Bengal Energy Stock Market Value
| BNG Stock | CAD 0.01 0.01 50.00% |
| Symbol | Bengal |
Bengal Energy Price To Book Ratio
Bengal Energy '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 Bengal Energy'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 Bengal Energy.
| 12/11/2024 |
| 01/10/2025 |
If you would invest 0.00 in Bengal Energy on December 11, 2024 and sell it all today you would earn a total of 0.00 from holding Bengal Energy or generate 0.0% return on investment in Bengal Energy over 30 days. Bengal Energy is related to or competes with Questerre Energy, Valeura Energy, and Bri Chem. Bengal Energy Ltd., together with its subsidiaries, engages in the exploration, development, and production of oil and g... More
Bengal Energy 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 Bengal Energy'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 Bengal Energy upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 51.23 | |||
| Information Ratio | 0.0824 | |||
| Maximum Drawdown | 150.0 | |||
| Value At Risk | (50.00) | |||
| Potential Upside | 100.0 |
Bengal Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bengal Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bengal Energy's standard deviation. In reality, there are many statistical measures that can use Bengal Energy historical prices to predict the future Bengal Energy's volatility.| Risk Adjusted Performance | 0.0761 | |||
| Jensen Alpha | 2.36 | |||
| Total Risk Alpha | 1.76 | |||
| Sortino Ratio | 0.0463 | |||
| Treynor Ratio | 1.41 |
Bengal Energy Backtested Returns
Bengal Energy is out of control given 3 months investment horizon. Bengal Energy secures Sharpe Ratio (or Efficiency) of 0.11, which signifies that the company had a 0.11% return per unit of risk over the last 3 months. We were able to analyze and collect data for twenty-eight different technical indicators, which can help you to evaluate if expected returns of 3.47% are justified by taking the suggested risk. Use Bengal Energy Downside Deviation of 51.23, risk adjusted performance of 0.0761, and Mean Deviation of 12.77 to evaluate company specific risk that cannot be diversified away. Bengal Energy holds a performance score of 8 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 1.69, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Bengal Energy will likely underperform. Use Bengal Energy downside variance, rate of daily change, and the relationship between the maximum drawdown and skewness , to analyze future returns on Bengal Energy.
Auto-correlation | -0.19 |
Insignificant reverse predictability
Bengal Energy has insignificant reverse predictability. Overlapping area represents the amount of predictability between Bengal Energy time series from 11th of December 2024 to 26th of December 2024 and 26th of December 2024 to 10th 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 Bengal Energy price movement. The serial correlation of -0.19 indicates that over 19.0% of current Bengal Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.19 | |
| Spearman Rank Test | 0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Bengal Energy lagged returns against current returns
Autocorrelation, which is Bengal Energy 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 Bengal Energy's stock expected returns. We can calculate the autocorrelation of Bengal Energy returns to help us make a trade decision. For example, suppose you find that Bengal Energy 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 |
Bengal Energy 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 Bengal Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bengal Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bengal Energy stock over time.
Current vs Lagged Prices |
| Timeline |
Bengal Energy Lagged Returns
When evaluating Bengal Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bengal Energy stock have on its future price. Bengal Energy 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, Bengal Energy autocorrelation shows the relationship between Bengal Energy stock current value and its past values and can show if there is a momentum factor associated with investing in Bengal Energy.
Regressed Prices |
| Timeline |
Pair Trading with Bengal Energy
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 Bengal Energy 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 Bengal Energy will appreciate offsetting losses from the drop in the long position's value.Moving against Bengal Stock
| 0.54 | AMZN | Amazon CDR | PairCorr |
| 0.53 | GOOG | Alphabet CDR | PairCorr |
| 0.49 | JPM | JPMorgan Chase Earnings Call This Week | PairCorr |
| 0.46 | BOFA | Bank of America Earnings Call This Week | PairCorr |
| 0.42 | ENB-PFV | Enbridge Pref 5 | PairCorr |
The ability to find closely correlated positions to Bengal Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bengal Energy 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 Bengal Energy - 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 Bengal Energy to buy it.
The correlation of Bengal Energy 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 Bengal Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bengal Energy 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 Bengal Energy 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 Bengal Stock
Bengal Energy financial ratios help investors to determine whether Bengal 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 Bengal with respect to the benefits of owning Bengal Energy security.