Bich Chi (Vietnam) Market Value
| BCF Stock | 40,000 500.00 1.27% |
| Symbol | Bich |
Bich Chi '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 Bich Chi'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 Bich Chi.
| 06/05/2024 |
| 12/02/2024 |
If you would invest 0.00 in Bich Chi on June 5, 2024 and sell it all today you would earn a total of 0.00 from holding Bich Chi Food or generate 0.0% return on investment in Bich Chi over 180 days. Bich Chi is related to or competes with FIT INVEST, Damsan JSC, An Phat, Alphanam, APG Securities, Binhthuan Agriculture, and Mekong Fisheries. More
Bich Chi 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 Bich Chi'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 Bich Chi Food upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.26 | |||
| Information Ratio | 0.103 | |||
| Maximum Drawdown | 16.98 | |||
| Value At Risk | (6.67) | |||
| Potential Upside | 5.48 |
Bich Chi Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bich Chi's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bich Chi's standard deviation. In reality, there are many statistical measures that can use Bich Chi historical prices to predict the future Bich Chi's volatility.| Risk Adjusted Performance | 0.1184 | |||
| Jensen Alpha | 0.5425 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | 0.0795 | |||
| Treynor Ratio | (0.78) |
Bich Chi Food Backtested Returns
Bich Chi appears to be very steady, given 3 months investment horizon. Bich Chi Food secures Sharpe Ratio (or Efficiency) of 0.0631, which signifies that the company had a 0.0631% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for Bich Chi Food, which you can use to evaluate the volatility of the firm. Please makes use of Bich Chi's risk adjusted performance of 0.1184, and Mean Deviation of 2.36 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Bich Chi holds a performance score of 4. The firm shows a Beta (market volatility) of -0.6, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Bich Chi are expected to decrease at a much lower rate. During the bear market, Bich Chi is likely to outperform the market. Please check Bich Chi's sortino ratio, semi variance, and the relationship between the information ratio and value at risk , to make a quick decision on whether Bich Chi's price patterns will revert.
Auto-correlation | 0.70 |
Good predictability
Bich Chi Food has good predictability. Overlapping area represents the amount of predictability between Bich Chi time series from 5th of June 2024 to 3rd of September 2024 and 3rd of September 2024 to 2nd 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 Bich Chi Food price movement. The serial correlation of 0.7 indicates that around 70.0% of current Bich Chi price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.7 | |
| Spearman Rank Test | 0.59 | |
| Residual Average | 0.0 | |
| Price Variance | 2.9 M |
Bich Chi Food lagged returns against current returns
Autocorrelation, which is Bich Chi 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 Bich Chi's stock expected returns. We can calculate the autocorrelation of Bich Chi returns to help us make a trade decision. For example, suppose you find that Bich Chi 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 |
Bich Chi 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 Bich Chi stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bich Chi stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bich Chi stock over time.
Current vs Lagged Prices |
| Timeline |
Bich Chi Lagged Returns
When evaluating Bich Chi's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bich Chi stock have on its future price. Bich Chi 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, Bich Chi autocorrelation shows the relationship between Bich Chi stock current value and its past values and can show if there is a momentum factor associated with investing in Bich Chi Food.
Regressed Prices |
| Timeline |
Pair Trading with Bich Chi
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 Bich Chi 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 Bich Chi will appreciate offsetting losses from the drop in the long position's value.Moving against Bich Stock
| 0.87 | AME | Alphanam ME | PairCorr |
| 0.8 | AAA | An Phat Plastic | PairCorr |
| 0.7 | APG | APG Securities Joint | PairCorr |
| 0.67 | ABS | Binhthuan Agriculture | PairCorr |
| 0.65 | ADS | Damsan JSC | PairCorr |
The ability to find closely correlated positions to Bich Chi could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bich Chi 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 Bich Chi - 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 Bich Chi Food to buy it.
The correlation of Bich Chi 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 Bich Chi moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bich Chi Food 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 Bich Chi 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.Other Information on Investing in Bich Stock
Bich Chi financial ratios help investors to determine whether Bich 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 Bich with respect to the benefits of owning Bich Chi security.