Biztech Konsulting (Poland) Market Value
| BTK Stock | 0.16 0.02 11.11% |
| Symbol | Biztech |
Biztech Konsulting '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 Biztech Konsulting'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 Biztech Konsulting.
| 05/30/2024 |
| 11/26/2024 |
If you would invest 0.00 in Biztech Konsulting on May 30, 2024 and sell it all today you would earn a total of 0.00 from holding Biztech Konsulting SA or generate 0.0% return on investment in Biztech Konsulting over 180 days. Biztech Konsulting is related to or competes with Clean Carbon, ADX, Agroliga Group, and Vee SA. More
Biztech Konsulting 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 Biztech Konsulting'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 Biztech Konsulting SA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 7.36 | |||
| Information Ratio | 0.0387 | |||
| Maximum Drawdown | 13.81 | |||
| Value At Risk | (6.67) | |||
| Potential Upside | 7.14 |
Biztech Konsulting Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Biztech Konsulting's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Biztech Konsulting's standard deviation. In reality, there are many statistical measures that can use Biztech Konsulting historical prices to predict the future Biztech Konsulting's volatility.| Risk Adjusted Performance | 0.0592 | |||
| Jensen Alpha | 0.2941 | |||
| Total Risk Alpha | (0.42) | |||
| Sortino Ratio | 0.0242 | |||
| Treynor Ratio | 12.48 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Biztech Konsulting'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.
Biztech Konsulting Backtested Returns
Biztech Konsulting appears to be out of control, given 3 months investment horizon. Biztech Konsulting secures Sharpe Ratio (or Efficiency) of 0.0733, which signifies that the company had a 0.0733% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Biztech Konsulting SA, which you can use to evaluate the volatility of the firm. Please makes use of Biztech Konsulting's Downside Deviation of 7.36, mean deviation of 3.0, and Risk Adjusted Performance of 0.0592 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Biztech Konsulting holds a performance score of 5. The firm shows a Beta (market volatility) of 0.0238, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Biztech Konsulting's returns are expected to increase less than the market. However, during the bear market, the loss of holding Biztech Konsulting is expected to be smaller as well. Please check Biztech Konsulting's potential upside and the relationship between the skewness and price action indicator , to make a quick decision on whether Biztech Konsulting's price patterns will revert.
Auto-correlation | 0.13 |
Insignificant predictability
Biztech Konsulting SA has insignificant predictability. Overlapping area represents the amount of predictability between Biztech Konsulting time series from 30th of May 2024 to 28th of August 2024 and 28th of August 2024 to 26th 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 Biztech Konsulting price movement. The serial correlation of 0.13 indicates that less than 13.0% of current Biztech Konsulting price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.13 | |
| Spearman Rank Test | -0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Biztech Konsulting lagged returns against current returns
Autocorrelation, which is Biztech Konsulting 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 Biztech Konsulting's stock expected returns. We can calculate the autocorrelation of Biztech Konsulting returns to help us make a trade decision. For example, suppose you find that Biztech Konsulting 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 |
Biztech Konsulting 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 Biztech Konsulting stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Biztech Konsulting stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Biztech Konsulting stock over time.
Current vs Lagged Prices |
| Timeline |
Biztech Konsulting Lagged Returns
When evaluating Biztech Konsulting's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Biztech Konsulting stock have on its future price. Biztech Konsulting 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, Biztech Konsulting autocorrelation shows the relationship between Biztech Konsulting stock current value and its past values and can show if there is a momentum factor associated with investing in Biztech Konsulting SA.
Regressed Prices |
| Timeline |
Pair Trading with Biztech Konsulting
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 Biztech Konsulting 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 Biztech Konsulting will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Biztech Konsulting could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Biztech Konsulting 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 Biztech Konsulting - 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 Biztech Konsulting SA to buy it.
The correlation of Biztech Konsulting 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 Biztech Konsulting moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Biztech Konsulting 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 Biztech Konsulting 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.Additional Tools for Biztech Stock Analysis
When running Biztech Konsulting's price analysis, check to measure Biztech Konsulting's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Biztech Konsulting is operating at the current time. Most of Biztech Konsulting's value examination focuses on studying past and present price action to predict the probability of Biztech Konsulting's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Biztech Konsulting's price. Additionally, you may evaluate how the addition of Biztech Konsulting to your portfolios can decrease your overall portfolio volatility.