BECE Legend (China) Market Value
| 000803 Stock | 5.96 0.12 1.97% |
| Symbol | BECE |
BECE Legend '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 BECE Legend'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 BECE Legend.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in BECE Legend on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding BECE Legend Group or generate 0.0% return on investment in BECE Legend over 540 days. BECE Legend is related to or competes with Duzhe Publishing, JiShi Media, Xiwang Foodstuffs, Oriental Times, Ciwen Media, and Focus Media. BECE Legend is entity of China. It is traded as Stock on SHE exchange. More
BECE Legend 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 BECE Legend'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 BECE Legend Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.34 | |||
| Information Ratio | 0.2139 | |||
| Maximum Drawdown | 19.93 | |||
| Value At Risk | (5.88) | |||
| Potential Upside | 10.05 |
BECE Legend Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BECE Legend's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BECE Legend's standard deviation. In reality, there are many statistical measures that can use BECE Legend historical prices to predict the future BECE Legend's volatility.| Risk Adjusted Performance | 0.1942 | |||
| Jensen Alpha | 1.18 | |||
| Total Risk Alpha | 0.392 | |||
| Sortino Ratio | 0.2798 | |||
| Treynor Ratio | (0.93) |
BECE Legend Group Backtested Returns
BECE Legend is out of control given 3 months investment horizon. BECE Legend Group retains Efficiency (Sharpe Ratio) of 0.26, which signifies that the company had a 0.26% return per unit of risk over the last 3 months. We were able to analyze twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.18% are justified by taking the suggested risk. Use BECE Legend Group coefficient of variation of 412.12, and Market Risk Adjusted Performance of (0.92) to evaluate company specific risk that cannot be diversified away. BECE Legend holds a performance score of 20 on a scale of zero to a hundred. The firm owns a Beta (Systematic Risk) of -1.12, which signifies a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning BECE Legend are expected to decrease slowly. On the other hand, during market turmoil, BECE Legend is expected to outperform it slightly. Use BECE Legend Group mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to analyze future returns on BECE Legend Group.
Auto-correlation | -0.11 |
Insignificant reverse predictability
BECE Legend Group has insignificant reverse predictability. Overlapping area represents the amount of predictability between BECE Legend time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th 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 BECE Legend Group price movement. The serial correlation of -0.11 indicates that less than 11.0% of current BECE Legend price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.11 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.39 |
BECE Legend Group lagged returns against current returns
Autocorrelation, which is BECE Legend 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 BECE Legend's stock expected returns. We can calculate the autocorrelation of BECE Legend returns to help us make a trade decision. For example, suppose you find that BECE Legend 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 |
BECE Legend 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 BECE Legend stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BECE Legend stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BECE Legend stock over time.
Current vs Lagged Prices |
| Timeline |
BECE Legend Lagged Returns
When evaluating BECE Legend's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BECE Legend stock have on its future price. BECE Legend 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, BECE Legend autocorrelation shows the relationship between BECE Legend stock current value and its past values and can show if there is a momentum factor associated with investing in BECE Legend Group.
Regressed Prices |
| Timeline |
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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 BECE Stock
BECE Legend financial ratios help investors to determine whether BECE 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 BECE with respect to the benefits of owning BECE Legend security.