Bureau Veritas (France) Market Value
BVI Stock | EUR 27.38 0.18 0.66% |
Symbol | Bureau |
Bureau Veritas '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 Bureau Veritas' 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 Bureau Veritas.
03/24/2024 |
| 04/23/2024 |
If you would invest 0.00 in Bureau Veritas on March 24, 2024 and sell it all today you would earn a total of 0.00 from holding Bureau Veritas SA or generate 0.0% return on investment in Bureau Veritas over 30 days. Bureau Veritas is related to or competes with Trigano SA, and Chargeurs. Bureau Veritas SA provides testing, inspection, and certification services in the areas of quality, health and safety, e... More
Bureau Veritas 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 Bureau Veritas' 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 Bureau Veritas SA upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 0.9265 | |||
Information Ratio | 0.1306 | |||
Maximum Drawdown | 10.11 | |||
Value At Risk | (1.23) | |||
Potential Upside | 1.87 |
Bureau Veritas Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bureau Veritas' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bureau Veritas' standard deviation. In reality, there are many statistical measures that can use Bureau Veritas historical prices to predict the future Bureau Veritas' volatility.Risk Adjusted Performance | 0.1259 | |||
Jensen Alpha | 0.2251 | |||
Total Risk Alpha | 0.0848 | |||
Sortino Ratio | 0.1806 | |||
Treynor Ratio | 1.04 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Bureau Veritas' 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.
Bureau Veritas SA Backtested Returns
We consider Bureau Veritas very steady. Bureau Veritas SA secures Sharpe Ratio (or Efficiency) of 0.15, which signifies that the company had a 0.15% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Bureau Veritas SA, which you can use to evaluate the volatility of the firm. Please confirm Bureau Veritas' Risk Adjusted Performance of 0.1259, downside deviation of 0.9265, and Mean Deviation of 0.8187 to double-check if the risk estimate we provide is consistent with the expected return of 0.19%. Bureau Veritas has a performance score of 11 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.23, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Bureau Veritas' returns are expected to increase less than the market. However, during the bear market, the loss of holding Bureau Veritas is expected to be smaller as well. Bureau Veritas SA right now shows a risk of 1.3%. Please confirm Bureau Veritas SA semi variance, rate of daily change, and the relationship between the value at risk and kurtosis , to decide if Bureau Veritas SA will be following its price patterns.
Auto-correlation | -0.24 |
Weak reverse predictability
Bureau Veritas SA has weak reverse predictability. Overlapping area represents the amount of predictability between Bureau Veritas time series from 24th of March 2024 to 8th of April 2024 and 8th of April 2024 to 23rd 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 Bureau Veritas SA price movement. The serial correlation of -0.24 indicates that over 24.0% of current Bureau Veritas price fluctuation can be explain by its past prices.
Correlation Coefficient | -0.24 | |
Spearman Rank Test | 0.32 | |
Residual Average | 0.0 | |
Price Variance | 0.02 |
Bureau Veritas SA lagged returns against current returns
Autocorrelation, which is Bureau Veritas 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 Bureau Veritas' stock expected returns. We can calculate the autocorrelation of Bureau Veritas returns to help us make a trade decision. For example, suppose you find that Bureau Veritas 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 |
Bureau Veritas 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 Bureau Veritas stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bureau Veritas stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bureau Veritas stock over time.
Current vs Lagged Prices |
Timeline |
Bureau Veritas Lagged Returns
When evaluating Bureau Veritas' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bureau Veritas stock have on its future price. Bureau Veritas 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, Bureau Veritas autocorrelation shows the relationship between Bureau Veritas stock current value and its past values and can show if there is a momentum factor associated with investing in Bureau Veritas SA.
Regressed Prices |
Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Bureau Veritas in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Bureau Veritas' short interest history, or implied volatility extrapolated from Bureau Veritas options trading.
Pair Trading with Bureau Veritas
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 Bureau Veritas 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 Bureau Veritas will appreciate offsetting losses from the drop in the long position's value.Moving together with Bureau Stock
0.71 | MC | LVMH Mot Hennessy | PairCorr |
0.91 | RMS | Hermes International SCA Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Bureau Veritas could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bureau Veritas 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 Bureau Veritas - 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 Bureau Veritas SA to buy it.
The correlation of Bureau Veritas 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 Bureau Veritas moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bureau Veritas 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 Bureau Veritas 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 Bureau Veritas Correlation, Bureau Veritas Volatility and Bureau Veritas Alpha and Beta module to complement your research on Bureau Veritas. You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.
Complementary Tools for Bureau Stock analysis
When running Bureau Veritas' price analysis, check to measure Bureau Veritas' 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 Bureau Veritas is operating at the current time. Most of Bureau Veritas' value examination focuses on studying past and present price action to predict the probability of Bureau Veritas' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bureau Veritas' price. Additionally, you may evaluate how the addition of Bureau Veritas to your portfolios can decrease your overall portfolio volatility.
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Bureau Veritas 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.