BIFIDO Co (Korea) Market Value
| 238200 Stock | 5,360 60.00 1.11% |
| Symbol | BIFIDO |
BIFIDO 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 BIFIDO 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 BIFIDO Co.
| 05/17/2022 |
| 05/06/2024 |
If you would invest 0.00 in BIFIDO Co on May 17, 2022 and sell it all today you would earn a total of 0.00 from holding BIFIDO Co or generate 0.0% return on investment in BIFIDO Co over 720 days. BIFIDO Co is related to or competes with Infinitt Healthcare, Daejung Chemicals, Vivozon Healthcare, Seoyon Topmetal, KCC Engineering, Shinsegae Engineering, and Hyundai Engineering. More
BIFIDO 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 BIFIDO 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 BIFIDO Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.34 | |||
| Information Ratio | 0.0023 | |||
| Maximum Drawdown | 24.02 | |||
| Value At Risk | (3.09) | |||
| Potential Upside | 3.49 |
BIFIDO Co Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BIFIDO Co's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BIFIDO Co's standard deviation. In reality, there are many statistical measures that can use BIFIDO Co historical prices to predict the future BIFIDO Co's volatility.| Risk Adjusted Performance | 0.0264 | |||
| Jensen Alpha | 0.0784 | |||
| Total Risk Alpha | (0.25) | |||
| Sortino Ratio | 0.0028 | |||
| Treynor Ratio | (2.20) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of BIFIDO 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.
BIFIDO Co Backtested Returns
We consider BIFIDO Co very steady. BIFIDO Co secures Sharpe Ratio (or Efficiency) of 0.0469, which signifies that the company had a 0.0469% return per unit of risk over the last 3 months. We have found thirty technical indicators for BIFIDO Co, which you can use to evaluate the volatility of the firm. Please confirm BIFIDO Co's Risk Adjusted Performance of 0.0264, mean deviation of 1.74, and Downside Deviation of 2.34 to double-check if the risk estimate we provide is consistent with the expected return of 0.14%. BIFIDO Co has a performance score of 3 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.0345, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning BIFIDO Co are expected to decrease at a much lower rate. During the bear market, BIFIDO Co is likely to outperform the market. BIFIDO Co at this time shows a risk of 3.04%. Please confirm BIFIDO Co market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to decide if BIFIDO Co will be following its price patterns.
Auto-correlation | 0.17 |
Very weak predictability
BIFIDO Co has very weak predictability. Overlapping area represents the amount of predictability between BIFIDO Co time series from 17th of May 2022 to 12th of May 2023 and 12th of May 2023 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 BIFIDO Co price movement. The serial correlation of 0.17 indicates that over 17.0% of current BIFIDO Co price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.17 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 810.6 K |
BIFIDO Co lagged returns against current returns
Autocorrelation, which is BIFIDO 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 BIFIDO Co's stock expected returns. We can calculate the autocorrelation of BIFIDO Co returns to help us make a trade decision. For example, suppose you find that BIFIDO 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 |
BIFIDO 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 BIFIDO Co stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BIFIDO Co stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BIFIDO Co stock over time.
Current vs Lagged Prices |
| Timeline |
BIFIDO Co Lagged Returns
When evaluating BIFIDO Co's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BIFIDO Co stock have on its future price. BIFIDO 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, BIFIDO Co autocorrelation shows the relationship between BIFIDO Co stock current value and its past values and can show if there is a momentum factor associated with investing in BIFIDO Co.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Check out BIFIDO Co Correlation, BIFIDO Co Volatility and BIFIDO Co Alpha and Beta module to complement your research on BIFIDO Co. You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
Complementary Tools for BIFIDO Stock analysis
When running BIFIDO Co's price analysis, check to measure BIFIDO 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 BIFIDO Co is operating at the current time. Most of BIFIDO Co's value examination focuses on studying past and present price action to predict the probability of BIFIDO 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 BIFIDO Co's price. Additionally, you may evaluate how the addition of BIFIDO Co to your portfolios can decrease your overall portfolio volatility.
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BIFIDO 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.