Basic Energy (Philippines) Market Value
| BSC Stock | 0.13 0.01 8.33% |
| Symbol | Basic |
Basic Energy '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 Basic Energy'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 Basic Energy.
| 09/04/2023 |
| 11/27/2024 |
If you would invest 0.00 in Basic Energy on September 4, 2023 and sell it all today you would earn a total of 0.00 from holding Basic Energy Corp or generate 0.0% return on investment in Basic Energy over 450 days. Basic Energy is related to or competes with GT Capital, Allhome Corp, Jollibee Foods, and Altus Property. More
Basic Energy 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 Basic Energy'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 Basic Energy Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 15.38 |
Basic Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Basic Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Basic Energy's standard deviation. In reality, there are many statistical measures that can use Basic Energy historical prices to predict the future Basic Energy's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.1) | |||
| Total Risk Alpha | (0.43) | |||
| Treynor Ratio | 3.79 |
Basic Energy Corp Backtested Returns
Basic Energy Corp secures Sharpe Ratio (or Efficiency) of -0.0434, which signifies that the company had a -0.0434% return per unit of risk over the last 3 months. Basic Energy Corp exposes twenty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Basic Energy's Standard Deviation of 2.11, risk adjusted performance of (0.03), and Mean Deviation of 0.6578 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0264, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Basic Energy are expected to decrease at a much lower rate. During the bear market, Basic Energy is likely to outperform the market. At this point, Basic Energy Corp has a negative expected return of -0.093%. Please make sure to confirm Basic Energy's skewness, as well as the relationship between the rate of daily change and price action indicator , to decide if Basic Energy Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.36 |
Below average predictability
Basic Energy Corp has below average predictability. Overlapping area represents the amount of predictability between Basic Energy time series from 4th of September 2023 to 16th of April 2024 and 16th of April 2024 to 27th 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 Basic Energy Corp price movement. The serial correlation of 0.36 indicates that just about 36.0% of current Basic Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.36 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Basic Energy Corp lagged returns against current returns
Autocorrelation, which is Basic Energy 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 Basic Energy's stock expected returns. We can calculate the autocorrelation of Basic Energy returns to help us make a trade decision. For example, suppose you find that Basic Energy 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 |
Basic Energy 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 Basic Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Basic Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Basic Energy stock over time.
Current vs Lagged Prices |
| Timeline |
Basic Energy Lagged Returns
When evaluating Basic Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Basic Energy stock have on its future price. Basic Energy 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, Basic Energy autocorrelation shows the relationship between Basic Energy stock current value and its past values and can show if there is a momentum factor associated with investing in Basic Energy Corp.
Regressed Prices |
| Timeline |
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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 Basic Stock
Basic Energy financial ratios help investors to determine whether Basic 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 Basic with respect to the benefits of owning Basic Energy security.