Bip Investment Corp Stock Market Value
| BIK-PA Stock | CAD 25.80 0.20 0.77% |
| Symbol | Bip |
Bip Investment '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 Bip Investment'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 Bip Investment.
| 08/11/2024 |
| 09/10/2024 |
If you would invest 0.00 in Bip Investment on August 11, 2024 and sell it all today you would earn a total of 0.00 from holding Bip Investment Corp or generate 0.0% return on investment in Bip Investment over 30 days. Bip Investment is related to or competes with Royal Bank, Royal Bank, Royal Bank, Toronto Dominion, Toronto Dominion, Bank of Nova Scotia, and Toronto Dominion. Bip Investment is entity of Canada. It is traded as Stock on TO exchange. More
Bip Investment 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 Bip Investment'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 Bip Investment Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.07 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 6.89 | |||
| Value At Risk | (1.25) | |||
| Potential Upside | 1.07 |
Bip Investment Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bip Investment's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bip Investment's standard deviation. In reality, there are many statistical measures that can use Bip Investment historical prices to predict the future Bip Investment's volatility.| Risk Adjusted Performance | 0.0373 | |||
| Jensen Alpha | 0.0414 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | (0.25) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Bip Investment'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.
Bip Investment Corp Backtested Returns
At this point, Bip Investment is very steady. Bip Investment Corp secures Sharpe Ratio (or Efficiency) of 0.0444, which signifies that the company had a 0.0444% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Bip Investment Corp, which you can use to evaluate the volatility of the firm. Please confirm Bip Investment's Downside Deviation of 1.07, risk adjusted performance of 0.0373, and Mean Deviation of 0.5434 to double-check if the risk estimate we provide is consistent with the expected return of 0.0432%. Bip Investment has a performance score of 3 on a scale of 0 to 100. 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, returns on owning Bip Investment are expected to decrease at a much lower rate. During the bear market, Bip Investment is likely to outperform the market. Bip Investment Corp right now shows a risk of 0.97%. Please confirm Bip Investment Corp total risk alpha, downside variance, daily balance of power, as well as the relationship between the maximum drawdown and skewness , to decide if Bip Investment Corp will be following its price patterns.
Auto-correlation | 0.56 |
Modest predictability
Bip Investment Corp has modest predictability. Overlapping area represents the amount of predictability between Bip Investment time series from 11th of August 2024 to 26th of August 2024 and 26th of August 2024 to 10th of September 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 Bip Investment Corp price movement. The serial correlation of 0.56 indicates that roughly 56.0% of current Bip Investment price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.56 | |
| Spearman Rank Test | 0.88 | |
| Residual Average | 0.0 | |
| Price Variance | 0.12 |
Bip Investment Corp lagged returns against current returns
Autocorrelation, which is Bip Investment 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 Bip Investment's stock expected returns. We can calculate the autocorrelation of Bip Investment returns to help us make a trade decision. For example, suppose you find that Bip Investment 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 |
Bip Investment 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 Bip Investment stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bip Investment stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bip Investment stock over time.
Current vs Lagged Prices |
| Timeline |
Bip Investment Lagged Returns
When evaluating Bip Investment's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bip Investment stock have on its future price. Bip Investment 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, Bip Investment autocorrelation shows the relationship between Bip Investment stock current value and its past values and can show if there is a momentum factor associated with investing in Bip Investment Corp.
Regressed Prices |
| Timeline |
Pair Trading with Bip Investment
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 Bip Investment 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 Bip Investment will appreciate offsetting losses from the drop in the long position's value.Moving against Bip Stock
The ability to find closely correlated positions to Bip Investment could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bip Investment 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 Bip Investment - 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 Bip Investment Corp to buy it.
The correlation of Bip Investment 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 Bip Investment moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bip Investment Corp 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 Bip Investment 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.Other Information on Investing in Bip Stock
Bip Investment financial ratios help investors to determine whether Bip Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Bip with respect to the benefits of owning Bip Investment security.