Beijing Venustech (China) Market Value
| 002439 Stock | 17.18 0.53 3.18% |
| Symbol | Beijing |
Beijing Venustech '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 Venustech'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 Venustech.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Beijing Venustech on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Beijing Venustech or generate 0.0% return on investment in Beijing Venustech over 30 days. Beijing Venustech is related to or competes with Xiandai Investment, TongFu Microelectronics, Aurora Optoelectronics, Chengdu Xingrong, Hangzhou Prevail, and Huatian Hotel. Beijing Venustech is entity of China. It is traded as Stock on SHE exchange. More
Beijing Venustech 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 Venustech'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 Venustech upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.2 | |||
| Information Ratio | 0.1012 | |||
| Maximum Drawdown | 18.41 | |||
| Value At Risk | (4.92) | |||
| Potential Upside | 8.29 |
Beijing Venustech Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Beijing Venustech's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Beijing Venustech's standard deviation. In reality, there are many statistical measures that can use Beijing Venustech historical prices to predict the future Beijing Venustech's volatility.| Risk Adjusted Performance | 0.1154 | |||
| Jensen Alpha | 0.4705 | |||
| Total Risk Alpha | (0.10) | |||
| Sortino Ratio | 0.1103 | |||
| Treynor Ratio | 6.16 |
Beijing Venustech Backtested Returns
Beijing Venustech appears to be not too volatile, given 3 months investment horizon. Beijing Venustech secures Sharpe Ratio (or Efficiency) of 0.17, which signifies that the company had a 0.17% return per unit of risk over the last 3 months. By analyzing Beijing Venustech's technical indicators, you can evaluate if the expected return of 0.6% is justified by implied risk. Please makes use of Beijing Venustech's Mean Deviation of 2.57, risk adjusted performance of 0.1154, and Downside Deviation of 3.2 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Beijing Venustech holds a performance score of 13. The firm shows a Beta (market volatility) of 0.078, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Beijing Venustech's returns are expected to increase less than the market. However, during the bear market, the loss of holding Beijing Venustech is expected to be smaller as well. Please check Beijing Venustech'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 Venustech's price patterns will revert.
Auto-correlation | -0.75 |
Almost perfect reverse predictability
Beijing Venustech has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Beijing Venustech time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 Venustech price movement. The serial correlation of -0.75 indicates that around 75.0% of current Beijing Venustech price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.75 | |
| Spearman Rank Test | 0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.15 |
Beijing Venustech lagged returns against current returns
Autocorrelation, which is Beijing Venustech 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 Venustech's stock expected returns. We can calculate the autocorrelation of Beijing Venustech returns to help us make a trade decision. For example, suppose you find that Beijing Venustech 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 Venustech 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 Venustech stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Beijing Venustech stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Beijing Venustech stock over time.
Current vs Lagged Prices |
| Timeline |
Beijing Venustech Lagged Returns
When evaluating Beijing Venustech's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Beijing Venustech stock have on its future price. Beijing Venustech 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 Venustech autocorrelation shows the relationship between Beijing Venustech stock current value and its past values and can show if there is a momentum factor associated with investing in Beijing Venustech.
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 Venustech 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 Venustech security.