Beijing New (China) Market Value
| 000786 Stock | 28.41 0.04 0.14% |
| Symbol | Beijing |
Beijing New '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 New'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 Beijing New.
| 08/29/2024 |
| 11/27/2024 |
If you would invest 0.00 in Beijing New on August 29, 2024 and sell it all today you would earn a total of 0.00 from holding Beijing New Building or generate 0.0% return on investment in Beijing New over 90 days. Beijing New is related to or competes with PetroChina, China State, China Mobile, Industrial, China Life, Ping An, and China Construction. Beijing New is entity of China. It is traded as Stock on SHE exchange. More
Beijing New 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 New'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 Beijing New Building upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.57 | |||
| Information Ratio | 0.0347 | |||
| Maximum Drawdown | 17.03 | |||
| Value At Risk | (3.97) | |||
| Potential Upside | 5.53 |
Beijing New Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Beijing New's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Beijing New's standard deviation. In reality, there are many statistical measures that can use Beijing New historical prices to predict the future Beijing New's volatility.| Risk Adjusted Performance | 0.0677 | |||
| Jensen Alpha | 0.2926 | |||
| Total Risk Alpha | (0.24) | |||
| Sortino Ratio | 0.0398 | |||
| Treynor Ratio | (0.38) |
Beijing New Building Backtested Returns
Beijing New appears to be not too volatile, given 3 months investment horizon. Beijing New Building secures Sharpe Ratio (or Efficiency) of 0.0941, which signifies that the company had a 0.0941% return per unit of risk over the last 3 months. We have found thirty technical indicators for Beijing New Building, which you can use to evaluate the volatility of the firm. Please makes use of Beijing New's Downside Deviation of 2.57, risk adjusted performance of 0.0677, and Mean Deviation of 2.22 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Beijing New holds a performance score of 7. The firm shows a Beta (market volatility) of -0.58, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Beijing New are expected to decrease at a much lower rate. During the bear market, Beijing New is likely to outperform the market. Please check Beijing New's market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to make a quick decision on whether Beijing New's price patterns will revert.
Auto-correlation | -0.65 |
Very good reverse predictability
Beijing New Building has very good reverse predictability. Overlapping area represents the amount of predictability between Beijing New time series from 29th of August 2024 to 13th of October 2024 and 13th of October 2024 to 27th 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 New Building price movement. The serial correlation of -0.65 indicates that roughly 65.0% of current Beijing New price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.65 | |
| Spearman Rank Test | -0.51 | |
| Residual Average | 0.0 | |
| Price Variance | 1.09 |
Beijing New Building lagged returns against current returns
Autocorrelation, which is Beijing New 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 New's stock expected returns. We can calculate the autocorrelation of Beijing New returns to help us make a trade decision. For example, suppose you find that Beijing New 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 New 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 New stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Beijing New stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Beijing New stock over time.
Current vs Lagged Prices |
| Timeline |
Beijing New Lagged Returns
When evaluating Beijing New's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Beijing New stock have on its future price. Beijing New 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 New autocorrelation shows the relationship between Beijing New stock current value and its past values and can show if there is a momentum factor associated with investing in Beijing New Building.
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 Beijing Stock
Beijing New 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 New security.