Bucharest BET-NG (Romania) Market Value

Indexes . Romania . 
Index . Bucharest BET-NG
BETNG Index   949.17  0.51  0.05%   
Bucharest BET-NG's market value is the price at which a share of Bucharest BET-NG stock trades on a public exchange. It measures the collective expectations of Bucharest BET-NG investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Bucharest BET-NG and determine expected loss or profit from investing in Bucharest BET-NG over a given investment horizon. Check out Trending Equities to better understand how to build diversified portfolios.
Symbol

Bucharest BET-NG '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 Bucharest BET-NG's index 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 Bucharest BET-NG.
0.00
12/01/2022
No Change 0.00  0.0 
In 5 months and 29 days
05/30/2023
0.00
If you would invest  0.00  in Bucharest BET-NG on December 1, 2022 and sell it all today you would earn a total of 0.00 from holding Bucharest BET-NG or generate 0.0% return on investment in Bucharest BET-NG over 180 days.

Bucharest BET-NG 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 Bucharest BET-NG's index 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 Bucharest BET-NG upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation0.9301
Information Ratio0.1184
Maximum Drawdown3.76
Value At Risk(1.34)
Potential Upside1.64

Bucharest BET-NG Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Bucharest BET-NG's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bucharest BET-NG's standard deviation. In reality, there are many statistical measures that can use Bucharest BET-NG historical prices to predict the future Bucharest BET-NG's volatility.
Risk Adjusted Performance0.0562
Total Risk Alpha0.0959
Sortino Ratio0.1069
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Bucharest BET-NG'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. Please use the tools below to analyze the current value of Bucharest BET-NG in the context of predictive analytics.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Bucharest BET-NG. Your research has to be compared to or analyzed against Bucharest BET-NG's peers to derive any actionable benefits. When done correctly, Bucharest BET-NG's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Bucharest BET-NG.

Bucharest BET-NG Backtested Returns

Bucharest BET-NG secures Sharpe Ratio (or Efficiency) of 0.0256, which signifies that the index had 0.0256% of return per unit of standard deviation over the last 3 months. Our philosophy in foreseeing the volatility of an index is to use all available market data together with index-specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for Bucharest BET-NG, which you can use to evaluate the future volatility of the entity.
The index shows a Beta (market volatility) of 0.0, which signifies not very significant fluctuations relative to the market. Let's try to break down what Bucharest's beta means in this case. the returns on MARKET and Bucharest BET-NG are completely uncorrelated. Although it is important to respect Bucharest BET-NG historical returns, it is better to be realistic regarding the information on the equity's current trending patterns. The philosophy in foreseeing future performance of any index is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By analyzing Bucharest BET-NG technical indicators, you can presently evaluate if the expected return of 0.022% will be sustainable into the future.

Auto-correlation

    
  0.32  

Below average predictability

Bucharest BET-NG has below average predictability. Overlapping area represents the amount of predictability between Bucharest BET-NG time series from 1st of December 2022 to 1st of March 2023 and 1st of March 2023 to 30th of May 2023. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Bucharest BET-NG price movement. The serial correlation of 0.32 indicates that nearly 32.0% of current Bucharest BET-NG price fluctuation can be explain by its past prices.
Correlation Coefficient0.32
Spearman Rank Test-0.24
Residual Average0.0
Price Variance274.02

Bucharest BET-NG lagged returns against current returns

Autocorrelation, which is Bucharest BET-NG index'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 Bucharest BET-NG's index expected returns. We can calculate the autocorrelation of Bucharest BET-NG returns to help us make a trade decision. For example, suppose you find that Bucharest BET-NG index 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 stock movement to match the lagging time series.
   Current and Lagged Values   
       Timeline  

Bucharest BET-NG 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 Bucharest BET-NG index is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bucharest BET-NG index is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bucharest BET-NG index over time.
   Current vs Lagged Prices   
       Timeline  

Bucharest BET-NG Lagged Returns

When evaluating Bucharest BET-NG's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bucharest BET-NG index have on its future price. Bucharest BET-NG 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, Bucharest BET-NG autocorrelation shows the relationship between Bucharest BET-NG index current value and its past values and can show if there is a momentum factor associated with investing in Bucharest BET-NG.
   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 Bucharest BET-NG 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, Bucharest BET-NG's short interest history, or implied volatility extrapolated from Bucharest BET-NG options trading.

Pair Trading with Bucharest BET-NG

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 Bucharest BET-NG 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 Bucharest BET-NG will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Bucharest BET-NG could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bucharest BET-NG 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 Bucharest BET-NG - 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 Bucharest BET-NG to buy it.
The correlation of Bucharest BET-NG is a statistical measure of how it moves in relation to other equities. 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 Bucharest BET-NG moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bucharest BET-NG 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 Bucharest BET-NG 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.
Pair CorrelationCorrelation Matching
Check out Trending Equities to better understand how to build diversified portfolios. Note that the Bucharest BET-NG information on this page should be used as a complementary analysis to other Bucharest BET-NG's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.

Complementary Tools for Bucharest Index analysis

When running Bucharest BET-NG's price analysis, check to measure Bucharest BET-NG'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 Bucharest BET-NG is operating at the current time. Most of Bucharest BET-NG's value examination focuses on studying past and present price action to predict the probability of Bucharest BET-NG's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bucharest BET-NG's price. Additionally, you may evaluate how the addition of Bucharest BET-NG to your portfolios can decrease your overall portfolio volatility.
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Bucharest BET-NG technical index 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, index market cycles, or different charting patterns.
Overlap Analysis
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Forecast Models
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Price Shifting
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Volatility Indicators
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Value Movement
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A focus of Bucharest BET-NG technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Bucharest BET-NG trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...
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