BLS International (India) Market Value
| BLS Stock | 388.45 1.70 0.44% |
| Symbol | BLS |
BLS International '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 BLS International'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 BLS International.
| 12/12/2022 |
| 12/01/2024 |
If you would invest 0.00 in BLS International on December 12, 2022 and sell it all today you would earn a total of 0.00 from holding BLS International Services or generate 0.0% return on investment in BLS International over 720 days. BLS International is related to or competes with Juniper Hotels, Blue Coast, Apollo Sindoori, Rajnandini Metal, SINCLAIRS HOTELS, Lemon Tree, and Taj GVK. BLS International is entity of India. It is traded as Stock on NSE exchange. More
BLS International 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 BLS International'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 BLS International Services upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 14.14 | |||
| Value At Risk | (4.57) | |||
| Potential Upside | 3.37 |
BLS International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BLS International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BLS International's standard deviation. In reality, there are many statistical measures that can use BLS International historical prices to predict the future BLS International's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.57) | |||
| Treynor Ratio | (0.66) |
BLS International Backtested Returns
BLS International secures Sharpe Ratio (or Efficiency) of -0.0462, which signifies that the company had a -0.0462% return per unit of risk over the last 3 months. BLS International Services exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm BLS International's risk adjusted performance of (0.03), and Mean Deviation of 1.92 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.22, which signifies not very significant fluctuations relative to the market. As returns on the market increase, BLS International's returns are expected to increase less than the market. However, during the bear market, the loss of holding BLS International is expected to be smaller as well. At this point, BLS International has a negative expected return of -0.12%. Please make sure to confirm BLS International's value at risk, rate of daily change, relative strength index, as well as the relationship between the kurtosis and market facilitation index , to decide if BLS International performance from the past will be repeated at future time.
Auto-correlation | 0.68 |
Good predictability
BLS International Services has good predictability. Overlapping area represents the amount of predictability between BLS International time series from 12th of December 2022 to 7th of December 2023 and 7th of December 2023 to 1st 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 BLS International price movement. The serial correlation of 0.68 indicates that around 68.0% of current BLS International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.68 | |
| Spearman Rank Test | 0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 1320.69 |
BLS International lagged returns against current returns
Autocorrelation, which is BLS International 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 BLS International's stock expected returns. We can calculate the autocorrelation of BLS International returns to help us make a trade decision. For example, suppose you find that BLS International 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 |
BLS International 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 BLS International stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BLS International stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BLS International stock over time.
Current vs Lagged Prices |
| Timeline |
BLS International Lagged Returns
When evaluating BLS International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BLS International stock have on its future price. BLS International 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, BLS International autocorrelation shows the relationship between BLS International stock current value and its past values and can show if there is a momentum factor associated with investing in BLS International Services.
Regressed Prices |
| Timeline |
Also Currently Popular
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.Other Information on Investing in BLS Stock
BLS International financial ratios help investors to determine whether BLS 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 BLS with respect to the benefits of owning BLS International security.