Bang Olufsen (Denmark) Market Value
| BO Stock | DKK 9.27 0.16 1.76% |
| Symbol | Bang |
Bang Olufsen '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 Bang Olufsen'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 Bang Olufsen.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Bang Olufsen on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Bang Olufsen or generate 0.0% return on investment in Bang Olufsen over 30 days. Bang Olufsen is related to or competes with Broendbyernes, Matas AS, NKT AS, and Jyske Bank. Bang Olufsen as designs, develops, and markets audio and video products More
Bang Olufsen 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 Bang Olufsen'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 Bang Olufsen upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.37 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 8.4 | |||
| Value At Risk | (1.93) | |||
| Potential Upside | 2.94 |
Bang Olufsen Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bang Olufsen's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bang Olufsen's standard deviation. In reality, there are many statistical measures that can use Bang Olufsen historical prices to predict the future Bang Olufsen's volatility.| Risk Adjusted Performance | 0.0488 | |||
| Jensen Alpha | 0.1138 | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | (0.23) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Bang Olufsen's 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.
Bang Olufsen Backtested Returns
As of now, Bang Stock is not too volatile. Bang Olufsen secures Sharpe Ratio (or Efficiency) of 0.0783, which signifies that the company had a 0.0783% return per unit of risk over the last 3 months. We have found thirty technical indicators for Bang Olufsen, which you can use to evaluate the volatility of the firm. Please confirm Bang Olufsen's Mean Deviation of 1.06, risk adjusted performance of 0.0488, and Downside Deviation of 1.37 to double-check if the risk estimate we provide is consistent with the expected return of 0.11%. Bang Olufsen has a performance score of 6 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.33, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Bang Olufsen are expected to decrease at a much lower rate. During the bear market, Bang Olufsen is likely to outperform the market. Bang Olufsen right now shows a risk of 1.45%. Please confirm Bang Olufsen total risk alpha, downside variance, daily balance of power, as well as the relationship between the maximum drawdown and skewness , to decide if Bang Olufsen will be following its price patterns.
Auto-correlation | -0.62 |
Very good reverse predictability
Bang Olufsen has very good reverse predictability. Overlapping area represents the amount of predictability between Bang Olufsen time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd 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 Bang Olufsen price movement. The serial correlation of -0.62 indicates that roughly 62.0% of current Bang Olufsen price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.62 | |
| Spearman Rank Test | -0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Bang Olufsen lagged returns against current returns
Autocorrelation, which is Bang Olufsen 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 Bang Olufsen's stock expected returns. We can calculate the autocorrelation of Bang Olufsen returns to help us make a trade decision. For example, suppose you find that Bang Olufsen 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 |
Bang Olufsen 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 Bang Olufsen stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bang Olufsen stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bang Olufsen stock over time.
Current vs Lagged Prices |
| Timeline |
Bang Olufsen Lagged Returns
When evaluating Bang Olufsen's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bang Olufsen stock have on its future price. Bang Olufsen 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, Bang Olufsen autocorrelation shows the relationship between Bang Olufsen stock current value and its past values and can show if there is a momentum factor associated with investing in Bang Olufsen.
Regressed Prices |
| Timeline |
Pair Trading with Bang Olufsen
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 Bang Olufsen 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 Bang Olufsen will appreciate offsetting losses from the drop in the long position's value.Moving against Bang Stock
The ability to find closely correlated positions to Bang Olufsen could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bang Olufsen 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 Bang Olufsen - 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 Bang Olufsen to buy it.
The correlation of Bang Olufsen 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 Bang Olufsen moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bang Olufsen 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 Bang Olufsen 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 Bang Stock
Bang Olufsen financial ratios help investors to determine whether Bang 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 Bang with respect to the benefits of owning Bang Olufsen security.