Bombardier Stock Market Value
| BBD-B Stock | CAD 101.41 3.09 2.96% |
| Symbol | Bombardier |
Bombardier Price To Book Ratio
Bombardier '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 Bombardier'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 Bombardier.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in Bombardier on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding Bombardier or generate 0.0% return on investment in Bombardier over 30 days. Bombardier is related to or competes with BlackBerry, Air Canada, Suncor Energy, and Manulife Financial. Bombardier Inc., together with its subsidiaries, manufactures and sells transportation equipment worldwide More
Bombardier 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 Bombardier'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 Bombardier upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.07 | |||
| Information Ratio | 0.0953 | |||
| Maximum Drawdown | 14.44 | |||
| Value At Risk | (3.86) | |||
| Potential Upside | 3.71 |
Bombardier Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bombardier's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bombardier's standard deviation. In reality, there are many statistical measures that can use Bombardier historical prices to predict the future Bombardier's volatility.| Risk Adjusted Performance | 0.1116 | |||
| Jensen Alpha | 0.4102 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | 0.0785 | |||
| Treynor Ratio | (0.74) |
Bombardier Backtested Returns
Bombardier appears to be very steady, given 3 months investment horizon. Bombardier secures Sharpe Ratio (or Efficiency) of 0.0934, which signifies that the company had a 0.0934% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Bombardier, which you can use to evaluate the volatility of the firm. Please makes use of Bombardier's Risk Adjusted Performance of 0.1116, downside deviation of 3.07, and Mean Deviation of 1.84 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Bombardier holds a performance score of 7. The firm shows a Beta (market volatility) of -0.48, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Bombardier are expected to decrease at a much lower rate. During the bear market, Bombardier is likely to outperform the market. Please check Bombardier's jensen alpha, sortino ratio, and the relationship between the standard deviation and total risk alpha , to make a quick decision on whether Bombardier's price patterns will revert.
Auto-correlation | 0.55 |
Modest predictability
Bombardier has modest predictability. Overlapping area represents the amount of predictability between Bombardier time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th 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 Bombardier price movement. The serial correlation of 0.55 indicates that about 55.0% of current Bombardier price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.55 | |
| Spearman Rank Test | 0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 18.63 |
Bombardier lagged returns against current returns
Autocorrelation, which is Bombardier 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 Bombardier's stock expected returns. We can calculate the autocorrelation of Bombardier returns to help us make a trade decision. For example, suppose you find that Bombardier 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 |
Bombardier 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 Bombardier stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bombardier stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bombardier stock over time.
Current vs Lagged Prices |
| Timeline |
Bombardier Lagged Returns
When evaluating Bombardier's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bombardier stock have on its future price. Bombardier 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, Bombardier autocorrelation shows the relationship between Bombardier stock current value and its past values and can show if there is a momentum factor associated with investing in Bombardier.
Regressed Prices |
| Timeline |
Pair Trading with Bombardier
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 Bombardier 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 Bombardier will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Bombardier could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bombardier 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 Bombardier - 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 Bombardier to buy it.
The correlation of Bombardier 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 Bombardier moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bombardier 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 Bombardier 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.Additional Tools for Bombardier Stock Analysis
When running Bombardier's price analysis, check to measure Bombardier'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 Bombardier is operating at the current time. Most of Bombardier's value examination focuses on studying past and present price action to predict the probability of Bombardier's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bombardier's price. Additionally, you may evaluate how the addition of Bombardier to your portfolios can decrease your overall portfolio volatility.