Bich Chi (Vietnam) Market Value
| BCF Stock | 40,500 4,400 9.80% |
| Symbol | Bich |
Bich Chi '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 Bich Chi'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 Bich Chi.
| 12/24/2022 |
| 12/13/2024 |
If you would invest 0.00 in Bich Chi on December 24, 2022 and sell it all today you would earn a total of 0.00 from holding Bich Chi Food or generate 0.0% return on investment in Bich Chi over 720 days. Bich Chi is related to or competes with FIT INVEST, Damsan JSC, An Phat, Alphanam, APG Securities, Binhthuan Agriculture, and Mekong Fisheries. More
Bich Chi 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 Bich Chi'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 Bich Chi Food upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.15 | |||
| Information Ratio | 0.075 | |||
| Maximum Drawdown | 16.98 | |||
| Value At Risk | (6.67) | |||
| Potential Upside | 5.0 |
Bich Chi Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bich Chi's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bich Chi's standard deviation. In reality, there are many statistical measures that can use Bich Chi historical prices to predict the future Bich Chi's volatility.| Risk Adjusted Performance | 0.0876 | |||
| Jensen Alpha | 0.3091 | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | 0.0579 | |||
| Treynor Ratio | 1.07 |
Bich Chi Food Backtested Returns
As of now, Bich Stock is very steady. Bich Chi Food secures Sharpe Ratio (or Efficiency) of 0.0577, which signifies that the company had a 0.0577% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Bich Chi Food, which you can use to evaluate the volatility of the firm. Please confirm Bich Chi's mean deviation of 2.26, and Risk Adjusted Performance of 0.0876 to double-check if the risk estimate we provide is consistent with the expected return of 0.18%. Bich Chi has a performance score of 4 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.32, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Bich Chi's returns are expected to increase less than the market. However, during the bear market, the loss of holding Bich Chi is expected to be smaller as well. Bich Chi Food right now shows a risk of 3.17%. Please confirm Bich Chi Food sortino ratio, semi variance, and the relationship between the standard deviation and value at risk , to decide if Bich Chi Food will be following its price patterns.
Auto-correlation | -0.7 |
Very good reverse predictability
Bich Chi Food has very good reverse predictability. Overlapping area represents the amount of predictability between Bich Chi time series from 24th of December 2022 to 19th of December 2023 and 19th of December 2023 to 13th 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 Bich Chi Food price movement. The serial correlation of -0.7 indicates that around 70.0% of current Bich Chi price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.7 | |
| Spearman Rank Test | -0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 18.2 M |
Bich Chi Food lagged returns against current returns
Autocorrelation, which is Bich Chi 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 Bich Chi's stock expected returns. We can calculate the autocorrelation of Bich Chi returns to help us make a trade decision. For example, suppose you find that Bich Chi 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 |
Bich Chi 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 Bich Chi stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bich Chi stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bich Chi stock over time.
Current vs Lagged Prices |
| Timeline |
Bich Chi Lagged Returns
When evaluating Bich Chi's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bich Chi stock have on its future price. Bich Chi 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, Bich Chi autocorrelation shows the relationship between Bich Chi stock current value and its past values and can show if there is a momentum factor associated with investing in Bich Chi Food.
Regressed Prices |
| Timeline |
Pair Trading with Bich Chi
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 Bich Chi 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 Bich Chi will appreciate offsetting losses from the drop in the long position's value.Moving against Bich Stock
| 0.86 | AME | Alphanam ME | PairCorr |
| 0.82 | ABT | Bentre Aquaproduct Import | PairCorr |
| 0.7 | AAA | An Phat Plastic | PairCorr |
| 0.65 | ADS | Damsan JSC | PairCorr |
| 0.63 | AAM | Mekong Fisheries JSC | PairCorr |
The ability to find closely correlated positions to Bich Chi could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bich Chi 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 Bich Chi - 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 Bich Chi Food to buy it.
The correlation of Bich Chi 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 Bich Chi moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bich Chi Food 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 Bich Chi 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 Bich Stock
Bich Chi financial ratios help investors to determine whether Bich 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 Bich with respect to the benefits of owning Bich Chi security.