Bip Investment Corp Preferred Stock Market Value
| BIK-PA Preferred Stock | CAD 27.10 0.10 0.37% |
| Symbol | Bip |
Bip Investment '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 Bip Investment's preferred 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 Bip Investment.
| 02/29/2024 |
| 11/25/2024 |
If you would invest 0.00 in Bip Investment on February 29, 2024 and sell it all today you would earn a total of 0.00 from holding Bip Investment Corp or generate 0.0% return on investment in Bip Investment over 270 days. Bip Investment is related to or competes with IShares Canadian, PHN Multi, Altagas Cum, Invesco SP, and EcoSynthetix. More
Bip Investment 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 Bip Investment's preferred 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 Bip Investment Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9246 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 5.1 | |||
| Value At Risk | (1.16) | |||
| Potential Upside | 1.08 |
Bip Investment Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bip Investment's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bip Investment's standard deviation. In reality, there are many statistical measures that can use Bip Investment historical prices to predict the future Bip Investment's volatility.| Risk Adjusted Performance | 0.1214 | |||
| Jensen Alpha | 0.1355 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | (0.58) |
Bip Investment Corp Backtested Returns
At this point, Bip Investment is very steady. Bip Investment Corp secures Sharpe Ratio (or Efficiency) of 0.15, which signifies that the company had a 0.15% return per unit of risk over the last 3 months. We have found thirty technical indicators for Bip Investment Corp, which you can use to evaluate the volatility of the firm. Please confirm Bip Investment's Risk Adjusted Performance of 0.1214, mean deviation of 0.4663, and Downside Deviation of 0.9246 to double-check if the risk estimate we provide is consistent with the expected return of 0.12%. Bip Investment has a performance score of 11 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.19, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Bip Investment are expected to decrease at a much lower rate. During the bear market, Bip Investment is likely to outperform the market. Bip Investment Corp right now shows a risk of 0.79%. Please confirm Bip Investment Corp total risk alpha, downside variance, daily balance of power, as well as the relationship between the maximum drawdown and skewness , to decide if Bip Investment Corp will be following its price patterns.
Auto-correlation | 0.83 |
Very good predictability
Bip Investment Corp has very good predictability. Overlapping area represents the amount of predictability between Bip Investment time series from 29th of February 2024 to 13th of July 2024 and 13th of July 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 Bip Investment Corp price movement. The serial correlation of 0.83 indicates that around 83.0% of current Bip Investment price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.83 | |
| Spearman Rank Test | 0.85 | |
| Residual Average | 0.0 | |
| Price Variance | 0.55 |
Bip Investment Corp lagged returns against current returns
Autocorrelation, which is Bip Investment preferred 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 Bip Investment's preferred stock expected returns. We can calculate the autocorrelation of Bip Investment returns to help us make a trade decision. For example, suppose you find that Bip Investment has exhibited high autocorrelation historically, and you observe that the preferred 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 |
Bip Investment 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 Bip Investment preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bip Investment preferred stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bip Investment preferred stock over time.
Current vs Lagged Prices |
| Timeline |
Bip Investment Lagged Returns
When evaluating Bip Investment's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bip Investment preferred stock have on its future price. Bip Investment 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, Bip Investment autocorrelation shows the relationship between Bip Investment preferred stock current value and its past values and can show if there is a momentum factor associated with investing in Bip Investment Corp.
Regressed Prices |
| Timeline |
Pair Trading with Bip Investment
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 Bip Investment 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 Bip Investment will appreciate offsetting losses from the drop in the long position's value.Moving together with Bip Preferred Stock
| 0.77 | WINS | Winshear Gold Corp Earnings Call Tomorrow | PairCorr |
Moving against Bip Preferred Stock
| 0.85 | TIL | Till Capital | PairCorr |
| 0.71 | NRR-UN | Northview Residential | PairCorr |
| 0.54 | CNE | Canacol Energy | PairCorr |
The ability to find closely correlated positions to Bip Investment could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bip Investment 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 Bip Investment - 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 Bip Investment Corp to buy it.
The correlation of Bip Investment 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 Bip Investment moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bip Investment Corp 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 Bip Investment 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 Bip Preferred Stock
Bip Investment financial ratios help investors to determine whether Bip Preferred 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 Bip with respect to the benefits of owning Bip Investment security.