BONAS IMPORT (Romania) Market Value
| BONA Stock | 0.84 0.05 5.62% |
| Symbol | BONAS |
BONAS IMPORT '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 BONAS IMPORT'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 BONAS IMPORT.
| 06/28/2024 |
| 12/25/2024 |
If you would invest 0.00 in BONAS IMPORT on June 28, 2024 and sell it all today you would earn a total of 0.00 from holding BONAS IMPORT EXPORT or generate 0.0% return on investment in BONAS IMPORT over 180 days.
BONAS IMPORT 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 BONAS IMPORT'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 BONAS IMPORT EXPORT upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 20.97 | |||
| Value At Risk | (7.14) | |||
| Potential Upside | 6.25 |
BONAS IMPORT Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BONAS IMPORT's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BONAS IMPORT's standard deviation. In reality, there are many statistical measures that can use BONAS IMPORT historical prices to predict the future BONAS IMPORT's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.47) | |||
| Total Risk Alpha | (0.66) | |||
| Treynor Ratio | (5.92) |
BONAS IMPORT EXPORT Backtested Returns
BONAS IMPORT EXPORT secures Sharpe Ratio (or Efficiency) of -0.16, which signifies that the company had a -0.16% return per unit of risk over the last 3 months. BONAS IMPORT EXPORT exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm BONAS IMPORT's risk adjusted performance of (0.08), and Mean Deviation of 2.93 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0792, which signifies not very significant fluctuations relative to the market. As returns on the market increase, BONAS IMPORT's returns are expected to increase less than the market. However, during the bear market, the loss of holding BONAS IMPORT is expected to be smaller as well. At this point, BONAS IMPORT EXPORT has a negative expected return of -0.66%. Please make sure to confirm BONAS IMPORT's maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to decide if BONAS IMPORT EXPORT performance from the past will be repeated in the future.
Auto-correlation | 0.58 |
Modest predictability
BONAS IMPORT EXPORT has modest predictability. Overlapping area represents the amount of predictability between BONAS IMPORT time series from 28th of June 2024 to 26th of September 2024 and 26th of September 2024 to 25th 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 BONAS IMPORT EXPORT price movement. The serial correlation of 0.58 indicates that roughly 58.0% of current BONAS IMPORT price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.58 | |
| Spearman Rank Test | 0.69 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
BONAS IMPORT EXPORT lagged returns against current returns
Autocorrelation, which is BONAS IMPORT 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 BONAS IMPORT's stock expected returns. We can calculate the autocorrelation of BONAS IMPORT returns to help us make a trade decision. For example, suppose you find that BONAS IMPORT 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 |
BONAS IMPORT 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 BONAS IMPORT stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BONAS IMPORT stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BONAS IMPORT stock over time.
Current vs Lagged Prices |
| Timeline |
BONAS IMPORT Lagged Returns
When evaluating BONAS IMPORT's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BONAS IMPORT stock have on its future price. BONAS IMPORT 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, BONAS IMPORT autocorrelation shows the relationship between BONAS IMPORT stock current value and its past values and can show if there is a momentum factor associated with investing in BONAS IMPORT EXPORT.
Regressed Prices |
| Timeline |
Pair Trading with BONAS IMPORT
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 BONAS IMPORT 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 BONAS IMPORT will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to BONAS IMPORT could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BONAS IMPORT 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 BONAS IMPORT - 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 BONAS IMPORT EXPORT to buy it.
The correlation of BONAS IMPORT 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 BONAS IMPORT moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BONAS IMPORT EXPORT 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 BONAS IMPORT 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.