Bci Best (South Africa) Market Value
| 0P00014CP1 | 1.50 0.00 0.00% |
| Symbol | Bci |
Bci Best '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 Bci Best's fund 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 Bci Best.
| 11/02/2024 |
| 12/02/2024 |
If you would invest 0.00 in Bci Best on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding Bci Best Blend or generate 0.0% return on investment in Bci Best over 30 days.
Bci Best 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 Bci Best's fund 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 Bci Best Blend upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8621 | |||
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 2.68 | |||
| Value At Risk | (0.67) | |||
| Potential Upside | 0.6897 |
Bci Best Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bci Best's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bci Best's standard deviation. In reality, there are many statistical measures that can use Bci Best historical prices to predict the future Bci Best's volatility.| Risk Adjusted Performance | 0.0879 | |||
| Jensen Alpha | 0.0504 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.1) | |||
| Treynor Ratio | (0.66) |
Bci Best Blend Backtested Returns
At this point, Bci Best is somewhat reliable. Bci Best Blend secures Sharpe Ratio (or Efficiency) of 0.14, which signifies that the fund had a 0.14% return per unit of risk over the last 3 months. We have found twenty-four technical indicators for Bci Best Blend, which you can use to evaluate the volatility of the entity. Please confirm Bci Best's Downside Deviation of 0.8621, mean deviation of 0.2477, and Risk Adjusted Performance of 0.0879 to double-check if the risk estimate we provide is consistent with the expected return of 0.0564%. The fund shows a Beta (market volatility) of -0.0642, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Bci Best are expected to decrease at a much lower rate. During the bear market, Bci Best is likely to outperform the market.
Auto-correlation | 0.15 |
Insignificant predictability
Bci Best Blend has insignificant predictability. Overlapping area represents the amount of predictability between Bci Best time series from 2nd of November 2024 to 17th of November 2024 and 17th of November 2024 to 2nd 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 Bci Best Blend price movement. The serial correlation of 0.15 indicates that less than 15.0% of current Bci Best price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.15 | |
| Spearman Rank Test | 0.91 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Bci Best Blend lagged returns against current returns
Autocorrelation, which is Bci Best fund'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 Bci Best's fund expected returns. We can calculate the autocorrelation of Bci Best returns to help us make a trade decision. For example, suppose you find that Bci Best has exhibited high autocorrelation historically, and you observe that the fund 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 |
Bci Best 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 Bci Best fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bci Best fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bci Best fund over time.
Current vs Lagged Prices |
| Timeline |
Bci Best Lagged Returns
When evaluating Bci Best's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bci Best fund have on its future price. Bci Best 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, Bci Best autocorrelation shows the relationship between Bci Best fund current value and its past values and can show if there is a momentum factor associated with investing in Bci Best Blend.
Regressed Prices |
| Timeline |
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