Bce Inc Pref Preferred Stock Market Value
| BCE-PT Preferred Stock | CAD 16.47 0.35 2.17% |
| Symbol | Bce |
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.
| 12/24/2023 |
| 12/18/2024 |
If you would invest 0.00 in Bce on December 24, 2023 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 360 days. Bce is related to or competes with Tree Island, Bausch Health, Diamond Estates, Andlauer Healthcare, Verizon Communications, Costco Wholesale, and Plaza Retail. 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.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 3.54 | |||
| Value At Risk | (1.40) | |||
| Potential Upside | 1.27 |
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.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.12) | |||
| Treynor Ratio | 0.5141 |
Bce Inc Pref Backtested Returns
Bce Inc Pref secures Sharpe Ratio (or Efficiency) of -0.0573, which signifies that the company had a -0.0573% 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 0.5879, and Risk Adjusted Performance of (0.04) 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, 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 -0.0461%. 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 | -0.17 |
Insignificant reverse predictability
Bce Inc Pref has insignificant reverse predictability. Overlapping area represents the amount of predictability between Bce time series from 24th of December 2023 to 21st of June 2024 and 21st of June 2024 to 18th 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 -0.17 indicates that over 17.0% of current Bce price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.17 | |
| Spearman Rank Test | -0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 0.21 |
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
Moving against Bce Preferred Stock
| 0.86 | RY-PS | Royal Bank | PairCorr |
| 0.84 | FFH-PC | Fairfax Fin Hld | PairCorr |
| 0.84 | NA | National Bank | PairCorr |
| 0.81 | BMO-PE | Bank of Montreal | PairCorr |
| 0.75 | BMO | Bank of Montreal | PairCorr |
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.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.