Beijing HuaYuanYiTong (China) Market Value
| 002893 Stock | 11.56 0.75 6.09% |
| Symbol | Beijing |
Beijing HuaYuanYiTong '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 HuaYuanYiTong'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 HuaYuanYiTong.
| 10/25/2024 |
| 11/24/2024 |
If you would invest 0.00 in Beijing HuaYuanYiTong on October 25, 2024 and sell it all today you would earn a total of 0.00 from holding Beijing HuaYuanYiTong Thermal or generate 0.0% return on investment in Beijing HuaYuanYiTong over 30 days. Beijing HuaYuanYiTong is related to or competes with China Petroleum, PetroChina, China State, China Railway, China Railway, China Mobile, and Industrial. Beijing HuaYuanYiTong is entity of China More
Beijing HuaYuanYiTong 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 HuaYuanYiTong'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 HuaYuanYiTong Thermal upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.85 | |||
| Information Ratio | 0.11 | |||
| Maximum Drawdown | 19.1 | |||
| Value At Risk | (3.72) | |||
| Potential Upside | 6.05 |
Beijing HuaYuanYiTong Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Beijing HuaYuanYiTong's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Beijing HuaYuanYiTong's standard deviation. In reality, there are many statistical measures that can use Beijing HuaYuanYiTong historical prices to predict the future Beijing HuaYuanYiTong's volatility.| Risk Adjusted Performance | 0.1225 | |||
| Jensen Alpha | 0.5814 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.127 | |||
| Treynor Ratio | (0.60) |
Beijing HuaYuanYiTong Backtested Returns
Beijing HuaYuanYiTong appears to be somewhat reliable, given 3 months investment horizon. Beijing HuaYuanYiTong 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 HuaYuanYiTong's technical indicators, you can evaluate if the expected return of 0.66% is justified by implied risk. Please makes use of Beijing HuaYuanYiTong's Downside Deviation of 2.85, mean deviation of 2.33, and Risk Adjusted Performance of 0.1225 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Beijing HuaYuanYiTong holds a performance score of 15. The firm shows a Beta (market volatility) of -0.81, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Beijing HuaYuanYiTong are expected to decrease at a much lower rate. During the bear market, Beijing HuaYuanYiTong is likely to outperform the market. Please check Beijing HuaYuanYiTong'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 HuaYuanYiTong's price patterns will revert.
Auto-correlation | -0.77 |
Almost perfect reverse predictability
Beijing HuaYuanYiTong Thermal has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Beijing HuaYuanYiTong time series from 25th of October 2024 to 9th of November 2024 and 9th of November 2024 to 24th of November 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 HuaYuanYiTong price movement. The serial correlation of -0.77 indicates that around 77.0% of current Beijing HuaYuanYiTong price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.77 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
Beijing HuaYuanYiTong lagged returns against current returns
Autocorrelation, which is Beijing HuaYuanYiTong 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 HuaYuanYiTong's stock expected returns. We can calculate the autocorrelation of Beijing HuaYuanYiTong returns to help us make a trade decision. For example, suppose you find that Beijing HuaYuanYiTong 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 HuaYuanYiTong 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 HuaYuanYiTong stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Beijing HuaYuanYiTong stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Beijing HuaYuanYiTong stock over time.
Current vs Lagged Prices |
| Timeline |
Beijing HuaYuanYiTong Lagged Returns
When evaluating Beijing HuaYuanYiTong's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Beijing HuaYuanYiTong stock have on its future price. Beijing HuaYuanYiTong 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 HuaYuanYiTong autocorrelation shows the relationship between Beijing HuaYuanYiTong stock current value and its past values and can show if there is a momentum factor associated with investing in Beijing HuaYuanYiTong Thermal.
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 HuaYuanYiTong 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 HuaYuanYiTong security.