Beijing Mainstreets (China) Market Value
| 000609 Stock | 2.54 0.01 0.40% |
| Symbol | Beijing |
Beijing Mainstreets '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 Beijing Mainstreets' 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 Beijing Mainstreets.
| 09/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Beijing Mainstreets on September 27, 2024 and sell it all today you would earn a total of 0.00 from holding Beijing Mainstreets Investment or generate 0.0% return on investment in Beijing Mainstreets over 60 days. Beijing Mainstreets is related to or competes with Guizhou Chanhen, Shenzhen Noposion, Hunan Investment, Henan Shuanghui, Liuzhou Chemical, Metro Investment, and Luyin Investment. More
Beijing Mainstreets 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 Beijing Mainstreets' 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 Beijing Mainstreets Investment upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.66 | |||
| Information Ratio | 0.147 | |||
| Maximum Drawdown | 10.39 | |||
| Value At Risk | (5.11) | |||
| Potential Upside | 5.18 |
Beijing Mainstreets Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Beijing Mainstreets' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Beijing Mainstreets' standard deviation. In reality, there are many statistical measures that can use Beijing Mainstreets historical prices to predict the future Beijing Mainstreets' volatility.| Risk Adjusted Performance | 0.1474 | |||
| Jensen Alpha | 0.6692 | |||
| Total Risk Alpha | 0.0888 | |||
| Sortino Ratio | 0.1454 | |||
| Treynor Ratio | (4.12) |
Beijing Mainstreets Backtested Returns
Beijing Mainstreets appears to be very risky, given 3 months investment horizon. Beijing Mainstreets secures Sharpe Ratio (or Efficiency) of 0.18, which signifies that the company had a 0.18% return per unit of risk over the last 3 months. By analyzing Beijing Mainstreets' technical indicators, you can evaluate if the expected return of 0.66% is justified by implied risk. Please makes use of Beijing Mainstreets' Risk Adjusted Performance of 0.1474, mean deviation of 3.01, and Downside Deviation of 3.66 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Beijing Mainstreets holds a performance score of 14. The firm shows a Beta (market volatility) of -0.16, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Beijing Mainstreets are expected to decrease at a much lower rate. During the bear market, Beijing Mainstreets is likely to outperform the market. Please check Beijing Mainstreets' semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether Beijing Mainstreets' price patterns will revert.
Auto-correlation | 0.02 |
Virtually no predictability
Beijing Mainstreets Investment has virtually no predictability. Overlapping area represents the amount of predictability between Beijing Mainstreets time series from 27th of September 2024 to 27th of October 2024 and 27th of October 2024 to 26th of November 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 Beijing Mainstreets price movement. The serial correlation of 0.02 indicates that only 2.0% of current Beijing Mainstreets price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.02 | |
| Spearman Rank Test | 0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Beijing Mainstreets lagged returns against current returns
Autocorrelation, which is Beijing Mainstreets 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 Beijing Mainstreets' stock expected returns. We can calculate the autocorrelation of Beijing Mainstreets returns to help us make a trade decision. For example, suppose you find that Beijing Mainstreets 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 |
Beijing Mainstreets 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 Beijing Mainstreets stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Beijing Mainstreets stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Beijing Mainstreets stock over time.
Current vs Lagged Prices |
| Timeline |
Beijing Mainstreets Lagged Returns
When evaluating Beijing Mainstreets' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Beijing Mainstreets stock have on its future price. Beijing Mainstreets 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, Beijing Mainstreets autocorrelation shows the relationship between Beijing Mainstreets stock current value and its past values and can show if there is a momentum factor associated with investing in Beijing Mainstreets Investment.
Regressed Prices |
| Timeline |
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Beijing Mainstreets financial ratios help investors to determine whether Beijing 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 Beijing with respect to the benefits of owning Beijing Mainstreets security.