Ball Corp (UK) Market Value
| 0HL5 Stock | 58.25 0.88 1.53% |
| Symbol | Ball |
Ball Corp '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 Ball Corp'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 Ball Corp.
| 12/19/2023 |
| 12/13/2024 |
If you would invest 0.00 in Ball Corp on December 19, 2023 and sell it all today you would earn a total of 0.00 from holding Ball Corp or generate 0.0% return on investment in Ball Corp over 360 days. Ball Corp is related to or competes with Hochschild Mining, Allianz Technology, Microchip Technology, Blackrock World, DXC Technology, Bytes Technology, and Sabien Technology. Ball Corp is entity of United Kingdom. It is traded as Stock on LSE exchange. More
Ball Corp 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 Ball Corp'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 Ball Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 10.63 | |||
| Value At Risk | (1.96) | |||
| Potential Upside | 1.52 |
Ball Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ball Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ball Corp's standard deviation. In reality, there are many statistical measures that can use Ball Corp historical prices to predict the future Ball Corp's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.20) | |||
| Total Risk Alpha | (0.40) | |||
| Treynor Ratio | (0.57) |
Ball Corp Backtested Returns
Ball Corp secures Sharpe Ratio (or Efficiency) of -0.14, which signifies that the company had a -0.14% return per unit of risk over the last 3 months. Ball Corp exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Ball Corp's Mean Deviation of 1.05, standard deviation of 1.6, and Risk Adjusted Performance of (0.07) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.3, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Ball Corp's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ball Corp is expected to be smaller as well. At this point, Ball Corp has a negative expected return of -0.22%. Please make sure to confirm Ball Corp's jensen alpha, treynor ratio, and the relationship between the standard deviation and total risk alpha , to decide if Ball Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.27 |
Poor predictability
Ball Corp has poor predictability. Overlapping area represents the amount of predictability between Ball Corp time series from 19th of December 2023 to 16th of June 2024 and 16th of June 2024 to 13th 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 Ball Corp price movement. The serial correlation of 0.27 indicates that nearly 27.0% of current Ball Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.27 | |
| Spearman Rank Test | 0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 6.38 |
Ball Corp lagged returns against current returns
Autocorrelation, which is Ball Corp 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 Ball Corp's stock expected returns. We can calculate the autocorrelation of Ball Corp returns to help us make a trade decision. For example, suppose you find that Ball Corp 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 |
Ball Corp 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 Ball Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ball Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ball Corp stock over time.
Current vs Lagged Prices |
| Timeline |
Ball Corp Lagged Returns
When evaluating Ball Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ball Corp stock have on its future price. Ball Corp 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, Ball Corp autocorrelation shows the relationship between Ball Corp stock current value and its past values and can show if there is a momentum factor associated with investing in Ball Corp.
Regressed Prices |
| Timeline |
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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 Tools for Ball Stock Analysis
When running Ball Corp's price analysis, check to measure Ball Corp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Ball Corp is operating at the current time. Most of Ball Corp's value examination focuses on studying past and present price action to predict the probability of Ball Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ball Corp's price. Additionally, you may evaluate how the addition of Ball Corp to your portfolios can decrease your overall portfolio volatility.