Bce Inc Pref Preferred Stock Market Value

BCE-PE Preferred Stock  CAD 16.04  0.11  0.69%   
Bce's market value is the price at which a share of Bce trades on a public exchange. It measures the collective expectations of Bce Inc Pref investors about its performance. Bce is trading at 16.04 as of the 23rd of December 2024, a 0.69 percent increase since the beginning of the trading day. The preferred stock's open price was 15.93.
With this module, you can estimate the performance of a buy and hold strategy of Bce Inc Pref and determine expected loss or profit from investing in Bce over a given investment horizon. Check out Bce Correlation, Bce Volatility and Bce Alpha and Beta module to complement your research on Bce.
Symbol

Please note, there is a significant difference between Bce's value and its price as these two are different measures arrived at by different means. Investors typically determine if Bce is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bce's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Bce '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 Bce's preferred 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 Bce.
0.00
04/27/2024
No Change 0.00  0.0 
In 7 months and 28 days
12/23/2024
0.00
If you would invest  0.00  in Bce on April 27, 2024 and sell it all today you would earn a total of 0.00 from holding Bce Inc Pref or generate 0.0% return on investment in Bce over 240 days. Bce is related to or competes with Verizon Communications, Bce, Bce, Bce, Bce, BCE, and Bce. BCE Inc., a telecommunications and media company, provides wireless, wireline, Internet, and television services to resi... More

Bce 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 Bce's preferred 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 Bce Inc Pref upside and downside potential and time the market with a certain degree of confidence.

Bce Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Bce's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bce's standard deviation. In reality, there are many statistical measures that can use Bce historical prices to predict the future Bce's volatility.
Hype
Prediction
LowEstimatedHigh
15.5916.0416.49
Details
Intrinsic
Valuation
LowRealHigh
14.1314.5817.64
Details

Bce Inc Pref Backtested Returns

Bce Inc Pref secures Sharpe Ratio (or Efficiency) of -0.14, which signifies that the company had a -0.14% return per unit of standard deviation over the last 3 months. Bce Inc Pref exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Bce's mean deviation of 0.3243, and Risk Adjusted Performance of (0.15) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.11, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Bce are expected to decrease at a much lower rate. During the bear market, Bce is likely to outperform the market. At this point, Bce Inc Pref has a negative expected return of -0.0629%. Please make sure to confirm Bce's coefficient of variation, treynor ratio, skewness, as well as the relationship between the jensen alpha and value at risk , to decide if Bce Inc Pref performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  0.24  

Weak predictability

Bce Inc Pref has weak predictability. Overlapping area represents the amount of predictability between Bce time series from 27th of April 2024 to 25th of August 2024 and 25th of August 2024 to 23rd 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 Bce Inc Pref price movement. The serial correlation of 0.24 indicates that over 24.0% of current Bce price fluctuation can be explain by its past prices.
Correlation Coefficient0.24
Spearman Rank Test0.6
Residual Average0.0
Price Variance0.2

Bce Inc Pref lagged returns against current returns

Autocorrelation, which is Bce preferred 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 Bce's preferred stock expected returns. We can calculate the autocorrelation of Bce returns to help us make a trade decision. For example, suppose you find that Bce has exhibited high autocorrelation historically, and you observe that the preferred 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  

Bce 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 Bce preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bce preferred stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bce preferred stock over time.
   Current vs Lagged Prices   
       Timeline  

Bce Lagged Returns

When evaluating Bce's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bce preferred stock have on its future price. Bce 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, Bce autocorrelation shows the relationship between Bce preferred stock current value and its past values and can show if there is a momentum factor associated with investing in Bce Inc Pref.
   Regressed Prices   
       Timeline  

Pair Trading with Bce

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 Bce 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 Bce will appreciate offsetting losses from the drop in the long position's value.

Moving together with Bce Preferred Stock

  0.94BCE-PT Bce Inc PrefPairCorr
  0.8BCE-PZ Bce Inc PrefPairCorr
  0.97BCE-PH Bce Inc PrefPairCorr
  0.96BCE-PD Bce Inc PrefPairCorr

Moving against Bce Preferred Stock

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  0.8ENS-PA E Split CorpPairCorr
  0.74TCS TECSYS IncPairCorr
The ability to find closely correlated positions to Bce could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bce 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 Bce - 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 Bce Inc Pref to buy it.
The correlation of Bce 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 Bce moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bce Inc Pref 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 Bce 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.
Pair CorrelationCorrelation Matching

Other Information on Investing in Bce Preferred Stock

Bce financial ratios help investors to determine whether Bce Preferred 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 Bce with respect to the benefits of owning Bce security.