BH Macro Limited

10-Year Study

BHMG.LSE · Financial Services · GB · Common Stock

Executive Summary: BH Macro Limited has compounded at 7.9% annually over the last 10 years, with a maximum drawdown of 28.9% and an annualized volatility of 24.8%.

1Y CAGR
+4.8%
3Y CAGR
+0.7%
5Y CAGR
+4.4%
10Y CAGR
+7.9%

History & Riski10-year historical performance analysis including CAGR, Max Drawdown, Sharpe & Sortino ratios, annual returns, and rolling volatility — all computed from daily market data.

10-Year Growth of $10,000

Max DrawdownMax DrawdownThe largest peak-to-trough decline in the asset's value over the measurement period.Click for full definition →
28.9%
Sharpe RatioSharpe RatioRisk-adjusted return: how much excess return you earn per unit of total risk (volatility).Click for full definition →
0.30
Sortino RatioSortino RatioLike Sharpe, but only penalizes downside volatility — a more accurate risk measure for asymmetric return distributions.Click for full definition →
0.63
Ann. VolatilityAnnualized VolatilityThe annualized standard deviation of an asset's returns — a measure of how much prices fluctuate.Click for full definition →
13.3%
Best YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2020 · +34.9%
Worst YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2023 · -18.3%
% Positive Years% Positive YearsThe percentage of calendar years in the measurement period where the asset delivered a positive return.Click for full definition →
70%

Annual Returns

Rolling 12-Month Returns

Rolling 12-Month Annualised Volatility

Historical Drawdowns

Monthly Returns

Monthly Returns Heatmap

YearJanFebMarAprMayJunJulAugSepOctNovDecAnn.
20263.84.6-2.8-1.2————————4.3%
2025-3.8-1.8-2.24.41.8-1.40.9-1.90.63.4-2.00.5-1.7%
2024-1.0-4.3-4.27.91.11.94.4-5.52.53.54.40.210.6%
2023-2.32.2-6.50.0-2.6-9.9-2.3-2.81.92.3-3.44.6-18.3%
20222.1-1.68.24.4-0.83.46.00.20.21.1-1.6-2.720.1%
2021-5.4-0.90.0-1.83.70.65.01.4-1.40.67.0-2.16.2%
20201.10.414.010.62.42.6-4.60.97.8-0.5-3.20.334.9%
20194.2-2.3-3.62.22.513.6-2.94.3-2.7-2.9-0.4-0.810.4%
20181.5-1.0-0.8-1.95.32.22.42.11.06.00.20.218.3%
2017-2.02.1-0.70.2-3.8-6.23.80.7-1.9-1.32.11.0-6.3%
2016———-3.00.80.5-0.8-3.71.1-0.610.82.26.6%

Risk X-RayiA 19-factor macroeconomic risk decomposition showing exactly which market forces (equity beta, rates, inflation, credit, commodity, crypto) drive this asset's volatility. Powered by multivariate regression against daily factor returns.

Risk Profile Insight: This asset has an estimated annualized volatility of 24.8%. The dominant macroeconomic risk driver is SHV.US, accounting for 73.3% of variance. Idiosyncratic stock-specific factors contribute 15.1%.

10-Year Historical Price Series (Growth of $10,000)
DateSimulated Value
2016-03-0110000
2016-04-019695.152423788106
2016-05-019775.11244377811
2016-06-019820.089955022488
2016-07-019740.129935032484
2016-08-019375.312343828085
2016-09-019475.262368815593
2016-10-019420.289855072464
2016-11-0110434.782608695654
2016-12-0110664.667666166919
2017-01-0110449.775112443778
2017-02-0110669.665167416291
2017-03-0110594.702648675662
2017-04-0110614.692653673163
2017-05-0110209.895052473763
2017-06-019572.713643178413
2017-07-019940.029985007497
2017-08-0110009.99500249875
2017-09-019820.089955022488
2017-10-019695.152423788106
2017-11-019895.052473763119
2017-12-019995.002498750624
2018-01-0110144.927536231884
2018-02-0110044.977511244377
2018-03-019965.017491254373
2018-04-019775.11244377811
2018-05-0110294.852573713144
2018-06-0110519.740129935033
2018-07-0110769.615192403799
2018-08-0110994.502748625688
2018-09-0111106.946526736632
2018-10-0111769.11544227886
2018-11-0111794.102948525737
2018-12-0111819.090454772613
2019-01-0112318.840579710146
2019-02-0112031.484257871065
2019-03-0111594.202898550726
2019-04-0111844.07796101949
2019-05-0112143.92803598201
2019-06-0113793.103448275862
2019-07-0113393.303348325839
2019-08-0113968.015992003999
2019-09-0113593.20339830085
2019-10-0113193.403298350826
2019-11-0113143.428285857073
2019-12-0113043.478260869566
2020-01-0113193.403298350826
2020-02-0113243.378310844579
2020-03-0115092.453773113444
2020-04-0116691.654172913542
2020-05-0117091.454272863568
2020-06-0117541.229385307346
2020-07-0116741.629185407295
2020-08-0116891.554222888557
2020-09-0118215.892053973013
2020-10-0118115.942028985508
2020-11-0117541.229385307346
2020-12-0117591.2043978011
2021-01-0116641.67916041979
2021-02-0116491.75412293853
2021-03-0116491.75412293853
2021-04-0116191.904047976013
2021-05-0116791.604197901048
2021-06-0116891.554222888557
2021-07-0117741.12943528236
2021-08-0117991.004497751124
2021-09-0117741.12943528236
2021-10-0117841.079460269866
2021-11-0119090.454772613695
2021-12-0118690.65467266367
2022-01-0119090.454772613695
2022-02-0118790.604697651175
2022-03-0120339.83008495752
2022-04-0121239.380309845077
2022-05-0121064.46776611694
2022-06-0121789.105447276364
2022-07-0123088.455772113946
2022-08-0123138.4307846077
2022-09-0123188.40579710145
2022-10-0123438.28085957022
2022-11-0123063.468265867068
2022-12-0122438.780609695154
2023-01-0121914.042978510744
2023-02-0122388.8055972014
2023-03-0120939.530234882557
2023-04-0120939.530234882557
2023-05-0120389.805097451273
2023-06-0118365.81709145427
2023-07-0117941.02948525737
2023-08-0117441.27936031984
2023-09-0117766.116941529235
2023-10-0118165.91704147926
2023-11-0117541.229385307346
2023-12-0118340.829585207397
2024-01-0118165.91704147926
2024-02-0117391.304347826088
2024-03-0116666.666666666668
2024-04-0117991.004497751124
2024-05-0118190.904547726135
2024-06-0118540.729635182408
2024-07-0119365.317341329337
2024-08-0118290.854572713644
2024-09-0118740.629685157423
2024-10-0119390.30484757621
2024-11-0120239.880059970015
2024-12-0120289.855072463768
2025-01-0119515.242378810595
2025-02-0119165.417291354323
2025-03-0118740.629685157423
2025-04-0119565.217391304348
2025-05-0119915.04247876062
2025-06-0119640.179910044975
2025-07-0119815.09245377311
2025-08-0119440.279860069968
2025-09-0119565.217391304348
2025-10-0120239.880059970015
2025-11-0119840.07996001999
2025-12-0119940.029985007495
2026-01-0120689.655172413793
2026-02-0121639.180409795103
2026-03-0121039.480259870066
2026-04-0120789.6051974013
Annual Return Matrix
YearAnnual Return
2017-0.0627928772258669
20180.1825000000000001
20190.10359408033826645
20200.3486590038314177
20210.0625
20220.20053475935828868
2023-0.18262806236080176
20240.10626702997275195
2025-0.017241379310344862
20260.04260651629072676
Total Factor Risk
0.24772047765842725
VTI.US Exposure
0.0626953798254722
VEA.US Exposure
0.004564695405659056
VWO.US Exposure
-0.0028860017007770575
QQQ.US Exposure
-0.006859122816330605
VTV.US Exposure
-0.002870922804112806
IJR.US Exposure
-0.0012232634628685645
QUAL.US Exposure
-0.0037323359038206666
SHV.US Exposure
0.7331188480255199
TLT.US Exposure
-0.0058463484381526916
LQD.US Exposure
0.04290231996266508
HYG.US Exposure
-0.00322289701444741
GLD.US Exposure
-0.0013705262944329673
USO.US Exposure
0.0038860240374356952
VNQ.US Exposure
0.006713836422035551
BTC-USD.CC Exposure
0.0014917300850249655
CPER.US Exposure
0.012583392219742794
VIX.INDX Exposure
0.00027404243306068947
UUP.US Exposure
0.002057502958594293
TIP.US Exposure
0.00662818347582204
Idiosyncratic Exposure
0.15109546358391066
Value Score
45.1
Growth Score
50
Profit Score
37.5
Health Score
23.6
Yield Score
0
Moat Score
40

Factor Risk Decomposition

Share of annualised volatility attributable to each macro factor.

Total Est. Vol
24.8%

FundamentalsiCompany financial health metrics: P/E valuation, dividend yield, Piotroski F-Score (9-point profitability signal), Altman Z-Score (bankruptcy risk proxy), and a radar chart across 6 fundamental dimensions. Note: ETFs may show N/A for some metrics.

Fundamental Dimensions

Core Valuation

P/E Ratio (TTM)P/E RatioPrice-to-Earnings ratio — the market price of a stock divided by its earnings per share, a key valuation measure.Click for full definition →12.2x
Dividend YieldDividend YieldAnnual dividend paid per share divided by the current share price — expressed as a percentage income return.Click for full definition →0.00%
Market Cap$1.4B
Piotroski F-ScorePiotroski F-ScoreA 9-point scoring system evaluating a company's financial strength across profitability, leverage, and operating efficiency.Click for full definition →
9-point profitability signal
0.0/ 9
Weak
Altman Z-ScoreAltman Z-ScoreA bankruptcy prediction model that combines 5 financial ratios into a single score indicating financial distress risk.Click for full definition →
Bankruptcy risk proxy
1.18
Distress Zone
Income Simulation

Based on $10,000 initial investment.

Total Income Generated
$0
Avg Yield on Cost
0.00%

Momentum & MacroiPrice momentum indicators relative to key technical levels: distance from 50-Day SMA (intermediate trend), 200-Day SMA (long-term trend), 52-Week High (bullish proximity), and Beta (market sensitivity coefficient).

vs 50-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
-2.3%
Above/below 50-day moving average
vs 200-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
+2.6%
Above/below 200-day moving average
vs 52-Week High52-Week HighThe highest price an asset reached in the past 52 weeks — a key reference for momentum and valuation context.Click for full definition →
6.3% from high
Distance from 52-week high
BetaBetaA measure of an asset's sensitivity to broad market movements relative to a benchmark (e.g. S&P 500).Click for full definition →
-0.16
Market sensitivity coefficient

Frequently Asked Questions & Methodology

Is BH Macro Limited a high-risk investment?

BH Macro Limited (BHMG.LSE) has an annualized volatility of 24.8% and experienced a maximum drawdown of 28.9% over the last 10 years. Its primary macro risk driver is SHV.US.

What is the 10-year return of BHMG.LSE?

Over the past 10 years, BHMG.LSE has generated a Compound Annual Growth Rate (CAGR) of 7.9%. It has had a positive return in 70% of the years measured.

Data Methodology & Trust

The risk and return information on this page is pre-calculated mathematically using daily market data spanning a 10-year period. Fundamentals (such as P/E Ratio, Market Cap, and Dividend Yield) represent trailing averages and may not immediately reflect real-time live market fluctuations. Advanced scoring models like the Piotroski F-Score and Altman Z-Score are proxies applied to publicly available trailing-twelve-month financial statements and may not account for recent off-balance-sheet events, qualitative company shifts, or sector-specific capital structures. Macroeconomic factor exposures are estimated via multivariate regression against standard market indices. This data is provided for quantitative insight and backtesting research, and should not be misconstrued as tailored financial advice.

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