Brouwerij Handelsmaatschap (Belgium) Market Value
| COBH Stock | EUR 1,620 20.00 1.25% |
| Symbol | Brouwerij |
Brouwerij Handelsmaatschap '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 Brouwerij Handelsmaatschap'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 Brouwerij Handelsmaatschap.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Brouwerij Handelsmaatschap on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Brouwerij Handelsmaatschappij NV or generate 0.0% return on investment in Brouwerij Handelsmaatschap over 540 days. Brouwerij Handelsmaatschap is related to or competes with Compagnie, Miko NV, Campine, Socit De, and Floridienne. Brouwerij Handelsmaatschappij NV operates as a beer brewery primarily in Belgium More
Brouwerij Handelsmaatschap 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 Brouwerij Handelsmaatschap'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 Brouwerij Handelsmaatschappij NV upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.89 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 18.21 | |||
| Value At Risk | (2.98) | |||
| Potential Upside | 4.29 |
Brouwerij Handelsmaatschap Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Brouwerij Handelsmaatschap's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Brouwerij Handelsmaatschap's standard deviation. In reality, there are many statistical measures that can use Brouwerij Handelsmaatschap historical prices to predict the future Brouwerij Handelsmaatschap's volatility.| Risk Adjusted Performance | 0.022 | |||
| Jensen Alpha | 0.0857 | |||
| Total Risk Alpha | (0.32) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | (0.09) |
Brouwerij Handelsmaatschap Backtested Returns
Currently, Brouwerij Handelsmaatschappij NV is very steady. Brouwerij Handelsmaatschap secures Sharpe Ratio (or Efficiency) of 0.0081, which signifies that the company had a 0.0081% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Brouwerij Handelsmaatschappij NV, which you can use to evaluate the volatility of the firm. Please confirm Brouwerij Handelsmaatschap's Downside Deviation of 5.89, mean deviation of 0.9926, and Risk Adjusted Performance of 0.022 to double-check if the risk estimate we provide is consistent with the expected return of 0.0195%. The firm shows a Beta (market volatility) of -0.42, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Brouwerij Handelsmaatschap are expected to decrease at a much lower rate. During the bear market, Brouwerij Handelsmaatschap is likely to outperform the market. Brouwerij Handelsmaatschap right now shows a risk of 2.41%. Please confirm Brouwerij Handelsmaatschap standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to decide if Brouwerij Handelsmaatschap will be following its price patterns.
Auto-correlation | 0.49 |
Average predictability
Brouwerij Handelsmaatschappij NV has average predictability. Overlapping area represents the amount of predictability between Brouwerij Handelsmaatschap time series from 8th of June 2023 to 4th of March 2024 and 4th of March 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 Brouwerij Handelsmaatschap price movement. The serial correlation of 0.49 indicates that about 49.0% of current Brouwerij Handelsmaatschap price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.49 | |
| Spearman Rank Test | 0.51 | |
| Residual Average | 0.0 | |
| Price Variance | 6773.58 |
Brouwerij Handelsmaatschap lagged returns against current returns
Autocorrelation, which is Brouwerij Handelsmaatschap 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 Brouwerij Handelsmaatschap's stock expected returns. We can calculate the autocorrelation of Brouwerij Handelsmaatschap returns to help us make a trade decision. For example, suppose you find that Brouwerij Handelsmaatschap 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 |
Brouwerij Handelsmaatschap 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 Brouwerij Handelsmaatschap stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Brouwerij Handelsmaatschap stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Brouwerij Handelsmaatschap stock over time.
Current vs Lagged Prices |
| Timeline |
Brouwerij Handelsmaatschap Lagged Returns
When evaluating Brouwerij Handelsmaatschap's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Brouwerij Handelsmaatschap stock have on its future price. Brouwerij Handelsmaatschap 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, Brouwerij Handelsmaatschap autocorrelation shows the relationship between Brouwerij Handelsmaatschap stock current value and its past values and can show if there is a momentum factor associated with investing in Brouwerij Handelsmaatschappij NV.
Regressed Prices |
| Timeline |
Pair Trading with Brouwerij Handelsmaatschap
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 Brouwerij Handelsmaatschap 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 Brouwerij Handelsmaatschap will appreciate offsetting losses from the drop in the long position's value.Moving against Brouwerij Stock
The ability to find closely correlated positions to Brouwerij Handelsmaatschap could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Brouwerij Handelsmaatschap 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 Brouwerij Handelsmaatschap - 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 Brouwerij Handelsmaatschappij NV to buy it.
The correlation of Brouwerij Handelsmaatschap 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 Brouwerij Handelsmaatschap moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Brouwerij Handelsmaatschap 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 Brouwerij Handelsmaatschap 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 Brouwerij Stock Analysis
When running Brouwerij Handelsmaatschap's price analysis, check to measure Brouwerij Handelsmaatschap'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 Brouwerij Handelsmaatschap is operating at the current time. Most of Brouwerij Handelsmaatschap's value examination focuses on studying past and present price action to predict the probability of Brouwerij Handelsmaatschap's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Brouwerij Handelsmaatschap's price. Additionally, you may evaluate how the addition of Brouwerij Handelsmaatschap to your portfolios can decrease your overall portfolio volatility.