Blumetric Environmental Stock Market Value
| BLM Stock | CAD 0.88 0.02 2.33% |
| Symbol | BluMetric |
BluMetric Environmental '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 BluMetric Environmental'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 BluMetric Environmental.
| 12/09/2023 |
| 12/03/2024 |
If you would invest 0.00 in BluMetric Environmental on December 9, 2023 and sell it all today you would earn a total of 0.00 from holding BluMetric Environmental or generate 0.0% return on investment in BluMetric Environmental over 360 days. BluMetric Environmental is related to or competes with BioRem, CHAR Technologies, and Imaflex. BluMetric Environmental Inc. provides solution-oriented consultation, design, products, and construction services to cli... More
BluMetric Environmental 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 BluMetric Environmental'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 BluMetric Environmental upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.17 | |||
| Information Ratio | 0.1116 | |||
| Maximum Drawdown | 28.06 | |||
| Value At Risk | (6.52) | |||
| Potential Upside | 10.17 |
BluMetric Environmental Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BluMetric Environmental's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BluMetric Environmental's standard deviation. In reality, there are many statistical measures that can use BluMetric Environmental historical prices to predict the future BluMetric Environmental's volatility.| Risk Adjusted Performance | 0.111 | |||
| Jensen Alpha | 0.8551 | |||
| Total Risk Alpha | (0.1) | |||
| Sortino Ratio | 0.1485 | |||
| Treynor Ratio | (0.69) |
BluMetric Environmental Backtested Returns
BluMetric Environmental appears to be abnormally volatile, given 3 months investment horizon. BluMetric Environmental secures Sharpe Ratio (or Efficiency) of 0.13, which signifies that the company had a 0.13% return per unit of risk over the last 3 months. By analyzing BluMetric Environmental's technical indicators, you can evaluate if the expected return of 0.74% is justified by implied risk. Please makes use of BluMetric Environmental's Mean Deviation of 3.83, risk adjusted performance of 0.111, and Downside Deviation of 4.17 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, BluMetric Environmental holds a performance score of 10. The firm shows a Beta (market volatility) of -1.07, which signifies a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning BluMetric Environmental are expected to decrease slowly. On the other hand, during market turmoil, BluMetric Environmental is expected to outperform it slightly. Please check BluMetric Environmental's maximum drawdown and the relationship between the semi variance and day typical price , to make a quick decision on whether BluMetric Environmental's price patterns will revert.
Auto-correlation | 0.56 |
Modest predictability
BluMetric Environmental has modest predictability. Overlapping area represents the amount of predictability between BluMetric Environmental time series from 9th of December 2023 to 6th of June 2024 and 6th of June 2024 to 3rd 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 BluMetric Environmental price movement. The serial correlation of 0.56 indicates that roughly 56.0% of current BluMetric Environmental price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.56 | |
| Spearman Rank Test | 0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
BluMetric Environmental lagged returns against current returns
Autocorrelation, which is BluMetric Environmental 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 BluMetric Environmental's stock expected returns. We can calculate the autocorrelation of BluMetric Environmental returns to help us make a trade decision. For example, suppose you find that BluMetric Environmental 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 |
BluMetric Environmental 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 BluMetric Environmental stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BluMetric Environmental stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BluMetric Environmental stock over time.
Current vs Lagged Prices |
| Timeline |
BluMetric Environmental Lagged Returns
When evaluating BluMetric Environmental's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BluMetric Environmental stock have on its future price. BluMetric Environmental 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, BluMetric Environmental autocorrelation shows the relationship between BluMetric Environmental stock current value and its past values and can show if there is a momentum factor associated with investing in BluMetric Environmental.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for BluMetric Stock Analysis
When running BluMetric Environmental's price analysis, check to measure BluMetric Environmental'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 BluMetric Environmental is operating at the current time. Most of BluMetric Environmental's value examination focuses on studying past and present price action to predict the probability of BluMetric Environmental's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move BluMetric Environmental's price. Additionally, you may evaluate how the addition of BluMetric Environmental to your portfolios can decrease your overall portfolio volatility.