B Communications (Israel) Market Value
| BCOM Stock | ILS 1,291 101.00 8.49% |
| Symbol | BCOM |
B Communications '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 B Communications' 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 B Communications.
| 05/30/2022 |
| 04/19/2024 |
If you would invest 0.00 in B Communications on May 30, 2022 and sell it all today you would earn a total of 0.00 from holding B Communications or generate 0.0% return on investment in B Communications over 690 days. B Communications is related to or competes with EN Shoham, Accel Solutions, SR Accord, Rapac Communication, and Rani Zim. B Communications Ltd., through its subsidiaries, provides a range of telecommunications services for business and privat... More
B Communications 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 B Communications' 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 B Communications upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 10.36 | |||
| Value At Risk | (3.12) | |||
| Potential Upside | 3.86 |
B Communications Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for B Communications' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as B Communications' standard deviation. In reality, there are many statistical measures that can use B Communications historical prices to predict the future B Communications' volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.35) | |||
| Treynor Ratio | (0.42) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of B Communications' 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.
B Communications Backtested Returns
B Communications retains Efficiency (Sharpe Ratio) of -0.0347, which signifies that the company had a -0.0347% return per unit of risk over the last 3 months. B Communications exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm B Communications' variance of 4.87, and Market Risk Adjusted Performance of (0.41) to double-check the risk estimate we provide. The firm owns a Beta (Systematic Risk) of 0.34, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, B Communications' returns are expected to increase less than the market. However, during the bear market, the loss of holding B Communications is expected to be smaller as well. B Communications has an expected return of -0.0748%. Please make sure to confirm B Communications coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if B Communications performance from the past will be repeated sooner or later.
Auto-correlation | 0.38 |
Below average predictability
B Communications has below average predictability. Overlapping area represents the amount of predictability between B Communications time series from 30th of May 2022 to 10th of May 2023 and 10th of May 2023 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 B Communications price movement. The serial correlation of 0.38 indicates that just about 38.0% of current B Communications price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.38 | |
| Spearman Rank Test | -0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 15.3 K |
B Communications lagged returns against current returns
Autocorrelation, which is B Communications 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 B Communications' stock expected returns. We can calculate the autocorrelation of B Communications returns to help us make a trade decision. For example, suppose you find that B Communications 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 |
B Communications 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 B Communications stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if B Communications stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in B Communications stock over time.
Current vs Lagged Prices |
| Timeline |
B Communications Lagged Returns
When evaluating B Communications' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of B Communications stock have on its future price. B Communications 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, B Communications autocorrelation shows the relationship between B Communications stock current value and its past values and can show if there is a momentum factor associated with investing in B Communications.
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 B Communications 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, B Communications' short interest history, or implied volatility extrapolated from B Communications options trading.
Pair Trading with B Communications
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 B Communications 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 B Communications will appreciate offsetting losses from the drop in the long position's value.Moving against BCOM Stock
| 0.64 | HOD | Hod Assaf Industries | PairCorr |
| 0.46 | GPGB | GP Global Power | PairCorr |
| 0.43 | ALRPR | Alrov Properties Lodgings | PairCorr |
| 0.43 | JBNK | Jerusalem | PairCorr |
| 0.42 | DANH | Dan Hotels | PairCorr |
The ability to find closely correlated positions to B Communications could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace B Communications 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 B Communications - 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 B Communications to buy it.
The correlation of B Communications 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 B Communications moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if B Communications 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 B Communications 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 B Communications Correlation, B Communications Volatility and B Communications Alpha and Beta module to complement your research on B Communications. You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
Complementary Tools for BCOM Stock analysis
When running B Communications' price analysis, check to measure B Communications' 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 B Communications is operating at the current time. Most of B Communications' value examination focuses on studying past and present price action to predict the probability of B Communications' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move B Communications' price. Additionally, you may evaluate how the addition of B Communications to your portfolios can decrease your overall portfolio volatility.
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B Communications 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.