Bactech Environmental Stock Market Value
| BCCEF Stock | USD 0.01 0 23.70% |
| Symbol | BacTech |
BacTech Environmental '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 BacTech Environmental's otc 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 BacTech Environmental.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in BacTech Environmental on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding BacTech Environmental or generate 0.0% return on investment in BacTech Environmental over 30 days. BacTech Environmental is related to or competes with Republic Services, Waste Connections, Clean Harbors, Gfl Environmental, and Casella Waste. BacTech Environmental Corporation operates as an environmental technology company More
BacTech Environmental 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 BacTech Environmental's otc 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 BacTech Environmental upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 48.9 | |||
| Value At Risk | (16.11) | |||
| Potential Upside | 17.13 |
BacTech Environmental Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BacTech Environmental's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BacTech Environmental's standard deviation. In reality, there are many statistical measures that can use BacTech Environmental historical prices to predict the future BacTech Environmental's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.63) | |||
| Total Risk Alpha | (1.95) | |||
| Treynor Ratio | (0.47) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of BacTech Environmental's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
BacTech Environmental Backtested Returns
BacTech Environmental secures Sharpe Ratio (or Efficiency) of -0.093, which signifies that the company had a -0.093% return per unit of standard deviation over the last 3 months. BacTech Environmental exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm BacTech Environmental's mean deviation of 5.65, and Risk Adjusted Performance of (0.03) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.07, which signifies a somewhat significant risk relative to the market. BacTech Environmental returns are very sensitive to returns on the market. As the market goes up or down, BacTech Environmental is expected to follow. At this point, BacTech Environmental has a negative expected return of -0.78%. Please make sure to confirm BacTech Environmental's mean deviation, information ratio, potential upside, as well as the relationship between the standard deviation and total risk alpha , to decide if BacTech Environmental performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.09 |
Very weak reverse predictability
BacTech Environmental has very weak reverse predictability. Overlapping area represents the amount of predictability between BacTech Environmental 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 BacTech Environmental price movement. The serial correlation of -0.09 indicates that less than 9.0% of current BacTech Environmental price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.09 | |
| Spearman Rank Test | -0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
BacTech Environmental lagged returns against current returns
Autocorrelation, which is BacTech Environmental otc 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 BacTech Environmental's otc stock expected returns. We can calculate the autocorrelation of BacTech Environmental returns to help us make a trade decision. For example, suppose you find that BacTech Environmental has exhibited high autocorrelation historically, and you observe that the otc 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 |
BacTech Environmental 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 BacTech Environmental otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BacTech Environmental otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BacTech Environmental otc stock over time.
Current vs Lagged Prices |
| Timeline |
BacTech Environmental Lagged Returns
When evaluating BacTech Environmental's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BacTech Environmental otc stock have on its future price. BacTech Environmental 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, BacTech Environmental autocorrelation shows the relationship between BacTech Environmental otc stock current value and its past values and can show if there is a momentum factor associated with investing in BacTech Environmental.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in BacTech OTC Stock
BacTech Environmental financial ratios help investors to determine whether BacTech OTC 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 BacTech with respect to the benefits of owning BacTech Environmental security.