Barco NV (Belgium) Market Value
| BAR Stock | EUR 10.24 0.04 0.39% |
| Symbol | Barco |
Barco NV '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 Barco NV'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 Barco NV.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Barco NV on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Barco NV or generate 0.0% return on investment in Barco NV over 30 days. Barco NV is related to or competes with Kinepolis Group, Ageas SANV, Ackermans Van, Solvay SA, and NV Bekaert. Barco NV, together with its subsidiaries, develops visualization solutions for the entertainment, enterprise, and health... More
Barco NV 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 Barco NV'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 Barco NV upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 7.95 | |||
| Value At Risk | (2.97) | |||
| Potential Upside | 2.4 |
Barco NV Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Barco NV's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Barco NV's standard deviation. In reality, there are many statistical measures that can use Barco NV historical prices to predict the future Barco NV's volatility.| Risk Adjusted Performance | (0.12) | |||
| Jensen Alpha | (0.31) | |||
| Total Risk Alpha | (0.47) | |||
| Treynor Ratio | (0.84) |
Barco NV Backtested Returns
Barco NV secures Sharpe Ratio (or Efficiency) of -0.16, which signifies that the company had a -0.16% return per unit of risk over the last 3 months. Barco NV exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Barco NV's Standard Deviation of 1.68, mean deviation of 1.35, and Risk Adjusted Performance of (0.12) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.33, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Barco NV's returns are expected to increase less than the market. However, during the bear market, the loss of holding Barco NV is expected to be smaller as well. At this point, Barco NV has a negative expected return of -0.28%. Please make sure to confirm Barco NV's value at risk, skewness, and the relationship between the maximum drawdown and potential upside , to decide if Barco NV performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.79 |
Almost perfect reverse predictability
Barco NV has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Barco NV time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 Barco NV price movement. The serial correlation of -0.79 indicates that around 79.0% of current Barco NV price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.79 | |
| Spearman Rank Test | -0.85 | |
| Residual Average | 0.0 | |
| Price Variance | 0.18 |
Barco NV lagged returns against current returns
Autocorrelation, which is Barco NV 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 Barco NV's stock expected returns. We can calculate the autocorrelation of Barco NV returns to help us make a trade decision. For example, suppose you find that Barco NV 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 |
Barco NV 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 Barco NV stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Barco NV stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Barco NV stock over time.
Current vs Lagged Prices |
| Timeline |
Barco NV Lagged Returns
When evaluating Barco NV's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Barco NV stock have on its future price. Barco NV 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, Barco NV autocorrelation shows the relationship between Barco NV stock current value and its past values and can show if there is a momentum factor associated with investing in Barco NV.
Regressed Prices |
| Timeline |
Pair Trading with Barco NV
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 Barco NV 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 Barco NV will appreciate offsetting losses from the drop in the long position's value.Moving together with Barco Stock
Moving against Barco Stock
The ability to find closely correlated positions to Barco NV could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Barco NV 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 Barco NV - 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 Barco NV to buy it.
The correlation of Barco NV 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 Barco NV moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Barco NV 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 Barco NV 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.Additional Tools for Barco Stock Analysis
When running Barco NV's price analysis, check to measure Barco NV's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Barco NV is operating at the current time. Most of Barco NV's value examination focuses on studying past and present price action to predict the probability of Barco NV's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Barco NV's price. Additionally, you may evaluate how the addition of Barco NV to your portfolios can decrease your overall portfolio volatility.