Beijing Yuanlong (China) Market Value
| 002878 Stock | 16.12 1.47 10.03% |
| Symbol | Beijing |
Beijing Yuanlong '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 Yuanlong'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 Yuanlong.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Beijing Yuanlong on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Beijing Yuanlong Yato or generate 0.0% return on investment in Beijing Yuanlong over 720 days. Beijing Yuanlong is related to or competes with Tsingtao Brewery, Shuhua Sports, Zhejiang Daily, Ciwen Media, MayAir Technology, Inly Media, and Duzhe Publishing. Beijing Yuanlong is entity of China. It is traded as Stock on SHE exchange. More
Beijing Yuanlong 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 Yuanlong'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 Yuanlong Yato upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.95 | |||
| Information Ratio | 0.1508 | |||
| Maximum Drawdown | 20.05 | |||
| Value At Risk | (6.24) | |||
| Potential Upside | 9.39 |
Beijing Yuanlong Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Beijing Yuanlong's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Beijing Yuanlong's standard deviation. In reality, there are many statistical measures that can use Beijing Yuanlong historical prices to predict the future Beijing Yuanlong's volatility.| Risk Adjusted Performance | 0.149 | |||
| Jensen Alpha | 0.722 | |||
| Total Risk Alpha | 0.0612 | |||
| Sortino Ratio | 0.1565 | |||
| Treynor Ratio | 3.96 |
Beijing Yuanlong Yato Backtested Returns
Beijing Yuanlong appears to be somewhat reliable, given 3 months investment horizon. Beijing Yuanlong Yato 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 Yuanlong's technical indicators, you can evaluate if the expected return of 0.82% is justified by implied risk. Please makes use of Beijing Yuanlong's Risk Adjusted Performance of 0.149, downside deviation of 3.95, and Mean Deviation of 3.05 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Beijing Yuanlong holds a performance score of 15. The firm shows a Beta (market volatility) of 0.19, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Beijing Yuanlong's returns are expected to increase less than the market. However, during the bear market, the loss of holding Beijing Yuanlong is expected to be smaller as well. Please check Beijing Yuanlong's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether Beijing Yuanlong's price patterns will revert.
Auto-correlation | -0.1 |
Very weak reverse predictability
Beijing Yuanlong Yato has very weak reverse predictability. Overlapping area represents the amount of predictability between Beijing Yuanlong time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd 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 Yuanlong Yato price movement. The serial correlation of -0.1 indicates that less than 10.0% of current Beijing Yuanlong price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.1 | |
| Spearman Rank Test | 0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 6.17 |
Beijing Yuanlong Yato lagged returns against current returns
Autocorrelation, which is Beijing Yuanlong 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 Yuanlong's stock expected returns. We can calculate the autocorrelation of Beijing Yuanlong returns to help us make a trade decision. For example, suppose you find that Beijing Yuanlong 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 Yuanlong 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 Yuanlong stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Beijing Yuanlong stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Beijing Yuanlong stock over time.
Current vs Lagged Prices |
| Timeline |
Beijing Yuanlong Lagged Returns
When evaluating Beijing Yuanlong's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Beijing Yuanlong stock have on its future price. Beijing Yuanlong 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 Yuanlong autocorrelation shows the relationship between Beijing Yuanlong stock current value and its past values and can show if there is a momentum factor associated with investing in Beijing Yuanlong Yato.
Regressed Prices |
| Timeline |
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Beijing Yuanlong 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 Yuanlong security.