Bodycote PLC (Germany) Market Value
| 21T Stock | EUR 7.95 0.05 0.62% |
| Symbol | Bodycote |
Bodycote PLC '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 Bodycote PLC'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 Bodycote PLC.
| 12/17/2023 |
| 12/11/2024 |
If you would invest 0.00 in Bodycote PLC on December 17, 2023 and sell it all today you would earn a total of 0.00 from holding Bodycote PLC or generate 0.0% return on investment in Bodycote PLC over 360 days. Bodycote PLC is related to or competes with Spirent Communications, Bank of America, Computer, United Internet, Cogent Communications, Singapore Telecommunicatio, and Ribbon Communications. Bodycote plc provides heat treatment and thermal processing services worldwide More
Bodycote PLC 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 Bodycote PLC'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 Bodycote PLC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.64 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 11.29 | |||
| Value At Risk | (3.46) | |||
| Potential Upside | 3.85 |
Bodycote PLC Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bodycote PLC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bodycote PLC's standard deviation. In reality, there are many statistical measures that can use Bodycote PLC historical prices to predict the future Bodycote PLC's volatility.| Risk Adjusted Performance | 0.0371 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.29) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.0982 |
Bodycote PLC Backtested Returns
At this point, Bodycote PLC is somewhat reliable. Bodycote PLC secures Sharpe Ratio (or Efficiency) of 0.0784, which signifies that the company had a 0.0784% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Bodycote PLC, which you can use to evaluate the volatility of the firm. Please confirm Bodycote PLC's risk adjusted performance of 0.0371, and Mean Deviation of 1.71 to double-check if the risk estimate we provide is consistent with the expected return of 0.18%. Bodycote PLC has a performance score of 6 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.92, which signifies possible diversification benefits within a given portfolio. Bodycote PLC returns are very sensitive to returns on the market. As the market goes up or down, Bodycote PLC is expected to follow. Bodycote PLC right now shows a risk of 2.32%. Please confirm Bodycote PLC downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to decide if Bodycote PLC will be following its price patterns.
Auto-correlation | -0.71 |
Almost perfect reverse predictability
Bodycote PLC has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Bodycote PLC time series from 17th of December 2023 to 14th of June 2024 and 14th of June 2024 to 11th 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 Bodycote PLC price movement. The serial correlation of -0.71 indicates that around 71.0% of current Bodycote PLC price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.71 | |
| Spearman Rank Test | -0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 0.37 |
Bodycote PLC lagged returns against current returns
Autocorrelation, which is Bodycote PLC 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 Bodycote PLC's stock expected returns. We can calculate the autocorrelation of Bodycote PLC returns to help us make a trade decision. For example, suppose you find that Bodycote PLC 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 |
Bodycote PLC 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 Bodycote PLC stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bodycote PLC stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bodycote PLC stock over time.
Current vs Lagged Prices |
| Timeline |
Bodycote PLC Lagged Returns
When evaluating Bodycote PLC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bodycote PLC stock have on its future price. Bodycote PLC 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, Bodycote PLC autocorrelation shows the relationship between Bodycote PLC stock current value and its past values and can show if there is a momentum factor associated with investing in Bodycote PLC.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Bodycote Stock
Bodycote PLC financial ratios help investors to determine whether Bodycote 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 Bodycote with respect to the benefits of owning Bodycote PLC security.