Baylin Technologies Stock Market Value
| BYL Stock | CAD 0.44 0.03 6.38% |
| Symbol | Baylin |
Baylin Technologies Price To Book Ratio
Baylin Technologies '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 Baylin Technologies' 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 Baylin Technologies.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Baylin Technologies on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Baylin Technologies or generate 0.0% return on investment in Baylin Technologies over 30 days. Baylin Technologies is related to or competes with IShares Canadian, Altagas Cum, European Residential, RBC Discount, and IShares SPTSX. Baylin Technologies Inc., together with its subsidiaries, researches, designs, develops, manufactures, and sells a range... More
Baylin Technologies 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 Baylin Technologies' 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 Baylin Technologies upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 8.55 | |||
| Information Ratio | 0.1455 | |||
| Maximum Drawdown | 36.04 | |||
| Value At Risk | (10.53) | |||
| Potential Upside | 14.63 |
Baylin Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Baylin Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Baylin Technologies' standard deviation. In reality, there are many statistical measures that can use Baylin Technologies historical prices to predict the future Baylin Technologies' volatility.| Risk Adjusted Performance | 0.135 | |||
| Jensen Alpha | 1.34 | |||
| Total Risk Alpha | 0.0379 | |||
| Sortino Ratio | 0.1179 | |||
| Treynor Ratio | (0.64) |
Baylin Technologies Backtested Returns
Baylin Technologies appears to be out of control, given 3 months investment horizon. Baylin Technologies secures Sharpe Ratio (or Efficiency) of 0.14, which signifies that the company had a 0.14% return per unit of risk over the last 3 months. By analyzing Baylin Technologies' technical indicators, you can evaluate if the expected return of 0.97% is justified by implied risk. Please makes use of Baylin Technologies' Risk Adjusted Performance of 0.135, mean deviation of 4.9, and Downside Deviation of 8.55 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Baylin Technologies holds a performance score of 10. The firm shows a Beta (market volatility) of -1.77, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Baylin Technologies are expected to decrease by larger amounts. On the other hand, during market turmoil, Baylin Technologies is expected to outperform it. Please check Baylin Technologies' potential upside and the relationship between the skewness and period momentum indicator , to make a quick decision on whether Baylin Technologies' price patterns will revert.
Auto-correlation | -0.17 |
Insignificant reverse predictability
Baylin Technologies has insignificant reverse predictability. Overlapping area represents the amount of predictability between Baylin Technologies time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Baylin Technologies price movement. The serial correlation of -0.17 indicates that over 17.0% of current Baylin Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.17 | |
| Spearman Rank Test | -0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Baylin Technologies lagged returns against current returns
Autocorrelation, which is Baylin Technologies 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 Baylin Technologies' stock expected returns. We can calculate the autocorrelation of Baylin Technologies returns to help us make a trade decision. For example, suppose you find that Baylin Technologies 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 |
Baylin Technologies 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 Baylin Technologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Baylin Technologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Baylin Technologies stock over time.
Current vs Lagged Prices |
| Timeline |
Baylin Technologies Lagged Returns
When evaluating Baylin Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Baylin Technologies stock have on its future price. Baylin Technologies 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, Baylin Technologies autocorrelation shows the relationship between Baylin Technologies stock current value and its past values and can show if there is a momentum factor associated with investing in Baylin Technologies.
Regressed Prices |
| Timeline |
Pair Trading with Baylin Technologies
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 Baylin Technologies 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 Baylin Technologies will appreciate offsetting losses from the drop in the long position's value.Moving together with Baylin Stock
| 0.69 | WINS | Winshear Gold Corp Earnings Call Tomorrow | PairCorr |
Moving against Baylin Stock
The ability to find closely correlated positions to Baylin Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Baylin Technologies 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 Baylin Technologies - 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 Baylin Technologies to buy it.
The correlation of Baylin Technologies 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 Baylin Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Baylin Technologies 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 Baylin Technologies 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.Other Information on Investing in Baylin Stock
Baylin Technologies financial ratios help investors to determine whether Baylin 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 Baylin with respect to the benefits of owning Baylin Technologies security.