Besalco Sa (Chile) Market Value
| BESALCO Stock | CLP 565.83 4.17 0.73% |
| Symbol | Besalco |
Besalco Sa '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 Besalco Sa'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 Besalco Sa.
| 12/10/2023 |
| 12/04/2024 |
If you would invest 0.00 in Besalco Sa on December 10, 2023 and sell it all today you would earn a total of 0.00 from holding Besalco Sa or generate 0.0% return on investment in Besalco Sa over 360 days. Besalco Sa is related to or competes with Energia Latina, Embotelladora Andina, Administradora Americana, and Las Condes. Besalco S.A., through its subsidiaries, operates as a construction company in Chile More
Besalco Sa 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 Besalco Sa'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 Besalco Sa upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.38 | |||
| Information Ratio | 0.0094 | |||
| Maximum Drawdown | 5.07 | |||
| Value At Risk | (1.74) | |||
| Potential Upside | 1.97 |
Besalco Sa Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Besalco Sa's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Besalco Sa's standard deviation. In reality, there are many statistical measures that can use Besalco Sa historical prices to predict the future Besalco Sa's volatility.| Risk Adjusted Performance | 0.0856 | |||
| Jensen Alpha | 0.1246 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.0078 | |||
| Treynor Ratio | (1.13) |
Besalco Sa Backtested Returns
As of now, Besalco Stock is very steady. Besalco Sa secures Sharpe Ratio (or Efficiency) of 0.0707, which signifies that the company had a 0.0707% return per unit of risk over the last 3 months. We have found thirty technical indicators for Besalco Sa, which you can use to evaluate the volatility of the firm. Please confirm Besalco Sa's Risk Adjusted Performance of 0.0856, downside deviation of 1.38, and Mean Deviation of 0.7337 to double-check if the risk estimate we provide is consistent with the expected return of 0.0804%. Besalco Sa has a performance score of 5 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.1, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Besalco Sa are expected to decrease at a much lower rate. During the bear market, Besalco Sa is likely to outperform the market. Besalco Sa right now shows a risk of 1.14%. Please confirm Besalco Sa treynor ratio, kurtosis, period momentum indicator, as well as the relationship between the downside variance and day median price , to decide if Besalco Sa will be following its price patterns.
Auto-correlation | -0.11 |
Insignificant reverse predictability
Besalco Sa has insignificant reverse predictability. Overlapping area represents the amount of predictability between Besalco Sa time series from 10th of December 2023 to 7th of June 2024 and 7th of June 2024 to 4th 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 Besalco Sa price movement. The serial correlation of -0.11 indicates that less than 11.0% of current Besalco Sa price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.11 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 478.64 |
Besalco Sa lagged returns against current returns
Autocorrelation, which is Besalco Sa 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 Besalco Sa's stock expected returns. We can calculate the autocorrelation of Besalco Sa returns to help us make a trade decision. For example, suppose you find that Besalco Sa 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 |
Besalco Sa 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 Besalco Sa stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Besalco Sa stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Besalco Sa stock over time.
Current vs Lagged Prices |
| Timeline |
Besalco Sa Lagged Returns
When evaluating Besalco Sa's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Besalco Sa stock have on its future price. Besalco Sa 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, Besalco Sa autocorrelation shows the relationship between Besalco Sa stock current value and its past values and can show if there is a momentum factor associated with investing in Besalco Sa.
Regressed Prices |
| Timeline |
Pair Trading with Besalco Sa
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 Besalco Sa 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 Besalco Sa will appreciate offsetting losses from the drop in the long position's value.Moving together with Besalco Stock
Moving against Besalco Stock
The ability to find closely correlated positions to Besalco Sa could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Besalco Sa 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 Besalco Sa - 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 Besalco Sa to buy it.
The correlation of Besalco Sa 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 Besalco Sa moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Besalco 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 Besalco Sa 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 Besalco Stock
Besalco Sa financial ratios help investors to determine whether Besalco 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 Besalco with respect to the benefits of owning Besalco Sa security.