Bingshan Refrigeration (China) Market Value
| 200530 Stock | 1.86 0.14 8.14% |
| Symbol | Bingshan |
Bingshan Refrigeration '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 Bingshan Refrigeration'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 Bingshan Refrigeration.
| 12/19/2023 |
| 12/13/2024 |
If you would invest 0.00 in Bingshan Refrigeration on December 19, 2023 and sell it all today you would earn a total of 0.00 from holding Bingshan Refrigeration and or generate 0.0% return on investment in Bingshan Refrigeration over 360 days. Bingshan Refrigeration is related to or competes with Industrial, Kweichow Moutai, Agricultural Bank, China Mobile, China Construction, PetroChina, and Bank of China. Bingshan Refrigeration is entity of China More
Bingshan Refrigeration 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 Bingshan Refrigeration'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 Bingshan Refrigeration and upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.58 | |||
| Information Ratio | 0.1324 | |||
| Maximum Drawdown | 13.52 | |||
| Value At Risk | (4.09) | |||
| Potential Upside | 5.38 |
Bingshan Refrigeration Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bingshan Refrigeration's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bingshan Refrigeration's standard deviation. In reality, there are many statistical measures that can use Bingshan Refrigeration historical prices to predict the future Bingshan Refrigeration's volatility.| Risk Adjusted Performance | 0.1338 | |||
| Jensen Alpha | 0.4179 | |||
| Total Risk Alpha | 0.0811 | |||
| Sortino Ratio | 0.1372 | |||
| Treynor Ratio | 1.22 |
Bingshan Refrigeration Backtested Returns
Bingshan Refrigeration appears to be very risky, given 3 months investment horizon. Bingshan Refrigeration 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 Bingshan Refrigeration's technical indicators, you can evaluate if the expected return of 0.54% is justified by implied risk. Please makes use of Bingshan Refrigeration's Risk Adjusted Performance of 0.1338, downside deviation of 2.58, and Mean Deviation of 1.86 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Bingshan Refrigeration holds a performance score of 15. The firm shows a Beta (market volatility) of 0.38, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Bingshan Refrigeration's returns are expected to increase less than the market. However, during the bear market, the loss of holding Bingshan Refrigeration is expected to be smaller as well. Please check Bingshan Refrigeration's downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Bingshan Refrigeration's price patterns will revert.
Auto-correlation | -0.51 |
Good reverse predictability
Bingshan Refrigeration and has good reverse predictability. Overlapping area represents the amount of predictability between Bingshan Refrigeration time series from 19th of December 2023 to 16th of June 2024 and 16th of June 2024 to 13th 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 Bingshan Refrigeration price movement. The serial correlation of -0.51 indicates that about 51.0% of current Bingshan Refrigeration price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.51 | |
| Spearman Rank Test | -0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Bingshan Refrigeration lagged returns against current returns
Autocorrelation, which is Bingshan Refrigeration 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 Bingshan Refrigeration's stock expected returns. We can calculate the autocorrelation of Bingshan Refrigeration returns to help us make a trade decision. For example, suppose you find that Bingshan Refrigeration 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 |
Bingshan Refrigeration 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 Bingshan Refrigeration stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bingshan Refrigeration stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bingshan Refrigeration stock over time.
Current vs Lagged Prices |
| Timeline |
Bingshan Refrigeration Lagged Returns
When evaluating Bingshan Refrigeration's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bingshan Refrigeration stock have on its future price. Bingshan Refrigeration 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, Bingshan Refrigeration autocorrelation shows the relationship between Bingshan Refrigeration stock current value and its past values and can show if there is a momentum factor associated with investing in Bingshan Refrigeration and.
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 Bingshan Stock
Bingshan Refrigeration financial ratios help investors to determine whether Bingshan 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 Bingshan with respect to the benefits of owning Bingshan Refrigeration security.