BHI (Korea) Market Value
| 083650 Stock | KRW 15,380 310.00 1.98% |
| Symbol | BHI |
BHI '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 BHI'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 BHI.
| 01/19/2023 |
| 01/08/2025 |
If you would invest 0.00 in BHI on January 19, 2023 and sell it all today you would earn a total of 0.00 from holding BHI Co or generate 0.0% return on investment in BHI over 720 days. BHI is related to or competes with Woori Financial, Jb Financial, Nh Investment, Hyundai Heavy, Kumho Petro, SK Chemicals, and DB Financial. BHI Co., Ltd. engages in the manufacturing and supplying of power plant equipment worldwide More
BHI 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 BHI'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 BHI Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.38 | |||
| Information Ratio | 0.2096 | |||
| Maximum Drawdown | 33.99 | |||
| Value At Risk | (6.44) | |||
| Potential Upside | 11.11 |
BHI Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BHI's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BHI's standard deviation. In reality, there are many statistical measures that can use BHI historical prices to predict the future BHI's volatility.| Risk Adjusted Performance | 0.1787 | |||
| Jensen Alpha | 1.27 | |||
| Total Risk Alpha | 1.27 | |||
| Sortino Ratio | 0.2359 | |||
| Treynor Ratio | (2.70) |
BHI Co Backtested Returns
BHI is very steady given 3 months investment horizon. BHI Co secures Sharpe Ratio (or Efficiency) of 0.21, which signifies that the company had a 0.21% return per unit of return volatility over the last 3 months. We were able to analyze twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.32% are justified by taking the suggested risk. Use BHI Semi Deviation of 4.67, risk adjusted performance of 0.1787, and Mean Deviation of 4.74 to evaluate company specific risk that cannot be diversified away. BHI holds a performance score of 16 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -0.47, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning BHI are expected to decrease at a much lower rate. During the bear market, BHI is likely to outperform the market. Use BHI semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to analyze future returns on BHI.
Auto-correlation | 0.03 |
Virtually no predictability
BHI Co has virtually no predictability. Overlapping area represents the amount of predictability between BHI time series from 19th of January 2023 to 14th of January 2024 and 14th of January 2024 to 8th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of BHI Co price movement. The serial correlation of 0.03 indicates that only 3.0% of current BHI price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.03 | |
| Spearman Rank Test | -0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 7.5 M |
BHI Co lagged returns against current returns
Autocorrelation, which is BHI 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 BHI's stock expected returns. We can calculate the autocorrelation of BHI returns to help us make a trade decision. For example, suppose you find that BHI 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 |
BHI 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 BHI stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BHI stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BHI stock over time.
Current vs Lagged Prices |
| Timeline |
BHI Lagged Returns
When evaluating BHI's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BHI stock have on its future price. BHI 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, BHI autocorrelation shows the relationship between BHI stock current value and its past values and can show if there is a momentum factor associated with investing in BHI Co.
Regressed Prices |
| Timeline |
Pair Trading with BHI
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 BHI 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 BHI will appreciate offsetting losses from the drop in the long position's value.Moving against BHI Stock
The ability to find closely correlated positions to BHI could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BHI 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 BHI - 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 BHI Co to buy it.
The correlation of BHI 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 BHI moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BHI Co 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 BHI 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 BHI Stock
BHI financial ratios help investors to determine whether BHI 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 BHI with respect to the benefits of owning BHI security.