Beijing Quanshi (China) Market Value
| 002995 Stock | 24.29 0.48 1.94% |
| Symbol | Beijing |
Beijing Quanshi '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 Quanshi'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 Quanshi.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in Beijing Quanshi on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding Beijing Quanshi World or generate 0.0% return on investment in Beijing Quanshi over 30 days. Beijing Quanshi is related to or competes with Great Sun, China Nonferrous, V V, Zhejiang Yayi, Xinjiang Baodi, Sino Platinum, and Huafa Industrial. Beijing Quanshi is entity of China. It is traded as Stock on SHE exchange. More
Beijing Quanshi 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 Quanshi'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 Quanshi World upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.77 | |||
| Information Ratio | 0.1764 | |||
| Maximum Drawdown | 20.01 | |||
| Value At Risk | (7.53) | |||
| Potential Upside | 10.01 |
Beijing Quanshi Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Beijing Quanshi's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Beijing Quanshi's standard deviation. In reality, there are many statistical measures that can use Beijing Quanshi historical prices to predict the future Beijing Quanshi's volatility.| Risk Adjusted Performance | 0.1531 | |||
| Jensen Alpha | 1.27 | |||
| Total Risk Alpha | 0.2082 | |||
| Sortino Ratio | 0.194 | |||
| Treynor Ratio | (0.51) |
Beijing Quanshi World Backtested Returns
Beijing Quanshi is slightly risky given 3 months investment horizon. Beijing Quanshi World secures Sharpe Ratio (or Efficiency) of 0.22, which signifies that the company had a 0.22% return per unit of risk over the last 3 months. We were able to analyze twenty-eight different technical indicators, which can help you to evaluate if expected returns of 1.23% are justified by taking the suggested risk. Use Beijing Quanshi Risk Adjusted Performance of 0.1531, downside deviation of 4.77, and Mean Deviation of 4.17 to evaluate company specific risk that cannot be diversified away. Beijing Quanshi holds a performance score of 17 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -2.05, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Beijing Quanshi are expected to decrease by larger amounts. On the other hand, during market turmoil, Beijing Quanshi is expected to outperform it. Use Beijing Quanshi market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to analyze future returns on Beijing Quanshi.
Auto-correlation | 0.69 |
Good predictability
Beijing Quanshi World has good predictability. Overlapping area represents the amount of predictability between Beijing Quanshi time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th 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 Quanshi World price movement. The serial correlation of 0.69 indicates that around 69.0% of current Beijing Quanshi price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.69 | |
| Spearman Rank Test | 0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 1.49 |
Beijing Quanshi World lagged returns against current returns
Autocorrelation, which is Beijing Quanshi 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 Quanshi's stock expected returns. We can calculate the autocorrelation of Beijing Quanshi returns to help us make a trade decision. For example, suppose you find that Beijing Quanshi 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 Quanshi 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 Quanshi stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Beijing Quanshi stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Beijing Quanshi stock over time.
Current vs Lagged Prices |
| Timeline |
Beijing Quanshi Lagged Returns
When evaluating Beijing Quanshi's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Beijing Quanshi stock have on its future price. Beijing Quanshi 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 Quanshi autocorrelation shows the relationship between Beijing Quanshi stock current value and its past values and can show if there is a momentum factor associated with investing in Beijing Quanshi World.
Regressed Prices |
| Timeline |
Also Currently Popular
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 Quanshi 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 Quanshi security.