Bermas SA (Romania) Market Value
| BRM Stock | 2.72 0.02 0.73% |
| Symbol | Bermas |
Please note, there is a significant difference between Bermas SA's value and its price as these two are different measures arrived at by different means. Investors typically determine if Bermas SA is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bermas SA's 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.
Bermas SA '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 Bermas SA'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 Bermas SA.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Bermas SA on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Bermas SA or generate 0.0% return on investment in Bermas SA over 30 days. More
Bermas SA 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 Bermas SA'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 Bermas SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 14.45 | |||
| Value At Risk | (4.67) | |||
| Potential Upside | 4.9 |
Bermas SA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bermas SA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bermas SA's standard deviation. In reality, there are many statistical measures that can use Bermas SA historical prices to predict the future Bermas SA's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.49) | |||
| Treynor Ratio | 0.1839 |
Bermas SA Backtested Returns
Bermas SA secures Sharpe Ratio (or Efficiency) of -0.0396, which signifies that the company had a -0.0396% return per unit of risk over the last 3 months. Bermas SA exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Bermas SA's Mean Deviation of 1.69, standard deviation of 2.66, and Risk Adjusted Performance of (0.02) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.5, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Bermas SA are expected to decrease at a much lower rate. During the bear market, Bermas SA is likely to outperform the market. At this point, Bermas SA has a negative expected return of -0.1%. Please make sure to confirm Bermas SA's kurtosis, and the relationship between the value at risk and rate of daily change , to decide if Bermas SA performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.30 |
Below average predictability
Bermas SA has below average predictability. Overlapping area represents the amount of predictability between Bermas SA time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 Bermas SA price movement. The serial correlation of 0.3 indicates that nearly 30.0% of current Bermas SA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.3 | |
| Spearman Rank Test | 0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Bermas SA lagged returns against current returns
Autocorrelation, which is Bermas SA 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 Bermas SA's stock expected returns. We can calculate the autocorrelation of Bermas SA returns to help us make a trade decision. For example, suppose you find that Bermas SA 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 |
Bermas SA 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 Bermas SA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bermas SA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bermas SA stock over time.
Current vs Lagged Prices |
| Timeline |
Bermas SA Lagged Returns
When evaluating Bermas SA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bermas SA stock have on its future price. Bermas SA 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, Bermas SA autocorrelation shows the relationship between Bermas SA stock current value and its past values and can show if there is a momentum factor associated with investing in Bermas SA.
Regressed Prices |
| Timeline |
Pair Trading with Bermas SA
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 Bermas SA 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 Bermas SA will appreciate offsetting losses from the drop in the long position's value.Moving against Bermas Stock
The ability to find closely correlated positions to Bermas SA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bermas SA 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 Bermas SA - 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 Bermas SA to buy it.
The correlation of Bermas SA 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 Bermas SA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bermas 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 Bermas SA 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 Bermas Stock
Bermas SA financial ratios help investors to determine whether Bermas 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 Bermas with respect to the benefits of owning Bermas SA security.