Bancolombia Sa Adr Stock Market Value
| CIB Stock | USD 34.15 0.22 0.65% |
| Symbol | Bancolombia |
Bancolombia SA ADR Price To Book Ratio
Is Bancolombia'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 Bancolombia. If investors know Bancolombia 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 Bancolombia 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 (0.12) | Dividend Share 3.5 K | Earnings Share 6.51 | Revenue Per Share 21.7 K | Quarterly Revenue Growth 0.037 |
The market value of Bancolombia SA ADR is measured differently than its book value, which is the value of Bancolombia that is recorded on the company's balance sheet. Investors also form their own opinion of Bancolombia's value that differs from its market value or its book value, called intrinsic value, which is Bancolombia'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 Bancolombia's market value can be influenced by many factors that don't directly affect Bancolombia'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 Bancolombia's value and its price as these two are different measures arrived at by different means. Investors typically determine if Bancolombia is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bancolombia'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.
Bancolombia '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 Bancolombia'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 Bancolombia.
| 11/08/2023 |
| 05/06/2024 |
If you would invest 0.00 in Bancolombia on November 8, 2023 and sell it all today you would earn a total of 0.00 from holding Bancolombia SA ADR or generate 0.0% return on investment in Bancolombia over 180 days. Bancolombia is related to or competes with Woori Financial, Korea Electric, Orix Corp, and SK Telecom. Bancolombia S.A. provides banking products and services in Colombia, Panama, Puerto Rico, El Salvador, Costa Rica, and G... More
Bancolombia 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 Bancolombia'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 Bancolombia SA ADR upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.4 | |||
| Information Ratio | 0.0548 | |||
| Maximum Drawdown | 7.43 | |||
| Value At Risk | (2.33) | |||
| Potential Upside | 2.65 |
Bancolombia Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bancolombia's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bancolombia's standard deviation. In reality, there are many statistical measures that can use Bancolombia historical prices to predict the future Bancolombia's volatility.| Risk Adjusted Performance | 0.0719 | |||
| Jensen Alpha | 0.0845 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.0626 | |||
| Treynor Ratio | 0.15 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Bancolombia'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.
Bancolombia SA ADR Backtested Returns
We consider Bancolombia very steady. Bancolombia SA ADR secures Sharpe Ratio (or Efficiency) of 0.1, which signifies that the company had a 0.1% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Bancolombia SA ADR, which you can use to evaluate the volatility of the firm. Please confirm Bancolombia's Downside Deviation of 1.4, risk adjusted performance of 0.0719, and Mean Deviation of 1.24 to double-check if the risk estimate we provide is consistent with the expected return of 0.17%. Bancolombia has a performance score of 8 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 1.05, which signifies a somewhat significant risk relative to the market. Bancolombia returns are very sensitive to returns on the market. As the market goes up or down, Bancolombia is expected to follow. Bancolombia SA ADR right now shows a risk of 1.62%. Please confirm Bancolombia SA ADR maximum drawdown, semi variance, and the relationship between the sortino ratio and potential upside , to decide if Bancolombia SA ADR will be following its price patterns.
Auto-correlation | 0.80 |
Very good predictability
Bancolombia SA ADR has very good predictability. Overlapping area represents the amount of predictability between Bancolombia time series from 8th of November 2023 to 6th of February 2024 and 6th of February 2024 to 6th 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 Bancolombia SA ADR price movement. The serial correlation of 0.8 indicates that around 80.0% of current Bancolombia price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.8 | |
| Spearman Rank Test | 0.73 | |
| Residual Average | 0.0 | |
| Price Variance | 2.72 |
Bancolombia SA ADR lagged returns against current returns
Autocorrelation, which is Bancolombia 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 Bancolombia's stock expected returns. We can calculate the autocorrelation of Bancolombia returns to help us make a trade decision. For example, suppose you find that Bancolombia 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 |
Bancolombia 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 Bancolombia stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bancolombia stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bancolombia stock over time.
Current vs Lagged Prices |
| Timeline |
Bancolombia Lagged Returns
When evaluating Bancolombia's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bancolombia stock have on its future price. Bancolombia 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, Bancolombia autocorrelation shows the relationship between Bancolombia stock current value and its past values and can show if there is a momentum factor associated with investing in Bancolombia SA ADR.
Regressed Prices |
| Timeline |
Pair Trading with Bancolombia
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 Bancolombia 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 Bancolombia will appreciate offsetting losses from the drop in the long position's value.Moving together with Bancolombia Stock
| 0.68 | DB | Deutsche Bank AG | PairCorr |
Moving against Bancolombia Stock
| 0.63 | EBTC | Enterprise Bancorp | PairCorr |
| 0.5 | EBMT | Eagle Bancorp Montana Financial Report 23rd of July 2024 | PairCorr |
| 0.43 | EGBN | Eagle Bancorp Financial Report 24th of July 2024 | PairCorr |
The ability to find closely correlated positions to Bancolombia could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bancolombia 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 Bancolombia - 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 Bancolombia SA ADR to buy it.
The correlation of Bancolombia 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 Bancolombia moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bancolombia SA ADR 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 Bancolombia 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 Bancolombia Correlation, Bancolombia Volatility and Bancolombia Alpha and Beta module to complement your research on Bancolombia. You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.
Complementary Tools for Bancolombia Stock analysis
When running Bancolombia's price analysis, check to measure Bancolombia'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 Bancolombia is operating at the current time. Most of Bancolombia's value examination focuses on studying past and present price action to predict the probability of Bancolombia's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bancolombia's price. Additionally, you may evaluate how the addition of Bancolombia to your portfolios can decrease your overall portfolio volatility.
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Bancolombia 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.