return On Assets 0.0209 |
The market value of Credicorp is measured differently than its book value, which is the value of Credicorp that is recorded on the company's balance sheet. Investors also form their own opinion of Credicorp's value that differs from its market value or its book value, called intrinsic value, which is Credicorp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Credicorp's market value can be influenced by many factors that don't directly affect Credicorp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Credicorp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Credicorp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Credicorp's 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.
Credicorp '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 Credicorp'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 Credicorp.
| 05/16/2022 |
| 05/05/2024 |
If you would invest 0.00 in Credicorp on May 16, 2022 and sell it all today you would earn a total of 0.00 from holding Credicorp or generate 0.0% return on investment in Credicorp over 720 days. Credicorp is related to or competes with Korea Electric, Orix Corp, and SK Telecom. Credicorp Ltd., a financial service holding company, provides various financial, insurance, and health services and prod... More
Credicorp 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 Credicorp'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 Credicorp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.34 | |||
| Information Ratio | 0.0865 | |||
| Maximum Drawdown | 7.39 | |||
| Value At Risk | (1.86) | |||
| Potential Upside | 2.77 |
Credicorp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Credicorp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Credicorp's standard deviation. In reality, there are many statistical measures that can use Credicorp historical prices to predict the future Credicorp's volatility.| Risk Adjusted Performance | 0.0951 | |||
| Jensen Alpha | 0.1055 | |||
| Total Risk Alpha | 0.0357 | |||
| Sortino Ratio | 0.0924 | |||
| Treynor Ratio | 0.1525 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Credicorp'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.
Credicorp Backtested Returns
We consider Credicorp very steady. Credicorp secures Sharpe Ratio (or Efficiency) of 0.13, which signifies that the company had a 0.13% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for Credicorp, which you can use to evaluate the volatility of the firm. Please confirm Credicorp's risk adjusted performance of 0.0951, and Mean Deviation of 1.07 to double-check if the risk estimate we provide is consistent with the expected return of 0.19%. Credicorp has a performance score of 10 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 1.27, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Credicorp will likely underperform. Credicorp right now shows a risk of 1.45%. Please confirm Credicorp potential upside, rate of daily change, and the relationship between the sortino ratio and skewness , to decide if Credicorp will be following its price patterns.
Auto-correlation | -0.4 |
Poor reverse predictability
Credicorp has poor reverse predictability. Overlapping area represents the amount of predictability between Credicorp time series from 16th of May 2022 to 11th of May 2023 and 11th of May 2023 to 5th 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 Credicorp price movement. The serial correlation of -0.4 indicates that just about 40.0% of current Credicorp price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.4 | |
| Spearman Rank Test | 0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 258.3 |
Credicorp lagged returns against current returns
Autocorrelation, which is Credicorp 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 Credicorp's stock expected returns. We can calculate the autocorrelation of Credicorp returns to help us make a trade decision. For example, suppose you find that Credicorp 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 |
Credicorp 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 Credicorp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Credicorp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Credicorp stock over time.
Current vs Lagged Prices |
| Timeline |
Credicorp Lagged Returns
When evaluating Credicorp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Credicorp stock have on its future price. Credicorp 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, Credicorp autocorrelation shows the relationship between Credicorp stock current value and its past values and can show if there is a momentum factor associated with investing in Credicorp.
Regressed Prices |
| Timeline |
Pair Trading with Credicorp
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 Credicorp 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 Credicorp will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Credicorp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Credicorp 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 Credicorp - 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 Credicorp to buy it.
The correlation of Credicorp 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 Credicorp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Credicorp 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 Credicorp 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 Credicorp Correlation, Credicorp Volatility and Credicorp Alpha and Beta module to complement your research on Credicorp. To learn how to invest in Credicorp Stock, please use our How to Invest in Credicorp guide.Note that the Credicorp information on this page should be used as a complementary analysis to other Credicorp'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 Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
Complementary Tools for Credicorp Stock analysis
When running Credicorp's price analysis, check to measure Credicorp'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 Credicorp is operating at the current time. Most of Credicorp's value examination focuses on studying past and present price action to predict the probability of Credicorp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Credicorp's price. Additionally, you may evaluate how the addition of Credicorp to your portfolios can decrease your overall portfolio volatility.
| Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon | |
| Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios | |
| ETFs Find actively traded Exchange Traded Funds (ETF) from around the world | |
| Headlines Timeline Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity | |
| Risk-Return Analysis View associations between returns expected from investment and the risk you assume | |
| Technical Analysis Check basic technical indicators and analysis based on most latest market data | |
| Pattern Recognition Use different Pattern Recognition models to time the market across multiple global exchanges | |
| FinTech Suite Use AI to screen and filter profitable investment opportunities | |
| Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated | |
| Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
| Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments |
Credicorp 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.