Birchtech Corp Stock Market Value
| BCHT Stock | 0.69 0.01 1.47% |
| Symbol | Birchtech |
Please note, there is a significant difference between Birchtech Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Birchtech Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Birchtech Corp'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.
Birchtech Corp '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 Birchtech Corp'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 Birchtech Corp.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Birchtech Corp on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Birchtech Corp or generate 0.0% return on investment in Birchtech Corp over 90 days. Birchtech Corp is related to or competes with California Nanotechnologies, Canadian General, Highwood Asset, Orbit Garant, and AKITA Drilling. Birchtech Corp is entity of Canada. It is traded as Stock on TO exchange. More
Birchtech Corp 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 Birchtech Corp'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 Birchtech Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 22.54 | |||
| Value At Risk | (7.14) | |||
| Potential Upside | 7.89 |
Birchtech Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Birchtech Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Birchtech Corp's standard deviation. In reality, there are many statistical measures that can use Birchtech Corp historical prices to predict the future Birchtech Corp's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.47) | |||
| Total Risk Alpha | 0.2018 | |||
| Treynor Ratio | 0.5975 |
Birchtech Corp Backtested Returns
Birchtech Corp secures Sharpe Ratio (or Efficiency) of -0.0141, which signifies that the company had a -0.0141 % return per unit of risk over the last 3 months. Birchtech Corp exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Birchtech Corp's Mean Deviation of 3.41, risk adjusted performance of (0.06), and Standard Deviation of 4.81 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.67, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Birchtech Corp are expected to decrease at a much lower rate. During the bear market, Birchtech Corp is likely to outperform the market. At this point, Birchtech Corp has a negative expected return of -0.0673%. Please make sure to confirm Birchtech Corp's treynor ratio, skewness, and the relationship between the total risk alpha and potential upside , to decide if Birchtech Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.29 |
Weak reverse predictability
Birchtech Corp has weak reverse predictability. Overlapping area represents the amount of predictability between Birchtech Corp time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th 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 Birchtech Corp price movement. The serial correlation of -0.29 indicates that nearly 29.0% of current Birchtech Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.29 | |
| Spearman Rank Test | -0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Birchtech Corp lagged returns against current returns
Autocorrelation, which is Birchtech Corp 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 Birchtech Corp's stock expected returns. We can calculate the autocorrelation of Birchtech Corp returns to help us make a trade decision. For example, suppose you find that Birchtech Corp 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 |
Birchtech Corp 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 Birchtech Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Birchtech Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Birchtech Corp stock over time.
Current vs Lagged Prices |
| Timeline |
Birchtech Corp Lagged Returns
When evaluating Birchtech Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Birchtech Corp stock have on its future price. Birchtech Corp 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, Birchtech Corp autocorrelation shows the relationship between Birchtech Corp stock current value and its past values and can show if there is a momentum factor associated with investing in Birchtech Corp.
Regressed Prices |
| Timeline |
Pair Trading with Birchtech Corp
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 Birchtech Corp 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 Birchtech Corp will appreciate offsetting losses from the drop in the long position's value.Moving together with Birchtech Stock
Moving against Birchtech Stock
| 0.62 | TGO | TeraGo Inc | PairCorr |
| 0.55 | BRK | Berkshire Hathaway CDR | PairCorr |
| 0.46 | EXN | Excellon Resources | PairCorr |
| 0.37 | LLY | Eli Lilly | PairCorr |
The ability to find closely correlated positions to Birchtech Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Birchtech Corp 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 Birchtech Corp - 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 Birchtech Corp to buy it.
The correlation of Birchtech Corp 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 Birchtech Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Birchtech Corp 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 Birchtech Corp 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 Birchtech Stock
Birchtech Corp financial ratios help investors to determine whether Birchtech 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 Birchtech with respect to the benefits of owning Birchtech Corp security.