BHB Brauholding (Germany) Market Value
| B9B Stock | EUR 2.58 0.02 0.77% |
| Symbol | BHB |
BHB Brauholding '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 BHB Brauholding'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 BHB Brauholding.
| 03/23/2024 |
| 04/22/2024 |
If you would invest 0.00 in BHB Brauholding on March 23, 2024 and sell it all today you would earn a total of 0.00 from holding BHB Brauholding Bayern Mitte or generate 0.0% return on investment in BHB Brauholding over 30 days. BHB Brauholding is related to or competes with TRADEDOUBLER, ON SEMICONDUCTOR, Nordic Semiconductor, FLOW TRADERS, Salesforce, SALESFORCE INC, and Taiwan Semiconductor. BHB Brauholding Bayern-Mitte AG engages in the brewery business in Germany More
BHB Brauholding 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 BHB Brauholding'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 BHB Brauholding Bayern Mitte upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 18.95 | |||
| Value At Risk | (3.79) | |||
| Potential Upside | 3.1 |
BHB Brauholding Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BHB Brauholding's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BHB Brauholding's standard deviation. In reality, there are many statistical measures that can use BHB Brauholding historical prices to predict the future BHB Brauholding's volatility.| Risk Adjusted Performance | 3.0E-4 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.39) | |||
| Treynor Ratio | 0.1731 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of BHB Brauholding'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.
BHB Brauholding Bayern Backtested Returns
BHB Brauholding Bayern retains Efficiency (Sharpe Ratio) of -0.0123, which signifies that the company had a -0.0123% return per unit of risk over the last 3 months. BHB Brauholding exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm BHB Brauholding's market risk adjusted performance of 0.1831, and Variance of 7.71 to double-check the risk estimate we provide. The firm owns a Beta (Systematic Risk) of -0.25, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning BHB Brauholding are expected to decrease at a much lower rate. During the bear market, BHB Brauholding is likely to outperform the market. BHB Brauholding Bayern has an expected return of -0.0341%. Please make sure to confirm BHB Brauholding Bayern Mitte coefficient of variation, variance, and the relationship between the mean deviation and standard deviation , to decide if BHB Brauholding Bayern performance from the past will be repeated at some future date.
Auto-correlation | 0.07 |
Virtually no predictability
BHB Brauholding Bayern Mitte has virtually no predictability. Overlapping area represents the amount of predictability between BHB Brauholding time series from 23rd of March 2024 to 7th of April 2024 and 7th of April 2024 to 22nd 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 BHB Brauholding Bayern price movement. The serial correlation of 0.07 indicates that barely 7.0% of current BHB Brauholding price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.07 | |
| Spearman Rank Test | 0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
BHB Brauholding Bayern lagged returns against current returns
Autocorrelation, which is BHB Brauholding 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 BHB Brauholding's stock expected returns. We can calculate the autocorrelation of BHB Brauholding returns to help us make a trade decision. For example, suppose you find that BHB Brauholding 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 |
BHB Brauholding 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 BHB Brauholding stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BHB Brauholding stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BHB Brauholding stock over time.
Current vs Lagged Prices |
| Timeline |
BHB Brauholding Lagged Returns
When evaluating BHB Brauholding's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BHB Brauholding stock have on its future price. BHB Brauholding 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, BHB Brauholding autocorrelation shows the relationship between BHB Brauholding stock current value and its past values and can show if there is a momentum factor associated with investing in BHB Brauholding Bayern Mitte.
Regressed Prices |
| Timeline |
Pair Trading with BHB Brauholding
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 BHB Brauholding 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 BHB Brauholding will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to BHB Brauholding could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BHB Brauholding 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 BHB Brauholding - 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 BHB Brauholding Bayern Mitte to buy it.
The correlation of BHB Brauholding 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 BHB Brauholding moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BHB Brauholding Bayern 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 BHB Brauholding 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 BHB Brauholding Correlation, BHB Brauholding Volatility and BHB Brauholding Alpha and Beta module to complement your research on BHB Brauholding. You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
Complementary Tools for BHB Stock analysis
When running BHB Brauholding's price analysis, check to measure BHB Brauholding'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 BHB Brauholding is operating at the current time. Most of BHB Brauholding's value examination focuses on studying past and present price action to predict the probability of BHB Brauholding's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move BHB Brauholding's price. Additionally, you may evaluate how the addition of BHB Brauholding to your portfolios can decrease your overall portfolio volatility.
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BHB Brauholding 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.