Socit BIC (France) Market Value
| BB Stock | EUR 61.60 0.20 0.32% |
| Symbol | Socit |
Socit BIC '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 Socit BIC'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 Socit BIC.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in Socit BIC on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding Socit BIC SA or generate 0.0% return on investment in Socit BIC over 30 days. Socit BIC is related to or competes with Imerys SA, Casino Guichard, SEB SA, Mtropole Tlvision, and Sodexo SA. Socit BIC SA manufactures and sells stationery, lighter, shaver, and other products in Europe, North and Latin America, ... More
Socit BIC 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 Socit BIC'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 Socit BIC SA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.02 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 15.47 | |||
| Value At Risk | (1.76) | |||
| Potential Upside | 1.2 |
Socit BIC Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Socit BIC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Socit BIC's standard deviation. In reality, there are many statistical measures that can use Socit BIC historical prices to predict the future Socit BIC's volatility.| Risk Adjusted Performance | 0.0221 | |||
| Jensen Alpha | 0.0909 | |||
| Total Risk Alpha | (0.27) | |||
| Sortino Ratio | (0.08) | |||
| Treynor Ratio | (0.06) |
Socit BIC SA Backtested Returns
At this point, Socit BIC is very steady. Socit BIC SA owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0158, which indicates the firm had a 0.0158% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Socit BIC SA, which you can use to evaluate the volatility of the company. Please validate Socit BIC's Coefficient Of Variation of 4559.06, semi deviation of 0.9394, and Risk Adjusted Performance of 0.0221 to confirm if the risk estimate we provide is consistent with the expected return of 0.0305%. Socit BIC has a performance score of 1 on a scale of 0 to 100. The entity has a beta of -0.52, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Socit BIC are expected to decrease at a much lower rate. During the bear market, Socit BIC is likely to outperform the market. Socit BIC SA right now has a risk of 1.94%. Please validate Socit BIC information ratio, treynor ratio, and the relationship between the downside deviation and total risk alpha , to decide if Socit BIC will be following its existing price patterns.
Auto-correlation | 0.64 |
Good predictability
Socit BIC SA has good predictability. Overlapping area represents the amount of predictability between Socit BIC time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th of December 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 Socit BIC SA price movement. The serial correlation of 0.64 indicates that roughly 64.0% of current Socit BIC price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.64 | |
| Spearman Rank Test | 0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 0.27 |
Socit BIC SA lagged returns against current returns
Autocorrelation, which is Socit BIC 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 Socit BIC's stock expected returns. We can calculate the autocorrelation of Socit BIC returns to help us make a trade decision. For example, suppose you find that Socit BIC 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 |
Socit BIC 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 Socit BIC stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Socit BIC stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Socit BIC stock over time.
Current vs Lagged Prices |
| Timeline |
Socit BIC Lagged Returns
When evaluating Socit BIC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Socit BIC stock have on its future price. Socit BIC 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, Socit BIC autocorrelation shows the relationship between Socit BIC stock current value and its past values and can show if there is a momentum factor associated with investing in Socit BIC SA.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Socit Stock
Socit BIC financial ratios help investors to determine whether Socit 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 Socit with respect to the benefits of owning Socit BIC security.