Balchem (Germany) Market Value
| BL9B Stock | EUR 169.70 0.30 0.18% |
| Symbol | Balchem |
Balchem '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 Balchem'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 Balchem.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Balchem on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding Balchem or generate 0.0% return on investment in Balchem over 30 days. Balchem is related to or competes with Electronic Arts, CompuGroup Medical, Merit Medical, Diamyd Medical, AVITA Medical, METHODE ELECTRONICS, and Methode Electronics. Balchem Corporation develops, manufactures, and markets specialty performance ingredients and products for the food, nut... More
Balchem 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 Balchem'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 Balchem upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.51 | |||
| Information Ratio | 0.0174 | |||
| Maximum Drawdown | 10.31 | |||
| Value At Risk | (2.28) | |||
| Potential Upside | 2.27 |
Balchem Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Balchem's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Balchem's standard deviation. In reality, there are many statistical measures that can use Balchem historical prices to predict the future Balchem's volatility.| Risk Adjusted Performance | 0.0729 | |||
| Jensen Alpha | 0.1162 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | 0.0182 | |||
| Treynor Ratio | 0.9197 |
Balchem Backtested Returns
At this point, Balchem is very steady. Balchem secures Sharpe Ratio (or Efficiency) of 0.11, which signifies that the company had a 0.11% return per unit of risk over the last 3 months. We have found thirty technical indicators for Balchem, which you can use to evaluate the volatility of the firm. Please confirm Balchem's Risk Adjusted Performance of 0.0729, mean deviation of 1.16, and Downside Deviation of 1.51 to double-check if the risk estimate we provide is consistent with the expected return of 0.17%. Balchem has a performance score of 8 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.14, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Balchem's returns are expected to increase less than the market. However, during the bear market, the loss of holding Balchem is expected to be smaller as well. Balchem right now shows a risk of 1.53%. Please confirm Balchem coefficient of variation, jensen alpha, sortino ratio, as well as the relationship between the standard deviation and total risk alpha , to decide if Balchem will be following its price patterns.
Auto-correlation | 0.65 |
Good predictability
Balchem has good predictability. Overlapping area represents the amount of predictability between Balchem time series from 4th of November 2024 to 19th of November 2024 and 19th of November 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 Balchem price movement. The serial correlation of 0.65 indicates that roughly 65.0% of current Balchem price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.65 | |
| Spearman Rank Test | 0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 6.29 |
Balchem lagged returns against current returns
Autocorrelation, which is Balchem 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 Balchem's stock expected returns. We can calculate the autocorrelation of Balchem returns to help us make a trade decision. For example, suppose you find that Balchem 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 |
Balchem 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 Balchem stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Balchem stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Balchem stock over time.
Current vs Lagged Prices |
| Timeline |
Balchem Lagged Returns
When evaluating Balchem's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Balchem stock have on its future price. Balchem 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, Balchem autocorrelation shows the relationship between Balchem stock current value and its past values and can show if there is a momentum factor associated with investing in Balchem.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Balchem Stock
When determining whether Balchem offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Balchem's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Balchem Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Balchem Stock:Check out Balchem Correlation, Balchem Volatility and Balchem Alpha and Beta module to complement your research on Balchem. For more detail on how to invest in Balchem Stock please use our How to Invest in Balchem guide.You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
Balchem technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.