BHP (Mexico) Market Value
| BHPN Stock | MXN 1,139 0.00 0.00% |
| Symbol | BHP |
BHP '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 BHP'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 BHP.
| 10/25/2024 |
| 11/24/2024 |
If you would invest 0.00 in BHP on October 25, 2024 and sell it all today you would earn a total of 0.00 from holding BHP Group or generate 0.0% return on investment in BHP over 30 days. BHP is related to or competes with Rio Tinto, Vale SA, Glencore Plc, Cleveland Cliffs, Minera Frisco, Compaa Minera, and McEwen Mining. BHP Group discovers, acquires, develops, and markets natural resources worldwide More
BHP 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 BHP'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 BHP Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.052 | |||
| Maximum Drawdown | 18.45 |
BHP Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BHP's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BHP's standard deviation. In reality, there are many statistical measures that can use BHP historical prices to predict the future BHP's volatility.| Risk Adjusted Performance | 0.0971 | |||
| Jensen Alpha | 0.245 | |||
| Total Risk Alpha | (0.09) | |||
| Treynor Ratio | (1.20) |
BHP Group Backtested Returns
BHP appears to be very steady, given 3 months investment horizon. BHP Group secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the company had a 0.12% return per unit of risk over the last 3 months. We have found seventeen technical indicators for BHP Group, which you can use to evaluate the volatility of the firm. Please makes use of BHP's risk adjusted performance of 0.0971, and Mean Deviation of 0.5386 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, BHP holds a performance score of 9. The firm shows a Beta (market volatility) of -0.18, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning BHP are expected to decrease at a much lower rate. During the bear market, BHP is likely to outperform the market. Please check BHP's information ratio, maximum drawdown, kurtosis, as well as the relationship between the jensen alpha and skewness , to make a quick decision on whether BHP's price patterns will revert.
Auto-correlation | 1.00 |
Perfect predictability
BHP Group has perfect predictability. Overlapping area represents the amount of predictability between BHP time series from 25th of October 2024 to 9th of November 2024 and 9th of November 2024 to 24th 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 BHP Group price movement. The serial correlation of 1.0 indicates that 100.0% of current BHP price fluctuation can be explain by its past prices.
| Correlation Coefficient | 1.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
BHP Group lagged returns against current returns
Autocorrelation, which is BHP 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 BHP's stock expected returns. We can calculate the autocorrelation of BHP returns to help us make a trade decision. For example, suppose you find that BHP 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 |
BHP 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 BHP stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BHP stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BHP stock over time.
Current vs Lagged Prices |
| Timeline |
BHP Lagged Returns
When evaluating BHP's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BHP stock have on its future price. BHP 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, BHP autocorrelation shows the relationship between BHP stock current value and its past values and can show if there is a momentum factor associated with investing in BHP Group.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for BHP Stock Analysis
When running BHP's price analysis, check to measure BHP'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 BHP is operating at the current time. Most of BHP's value examination focuses on studying past and present price action to predict the probability of BHP's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move BHP's price. Additionally, you may evaluate how the addition of BHP to your portfolios can decrease your overall portfolio volatility.