BBC (Korea) Market Value
| 318410 Stock | KRW 8,170 50.00 0.62% |
| Symbol | BBC |
BBC '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 BBC'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 BBC.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in BBC on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding BBC Co or generate 0.0% return on investment in BBC over 30 days. BBC is related to or competes with Air Busan, Cloud Air, INtRON Biotechnology, Lindeman Asia, Korean Air, Jin Air, and Wireless Power. BBC Co., Ltd. manufactures and sells filaments for oral industry and cosmetic brushes More
BBC 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 BBC'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 BBC Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.26) | |||
| Maximum Drawdown | 7.96 | |||
| Value At Risk | (2.14) | |||
| Potential Upside | 1.89 |
BBC Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BBC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BBC's standard deviation. In reality, there are many statistical measures that can use BBC historical prices to predict the future BBC's volatility.| Risk Adjusted Performance | (0.12) | |||
| Jensen Alpha | (0.22) | |||
| Total Risk Alpha | (0.44) | |||
| Treynor Ratio | 15.6 |
BBC Co Backtested Returns
BBC Co retains Efficiency (Sharpe Ratio) of -0.2, which signifies that the company had a -0.2% return per unit of risk over the last 3 months. BBC exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm BBC's market risk adjusted performance of 15.61, and Variance of 1.82 to double-check the risk estimate we provide. The firm owns a Beta (Systematic Risk) of -0.0145, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning BBC are expected to decrease at a much lower rate. During the bear market, BBC is likely to outperform the market. At this point, BBC Co has a negative expected return of -0.27%. Please make sure to confirm BBC's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if BBC Co performance from the past will be repeated at some future date.
Auto-correlation | -0.45 |
Modest reverse predictability
BBC Co has modest reverse predictability. Overlapping area represents the amount of predictability between BBC time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 BBC Co price movement. The serial correlation of -0.45 indicates that just about 45.0% of current BBC price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.45 | |
| Spearman Rank Test | -0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 58.2 K |
BBC Co lagged returns against current returns
Autocorrelation, which is BBC 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 BBC's stock expected returns. We can calculate the autocorrelation of BBC returns to help us make a trade decision. For example, suppose you find that BBC 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 |
BBC 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 BBC stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BBC stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BBC stock over time.
Current vs Lagged Prices |
| Timeline |
BBC Lagged Returns
When evaluating BBC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BBC stock have on its future price. BBC 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, BBC autocorrelation shows the relationship between BBC stock current value and its past values and can show if there is a momentum factor associated with investing in BBC Co.
Regressed Prices |
| Timeline |
Pair Trading with BBC
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 BBC 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 BBC will appreciate offsetting losses from the drop in the long position's value.Moving together with BBC Stock
| 0.71 | 278280 | Chunbo | PairCorr |
| 0.87 | 213420 | DukSan Neolux CoLtd | PairCorr |
| 0.84 | 298000 | Hyosung Chemical Corp | PairCorr |
| 0.86 | 220260 | LIG ES SPAC | PairCorr |
Moving against BBC Stock
| 0.68 | 024110 | Industrial Bank | PairCorr |
| 0.67 | 032830 | Samsung Life | PairCorr |
| 0.66 | 105560 | KB Financial Group | PairCorr |
| 0.31 | 316140 | Woori Financial Group | PairCorr |
The ability to find closely correlated positions to BBC could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BBC 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 BBC - 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 BBC Co to buy it.
The correlation of BBC 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 BBC moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BBC 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 BBC 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 BBC Stock
BBC financial ratios help investors to determine whether BBC 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 BBC with respect to the benefits of owning BBC security.