Baked Games (Poland) Market Value
| BKD Stock | 3.12 0.02 0.65% |
| Symbol | Baked |
Please note, there is a significant difference between Baked Games' value and its price as these two are different measures arrived at by different means. Investors typically determine if Baked Games is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Baked Games' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Baked Games '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 Baked Games' 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 Baked Games.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Baked Games on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Baked Games SA or generate 0.0% return on investment in Baked Games over 30 days. Baked Games is related to or competes with GreenX Metals, and Movie Games. More
Baked Games 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 Baked Games' 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 Baked Games SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 31.18 | |||
| Value At Risk | (6.42) | |||
| Potential Upside | 5.49 |
Baked Games Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Baked Games' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Baked Games' standard deviation. In reality, there are many statistical measures that can use Baked Games historical prices to predict the future Baked Games' volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.55) | |||
| Total Risk Alpha | (1.26) | |||
| Treynor Ratio | (2.91) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Baked Games' 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.
Baked Games SA Backtested Returns
Baked Games SA secures Sharpe Ratio (or Efficiency) of -0.0965, which signifies that the company had a -0.0965% return per unit of risk over the last 3 months. Baked Games SA exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Baked Games' Standard Deviation of 4.69, risk adjusted performance of (0.08), and Mean Deviation of 3.0 to double-check the risk estimate we provide. 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, Baked Games' returns are expected to increase less than the market. However, during the bear market, the loss of holding Baked Games is expected to be smaller as well. At this point, Baked Games SA has a negative expected return of -0.48%. Please make sure to confirm Baked Games' skewness, and the relationship between the treynor ratio and rate of daily change , to decide if Baked Games SA performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.64 |
Very good reverse predictability
Baked Games SA has very good reverse predictability. Overlapping area represents the amount of predictability between Baked Games time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Baked Games SA price movement. The serial correlation of -0.64 indicates that roughly 64.0% of current Baked Games price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.64 | |
| Spearman Rank Test | -0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Baked Games SA lagged returns against current returns
Autocorrelation, which is Baked Games 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 Baked Games' stock expected returns. We can calculate the autocorrelation of Baked Games returns to help us make a trade decision. For example, suppose you find that Baked Games 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 |
Baked Games 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 Baked Games stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Baked Games stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Baked Games stock over time.
Current vs Lagged Prices |
| Timeline |
Baked Games Lagged Returns
When evaluating Baked Games' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Baked Games stock have on its future price. Baked Games 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, Baked Games autocorrelation shows the relationship between Baked Games stock current value and its past values and can show if there is a momentum factor associated with investing in Baked Games SA.
Regressed Prices |
| Timeline |
Pair Trading with Baked Games
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 Baked Games 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 Baked Games will appreciate offsetting losses from the drop in the long position's value.Moving together with Baked Stock
Moving against Baked Stock
| 0.81 | UCG | UniCredit SpA | PairCorr |
| 0.73 | SAN | Banco Santander SA | PairCorr |
| 0.47 | CEZ | CEZ as | PairCorr |
| 0.45 | DNP | Dino Polska SA | PairCorr |
| 0.42 | KGH | KGHM Polska Miedz | PairCorr |
The ability to find closely correlated positions to Baked Games could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Baked Games 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 Baked Games - 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 Baked Games SA to buy it.
The correlation of Baked Games 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 Baked Games moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Baked Games 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 Baked Games 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.Additional Tools for Baked Stock Analysis
When running Baked Games' price analysis, check to measure Baked Games' 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 Baked Games is operating at the current time. Most of Baked Games' value examination focuses on studying past and present price action to predict the probability of Baked Games' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Baked Games' price. Additionally, you may evaluate how the addition of Baked Games to your portfolios can decrease your overall portfolio volatility.