Bidvest (South Africa) Market Value
| BVT Stock | 27,610 1.00 0% |
| Symbol | Bidvest |
Bidvest '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 Bidvest'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 Bidvest.
| 10/10/2023 |
| 12/03/2024 |
If you would invest 0.00 in Bidvest on October 10, 2023 and sell it all today you would earn a total of 0.00 from holding Bidvest Group or generate 0.0% return on investment in Bidvest over 420 days. Bidvest is related to or competes with Deneb Investments, and Brikor. More
Bidvest 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 Bidvest'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 Bidvest Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 6.68 | |||
| Value At Risk | (2.03) | |||
| Potential Upside | 2.13 |
Bidvest Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bidvest's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bidvest's standard deviation. In reality, there are many statistical measures that can use Bidvest historical prices to predict the future Bidvest's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.26) | |||
| Treynor Ratio | 1.04 |
Bidvest Group Backtested Returns
At this point, Bidvest is very steady. Bidvest Group secures Sharpe Ratio (or Efficiency) of 0.0086, which signifies that the company had a 0.0086% return per unit of standard deviation over the last 3 months. We have found twenty-three technical indicators for Bidvest Group, which you can use to evaluate the volatility of the firm. Please confirm Bidvest's mean deviation of 1.05, and Risk Adjusted Performance of (0.02) to double-check if the risk estimate we provide is consistent with the expected return of 0.0114%. The firm shows a Beta (market volatility) of -0.0557, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Bidvest are expected to decrease at a much lower rate. During the bear market, Bidvest is likely to outperform the market. Bidvest Group right now shows a risk of 1.32%. Please confirm Bidvest Group coefficient of variation, treynor ratio, skewness, as well as the relationship between the jensen alpha and value at risk , to decide if Bidvest Group will be following its price patterns.
Auto-correlation | -0.6 |
Good reverse predictability
Bidvest Group has good reverse predictability. Overlapping area represents the amount of predictability between Bidvest time series from 10th of October 2023 to 7th of May 2024 and 7th of May 2024 to 3rd of December 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 Bidvest Group price movement. The serial correlation of -0.6 indicates that roughly 60.0% of current Bidvest price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.6 | |
| Spearman Rank Test | -0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 1.9 M |
Bidvest Group lagged returns against current returns
Autocorrelation, which is Bidvest 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 Bidvest's stock expected returns. We can calculate the autocorrelation of Bidvest returns to help us make a trade decision. For example, suppose you find that Bidvest 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 |
Bidvest 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 Bidvest stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bidvest stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bidvest stock over time.
Current vs Lagged Prices |
| Timeline |
Bidvest Lagged Returns
When evaluating Bidvest's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bidvest stock have on its future price. Bidvest 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, Bidvest autocorrelation shows the relationship between Bidvest stock current value and its past values and can show if there is a momentum factor associated with investing in Bidvest Group.
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 Bidvest Stock
Bidvest financial ratios help investors to determine whether Bidvest 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 Bidvest with respect to the benefits of owning Bidvest security.