Benchmark Electronics (Germany) Market Value
| BMU Stock | EUR 45.40 0.20 0.44% |
| Symbol | Benchmark |
Benchmark Electronics '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 Benchmark Electronics' 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 Benchmark Electronics.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Benchmark Electronics on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Benchmark Electronics or generate 0.0% return on investment in Benchmark Electronics over 30 days. Benchmark Electronics is related to or competes with Plexus Corp, Superior Plus, NMI Holdings, Origin Agritech, SIVERS SEMICONDUCTORS, and NorAm Drilling. Benchmark Electronics, Inc., together with its subsidiaries, provides product design, engineering services, technology s... More
Benchmark Electronics 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 Benchmark Electronics' 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 Benchmark Electronics upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.78 | |||
| Information Ratio | 0.0781 | |||
| Maximum Drawdown | 13.06 | |||
| Value At Risk | (3.31) | |||
| Potential Upside | 3.57 |
Benchmark Electronics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Benchmark Electronics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Benchmark Electronics' standard deviation. In reality, there are many statistical measures that can use Benchmark Electronics historical prices to predict the future Benchmark Electronics' volatility.| Risk Adjusted Performance | 0.1068 | |||
| Jensen Alpha | 0.2459 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | 0.1046 | |||
| Treynor Ratio | 0.6225 |
Benchmark Electronics Backtested Returns
Benchmark Electronics appears to be very steady, given 3 months investment horizon. Benchmark Electronics 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. We have found twenty-eight technical indicators for Benchmark Electronics, which you can use to evaluate the volatility of the firm. Please makes use of Benchmark Electronics' Risk Adjusted Performance of 0.1068, mean deviation of 1.75, and Downside Deviation of 1.78 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Benchmark Electronics holds a performance score of 10. The firm shows a Beta (market volatility) of 0.48, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Benchmark Electronics' returns are expected to increase less than the market. However, during the bear market, the loss of holding Benchmark Electronics is expected to be smaller as well. Please check Benchmark Electronics' maximum drawdown, semi variance, and the relationship between the sortino ratio and potential upside , to make a quick decision on whether Benchmark Electronics' price patterns will revert.
Auto-correlation | 0.65 |
Good predictability
Benchmark Electronics has good predictability. Overlapping area represents the amount of predictability between Benchmark Electronics time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th of November 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 Benchmark Electronics price movement. The serial correlation of 0.65 indicates that roughly 65.0% of current Benchmark Electronics price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.65 | |
| Spearman Rank Test | 0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 0.58 |
Benchmark Electronics lagged returns against current returns
Autocorrelation, which is Benchmark Electronics 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 Benchmark Electronics' stock expected returns. We can calculate the autocorrelation of Benchmark Electronics returns to help us make a trade decision. For example, suppose you find that Benchmark Electronics 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 |
Benchmark Electronics 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 Benchmark Electronics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Benchmark Electronics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Benchmark Electronics stock over time.
Current vs Lagged Prices |
| Timeline |
Benchmark Electronics Lagged Returns
When evaluating Benchmark Electronics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Benchmark Electronics stock have on its future price. Benchmark Electronics 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, Benchmark Electronics autocorrelation shows the relationship between Benchmark Electronics stock current value and its past values and can show if there is a momentum factor associated with investing in Benchmark Electronics.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Benchmark Stock
When determining whether Benchmark Electronics is a strong investment it is important to analyze Benchmark Electronics' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Benchmark Electronics' future performance. For an informed investment choice regarding Benchmark Stock, refer to the following important reports:Check out Benchmark Electronics Correlation, Benchmark Electronics Volatility and Benchmark Electronics Alpha and Beta module to complement your research on Benchmark Electronics. For more detail on how to invest in Benchmark Stock please use our How to Invest in Benchmark Electronics guide.You can also try the Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.
Benchmark Electronics technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.