Bodycote PLC (UK) Market Value
| BOY Stock | 711.00 100.00 16.37% |
| Symbol | Bodycote |
Bodycote PLC '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 Bodycote PLC'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 Bodycote PLC.
| 12/06/2022 |
| 11/25/2024 |
If you would invest 0.00 in Bodycote PLC on December 6, 2022 and sell it all today you would earn a total of 0.00 from holding Bodycote PLC or generate 0.0% return on investment in Bodycote PLC over 720 days. Bodycote PLC is related to or competes with Quadrise Plc, Intuitive Investments, European Metals, and Athelney Trust. Bodycote PLC is entity of United Kingdom More
Bodycote PLC 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 Bodycote PLC'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 Bodycote PLC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.82 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 8.88 | |||
| Value At Risk | (2.18) | |||
| Potential Upside | 2.38 |
Bodycote PLC Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bodycote PLC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bodycote PLC's standard deviation. In reality, there are many statistical measures that can use Bodycote PLC historical prices to predict the future Bodycote PLC's volatility.| Risk Adjusted Performance | 0.0535 | |||
| Jensen Alpha | 0.045 | |||
| Total Risk Alpha | (0.15) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.2568 |
Bodycote PLC Backtested Returns
At this point, Bodycote PLC is very steady. Bodycote PLC secures Sharpe Ratio (or Efficiency) of 0.0643, which signifies that the company had a 0.0643% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for Bodycote PLC, which you can use to evaluate the volatility of the firm. Please confirm Bodycote PLC's risk adjusted performance of 0.0535, and Mean Deviation of 1.11 to double-check if the risk estimate we provide is consistent with the expected return of 0.18%. Bodycote PLC has a performance score of 5 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, Bodycote PLC's returns are expected to increase less than the market. However, during the bear market, the loss of holding Bodycote PLC is expected to be smaller as well. Bodycote PLC right now shows a risk of 2.76%. Please confirm Bodycote PLC treynor ratio, expected short fall, and the relationship between the jensen alpha and potential upside , to decide if Bodycote PLC will be following its price patterns.
Auto-correlation | 0.54 |
Modest predictability
Bodycote PLC has modest predictability. Overlapping area represents the amount of predictability between Bodycote PLC time series from 6th of December 2022 to 1st of December 2023 and 1st of December 2023 to 25th 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 Bodycote PLC price movement. The serial correlation of 0.54 indicates that about 54.0% of current Bodycote PLC price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.54 | |
| Spearman Rank Test | -0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 3316.58 |
Bodycote PLC lagged returns against current returns
Autocorrelation, which is Bodycote PLC 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 Bodycote PLC's stock expected returns. We can calculate the autocorrelation of Bodycote PLC returns to help us make a trade decision. For example, suppose you find that Bodycote PLC 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 |
Bodycote PLC 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 Bodycote PLC stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bodycote PLC stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bodycote PLC stock over time.
Current vs Lagged Prices |
| Timeline |
Bodycote PLC Lagged Returns
When evaluating Bodycote PLC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bodycote PLC stock have on its future price. Bodycote PLC 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, Bodycote PLC autocorrelation shows the relationship between Bodycote PLC stock current value and its past values and can show if there is a momentum factor associated with investing in Bodycote PLC.
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 Bodycote Stock
Bodycote PLC financial ratios help investors to determine whether Bodycote 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 Bodycote with respect to the benefits of owning Bodycote PLC security.