Bkm Industries (India) Market Value
BKMINDST | 45.00 0.00 0.00% |
Symbol | Bkm |
Bkm Industries '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 Bkm Industries' 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 Bkm Industries.
11/22/2024 |
| 12/22/2024 |
If you would invest 0.00 in Bkm Industries on November 22, 2024 and sell it all today you would earn a total of 0.00 from holding Bkm Industries Limited or generate 0.0% return on investment in Bkm Industries over 30 days. Bkm Industries is related to or competes with NMDC, Steel Authority, Embassy Office, Gujarat Narmada, Gujarat Alkalies, Indian Metals, and JTL Industries. More
Bkm Industries 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 Bkm Industries' 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 Bkm Industries Limited upside and downside potential and time the market with a certain degree of confidence.
Information Ratio | 0.1237 | |||
Maximum Drawdown | 2400.0 | |||
Potential Upside | 4.76 |
Bkm Industries Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bkm Industries' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bkm Industries' standard deviation. In reality, there are many statistical measures that can use Bkm Industries historical prices to predict the future Bkm Industries' volatility.Risk Adjusted Performance | 0.1081 | |||
Jensen Alpha | 35.35 | |||
Total Risk Alpha | 28.3 | |||
Treynor Ratio | 0.6628 |
Bkm Industries Backtested Returns
Bkm Industries is out of control given 3 months investment horizon. Bkm Industries secures Sharpe Ratio (or Efficiency) of 0.13, which signifies that the company had a 0.13% return per unit of risk over the last 3 months. We were able to break down seventeen different technical indicators, which can help you to evaluate if expected returns of 16.03% are justified by taking the suggested risk. Use Bkm Industries Standard Deviation of 295.4, risk adjusted performance of 0.1081, and Mean Deviation of 71.62 to evaluate company specific risk that cannot be diversified away. Bkm Industries holds a performance score of 10 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 55.19, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Bkm Industries will likely underperform. Use Bkm Industries standard deviation, potential upside, as well as the relationship between the Potential Upside and day typical price , to analyze future returns on Bkm Industries.
Auto-correlation | 0.00 |
No correlation between past and present
Bkm Industries Limited has no correlation between past and present. Overlapping area represents the amount of predictability between Bkm Industries time series from 22nd of November 2024 to 7th of December 2024 and 7th of December 2024 to 22nd 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 Bkm Industries price movement. The serial correlation of 0.0 indicates that just 0.0% of current Bkm Industries price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.0 | |
Spearman Rank Test | 1.0 | |
Residual Average | 0.0 | |
Price Variance | 0.0 |
Bkm Industries lagged returns against current returns
Autocorrelation, which is Bkm Industries 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 Bkm Industries' stock expected returns. We can calculate the autocorrelation of Bkm Industries returns to help us make a trade decision. For example, suppose you find that Bkm Industries 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 |
Bkm Industries 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 Bkm Industries stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bkm Industries stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bkm Industries stock over time.
Current vs Lagged Prices |
Timeline |
Bkm Industries Lagged Returns
When evaluating Bkm Industries' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bkm Industries stock have on its future price. Bkm Industries 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, Bkm Industries autocorrelation shows the relationship between Bkm Industries stock current value and its past values and can show if there is a momentum factor associated with investing in Bkm Industries Limited.
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.Additional Tools for Bkm Stock Analysis
When running Bkm Industries' price analysis, check to measure Bkm Industries' 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 Bkm Industries is operating at the current time. Most of Bkm Industries' value examination focuses on studying past and present price action to predict the probability of Bkm Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bkm Industries' price. Additionally, you may evaluate how the addition of Bkm Industries to your portfolios can decrease your overall portfolio volatility.