Beijing Shunxin (China) Market Value
| 000860 Stock | 17.12 0.01 0.06% |
| 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.
| 09/03/2024 |
| 01/31/2025 |
If you would invest 0.00 in Beijing Shunxin on September 3, 2024 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 150 days. Beijing Shunxin is related to or competes with Xinjiang Communications, Offshore Oil, State Grid, Bohai Leasing, Wuhan Yangtze, Bank of Communications, and Hangzhou Arcvideo. 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.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 15.76 | |||
| Value At Risk | (4.39) | |||
| Potential Upside | 2.74 |
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 | (0.02) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.34) | |||
| Treynor Ratio | (0.91) |
Beijing Shunxin Agri Backtested Returns
Beijing Shunxin Agri secures Sharpe Ratio (or Efficiency) of -0.0363, which signifies that the company had a -0.0363 % return per unit of risk over the last 3 months. Beijing Shunxin Agriculture exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Beijing Shunxin's Standard Deviation of 2.47, mean deviation of 1.75, and Risk Adjusted Performance of (0.02) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0826, which signifies not very significant fluctuations relative to the market. 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. At this point, Beijing Shunxin Agri has a negative expected return of -0.0884%. Please make sure to confirm Beijing Shunxin's coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if Beijing Shunxin Agri performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.3 |
Weak reverse predictability
Beijing Shunxin Agriculture has weak reverse predictability. Overlapping area represents the amount of predictability between Beijing Shunxin time series from 3rd of September 2024 to 17th of November 2024 and 17th of November 2024 to 31st of January 2025. 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 -0.3 indicates that nearly 30.0% of current Beijing Shunxin price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.3 | |
| Spearman Rank Test | -0.51 | |
| Residual Average | 0.0 | |
| Price Variance | 1.18 |
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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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.