BH Global (Taiwan) Market Value
| 911608 Stock | TWD 3.53 0.01 0.28% |
| Symbol | 911608 |
BH Global '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 BH Global'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 BH Global.
| 12/13/2024 |
| 03/13/2025 |
If you would invest 0.00 in BH Global on December 13, 2024 and sell it all today you would earn a total of 0.00 from holding BH Global or generate 0.0% return on investment in BH Global over 90 days. BH Global is related to or competes with Neo Neon, Vietnam Manufacturing, Medtecs International, Digital China, and Ju Teng. BH Global Corporation Limited, together with its subsidiaries, provides supply chain management, design, and manufacturi... More
BH Global 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 BH Global'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 BH Global upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.36 | |||
| Information Ratio | 0.1012 | |||
| Maximum Drawdown | 17.04 | |||
| Value At Risk | (3.66) | |||
| Potential Upside | 7.32 |
BH Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BH Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BH Global's standard deviation. In reality, there are many statistical measures that can use BH Global historical prices to predict the future BH Global's volatility.| Risk Adjusted Performance | 0.0605 | |||
| Jensen Alpha | 0.21 | |||
| Total Risk Alpha | 0.6673 | |||
| Sortino Ratio | 0.1341 | |||
| Treynor Ratio | 1.21 |
BH Global Backtested Returns
BH Global retains Efficiency (Sharpe Ratio) of -0.0428, which signifies that the company had a -0.0428 % return per unit of price deviation over the last 3 months. BH Global exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm BH Global's Standard Deviation of 3.13, coefficient of variation of 1565.02, and Market Risk Adjusted Performance of 1.22 to double-check the risk estimate we provide. The firm owns a Beta (Systematic Risk) of 0.16, which signifies not very significant fluctuations relative to the market. As returns on the market increase, BH Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding BH Global is expected to be smaller as well. At this point, BH Global has a negative expected return of -0.11%. Please make sure to confirm BH Global's mean deviation, downside deviation, information ratio, as well as the relationship between the semi deviation and coefficient of variation , to decide if BH Global performance from the past will be repeated sooner or later.
Auto-correlation | 0.13 |
Insignificant predictability
BH Global has insignificant predictability. Overlapping area represents the amount of predictability between BH Global time series from 13th of December 2024 to 27th of January 2025 and 27th of January 2025 to 13th of March 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 BH Global price movement. The serial correlation of 0.13 indicates that less than 13.0% of current BH Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.13 | |
| Spearman Rank Test | 0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
BH Global lagged returns against current returns
Autocorrelation, which is BH Global 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 BH Global's stock expected returns. We can calculate the autocorrelation of BH Global returns to help us make a trade decision. For example, suppose you find that BH Global 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 |
BH Global 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 BH Global stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BH Global stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BH Global stock over time.
Current vs Lagged Prices |
| Timeline |
BH Global Lagged Returns
When evaluating BH Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BH Global stock have on its future price. BH Global 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, BH Global autocorrelation shows the relationship between BH Global stock current value and its past values and can show if there is a momentum factor associated with investing in BH Global.
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.Other Information on Investing in 911608 Stock
BH Global financial ratios help investors to determine whether 911608 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 911608 with respect to the benefits of owning BH Global security.