Bim Son (Vietnam) Market Value
| BCC Stock | 7,500 200.00 2.74% |
| Symbol | Bim |
Bim Son '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 Bim Son'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 Bim Son.
| 02/07/2023 |
| 12/28/2024 |
If you would invest 0.00 in Bim Son on February 7, 2023 and sell it all today you would earn a total of 0.00 from holding Bim Son Cement or generate 0.0% return on investment in Bim Son over 690 days.
Bim Son 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 Bim Son'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 Bim Son Cement upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 3.96 | |||
| Value At Risk | (1.35) | |||
| Potential Upside | 1.35 |
Bim Son Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bim Son's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bim Son's standard deviation. In reality, there are many statistical measures that can use Bim Son historical prices to predict the future Bim Son's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.15) | |||
| Treynor Ratio | (1.03) |
Bim Son Cement Backtested Returns
Bim Son Cement secures Sharpe Ratio (or Efficiency) of -0.1, which signifies that the company had a -0.1% return per unit of risk over the last 3 months. Bim Son Cement exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Bim Son's Risk Adjusted Performance of (0.08), standard deviation of 1.11, and Mean Deviation of 0.8313 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.12, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Bim Son's returns are expected to increase less than the market. However, during the bear market, the loss of holding Bim Son is expected to be smaller as well. At this point, Bim Son Cement has a negative expected return of -0.11%. Please make sure to confirm Bim Son's treynor ratio, accumulation distribution, price action indicator, as well as the relationship between the potential upside and day median price , to decide if Bim Son Cement performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.32 |
Below average predictability
Bim Son Cement has below average predictability. Overlapping area represents the amount of predictability between Bim Son time series from 7th of February 2023 to 18th of January 2024 and 18th of January 2024 to 28th 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 Bim Son Cement price movement. The serial correlation of 0.32 indicates that nearly 32.0% of current Bim Son price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.32 | |
| Spearman Rank Test | 0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 592.8 K |
Bim Son Cement lagged returns against current returns
Autocorrelation, which is Bim Son 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 Bim Son's stock expected returns. We can calculate the autocorrelation of Bim Son returns to help us make a trade decision. For example, suppose you find that Bim Son 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 |
Bim Son 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 Bim Son stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bim Son stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bim Son stock over time.
Current vs Lagged Prices |
| Timeline |
Bim Son Lagged Returns
When evaluating Bim Son's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bim Son stock have on its future price. Bim Son 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, Bim Son autocorrelation shows the relationship between Bim Son stock current value and its past values and can show if there is a momentum factor associated with investing in Bim Son Cement.
Regressed Prices |
| Timeline |
Pair Trading with Bim Son
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 Bim Son 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 Bim Son will appreciate offsetting losses from the drop in the long position's value.Moving against Bim Stock
| 0.8 | BCF | Bich Chi Food | PairCorr |
| 0.75 | ICT | Telecoms Informatics JSC | PairCorr |
| 0.75 | ELC | Elcom Technology Com | PairCorr |
| 0.7 | FPT | FPT Corp | PairCorr |
| 0.64 | SMA | Saigon Machinery Spare | PairCorr |
The ability to find closely correlated positions to Bim Son could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bim Son 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 Bim Son - 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 Bim Son Cement to buy it.
The correlation of Bim Son 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 Bim Son moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bim Son Cement 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 Bim Son 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.