BHCCN 11 30 SEP 28 Market Value
| 071734AQ0 | 75.00 23.80 24.09% |
| Symbol | BHCCN |
Please note, there is a significant difference between BHCCN's value and its price as these two are different measures arrived at by different means. Investors typically determine if BHCCN is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, BHCCN'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.
BHCCN '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 BHCCN's bond 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 BHCCN.
| 11/05/2024 |
| 12/05/2024 |
If you would invest 0.00 in BHCCN on November 5, 2024 and sell it all today you would earn a total of 0.00 from holding BHCCN 11 30 SEP 28 or generate 0.0% return on investment in BHCCN over 30 days. BHCCN is related to or competes with Uranium Energy, Aldel Financial, Evolution Mining, SFL, Western Acquisition, SL Green, and Douglas Emmett. More
BHCCN 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 BHCCN's bond 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 BHCCN 11 30 SEP 28 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 36.17 | |||
| Value At Risk | (1.39) | |||
| Potential Upside | 2.28 |
BHCCN Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BHCCN's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BHCCN's standard deviation. In reality, there are many statistical measures that can use BHCCN historical prices to predict the future BHCCN's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.31) | |||
| Total Risk Alpha | (0.97) | |||
| Treynor Ratio | (0.23) |
BHCCN 11 30 Backtested Returns
BHCCN 11 30 retains Efficiency (Sharpe Ratio) of -0.0861, which signifies that the bond had a -0.0861% return per unit of risk over the last 3 months. BHCCN exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm BHCCN's variance of 17.6, and Market Risk Adjusted Performance of (0.22) to double-check the risk estimate we provide. The bond owns a Beta (Systematic Risk) of 0.85, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, BHCCN's returns are expected to increase less than the market. However, during the bear market, the loss of holding BHCCN is expected to be smaller as well.
Auto-correlation | 0.02 |
Virtually no predictability
BHCCN 11 30 SEP 28 has virtually no predictability. Overlapping area represents the amount of predictability between BHCCN time series from 5th of November 2024 to 20th of November 2024 and 20th of November 2024 to 5th 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 BHCCN 11 30 price movement. The serial correlation of 0.02 indicates that only 2.0% of current BHCCN price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.02 | |
| Spearman Rank Test | -0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 117.22 |
BHCCN 11 30 lagged returns against current returns
Autocorrelation, which is BHCCN bond'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 BHCCN's bond expected returns. We can calculate the autocorrelation of BHCCN returns to help us make a trade decision. For example, suppose you find that BHCCN has exhibited high autocorrelation historically, and you observe that the bond 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 |
BHCCN 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 BHCCN bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BHCCN bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BHCCN bond over time.
Current vs Lagged Prices |
| Timeline |
BHCCN Lagged Returns
When evaluating BHCCN's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BHCCN bond have on its future price. BHCCN 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, BHCCN autocorrelation shows the relationship between BHCCN bond current value and its past values and can show if there is a momentum factor associated with investing in BHCCN 11 30 SEP 28.
Regressed Prices |
| Timeline |
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Other Information on Investing in BHCCN Bond
BHCCN financial ratios help investors to determine whether BHCCN Bond 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 BHCCN with respect to the benefits of owning BHCCN security.