Bmtc Group Stock Market Value
| GBT Stock | CAD 13.19 0.01 0.08% |
| Symbol | BMTC |
BMTC Group Price To Book Ratio
BMTC '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 BMTC'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 BMTC.
| 05/08/2023 |
| 11/28/2024 |
If you would invest 0.00 in BMTC on May 8, 2023 and sell it all today you would earn a total of 0.00 from holding BMTC Group or generate 0.0% return on investment in BMTC over 570 days. BMTC is related to or competes with Apple, European Residential, Canadian Utilities, International Tower, Northstar Clean, Walmart, and Journey Energy. BMTC Group Inc., through its subsidiary, Ameublements Tanguay Inc., manages and operates a retail network of furniture, ... More
BMTC 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 BMTC'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 BMTC Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.05 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 9.43 | |||
| Value At Risk | (3.03) | |||
| Potential Upside | 3.64 |
BMTC Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BMTC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BMTC's standard deviation. In reality, there are many statistical measures that can use BMTC historical prices to predict the future BMTC's volatility.| Risk Adjusted Performance | 0.0263 | |||
| Jensen Alpha | 0.05 | |||
| Total Risk Alpha | (0.24) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | (0.38) |
BMTC Group Backtested Returns
BMTC Group secures Sharpe Ratio (or Efficiency) of -0.0179, which signifies that the company had a -0.0179% return per unit of volatility over the last 3 months. BMTC Group exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm BMTC's risk adjusted performance of 0.0263, and Mean Deviation of 1.19 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0996, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning BMTC are expected to decrease at a much lower rate. During the bear market, BMTC is likely to outperform the market. At this point, BMTC Group has a negative expected return of -0.0286%. Please make sure to confirm BMTC's semi variance, and the relationship between the maximum drawdown and daily balance of power , to decide if BMTC Group performance from the past will be repeated at future time.
Auto-correlation | 0.41 |
Average predictability
BMTC Group has average predictability. Overlapping area represents the amount of predictability between BMTC time series from 8th of May 2023 to 17th of February 2024 and 17th of February 2024 to 28th 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 BMTC Group price movement. The serial correlation of 0.41 indicates that just about 41.0% of current BMTC price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.41 | |
| Spearman Rank Test | 0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 0.21 |
BMTC Group lagged returns against current returns
Autocorrelation, which is BMTC 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 BMTC's stock expected returns. We can calculate the autocorrelation of BMTC returns to help us make a trade decision. For example, suppose you find that BMTC 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 |
BMTC 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 BMTC stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BMTC stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BMTC stock over time.
Current vs Lagged Prices |
| Timeline |
BMTC Lagged Returns
When evaluating BMTC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BMTC stock have on its future price. BMTC 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, BMTC autocorrelation shows the relationship between BMTC stock current value and its past values and can show if there is a momentum factor associated with investing in BMTC Group.
Regressed Prices |
| Timeline |
Pair Trading with BMTC
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 BMTC 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 BMTC will appreciate offsetting losses from the drop in the long position's value.Moving against BMTC Stock
The ability to find closely correlated positions to BMTC could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BMTC 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 BMTC - 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 BMTC Group to buy it.
The correlation of BMTC 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 BMTC moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BMTC Group 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 BMTC 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 BMTC Stock
BMTC financial ratios help investors to determine whether BMTC 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 BMTC with respect to the benefits of owning BMTC security.