BH (Korea) Market Value
| 090460 Stock | KRW 17,380 1,000.00 6.11% |
| Symbol | BH |
BH '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 BH'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 BH.
| 08/28/2024 |
| 11/26/2024 |
If you would invest 0.00 in BH on August 28, 2024 and sell it all today you would earn a total of 0.00 from holding BH Co or generate 0.0% return on investment in BH over 90 days. BH is related to or competes with Korea Real, Korea Ratings, IQuest, and Wonbang Tech. BH Co., Ltd. manufactures and supplies flexible printed circuit boards . More
BH 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 BH'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 BH Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 26.61 | |||
| Value At Risk | (6.18) | |||
| Potential Upside | 4.77 |
BH Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BH's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BH's standard deviation. In reality, there are many statistical measures that can use BH historical prices to predict the future BH's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.34) | |||
| Total Risk Alpha | (0.90) | |||
| Treynor Ratio | (2.14) |
BH Co Backtested Returns
BH Co retains Efficiency (Sharpe Ratio) of -0.0536, which signifies that the company had a -0.0536% return per unit of price deviation over the last 3 months. BH exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm BH's Variance of 13.94, information ratio of (0.12), and Market Risk Adjusted Performance of (2.13) to double-check the risk estimate we provide. The firm owns a Beta (Systematic Risk) of 0.15, which signifies not very significant fluctuations relative to the market. As returns on the market increase, BH's returns are expected to increase less than the market. However, during the bear market, the loss of holding BH is expected to be smaller as well. At this point, BH Co has a negative expected return of -0.21%. Please make sure to confirm BH's coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if BH Co performance from the past will be repeated sooner or later.
Auto-correlation | 0.75 |
Good predictability
BH Co has good predictability. Overlapping area represents the amount of predictability between BH time series from 28th of August 2024 to 12th of October 2024 and 12th of October 2024 to 26th of November 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 BH Co price movement. The serial correlation of 0.75 indicates that around 75.0% of current BH price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.75 | |
| Spearman Rank Test | 0.85 | |
| Residual Average | 0.0 | |
| Price Variance | 602.8 K |
BH Co lagged returns against current returns
Autocorrelation, which is BH 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 BH's stock expected returns. We can calculate the autocorrelation of BH returns to help us make a trade decision. For example, suppose you find that BH 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 |
BH 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 BH stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BH stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BH stock over time.
Current vs Lagged Prices |
| Timeline |
BH Lagged Returns
When evaluating BH's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BH stock have on its future price. BH 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, BH autocorrelation shows the relationship between BH stock current value and its past values and can show if there is a momentum factor associated with investing in BH Co.
Regressed Prices |
| Timeline |
Pair Trading with BH
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 BH 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 BH will appreciate offsetting losses from the drop in the long position's value.Moving together with BH Stock
The ability to find closely correlated positions to BH could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BH 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 BH - 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 BH Co to buy it.
The correlation of BH 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 BH moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BH Co 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 BH 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 BH Stock
BH financial ratios help investors to determine whether BH 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 BH with respect to the benefits of owning BH security.