BES Engineering (Taiwan) Market Value
| 2515 Stock | TWD 11.10 0.15 1.33% |
| Symbol | BES |
BES Engineering '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 BES Engineering'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 BES Engineering.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in BES Engineering on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding BES Engineering Co or generate 0.0% return on investment in BES Engineering over 720 days. BES Engineering is related to or competes with Yulon, Far Eastern, China Steel, Chang Hwa, and Oriental Union. BES Engineering Corporation engages in construction and engineering business More
BES Engineering 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 BES Engineering'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 BES Engineering Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 8.5 | |||
| Value At Risk | (3.37) | |||
| Potential Upside | 2.83 |
BES Engineering Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BES Engineering's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BES Engineering's standard deviation. In reality, there are many statistical measures that can use BES Engineering historical prices to predict the future BES Engineering's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.27) | |||
| Total Risk Alpha | (0.56) | |||
| Treynor Ratio | (1.93) |
BES Engineering Backtested Returns
BES Engineering secures Sharpe Ratio (or Efficiency) of -0.15, which signifies that the company had a -0.15% return per unit of risk over the last 3 months. BES Engineering Co exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm BES Engineering's mean deviation of 1.47, and Risk Adjusted Performance of (0.09) to double-check the risk estimate we provide. 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, BES Engineering's returns are expected to increase less than the market. However, during the bear market, the loss of holding BES Engineering is expected to be smaller as well. At this point, BES Engineering has a negative expected return of -0.28%. Please make sure to confirm BES Engineering's treynor ratio, value at risk, and the relationship between the total risk alpha and maximum drawdown , to decide if BES Engineering performance from the past will be repeated in the future.
Auto-correlation | 0.18 |
Very weak predictability
BES Engineering Co has very weak predictability. Overlapping area represents the amount of predictability between BES Engineering time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 to 28th 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 BES Engineering price movement. The serial correlation of 0.18 indicates that over 18.0% of current BES Engineering price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.18 | |
| Spearman Rank Test | -0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 3.67 |
BES Engineering lagged returns against current returns
Autocorrelation, which is BES Engineering 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 BES Engineering's stock expected returns. We can calculate the autocorrelation of BES Engineering returns to help us make a trade decision. For example, suppose you find that BES Engineering 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 |
BES Engineering 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 BES Engineering stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BES Engineering stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BES Engineering stock over time.
Current vs Lagged Prices |
| Timeline |
BES Engineering Lagged Returns
When evaluating BES Engineering's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BES Engineering stock have on its future price. BES Engineering 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, BES Engineering autocorrelation shows the relationship between BES Engineering stock current value and its past values and can show if there is a momentum factor associated with investing in BES Engineering 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 BES Stock Analysis
When running BES Engineering's price analysis, check to measure BES Engineering'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 BES Engineering is operating at the current time. Most of BES Engineering's value examination focuses on studying past and present price action to predict the probability of BES Engineering's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move BES Engineering's price. Additionally, you may evaluate how the addition of BES Engineering to your portfolios can decrease your overall portfolio volatility.