Beijing UniStrong (China) Market Value
| 002383 Stock | 10.83 0.26 2.46% |
| 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.
| 12/19/2023 |
| 12/13/2024 |
If you would invest 0.00 in Beijing UniStrong on December 19, 2023 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 360 days. Beijing UniStrong is related to or competes with Lootom Telcovideo, Cultural Investment, China Railway, Sinomach General, Nuode Investment, Xingguang Agricultural, and Henan Shuanghui. 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.
| Downside Deviation | 4.64 | |||
| Information Ratio | 0.1879 | |||
| Maximum Drawdown | 20.04 | |||
| Value At Risk | (7.94) | |||
| Potential Upside | 10.0 |
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 | 0.1623 | |||
| Jensen Alpha | 0.9887 | |||
| Total Risk Alpha | 0.3262 | |||
| Sortino Ratio | 0.1903 | |||
| Treynor Ratio | (20.80) |
Beijing UniStrong Science Backtested Returns
Beijing UniStrong is slightly risky given 3 months investment horizon. Beijing UniStrong Science secures Sharpe Ratio (or Efficiency) of 0.27, which signifies that the company had a 0.27% 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 1.23% are justified by taking the suggested risk. Use Beijing UniStrong Risk Adjusted Performance of 0.1623, downside deviation of 4.64, and Mean Deviation of 3.52 to evaluate company specific risk that cannot be diversified away. Beijing UniStrong holds a performance score of 21 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -0.0473, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Beijing UniStrong are expected to decrease at a much lower rate. During the bear market, Beijing UniStrong is likely to outperform the market. Use Beijing UniStrong semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to analyze future returns on Beijing UniStrong.
Auto-correlation | -0.44 |
Modest reverse predictability
Beijing UniStrong Science has modest reverse predictability. Overlapping area represents the amount of predictability between Beijing UniStrong time series from 19th of December 2023 to 16th of June 2024 and 16th 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 UniStrong Science price movement. The serial correlation of -0.44 indicates that just about 44.0% of current Beijing UniStrong price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.44 | |
| Spearman Rank Test | -0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 2.06 |
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.