Bisalloy Steel (Australia) Market Value
| BIS Stock | 4.54 0.11 2.48% |
| Symbol | Bisalloy |
Bisalloy Steel '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 Bisalloy Steel'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 Bisalloy Steel.
| 01/05/2024 |
| 12/30/2024 |
If you would invest 0.00 in Bisalloy Steel on January 5, 2024 and sell it all today you would earn a total of 0.00 from holding Bisalloy Steel Group or generate 0.0% return on investment in Bisalloy Steel over 360 days. Bisalloy Steel is related to or competes with Perseus Mining, Sports Entertainment, Regal Funds, and Collins Foods. Bisalloy Steel is entity of Australia. It is traded as Stock on AU exchange. More
Bisalloy Steel 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 Bisalloy Steel'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 Bisalloy Steel Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.74 | |||
| Information Ratio | 0.124 | |||
| Maximum Drawdown | 27.85 | |||
| Value At Risk | (4.08) | |||
| Potential Upside | 5.77 |
Bisalloy Steel Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bisalloy Steel's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bisalloy Steel's standard deviation. In reality, there are many statistical measures that can use Bisalloy Steel historical prices to predict the future Bisalloy Steel's volatility.| Risk Adjusted Performance | 0.1133 | |||
| Jensen Alpha | 0.5185 | |||
| Total Risk Alpha | 0.4007 | |||
| Sortino Ratio | 0.1781 | |||
| Treynor Ratio | (1.39) |
Bisalloy Steel Group Backtested Returns
Bisalloy Steel appears to be unstable, given 3 months investment horizon. Bisalloy Steel Group secures Sharpe Ratio (or Efficiency) of 0.15, which signifies that the company had a 0.15% return per unit of risk over the last 3 months. By analyzing Bisalloy Steel's technical indicators, you can evaluate if the expected return of 0.58% is justified by implied risk. Please makes use of Bisalloy Steel's Mean Deviation of 2.58, downside deviation of 2.74, and Risk Adjusted Performance of 0.1133 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Bisalloy Steel holds a performance score of 11. The firm shows a Beta (market volatility) of -0.37, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Bisalloy Steel are expected to decrease at a much lower rate. During the bear market, Bisalloy Steel is likely to outperform the market. Please check Bisalloy Steel's sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to make a quick decision on whether Bisalloy Steel's price patterns will revert.
Auto-correlation | -0.08 |
Very weak reverse predictability
Bisalloy Steel Group has very weak reverse predictability. Overlapping area represents the amount of predictability between Bisalloy Steel time series from 5th of January 2024 to 3rd of July 2024 and 3rd of July 2024 to 30th 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 Bisalloy Steel Group price movement. The serial correlation of -0.08 indicates that barely 8.0% of current Bisalloy Steel price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.08 | |
| Spearman Rank Test | -0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 0.36 |
Bisalloy Steel Group lagged returns against current returns
Autocorrelation, which is Bisalloy Steel 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 Bisalloy Steel's stock expected returns. We can calculate the autocorrelation of Bisalloy Steel returns to help us make a trade decision. For example, suppose you find that Bisalloy Steel 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 |
Bisalloy Steel 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 Bisalloy Steel stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bisalloy Steel stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bisalloy Steel stock over time.
Current vs Lagged Prices |
| Timeline |
Bisalloy Steel Lagged Returns
When evaluating Bisalloy Steel's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bisalloy Steel stock have on its future price. Bisalloy Steel 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, Bisalloy Steel autocorrelation shows the relationship between Bisalloy Steel stock current value and its past values and can show if there is a momentum factor associated with investing in Bisalloy Steel Group.
Regressed Prices |
| Timeline |
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Additional Tools for Bisalloy Stock Analysis
When running Bisalloy Steel's price analysis, check to measure Bisalloy Steel'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 Bisalloy Steel is operating at the current time. Most of Bisalloy Steel's value examination focuses on studying past and present price action to predict the probability of Bisalloy Steel's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bisalloy Steel's price. Additionally, you may evaluate how the addition of Bisalloy Steel to your portfolios can decrease your overall portfolio volatility.