Byd OTC Stock Market Value

BYDDF
 Stock
  

USD 21.90  0.80  3.52%   

Byd's market value is the price at which a share of Byd stock trades on a public exchange. It measures the collective expectations of Byd Ltd H investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Byd Ltd H and determine expected loss or profit from investing in Byd over a given investment horizon. Continue to Byd Correlation, Byd Volatility and Byd Alpha and Beta module to complement your research on Byd.
Symbol


Please note, there is a significant difference between Byd's value and its price as these two are different measures arrived at by different means. Investors typically determine Byd value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Byd's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Byd '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 Byd's otc 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 Byd.
0.00
12/02/2021
No Change 0.00  0.0 
In 11 months and 26 days
11/27/2022
0.00
If you would invest  0.00  in Byd on December 2, 2021 and sell it all today you would earn a total of 0.00 from holding Byd Ltd H or generate 0.0% return on investment in Byd over 360 days. Byd is related to or competes with RLX Technology. BYD Company Limited, together with its subsidiaries, engages in the research, development, manufacture, and sale of auto... More

Byd 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 Byd's otc 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 Byd Ltd H upside and downside potential and time the market with a certain degree of confidence.

Byd Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Byd's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Byd's standard deviation. In reality, there are many statistical measures that can use Byd historical prices to predict the future Byd's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Byd'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. Please use the tools below to analyze the current value of Byd in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
17.7721.2124.65
Details
Intrinsic
Valuation
LowReal ValueHigh
15.6919.1322.57
Details
Naive
Forecast
LowNext ValueHigh
17.3820.8224.26
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
21.8123.2424.71
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Byd. Your research has to be compared to or analyzed against Byd's peers to derive any actionable benefits. When done correctly, Byd's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Byd Ltd H.

Byd Ltd H Backtested Returns

Byd Ltd H secures Sharpe Ratio (or Efficiency) of -0.19, which signifies that the company had -0.19% of return per unit of standard deviation over the last 3 months. Macroaxis philosophy in foreseeing the risk of any stock is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. Byd Ltd H exposes twenty-eight different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Byd Ltd H risk adjusted performance of (0.24), and Mean Deviation of 2.72 to double-check the risk estimate we provide.
The firm shows a Beta (market volatility) of 0.8877, which signifies possible diversification benefits within a given portfolio. Let's try to break down what Byd's beta means in this case. Byd returns are very sensitive to returns on the market. As the market goes up or down, Byd is expected to follow. Even though it is essential to pay attention to Byd Ltd H historical returns, it is always good to be careful when utilizing equity current trending patterns. Our philosophy in foreseeing any stock's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Byd Ltd H exposes twenty-eight different technical indicators, which can help you to evaluate its performance. Byd Ltd H has an expected return of -0.66%. Please be advised to confirm Byd Ltd H treynor ratio, expected short fall, and the relationship between the jensen alpha and potential upside to decide if Byd Ltd H performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  0.47  

Average predictability

Byd Ltd H has average predictability. Overlapping area represents the amount of predictability between Byd time series from 2nd of December 2021 to 31st of May 2022 and 31st of May 2022 to 27th of November 2022. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Byd Ltd H price movement. The serial correlation of 0.47 indicates that about 47.0% of current Byd price fluctuation can be explain by its past prices.
Correlation Coefficient0.47
Spearman Rank Test0.48
Residual Average0.0
Price Variance38.38

Byd Ltd H lagged returns against current returns

Autocorrelation, which is Byd otc 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 Byd's otc stock expected returns. We can calculate the autocorrelation of Byd returns to help us make a trade decision. For example, suppose you find that Byd otc stock 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 stock movement to match the lagging time series.
   Current and Lagged Values   
Share
       Timeline  

Byd 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 Byd otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Byd otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Byd otc stock over time.
   Current vs Lagged Prices   
Share
       Timeline  

Byd Lagged Returns

When evaluating Byd's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Byd otc stock have on its future price. Byd 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, Byd autocorrelation shows the relationship between Byd otc stock current value and its past values and can show if there is a momentum factor associated with investing in Byd Ltd H.
   Regressed Prices   
Share
       Timeline  

Be your own money manager

Our tools can tell you how much better you can do entering a position in Byd without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Pair Trading with Byd

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 Byd 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 Byd will appreciate offsetting losses from the drop in the long position's value.

Moving together with Byd

+1.0BYDDYByd Company Sell-off TrendPairCorr

Moving against Byd

-0.71SGMLSigma Lithium Corp Sell-off TrendPairCorr
The ability to find closely correlated positions to Byd could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Byd 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 Byd - 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 Byd Ltd H to buy it.
The correlation of Byd is a statistical measure of how it moves in relation to other equities. 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 Byd moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Byd Ltd H 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 Byd 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.
Pair CorrelationCorrelation Matching
Continue to Byd Correlation, Byd Volatility and Byd Alpha and Beta module to complement your research on Byd. Note that the Byd Ltd H information on this page should be used as a complementary analysis to other Byd'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 Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.

Complementary Tools for Byd OTC Stock analysis

When running Byd Ltd H price analysis, check to measure Byd'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 Byd is operating at the current time. Most of Byd's value examination focuses on studying past and present price action to predict the probability of Byd's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Byd's price. Additionally, you may evaluate how the addition of Byd to your portfolios can decrease your overall portfolio volatility.
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Byd technical otc 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, otc market cycles, or different charting patterns.
A focus of Byd technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Byd trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...