Basanite Stock Market Value
| BASA Stock | USD 0.05 0 2.00% |
| Symbol | Basanite |
Basanite '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 Basanite's otc 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 Basanite.
| 06/05/2024 |
| 12/02/2024 |
If you would invest 0.00 in Basanite on June 5, 2024 and sell it all today you would earn a total of 0.00 from holding Basanite or generate 0.0% return on investment in Basanite over 180 days. Basanite is related to or competes with Cementos Pacasmayo, Summit Materials, Eagle Materials, CRH PLC, and Martin Marietta. Basanite, Inc. engages in the basalt fiber reinforced polymer business worldwide More
Basanite 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 Basanite's otc 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 Basanite upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 14.65 | |||
| Information Ratio | 0.1996 | |||
| Maximum Drawdown | 140.86 | |||
| Value At Risk | (20.69) | |||
| Potential Upside | 50.0 |
Basanite Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Basanite's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Basanite's standard deviation. In reality, there are many statistical measures that can use Basanite historical prices to predict the future Basanite's volatility.| Risk Adjusted Performance | 0.1667 | |||
| Jensen Alpha | 5.11 | |||
| Total Risk Alpha | 0.9062 | |||
| Sortino Ratio | 0.3244 | |||
| Treynor Ratio | (2.65) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Basanite'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.
Basanite Backtested Returns
Basanite is out of control given 3 months investment horizon. Basanite secures Sharpe Ratio (or Efficiency) of 0.21, which signifies that the company had a 0.21% return per unit of risk over the last 3 months. We are able to interpolate and collect twenty-nine different technical indicators, which can help you to evaluate if expected returns of 4.97% are justified by taking the suggested risk. Use Basanite Downside Deviation of 14.65, mean deviation of 15.75, and Risk Adjusted Performance of 0.1667 to evaluate company specific risk that cannot be diversified away. Basanite holds a performance score of 16 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -1.84, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Basanite are expected to decrease by larger amounts. On the other hand, during market turmoil, Basanite is expected to outperform it. Use Basanite semi variance, rate of daily change, and the relationship between the value at risk and kurtosis , to analyze future returns on Basanite.
Auto-correlation | -0.44 |
Modest reverse predictability
Basanite has modest reverse predictability. Overlapping area represents the amount of predictability between Basanite time series from 5th of June 2024 to 3rd of September 2024 and 3rd of September 2024 to 2nd of December 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 Basanite price movement. The serial correlation of -0.44 indicates that just about 44.0% of current Basanite price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.44 | |
| Spearman Rank Test | -0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Basanite lagged returns against current returns
Autocorrelation, which is Basanite otc 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 Basanite's otc stock expected returns. We can calculate the autocorrelation of Basanite returns to help us make a trade decision. For example, suppose you find that Basanite has exhibited high autocorrelation historically, and you observe that the otc 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 |
Basanite 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 Basanite otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Basanite otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Basanite otc stock over time.
Current vs Lagged Prices |
| Timeline |
Basanite Lagged Returns
When evaluating Basanite's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Basanite otc stock have on its future price. Basanite 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, Basanite autocorrelation shows the relationship between Basanite otc stock current value and its past values and can show if there is a momentum factor associated with investing in Basanite.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Basanite OTC Stock
Basanite financial ratios help investors to determine whether Basanite OTC 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 Basanite with respect to the benefits of owning Basanite security.