Basic Fit Nv Stock Market Value
| BSFFF Stock | USD 23.59 2.47 9.48% |
| Symbol | Basic-Fit |
Basic-Fit '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-Fit's pink sheet 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-Fit.
| 06/02/2024 |
| 11/29/2024 |
If you would invest 0.00 in Basic-Fit on June 2, 2024 and sell it all today you would earn a total of 0.00 from holding Basic Fit NV or generate 0.0% return on investment in Basic-Fit over 180 days. Basic-Fit is related to or competes with Yamaha Corp, Planet Fitness, Plby, Shimano, BANDAI NAMCO, Madison Square, and Shimano. As of March 9, 2022, it operated 223 clubs in the Netherlands, 207 clubs in Belgium, 10 clubs in Luxembourg, 578 clubs i... More
Basic-Fit 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-Fit's pink sheet 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 Fit NV upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 15.03 | |||
| Value At Risk | (1.63) |
Basic-Fit Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Basic-Fit's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Basic-Fit's standard deviation. In reality, there are many statistical measures that can use Basic-Fit historical prices to predict the future Basic-Fit's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.21) | |||
| Total Risk Alpha | (0.41) | |||
| Treynor Ratio | (0.53) |
Basic Fit NV Backtested Returns
Basic Fit NV secures Sharpe Ratio (or Efficiency) of -0.1, which signifies that the company had a -0.1% return per unit of risk over the last 3 months. Basic Fit NV exposes twenty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Basic-Fit's Risk Adjusted Performance of (0.07), standard deviation of 1.6, and Mean Deviation of 0.5701 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.32, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Basic-Fit's returns are expected to increase less than the market. However, during the bear market, the loss of holding Basic-Fit is expected to be smaller as well. At this point, Basic Fit NV has a negative expected return of -0.17%. Please make sure to confirm Basic-Fit's value at risk, as well as the relationship between the daily balance of power and day typical price , to decide if Basic Fit NV performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.62 |
Very good reverse predictability
Basic Fit NV has very good reverse predictability. Overlapping area represents the amount of predictability between Basic-Fit time series from 2nd of June 2024 to 31st of August 2024 and 31st of August 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 Basic Fit NV price movement. The serial correlation of -0.62 indicates that roughly 62.0% of current Basic-Fit price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.62 | |
| Spearman Rank Test | 0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 1.07 |
Basic Fit NV lagged returns against current returns
Autocorrelation, which is Basic-Fit pink sheet'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-Fit's pink sheet expected returns. We can calculate the autocorrelation of Basic-Fit returns to help us make a trade decision. For example, suppose you find that Basic-Fit has exhibited high autocorrelation historically, and you observe that the pink sheet 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-Fit 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-Fit pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Basic-Fit pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Basic-Fit pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Basic-Fit Lagged Returns
When evaluating Basic-Fit's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Basic-Fit pink sheet have on its future price. Basic-Fit 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-Fit autocorrelation shows the relationship between Basic-Fit pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Basic Fit NV.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Basic-Fit Pink Sheet
Basic-Fit financial ratios help investors to determine whether Basic-Fit Pink Sheet 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-Fit with respect to the benefits of owning Basic-Fit security.