BMT Co (Korea) Market Value
| 086670 Stock | KRW 13,320 210.00 1.55% |
| Symbol | BMT |
BMT Co '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 BMT Co'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 BMT Co.
| 04/06/2024 |
| 05/06/2024 |
If you would invest 0.00 in BMT Co on April 6, 2024 and sell it all today you would earn a total of 0.00 from holding BMT Co or generate 0.0% return on investment in BMT Co over 30 days. BMT Co is related to or competes with Korea New, ICD Co, and Busan Industrial. BMT Co., Ltd. manufactures and sells industrial fittings and valves for various industrial fields in Korea More
BMT Co 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 BMT Co'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 BMT Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.7 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 23.1 | |||
| Value At Risk | (2.72) | |||
| Potential Upside | 2.46 |
BMT Co Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BMT Co's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BMT Co's standard deviation. In reality, there are many statistical measures that can use BMT Co historical prices to predict the future BMT Co's volatility.| Risk Adjusted Performance | 0.0156 | |||
| Jensen Alpha | 0.0316 | |||
| Total Risk Alpha | (0.27) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | (0.22) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of BMT Co's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
BMT Co Backtested Returns
We consider BMT Co very steady. BMT Co secures Sharpe Ratio (or Efficiency) of 0.0342, which signifies that the company had a 0.0342% return per unit of volatility over the last 3 months. We have found twenty-nine technical indicators for BMT Co, which you can use to evaluate the volatility of the firm. Please confirm BMT Co's risk adjusted performance of 0.0156, and Mean Deviation of 1.34 to double-check if the risk estimate we provide is consistent with the expected return of 0.0969%. BMT Co has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.11, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning BMT Co are expected to decrease at a much lower rate. During the bear market, BMT Co is likely to outperform the market. BMT Co currently shows a risk of 2.84%. Please confirm BMT Co standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to decide if BMT Co will be following its price patterns.
Auto-correlation | -0.74 |
Almost perfect reverse predictability
BMT Co has almost perfect reverse predictability. Overlapping area represents the amount of predictability between BMT Co time series from 6th of April 2024 to 21st of April 2024 and 21st of April 2024 to 6th of May 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 BMT Co price movement. The serial correlation of -0.74 indicates that around 74.0% of current BMT Co price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.74 | |
| Spearman Rank Test | -0.83 | |
| Residual Average | 0.0 | |
| Price Variance | 21.3 K |
BMT Co lagged returns against current returns
Autocorrelation, which is BMT Co 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 BMT Co's stock expected returns. We can calculate the autocorrelation of BMT Co returns to help us make a trade decision. For example, suppose you find that BMT Co 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 |
BMT Co 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 BMT Co stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BMT Co stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BMT Co stock over time.
Current vs Lagged Prices |
| Timeline |
BMT Co Lagged Returns
When evaluating BMT Co's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BMT Co stock have on its future price. BMT Co 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, BMT Co autocorrelation shows the relationship between BMT Co stock current value and its past values and can show if there is a momentum factor associated with investing in BMT Co.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Check out BMT Co Correlation, BMT Co Volatility and BMT Co Alpha and Beta module to complement your research on BMT Co. Note that the BMT Co information on this page should be used as a complementary analysis to other BMT Co's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
Complementary Tools for BMT Stock analysis
When running BMT Co's price analysis, check to measure BMT Co'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 BMT Co is operating at the current time. Most of BMT Co's value examination focuses on studying past and present price action to predict the probability of BMT Co's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move BMT Co's price. Additionally, you may evaluate how the addition of BMT Co to your portfolios can decrease your overall portfolio volatility.
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BMT Co technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.