Boustead Heavy's market value is the price at which a share of Boustead Heavy trades on a public exchange. It measures the collective expectations of Boustead Heavy Industries investors about its performance. Boustead Heavy is selling for 0.4 as of the 30th of November 2024. This is a 6.98 percent down since the beginning of the trading day. The stock's lowest day price was 0.4. With this module, you can estimate the performance of a buy and hold strategy of Boustead Heavy Industries and determine expected loss or profit from investing in Boustead Heavy over a given investment horizon. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Symbol
Boustead
Boustead Heavy '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 Boustead Heavy'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 Boustead Heavy.
0.00
10/31/2024
No Change 0.00
0.0
In 31 days
11/30/2024
0.00
If you would invest 0.00 in Boustead Heavy on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Boustead Heavy Industries or generate 0.0% return on investment in Boustead Heavy over 30 days.
Boustead Heavy 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 Boustead Heavy'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 Boustead Heavy Industries upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Boustead Heavy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Boustead Heavy's standard deviation. In reality, there are many statistical measures that can use Boustead Heavy historical prices to predict the future Boustead Heavy's volatility.
As of now, Boustead Stock is out of control. Boustead Heavy Industries secures Sharpe Ratio (or Efficiency) of 0.0012, which signifies that the company had a 0.0012% return per unit of risk over the last 3 months. We have found thirty technical indicators for Boustead Heavy Industries, which you can use to evaluate the volatility of the firm. Please confirm Boustead Heavy's Mean Deviation of 3.13, downside deviation of 9.79, and Risk Adjusted Performance of 0.0099 to double-check if the risk estimate we provide is consistent with the expected return of 0.0094%. The firm shows a Beta (market volatility) of -1.63, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Boustead Heavy are expected to decrease by larger amounts. On the other hand, during market turmoil, Boustead Heavy is expected to outperform it. Boustead Heavy Industries right now shows a risk of 7.98%. Please confirm Boustead Heavy Industries jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to decide if Boustead Heavy Industries will be following its price patterns.
Auto-correlation
-0.28
Weak reverse predictability
Boustead Heavy Industries has weak reverse predictability. Overlapping area represents the amount of predictability between Boustead Heavy time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Boustead Heavy Industries price movement. The serial correlation of -0.28 indicates that nearly 28.0% of current Boustead Heavy price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.28
Spearman Rank Test
0.07
Residual Average
0.0
Price Variance
0.0
Boustead Heavy Industries lagged returns against current returns
Autocorrelation, which is Boustead Heavy 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 Boustead Heavy's stock expected returns. We can calculate the autocorrelation of Boustead Heavy returns to help us make a trade decision. For example, suppose you find that Boustead Heavy 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
Boustead Heavy 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 Boustead Heavy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Boustead Heavy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Boustead Heavy stock over time.
Current vs Lagged Prices
Timeline
Boustead Heavy Lagged Returns
When evaluating Boustead Heavy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Boustead Heavy stock have on its future price. Boustead Heavy 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, Boustead Heavy autocorrelation shows the relationship between Boustead Heavy stock current value and its past values and can show if there is a momentum factor associated with investing in Boustead Heavy Industries.
Regressed Prices
Timeline
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