Bucharest BET-NG (Romania) Market Value
| BETNG Index | 1,317 18.02 1.35% |
| Symbol | Bucharest |
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.
| 04/28/2024 |
| 07/27/2024 |
If you would invest 0.00 in Bucharest BET-NG on April 28, 2024 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 90 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 Deviation | 0.7573 | |||
| Information Ratio | 0.0726 | |||
| Maximum Drawdown | 3.67 | |||
| Value At Risk | (1.35) | |||
| Potential Upside | 1.24 |
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 Performance | 0.1283 | |||
| Total Risk Alpha | 0.0483 | |||
| Sortino Ratio | 0.0684 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that 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 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 0.17, which signifies that the index had a 0.17% return per unit of standard deviation over the last 3 months. We have found twenty-six technical indicators for Bucharest BET-NG, which you can use to evaluate the volatility of the entity. The index shows a Beta (market volatility) of 0.0, which signifies not very significant fluctuations relative to the market. the returns on MARKET and Bucharest BET-NG are completely uncorrelated.
Auto-correlation | 0.74 |
Good predictability
Bucharest BET-NG has good predictability. Overlapping area represents the amount of predictability between Bucharest BET-NG time series from 28th of April 2024 to 12th of June 2024 and 12th of June 2024 to 27th of July 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 Bucharest BET-NG price movement. The serial correlation of 0.74 indicates that around 74.0% of current Bucharest BET-NG price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.74 | |
| Spearman Rank Test | 0.77 | |
| Residual Average | 0.0 | |
| Price Variance | 585.7 |
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 has exhibited high autocorrelation historically, and you observe that the index 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 |
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 |