Beijing Shunxin (China) Market Value
| 000860 Stock | 20.33 0.65 3.10% |
| Symbol | Beijing |
Beijing Shunxin '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 Shunxin'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 Shunxin.
| 11/19/2023 |
| 12/13/2024 |
If you would invest 0.00 in Beijing Shunxin on November 19, 2023 and sell it all today you would earn a total of 0.00 from holding Beijing Shunxin Agriculture or generate 0.0% return on investment in Beijing Shunxin over 390 days. Beijing Shunxin is related to or competes with China Life, Cinda Securities, Piotech, Dongxing Sec, Shanghai OPM, National Silicon, and China Molybdenum. Beijing Shunxin is entity of China. It is traded as Stock on SHE exchange. More
Beijing Shunxin 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 Shunxin'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 Shunxin Agriculture upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.0 | |||
| Information Ratio | 0.14 | |||
| Maximum Drawdown | 20.0 | |||
| Value At Risk | (3.73) | |||
| Potential Upside | 9.08 |
Beijing Shunxin Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Beijing Shunxin's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Beijing Shunxin's standard deviation. In reality, there are many statistical measures that can use Beijing Shunxin historical prices to predict the future Beijing Shunxin's volatility.| Risk Adjusted Performance | 0.1334 | |||
| Jensen Alpha | 0.5267 | |||
| Total Risk Alpha | 0.1013 | |||
| Sortino Ratio | 0.1586 | |||
| Treynor Ratio | 1.14 |
Beijing Shunxin Agri Backtested Returns
Beijing Shunxin appears to be not too volatile, given 3 months investment horizon. Beijing Shunxin Agri secures Sharpe Ratio (or Efficiency) of 0.19, which signifies that the company had a 0.19% return per unit of risk over the last 3 months. By analyzing Beijing Shunxin's technical indicators, you can evaluate if the expected return of 0.69% is justified by implied risk. Please makes use of Beijing Shunxin's Risk Adjusted Performance of 0.1334, mean deviation of 2.38, and Downside Deviation of 3.0 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Beijing Shunxin holds a performance score of 15. The firm shows a Beta (market volatility) of 0.51, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Beijing Shunxin's returns are expected to increase less than the market. However, during the bear market, the loss of holding Beijing Shunxin is expected to be smaller as well. Please check Beijing Shunxin'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 Shunxin's price patterns will revert.
Auto-correlation | 0.09 |
Virtually no predictability
Beijing Shunxin Agriculture has virtually no predictability. Overlapping area represents the amount of predictability between Beijing Shunxin time series from 19th of November 2023 to 1st of June 2024 and 1st of June 2024 to 13th of December 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 Shunxin Agri price movement. The serial correlation of 0.09 indicates that less than 9.0% of current Beijing Shunxin price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.09 | |
| Spearman Rank Test | -0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 2.56 |
Beijing Shunxin Agri lagged returns against current returns
Autocorrelation, which is Beijing Shunxin 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 Shunxin's stock expected returns. We can calculate the autocorrelation of Beijing Shunxin returns to help us make a trade decision. For example, suppose you find that Beijing Shunxin 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 Shunxin 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 Shunxin stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Beijing Shunxin stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Beijing Shunxin stock over time.
Current vs Lagged Prices |
| Timeline |
Beijing Shunxin Lagged Returns
When evaluating Beijing Shunxin's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Beijing Shunxin stock have on its future price. Beijing Shunxin 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 Shunxin autocorrelation shows the relationship between Beijing Shunxin stock current value and its past values and can show if there is a momentum factor associated with investing in Beijing Shunxin Agriculture.
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 Beijing Stock
Beijing Shunxin 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 Shunxin security.