BINHO's market value is the price at which a share of BINHO trades on a public exchange. It measures the collective expectations of BINHO investors about its performance. BINHO is trading at 317.00 as of the 5th of January 2025. This is a 2.01% down since the beginning of the trading day. The stock's open price was 323.5. With this module, you can estimate the performance of a buy and hold strategy of BINHO and determine expected loss or profit from investing in BINHO over a given investment horizon. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.
Symbol
BINHO
BINHO '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 BINHO'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 BINHO.
0.00
11/06/2024
No Change 0.00
0.0
In 2 months and 1 day
01/05/2025
0.00
If you would invest 0.00 in BINHO on November 6, 2024 and sell it all today you would earn a total of 0.00 from holding BINHO or generate 0.0% return on investment in BINHO over 60 days.
BINHO 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 BINHO'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 BINHO upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for BINHO's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BINHO's standard deviation. In reality, there are many statistical measures that can use BINHO historical prices to predict the future BINHO's volatility.
BINHO is out of control at the moment. BINHO secures Sharpe Ratio (or Efficiency) of 0.0081, which signifies that the company had a 0.0081% return per unit of risk over the last 3 months. We have found twenty-three technical indicators for BINHO, which you can use to evaluate the volatility of the firm. Please confirm BINHO's risk adjusted performance of (0), and Mean Deviation of 2.36 to double-check if the risk estimate we provide is consistent with the expected return of 0.0253%. The firm shows a Beta (market volatility) of 0.0306, which signifies not very significant fluctuations relative to the market. As returns on the market increase, BINHO's returns are expected to increase less than the market. However, during the bear market, the loss of holding BINHO is expected to be smaller as well. BINHO now shows a risk of 3.1%. Please confirm BINHO potential upside, as well as the relationship between the rate of daily change and period momentum indicator , to decide if BINHO will be following its price patterns.
Auto-correlation
0.04
Virtually no predictability
BINHO has virtually no predictability. Overlapping area represents the amount of predictability between BINHO time series from 6th of November 2024 to 6th of December 2024 and 6th of December 2024 to 5th 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 BINHO price movement. The serial correlation of 0.04 indicates that only as little as 4.0% of current BINHO price fluctuation can be explain by its past prices.
Correlation Coefficient
0.04
Spearman Rank Test
-0.12
Residual Average
0.0
Price Variance
236.88
BINHO lagged returns against current returns
Autocorrelation, which is BINHO 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 BINHO's stock expected returns. We can calculate the autocorrelation of BINHO returns to help us make a trade decision. For example, suppose you find that BINHO 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
BINHO 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 BINHO stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BINHO stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BINHO stock over time.
Current vs Lagged Prices
Timeline
BINHO Lagged Returns
When evaluating BINHO's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BINHO stock have on its future price. BINHO 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, BINHO autocorrelation shows the relationship between BINHO stock current value and its past values and can show if there is a momentum factor associated with investing in BINHO.
Regressed Prices
Timeline
Thematic Opportunities
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