Bath Body (Brazil) Market Value
| B1BW34 Stock | 58.99 3.51 6.33% |
| Symbol | Bath |
Bath Body '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 Bath Body'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 Bath Body.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in Bath Body on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding Bath Body Works or generate 0.0% return on investment in Bath Body over 30 days. Bath Body is related to or competes with Mliuz SA, Natura Co, Rede DOr, Locaweb Servios, and Banco BTG. More
Bath Body 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 Bath Body'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 Bath Body Works upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 8.06 | |||
| Information Ratio | 0.0607 | |||
| Maximum Drawdown | 21.37 | |||
| Value At Risk | (2.97) | |||
| Potential Upside | 6.3 |
Bath Body Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bath Body's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bath Body's standard deviation. In reality, there are many statistical measures that can use Bath Body historical prices to predict the future Bath Body's volatility.| Risk Adjusted Performance | 0.0749 | |||
| Jensen Alpha | 0.3978 | |||
| Total Risk Alpha | (0.27) | |||
| Sortino Ratio | 0.0296 | |||
| Treynor Ratio | (0.90) |
Bath Body Works Backtested Returns
Bath Body appears to be very steady, given 3 months investment horizon. Bath Body Works secures Sharpe Ratio (or Efficiency) of 0.25, which signifies that the company had a 0.25% return per unit of risk over the last 3 months. By analyzing Bath Body's technical indicators, you can evaluate if the expected return of 0.73% is justified by implied risk. Please makes use of Bath Body's Risk Adjusted Performance of 0.0749, mean deviation of 1.67, and Downside Deviation of 8.06 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Bath Body holds a performance score of 19. The firm shows a Beta (market volatility) of -0.39, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Bath Body are expected to decrease at a much lower rate. During the bear market, Bath Body is likely to outperform the market. Please check Bath Body's total risk alpha, treynor ratio, value at risk, as well as the relationship between the sortino ratio and maximum drawdown , to make a quick decision on whether Bath Body's price patterns will revert.
Auto-correlation | 0.80 |
Very good predictability
Bath Body Works has very good predictability. Overlapping area represents the amount of predictability between Bath Body time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th 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 Bath Body Works price movement. The serial correlation of 0.8 indicates that around 80.0% of current Bath Body price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.8 | |
| Spearman Rank Test | 0.81 | |
| Residual Average | 0.0 | |
| Price Variance | 2.98 |
Bath Body Works lagged returns against current returns
Autocorrelation, which is Bath Body 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 Bath Body's stock expected returns. We can calculate the autocorrelation of Bath Body returns to help us make a trade decision. For example, suppose you find that Bath Body 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 |
Bath Body 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 Bath Body stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bath Body stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bath Body stock over time.
Current vs Lagged Prices |
| Timeline |
Bath Body Lagged Returns
When evaluating Bath Body's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bath Body stock have on its future price. Bath Body 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, Bath Body autocorrelation shows the relationship between Bath Body stock current value and its past values and can show if there is a momentum factor associated with investing in Bath Body Works.
Regressed Prices |
| Timeline |
Also Currently Popular
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 Information and Resources on Investing in Bath Stock
When determining whether Bath Body Works offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Bath Body's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Bath Body Works Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Bath Body Works Stock:Check out Bath Body Correlation, Bath Body Volatility and Bath Body Alpha and Beta module to complement your research on Bath Body. You can also try the Stocks Directory module to find actively traded stocks across global markets.
Bath Body technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.