Bmtc Group Stock Market Value

GBT Stock  CAD 13.20  0.03  0.23%   
BMTC's market value is the price at which a share of BMTC trades on a public exchange. It measures the collective expectations of BMTC Group investors about its performance. BMTC is selling at 13.20 as of the 4th of December 2024; that is 0.23 percent increase since the beginning of the trading day. The stock's open price was 13.17.
With this module, you can estimate the performance of a buy and hold strategy of BMTC Group and determine expected loss or profit from investing in BMTC over a given investment horizon. Check out BMTC Correlation, BMTC Volatility and BMTC Alpha and Beta module to complement your research on BMTC.
Symbol

BMTC Group Price To Book Ratio

Please note, there is a significant difference between BMTC's value and its price as these two are different measures arrived at by different means. Investors typically determine if BMTC is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, BMTC's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

BMTC '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 BMTC'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 BMTC.
0.00
11/04/2024
No Change 0.00  0.0 
In 31 days
12/04/2024
0.00
If you would invest  0.00  in BMTC on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding BMTC Group or generate 0.0% return on investment in BMTC over 30 days. BMTC is related to or competes with Leons Furniture, Lassonde Industries, TWC Enterprises, Supremex, and ADF. BMTC Group Inc., through its subsidiary, Ameublements Tanguay Inc., manages and operates a retail network of furniture, ... More

BMTC 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 BMTC'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 BMTC Group upside and downside potential and time the market with a certain degree of confidence.

BMTC Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for BMTC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BMTC's standard deviation. In reality, there are many statistical measures that can use BMTC historical prices to predict the future BMTC's volatility.
Hype
Prediction
LowEstimatedHigh
11.7213.2014.68
Details
Intrinsic
Valuation
LowRealHigh
9.6011.0814.52
Details
Naive
Forecast
LowNextHigh
11.3012.7914.27
Details
Earnings
Estimates (0)
LowProjected EPSHigh
0.330.330.33
Details

BMTC Group Backtested Returns

As of now, BMTC Stock is not too volatile. BMTC Group secures Sharpe Ratio (or Efficiency) of 0.0455, which signifies that the company had a 0.0455% return per unit of volatility over the last 3 months. We have found twenty-two technical indicators for BMTC Group, which you can use to evaluate the volatility of the firm. Please confirm BMTC's risk adjusted performance of (0.01), and Mean Deviation of 0.9856 to double-check if the risk estimate we provide is consistent with the expected return of 0.0674%. BMTC has a performance score of 3 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.25, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning BMTC are expected to decrease at a much lower rate. During the bear market, BMTC is likely to outperform the market. BMTC Group currently shows a risk of 1.48%. Please confirm BMTC Group skewness, as well as the relationship between the day median price and relative strength index , to decide if BMTC Group will be following its price patterns.

Auto-correlation

    
  -0.64  

Very good reverse predictability

BMTC Group has very good reverse predictability. Overlapping area represents the amount of predictability between BMTC time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th 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 BMTC Group price movement. The serial correlation of -0.64 indicates that roughly 64.0% of current BMTC price fluctuation can be explain by its past prices.
Correlation Coefficient-0.64
Spearman Rank Test-0.45
Residual Average0.0
Price Variance0.03

BMTC Group lagged returns against current returns

Autocorrelation, which is BMTC 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 BMTC's stock expected returns. We can calculate the autocorrelation of BMTC returns to help us make a trade decision. For example, suppose you find that BMTC 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  

BMTC 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 BMTC stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BMTC stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BMTC stock over time.
   Current vs Lagged Prices   
       Timeline  

BMTC Lagged Returns

When evaluating BMTC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BMTC stock have on its future price. BMTC 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, BMTC autocorrelation shows the relationship between BMTC stock current value and its past values and can show if there is a momentum factor associated with investing in BMTC Group.
   Regressed Prices   
       Timeline  

Pair Trading with BMTC

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 BMTC 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 BMTC will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to BMTC could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BMTC 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 BMTC - 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 BMTC Group to buy it.
The correlation of BMTC 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 BMTC moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BMTC Group 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 BMTC 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.
Pair CorrelationCorrelation Matching

Other Information on Investing in BMTC Stock

BMTC financial ratios help investors to determine whether BMTC 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 BMTC with respect to the benefits of owning BMTC security.