BG Foods (Germany) Market Value
| DHR Stock | EUR 6.94 0.35 4.80% |
| Symbol | DHR |
BG Foods '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 BG Foods' 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 BG Foods.
| 11/20/2024 |
| 12/20/2024 |
BG Foods 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 BG Foods' 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 BG Foods upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 16.65 | |||
| Value At Risk | (4.80) | |||
| Potential Upside | 4.64 |
BG Foods Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BG Foods' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BG Foods' standard deviation. In reality, there are many statistical measures that can use BG Foods historical prices to predict the future BG Foods' volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.28) | |||
| Treynor Ratio | 0.2086 |
BG Foods Backtested Returns
BG Foods retains Efficiency (Sharpe Ratio) of -0.0542, which signifies that the company had a -0.0542% return per unit of price deviation over the last 3 months. BG Foods exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm BG Foods' Information Ratio of (0.07), variance of 9.05, and Market Risk Adjusted Performance of 0.2186 to double-check the risk estimate we provide. The firm owns a Beta (Systematic Risk) of -0.9, which signifies possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning BG Foods are expected to decrease slowly. On the other hand, during market turmoil, BG Foods is expected to outperform it slightly. At this point, BG Foods has a negative expected return of -0.17%. Please make sure to confirm BG Foods' coefficient of variation, variance, and the relationship between the mean deviation and standard deviation , to decide if BG Foods performance from the past will be repeated sooner or later.
Auto-correlation | 0.73 |
Good predictability
BG Foods has good predictability. Overlapping area represents the amount of predictability between BG Foods time series from 20th of November 2024 to 5th of December 2024 and 5th of December 2024 to 20th 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 BG Foods price movement. The serial correlation of 0.73 indicates that around 73.0% of current BG Foods price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.73 | |
| Spearman Rank Test | 0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 0.16 |
BG Foods lagged returns against current returns
Autocorrelation, which is BG Foods 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 BG Foods' stock expected returns. We can calculate the autocorrelation of BG Foods returns to help us make a trade decision. For example, suppose you find that BG Foods 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 |
BG Foods 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 BG Foods stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BG Foods stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BG Foods stock over time.
Current vs Lagged Prices |
| Timeline |
BG Foods Lagged Returns
When evaluating BG Foods' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BG Foods stock have on its future price. BG Foods 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, BG Foods autocorrelation shows the relationship between BG Foods stock current value and its past values and can show if there is a momentum factor associated with investing in BG Foods.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Information and Resources on Investing in DHR Stock
When determining whether BG Foods is a strong investment it is important to analyze BG Foods' 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 BG Foods' future performance. For an informed investment choice regarding DHR Stock, refer to the following important reports:Check out BG Foods Correlation, BG Foods Volatility and BG Foods Alpha and Beta module to complement your research on BG Foods. For information on how to trade DHR Stock refer to our How to Trade DHR Stock guide.You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
BG Foods 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.