BALIMA's market value is the price at which a share of BALIMA trades on a public exchange. It measures the collective expectations of BALIMA investors about its performance. BALIMA is trading at 205.00 as of the 1st of December 2024, a No Change since the beginning of the trading day. The stock's open price was 205.0. With this module, you can estimate the performance of a buy and hold strategy of BALIMA and determine expected loss or profit from investing in BALIMA 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 population.
Symbol
BALIMA
BALIMA '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 BALIMA'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 BALIMA.
0.00
11/01/2024
No Change 0.00
0.0
In 30 days
12/01/2024
0.00
If you would invest 0.00 in BALIMA on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding BALIMA or generate 0.0% return on investment in BALIMA over 30 days.
BALIMA 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 BALIMA'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 BALIMA 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 BALIMA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BALIMA's standard deviation. In reality, there are many statistical measures that can use BALIMA historical prices to predict the future BALIMA's volatility.
BALIMA secures Sharpe Ratio (or Efficiency) of -0.0398, which signifies that the company had a -0.0398% return per unit of return volatility over the last 3 months. BALIMA exposes nineteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm BALIMA's Variance of 3.92, standard deviation of 1.98, and Mean Deviation of 0.8544 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.014, which signifies not very significant fluctuations relative to the market. As returns on the market increase, BALIMA's returns are expected to increase less than the market. However, during the bear market, the loss of holding BALIMA is expected to be smaller as well. At this point, BALIMA has a negative expected return of -0.0812%. Please make sure to confirm BALIMA's total risk alpha, as well as the relationship between the kurtosis and relative strength index , to decide if BALIMA performance from the past will be repeated in the future.
Auto-correlation
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No correlation between past and present
BALIMA has no correlation between past and present. Overlapping area represents the amount of predictability between BALIMA time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 BALIMA price movement. The serial correlation of 0.0 indicates that just 0.0% of current BALIMA price fluctuation can be explain by its past prices.
Correlation Coefficient
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Spearman Rank Test
1.0
Residual Average
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Price Variance
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BALIMA lagged returns against current returns
Autocorrelation, which is BALIMA 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 BALIMA's stock expected returns. We can calculate the autocorrelation of BALIMA returns to help us make a trade decision. For example, suppose you find that BALIMA 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
BALIMA 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 BALIMA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BALIMA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BALIMA stock over time.
Current vs Lagged Prices
Timeline
BALIMA Lagged Returns
When evaluating BALIMA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BALIMA stock have on its future price. BALIMA 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, BALIMA autocorrelation shows the relationship between BALIMA stock current value and its past values and can show if there is a momentum factor associated with investing in BALIMA.
Regressed Prices
Timeline
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