Belysse Group (Belgium) Market Value
| BELYS Stock | 0.74 0.02 2.63% |
| Symbol | Belysse |
Belysse Group '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 Belysse Group'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 Belysse Group.
| 10/04/2023 |
| 11/27/2024 |
If you would invest 0.00 in Belysse Group on October 4, 2023 and sell it all today you would earn a total of 0.00 from holding Belysse Group NV or generate 0.0% return on investment in Belysse Group over 420 days.
Belysse Group 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 Belysse Group'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 Belysse Group NV upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 22.45 | |||
| Value At Risk | (6.82) | |||
| Potential Upside | 6.59 |
Belysse Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Belysse Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Belysse Group's standard deviation. In reality, there are many statistical measures that can use Belysse Group historical prices to predict the future Belysse Group's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.78) | |||
| Treynor Ratio | 0.6171 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Belysse Group'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.
Belysse Group NV Backtested Returns
Belysse Group NV secures Sharpe Ratio (or Efficiency) of -0.11, which signifies that the company had a -0.11% return per unit of risk over the last 3 months. Belysse Group NV exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Belysse Group's Standard Deviation of 4.08, risk adjusted performance of (0.02), and Mean Deviation of 2.84 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.23, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Belysse Group are expected to decrease at a much lower rate. During the bear market, Belysse Group is likely to outperform the market. At this point, Belysse Group NV has a negative expected return of -0.39%. Please make sure to confirm Belysse Group's standard deviation, potential upside, as well as the relationship between the Potential Upside and day median price , to decide if Belysse Group NV performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.29 |
Weak reverse predictability
Belysse Group NV has weak reverse predictability. Overlapping area represents the amount of predictability between Belysse Group time series from 4th of October 2023 to 1st of May 2024 and 1st of May 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 Belysse Group NV price movement. The serial correlation of -0.29 indicates that nearly 29.0% of current Belysse Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.29 | |
| Spearman Rank Test | 0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Belysse Group NV lagged returns against current returns
Autocorrelation, which is Belysse Group 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 Belysse Group's stock expected returns. We can calculate the autocorrelation of Belysse Group returns to help us make a trade decision. For example, suppose you find that Belysse Group 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 |
Belysse Group 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 Belysse Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Belysse Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Belysse Group stock over time.
Current vs Lagged Prices |
| Timeline |
Belysse Group Lagged Returns
When evaluating Belysse Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Belysse Group stock have on its future price. Belysse Group 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, Belysse Group autocorrelation shows the relationship between Belysse Group stock current value and its past values and can show if there is a momentum factor associated with investing in Belysse Group NV.
Regressed Prices |
| Timeline |
Pair Trading with Belysse Group
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 Belysse Group 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 Belysse Group will appreciate offsetting losses from the drop in the long position's value.Moving together with Belysse Stock
Moving against Belysse Stock
The ability to find closely correlated positions to Belysse Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Belysse Group 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 Belysse Group - 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 Belysse Group NV to buy it.
The correlation of Belysse Group 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 Belysse Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Belysse Group 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 Belysse Group 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.