Bodycote Plc Stock Market Value
| BYPLF Stock | USD 8.35 0.00 0.00% |
| Symbol | Bodycote |
Bodycote Plc '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 Bodycote Plc's pink sheet 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 Bodycote Plc.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Bodycote Plc on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding Bodycote plc or generate 0.0% return on investment in Bodycote Plc over 30 days. Bodycote Plc is related to or competes with GE Aerospace, Eaton PLC, Illinois Tool, Parker Hannifin, and Emerson Electric. Bodycote plc provides heat treatment and thermal processing services worldwide More
Bodycote Plc 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 Bodycote Plc's pink sheet 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 Bodycote plc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0932 | |||
| Maximum Drawdown | 13.9 |
Bodycote Plc Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bodycote Plc's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bodycote Plc's standard deviation. In reality, there are many statistical measures that can use Bodycote Plc historical prices to predict the future Bodycote Plc's volatility.| Risk Adjusted Performance | 0.0895 | |||
| Jensen Alpha | 0.2051 | |||
| Total Risk Alpha | 0.056 | |||
| Treynor Ratio | 1.64 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Bodycote Plc'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.
Bodycote plc Backtested Returns
Bodycote Plc appears to be not too volatile, given 3 months investment horizon. Bodycote plc secures Sharpe Ratio (or Efficiency) of 0.14, which signifies that the company had a 0.14% return per unit of standard deviation over the last 3 months. We have found sixteen technical indicators for Bodycote plc, which you can use to evaluate the volatility of the firm. Please makes use of Bodycote Plc's risk adjusted performance of 0.0895, and Mean Deviation of 0.5306 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Bodycote Plc holds a performance score of 10. The firm shows a Beta (market volatility) of 0.13, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Bodycote Plc's returns are expected to increase less than the market. However, during the bear market, the loss of holding Bodycote Plc is expected to be smaller as well. Please check Bodycote Plc's variance, as well as the relationship between the skewness and day typical price , to make a quick decision on whether Bodycote Plc's price patterns will revert.
Auto-correlation | 0.00 |
No correlation between past and present
Bodycote plc has no correlation between past and present. Overlapping area represents the amount of predictability between Bodycote Plc time series from 20th of March 2024 to 4th of April 2024 and 4th of April 2024 to 19th 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 Bodycote plc price movement. The serial correlation of 0.0 indicates that just 0.0% of current Bodycote Plc price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Bodycote plc lagged returns against current returns
Autocorrelation, which is Bodycote Plc pink sheet'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 Bodycote Plc's pink sheet expected returns. We can calculate the autocorrelation of Bodycote Plc returns to help us make a trade decision. For example, suppose you find that Bodycote Plc has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Bodycote Plc 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 Bodycote Plc pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bodycote Plc pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bodycote Plc pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Bodycote Plc Lagged Returns
When evaluating Bodycote Plc's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bodycote Plc pink sheet have on its future price. Bodycote Plc 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, Bodycote Plc autocorrelation shows the relationship between Bodycote Plc pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Bodycote plc.
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 Bodycote Plc 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, Bodycote Plc's short interest history, or implied volatility extrapolated from Bodycote Plc options trading.
Pair Trading with Bodycote Plc
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 Bodycote Plc 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 Bodycote Plc will appreciate offsetting losses from the drop in the long position's value.Moving together with Bodycote Pink Sheet
| 0.82 | GE | GE Aerospace Earnings Call This Week | PairCorr |
| 0.93 | SIEGY | Siemens AG ADR | PairCorr |
| 0.86 | ETN | Eaton PLC Financial Report 7th of May 2024 | PairCorr |
| 0.66 | SBGSY | Schneider Electric Earnings Call This Week | PairCorr |
Moving against Bodycote Pink Sheet
| 0.69 | TLK | Telkom Indonesia Tbk Financial Report 26th of April 2024 | PairCorr |
The ability to find closely correlated positions to Bodycote Plc could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bodycote Plc 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 Bodycote Plc - 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 Bodycote plc to buy it.
The correlation of Bodycote Plc 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 Bodycote Plc moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bodycote plc 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 Bodycote Plc 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 Bodycote Plc Correlation, Bodycote Plc Volatility and Bodycote Plc Alpha and Beta module to complement your research on Bodycote Plc. You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
Complementary Tools for Bodycote Pink Sheet analysis
When running Bodycote Plc's price analysis, check to measure Bodycote Plc'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 Bodycote Plc is operating at the current time. Most of Bodycote Plc's value examination focuses on studying past and present price action to predict the probability of Bodycote Plc's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bodycote Plc's price. Additionally, you may evaluate how the addition of Bodycote Plc to your portfolios can decrease your overall portfolio volatility.
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Bodycote Plc technical pink sheet 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, pink sheet market cycles, or different charting patterns.