BYD (UK) Market Value
| 0VSO Stock | 35.60 3.41 10.59% |
| Symbol | BYD |
BYD '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 BYD'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 BYD.
| 10/25/2024 |
| 11/24/2024 |
If you would invest 0.00 in BYD on October 25, 2024 and sell it all today you would earn a total of 0.00 from holding BYD Co or generate 0.0% return on investment in BYD over 30 days. BYD is related to or competes with Samsung Electronics, Samsung Electronics, Hyundai, Toyota, Reliance Industries, SoftBank Group, and Hon Hai. BYD is entity of United Kingdom. It is traded as Stock on LSE exchange. More
BYD 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 BYD'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 BYD Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 12.78 | |||
| Information Ratio | 0.0415 | |||
| Maximum Drawdown | 59.25 | |||
| Value At Risk | (22.78) | |||
| Potential Upside | 27.28 |
BYD Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BYD's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BYD's standard deviation. In reality, there are many statistical measures that can use BYD historical prices to predict the future BYD's volatility.| Risk Adjusted Performance | 0.0502 | |||
| Jensen Alpha | 0.7053 | |||
| Total Risk Alpha | (1.17) | |||
| Sortino Ratio | 0.036 | |||
| Treynor Ratio | (0.56) |
BYD Co Backtested Returns
BYD is somewhat reliable given 3 months investment horizon. BYD Co secures Sharpe Ratio (or Efficiency) of 0.0945, which signifies that the company had a 0.0945% return per unit of risk over the last 3 months. We are able to interpolate and collect thirty different technical indicators, which can help you to evaluate if expected returns of 1.01% are justified by taking the suggested risk. Use BYD Downside Deviation of 12.78, risk adjusted performance of 0.0502, and Mean Deviation of 6.06 to evaluate company specific risk that cannot be diversified away. BYD holds a performance score of 7 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -1.03, which signifies a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning BYD are expected to decrease slowly. On the other hand, during market turmoil, BYD is expected to outperform it slightly. Use BYD downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to analyze future returns on BYD.
Auto-correlation | 0.52 |
Modest predictability
BYD Co has modest predictability. Overlapping area represents the amount of predictability between BYD 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 BYD Co price movement. The serial correlation of 0.52 indicates that about 52.0% of current BYD price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.52 | |
| Spearman Rank Test | 0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 2.4 |
BYD Co lagged returns against current returns
Autocorrelation, which is BYD 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 BYD's stock expected returns. We can calculate the autocorrelation of BYD returns to help us make a trade decision. For example, suppose you find that BYD 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 |
BYD 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 BYD stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BYD stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BYD stock over time.
Current vs Lagged Prices |
| Timeline |
BYD Lagged Returns
When evaluating BYD's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BYD stock have on its future price. BYD 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, BYD autocorrelation shows the relationship between BYD stock current value and its past values and can show if there is a momentum factor associated with investing in BYD Co.
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.Additional Tools for BYD Stock Analysis
When running BYD's price analysis, check to measure BYD's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy BYD is operating at the current time. Most of BYD's value examination focuses on studying past and present price action to predict the probability of BYD's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move BYD's price. Additionally, you may evaluate how the addition of BYD to your portfolios can decrease your overall portfolio volatility.