BJC Heavy (Thailand) Market Value
| BJCHI Stock | THB 1.20 0.01 0.84% |
| Symbol | BJC |
BJC Heavy '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 BJC Heavy'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 BJC Heavy.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in BJC Heavy on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding BJC Heavy Industries or generate 0.0% return on investment in BJC Heavy over 720 days. BJC Heavy is related to or competes with CH Karnchang, Asia Aviation, AAPICO Hitech, GFPT Public, and Italian Thai. BJC Heavy Industries Public Company Limited manufactures and sells fabricated steel and equipment, and provides modulari... More
BJC Heavy 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 BJC Heavy'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 BJC Heavy Industries upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.39) | |||
| Maximum Drawdown | 5.54 | |||
| Value At Risk | (3.40) | |||
| Potential Upside | 1.54 |
BJC Heavy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BJC Heavy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BJC Heavy's standard deviation. In reality, there are many statistical measures that can use BJC Heavy historical prices to predict the future BJC Heavy's volatility.| Risk Adjusted Performance | (0.22) | |||
| Jensen Alpha | (0.44) | |||
| Total Risk Alpha | (0.61) | |||
| Treynor Ratio | (1.24) |
BJC Heavy Industries Backtested Returns
BJC Heavy is out of control given 3 months investment horizon. BJC Heavy Industries retains Efficiency (Sharpe Ratio) of 0.11, which signifies that the company had a 0.11% return per unit of risk over the last 3 months. We have analyzed twenty-three different technical indicators, which can help you to evaluate if expected returns of 14.17% are justified by taking the suggested risk. Use BJC Heavy Industries variance of 1.81, and Market Risk Adjusted Performance of (1.23) to evaluate company specific risk that cannot be diversified away. BJC Heavy holds a performance score of 8 on a scale of zero to a hundred. The firm owns a Beta (Systematic Risk) of 0.32, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, BJC Heavy's returns are expected to increase less than the market. However, during the bear market, the loss of holding BJC Heavy is expected to be smaller as well. Use BJC Heavy Industries value at risk, rate of daily change, and the relationship between the total risk alpha and kurtosis , to analyze future returns on BJC Heavy Industries.
Auto-correlation | -0.55 |
Good reverse predictability
BJC Heavy Industries has good reverse predictability. Overlapping area represents the amount of predictability between BJC Heavy time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 to 28th 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 BJC Heavy Industries price movement. The serial correlation of -0.55 indicates that about 55.0% of current BJC Heavy price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.55 | |
| Spearman Rank Test | -0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
BJC Heavy Industries lagged returns against current returns
Autocorrelation, which is BJC Heavy 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 BJC Heavy's stock expected returns. We can calculate the autocorrelation of BJC Heavy returns to help us make a trade decision. For example, suppose you find that BJC Heavy 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 |
BJC Heavy 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 BJC Heavy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BJC Heavy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BJC Heavy stock over time.
Current vs Lagged Prices |
| Timeline |
BJC Heavy Lagged Returns
When evaluating BJC Heavy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BJC Heavy stock have on its future price. BJC Heavy 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, BJC Heavy autocorrelation shows the relationship between BJC Heavy stock current value and its past values and can show if there is a momentum factor associated with investing in BJC Heavy Industries.
Regressed Prices |
| Timeline |
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BJC Heavy financial ratios help investors to determine whether BJC 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 BJC with respect to the benefits of owning BJC Heavy security.