Beijing UniStrong (China) Market Value
| 002383 Stock | 7.15 0.30 4.03% |
| Symbol | Beijing |
Beijing UniStrong '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 UniStrong'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 UniStrong.
| 09/03/2024 |
| 01/31/2025 |
If you would invest 0.00 in Beijing UniStrong on September 3, 2024 and sell it all today you would earn a total of 0.00 from holding Beijing UniStrong Science or generate 0.0% return on investment in Beijing UniStrong over 150 days. Beijing UniStrong is related to or competes with Ningbo Fangzheng, Liuzhou Chemical, Shandong Rike, Haima Automobile, Daoming OpticsChemical, Jiangsu Xinri, and Xiangyang Automobile. Beijing UniStrong is entity of China. It is traded as Stock on SHE exchange. More
Beijing UniStrong 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 UniStrong'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 UniStrong Science upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 20.01 | |||
| Value At Risk | (7.94) | |||
| Potential Upside | 9.95 |
Beijing UniStrong Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Beijing UniStrong's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Beijing UniStrong's standard deviation. In reality, there are many statistical measures that can use Beijing UniStrong historical prices to predict the future Beijing UniStrong's volatility.| Risk Adjusted Performance | 0.0054 | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.50) | |||
| Treynor Ratio | (0.04) |
Beijing UniStrong Science Backtested Returns
At this point, Beijing UniStrong is slightly risky. Beijing UniStrong Science secures Sharpe Ratio (or Efficiency) of close to zero, which signifies that the company had a close to zero % return per unit of risk over the last 3 months. We have found twenty-three technical indicators for Beijing UniStrong Science, which you can use to evaluate the volatility of the firm. Please confirm Beijing UniStrong's Risk Adjusted Performance of 0.0054, mean deviation of 3.38, and Standard Deviation of 4.42 to double-check if the risk estimate we provide is consistent with the expected return of 0.0319%. The firm shows a Beta (market volatility) of 0.63, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Beijing UniStrong's returns are expected to increase less than the market. However, during the bear market, the loss of holding Beijing UniStrong is expected to be smaller as well. Beijing UniStrong Science right now shows a risk of 4.45%. Please confirm Beijing UniStrong Science coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if Beijing UniStrong Science will be following its price patterns.
Auto-correlation | -0.52 |
Good reverse predictability
Beijing UniStrong Science has good reverse predictability. Overlapping area represents the amount of predictability between Beijing UniStrong 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 UniStrong Science price movement. The serial correlation of -0.52 indicates that about 52.0% of current Beijing UniStrong price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.52 | |
| Spearman Rank Test | -0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 1.27 |
Beijing UniStrong Science lagged returns against current returns
Autocorrelation, which is Beijing UniStrong 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 UniStrong's stock expected returns. We can calculate the autocorrelation of Beijing UniStrong returns to help us make a trade decision. For example, suppose you find that Beijing UniStrong 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 UniStrong 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 UniStrong stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Beijing UniStrong stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Beijing UniStrong stock over time.
Current vs Lagged Prices |
| Timeline |
Beijing UniStrong Lagged Returns
When evaluating Beijing UniStrong's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Beijing UniStrong stock have on its future price. Beijing UniStrong 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 UniStrong autocorrelation shows the relationship between Beijing UniStrong stock current value and its past values and can show if there is a momentum factor associated with investing in Beijing UniStrong Science.
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 UniStrong 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 UniStrong security.