BYD's market value is the price at which a share of BYD trades on a public exchange. It measures the collective expectations of BYD Co investors about its performance. BYD is selling for under 35.60 as of the 18th of January 2025; that is 9.74% up since the beginning of the trading day. The stock's lowest day price was 29.5. With this module, you can estimate the performance of a buy and hold strategy of BYD Co and determine expected loss or profit from investing in BYD over a given investment horizon. Check out BYD Correlation, BYD Volatility and BYD Alpha and Beta module to complement your research on BYD.
Please note, there is a significant difference between BYD's value and its price as these two are different measures arrived at by different means. Investors typically determine if BYD is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, BYD's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
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.
0.00
12/19/2024
No Change 0.00
0.0
In 31 days
01/18/2025
0.00
If you would invest 0.00 in BYD on December 19, 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 GlobalData PLC, Zoom Video, Gamma Communications, Extra Space, Tyson Foods, Roebuck Food, and Ebro Foods. 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.
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.
BYD appears to be not too volatile, given 3 months investment horizon. BYD Co secures Sharpe Ratio (or Efficiency) of 0.0396, which signifies that the company had a 0.0396% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for BYD Co, which you can use to evaluate the volatility of the firm. Please makes use of BYD's Downside Deviation of 6.66, mean deviation of 3.29, and Risk Adjusted Performance of 0.0551 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, BYD holds a performance score of 3. The firm shows a Beta (market volatility) of 0.13, which signifies not very significant fluctuations relative to the market. As returns on the market increase, BYD's returns are expected to increase less than the market. However, during the bear market, the loss of holding BYD is expected to be smaller as well. Please check BYD's mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether BYD's price patterns will revert.
Auto-correlation
0.21
Weak predictability
BYD Co has weak predictability. Overlapping area represents the amount of predictability between BYD time series from 19th of December 2024 to 3rd of January 2025 and 3rd of January 2025 to 18th of January 2025. 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 0.21 indicates that over 21.0% of current BYD price fluctuation can be explain by its past prices.
Correlation Coefficient
0.21
Spearman Rank Test
-0.08
Residual Average
0.0
Price Variance
3.12
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.
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.