Bombay Burmah (India) Market Value
| BBTC Stock | 2,487 11.95 0.48% |
| Symbol | Bombay |
Bombay Burmah '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 Bombay Burmah'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 Bombay Burmah.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Bombay Burmah on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Bombay Burmah Trading or generate 0.0% return on investment in Bombay Burmah over 30 days. Bombay Burmah is related to or competes with Vinati Organics, LT Foods, Usha Martin, Parag Milk, Pritish Nandy, Foods Inns, and Paramount Communications. Bombay Burmah is entity of India. It is traded as Stock on NSE exchange. More
Bombay Burmah 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 Bombay Burmah'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 Bombay Burmah Trading upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.11 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 18.85 | |||
| Value At Risk | (4.23) | |||
| Potential Upside | 4.35 |
Bombay Burmah Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bombay Burmah's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bombay Burmah's standard deviation. In reality, there are many statistical measures that can use Bombay Burmah historical prices to predict the future Bombay Burmah's volatility.| Risk Adjusted Performance | 0.0111 | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.43) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.0093 |
Bombay Burmah Trading Backtested Returns
Currently, Bombay Burmah Trading is very steady. Bombay Burmah Trading secures Sharpe Ratio (or Efficiency) of 0.021, which signifies that the company had a 0.021% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Bombay Burmah Trading, which you can use to evaluate the volatility of the firm. Please confirm Bombay Burmah's Downside Deviation of 3.11, mean deviation of 2.08, and Risk Adjusted Performance of 0.0111 to double-check if the risk estimate we provide is consistent with the expected return of 0.0625%. Bombay Burmah has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.46, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Bombay Burmah's returns are expected to increase less than the market. However, during the bear market, the loss of holding Bombay Burmah is expected to be smaller as well. Bombay Burmah Trading right now shows a risk of 2.97%. Please confirm Bombay Burmah Trading jensen alpha, sortino ratio, and the relationship between the standard deviation and total risk alpha , to decide if Bombay Burmah Trading will be following its price patterns.
Auto-correlation | -0.18 |
Insignificant reverse predictability
Bombay Burmah Trading has insignificant reverse predictability. Overlapping area represents the amount of predictability between Bombay Burmah time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th of November 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 Bombay Burmah Trading price movement. The serial correlation of -0.18 indicates that over 18.0% of current Bombay Burmah price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.18 | |
| Spearman Rank Test | 0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 1273.82 |
Bombay Burmah Trading lagged returns against current returns
Autocorrelation, which is Bombay Burmah 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 Bombay Burmah's stock expected returns. We can calculate the autocorrelation of Bombay Burmah returns to help us make a trade decision. For example, suppose you find that Bombay Burmah 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 |
Bombay Burmah 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 Bombay Burmah stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bombay Burmah stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bombay Burmah stock over time.
Current vs Lagged Prices |
| Timeline |
Bombay Burmah Lagged Returns
When evaluating Bombay Burmah's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bombay Burmah stock have on its future price. Bombay Burmah 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, Bombay Burmah autocorrelation shows the relationship between Bombay Burmah stock current value and its past values and can show if there is a momentum factor associated with investing in Bombay Burmah Trading.
Regressed Prices |
| Timeline |
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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 Bombay Stock Analysis
When running Bombay Burmah's price analysis, check to measure Bombay Burmah's 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 Bombay Burmah is operating at the current time. Most of Bombay Burmah's value examination focuses on studying past and present price action to predict the probability of Bombay Burmah's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bombay Burmah's price. Additionally, you may evaluate how the addition of Bombay Burmah to your portfolios can decrease your overall portfolio volatility.