Birchtech Corp Stock Beta
| BCHT Stock | 0.95 0.01 1.06% |
Birchtech Corp fundamentals help investors to digest information that contributes to Birchtech Corp's financial success or failures. It also enables traders to predict the movement of Birchtech Stock. The fundamental analysis module provides a way to measure Birchtech Corp's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Birchtech Corp stock.
Birchtech |
Birchtech Corp Company Beta Analysis
Birchtech Corp's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
In accordance with the recently published financial statements, Birchtech Corp has a Beta of 0.0. This indicator is about the same for the average (which is currently at 0.0) sector and about the same as Beta (which currently averages 0.0) industry. This indicator is about the same for all Canada stocks average (which is currently at 0.0).
Birchtech Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Birchtech Corp's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Birchtech Corp could also be used in its relative valuation, which is a method of valuing Birchtech Corp by comparing valuation metrics of similar companies.Birchtech Corp is currently under evaluation in beta category among its peers.
About Birchtech Corp Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Birchtech Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Birchtech Corp using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Birchtech Corp based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Birchtech Corp
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 Birchtech Corp 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 Birchtech Corp will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Birchtech Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Birchtech Corp 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 Birchtech Corp - 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 Birchtech Corp to buy it.
The correlation of Birchtech Corp 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 Birchtech Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Birchtech Corp 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 Birchtech Corp 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 Birchtech Stock
Birchtech Corp financial ratios help investors to determine whether Birchtech 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 Birchtech with respect to the benefits of owning Birchtech Corp security.