NV Bekaert (Belgium) Market Value
| BEKB Stock | EUR 32.98 0.46 1.41% |
| Symbol | BEKB |
NV Bekaert '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 NV Bekaert'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 NV Bekaert.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in NV Bekaert on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding NV Bekaert SA or generate 0.0% return on investment in NV Bekaert over 30 days. NV Bekaert is related to or competes with Solvay SA, Ackermans Van, Barco NV, Etablissementen Franz, and Groep Brussel. NV Bekaert SA provides steel wire transformation and coating technologies worldwide More
NV Bekaert 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 NV Bekaert'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 NV Bekaert SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 7.4 | |||
| Value At Risk | (2.81) | |||
| Potential Upside | 2.59 |
NV Bekaert Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NV Bekaert's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NV Bekaert's standard deviation. In reality, there are many statistical measures that can use NV Bekaert historical prices to predict the future NV Bekaert's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.24) | |||
| Total Risk Alpha | (0.42) | |||
| Treynor Ratio | (0.32) |
NV Bekaert SA Backtested Returns
NV Bekaert SA retains Efficiency (Sharpe Ratio) of -0.0865, which conveys that the firm had a -0.0865% return per unit of price deviation over the last 3 months. NV Bekaert exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify NV Bekaert's Mean Deviation of 1.27, market risk adjusted performance of (0.31), and Information Ratio of (0.19) to check out the risk estimate we provide. The company owns a Beta (Systematic Risk) of 0.54, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, NV Bekaert's returns are expected to increase less than the market. However, during the bear market, the loss of holding NV Bekaert is expected to be smaller as well. At this point, NV Bekaert SA has a negative expected return of -0.14%. Please make sure to verify NV Bekaert's coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if NV Bekaert SA performance from the past will be repeated at some future date.
Auto-correlation | 0.50 |
Modest predictability
NV Bekaert SA has modest predictability. Overlapping area represents the amount of predictability between NV Bekaert time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 NV Bekaert SA price movement. The serial correlation of 0.5 indicates that about 50.0% of current NV Bekaert price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.5 | |
| Spearman Rank Test | 0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 0.3 |
NV Bekaert SA lagged returns against current returns
Autocorrelation, which is NV Bekaert 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 NV Bekaert's stock expected returns. We can calculate the autocorrelation of NV Bekaert returns to help us make a trade decision. For example, suppose you find that NV Bekaert 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 |
NV Bekaert 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 NV Bekaert stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NV Bekaert stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NV Bekaert stock over time.
Current vs Lagged Prices |
| Timeline |
NV Bekaert Lagged Returns
When evaluating NV Bekaert's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NV Bekaert stock have on its future price. NV Bekaert 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, NV Bekaert autocorrelation shows the relationship between NV Bekaert stock current value and its past values and can show if there is a momentum factor associated with investing in NV Bekaert SA.
Regressed Prices |
| Timeline |
Pair Trading with NV Bekaert
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 NV Bekaert 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 NV Bekaert will appreciate offsetting losses from the drop in the long position's value.Moving together with BEKB Stock
Moving against BEKB Stock
The ability to find closely correlated positions to NV Bekaert could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NV Bekaert 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 NV Bekaert - 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 NV Bekaert SA to buy it.
The correlation of NV Bekaert 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 NV Bekaert moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NV Bekaert SA 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 NV Bekaert 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 BEKB Stock Analysis
When running NV Bekaert's price analysis, check to measure NV Bekaert'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 NV Bekaert is operating at the current time. Most of NV Bekaert's value examination focuses on studying past and present price action to predict the probability of NV Bekaert's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NV Bekaert's price. Additionally, you may evaluate how the addition of NV Bekaert to your portfolios can decrease your overall portfolio volatility.