Bidvest (South Africa) Market Value
| BVT Stock | 25,503 14.00 0.05% |
| 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.
| 08/05/2024 |
| 02/01/2025 |
If you would invest 0.00 in Bidvest on August 5, 2024 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 180 days. Bidvest is related to or competes with RCL Foods, Frontier Transport, HomeChoice Investments, Bytes Technology, Advtech, and CA Sales. 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 | (0.18) | |||
| Maximum Drawdown | 7.0 | |||
| Value At Risk | (2.08) | |||
| Potential Upside | 2.09 |
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 | (0.09) | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | (0.31) | |||
| Treynor Ratio | (0.97) |
Bidvest Group Backtested Returns
Bidvest Group secures Sharpe Ratio (or Efficiency) of -0.13, which signifies that the company had a -0.13 % return per unit of standard deviation over the last 3 months. Bidvest Group exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Bidvest's risk adjusted performance of (0.09), and Mean Deviation of 1.06 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.17, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Bidvest's returns are expected to increase less than the market. However, during the bear market, the loss of holding Bidvest is expected to be smaller as well. At this point, Bidvest Group has a negative expected return of -0.18%. Please make sure to confirm Bidvest's coefficient of variation, treynor ratio, skewness, as well as the relationship between the jensen alpha and value at risk , to decide if Bidvest Group performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.57 |
Good reverse predictability
Bidvest Group has good reverse predictability. Overlapping area represents the amount of predictability between Bidvest time series from 5th of August 2024 to 3rd of November 2024 and 3rd of November 2024 to 1st of February 2025. 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 -0.57 indicates that roughly 57.0% of current Bidvest price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.57 | |
| Spearman Rank Test | -0.53 | |
| Residual Average | 0.0 | |
| Price Variance | 1 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 |
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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 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.