Below is a chart of ICICI Bank Limited from 2001 to 2020 reflecting the year-over-year (YoY) percentage change. This assessment reviews the probability of performance in the coming year(s).
In the last 12 months, ICICI Bank Limited has declined as much as -6%, on a YoY basis. Below is the history of returns when ICICI Bank Limited has declined by -6% since 2001 (level of YoY decline as of November 4, 2020).
Following a similar one year decline of -6%, had ICICI Bank Limited been acquired and held for 2.25 years, the average return annualized gain of +18% occurred with a high level of probability.
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