Beijing Ultrapower's market value is the price at which a share of Beijing Ultrapower trades on a public exchange. It measures the collective expectations of Beijing Ultrapower Software investors about its performance. Beijing Ultrapower is trading at 11.12 as of the 13th of January 2025, a 2.63 percent decrease since the beginning of the trading day. The stock's open price was 11.42. With this module, you can estimate the performance of a buy and hold strategy of Beijing Ultrapower Software and determine expected loss or profit from investing in Beijing Ultrapower over a given investment horizon. Check out Beijing Ultrapower Correlation, Beijing Ultrapower Volatility and Beijing Ultrapower Alpha and Beta module to complement your research on Beijing Ultrapower.
Please note, there is a significant difference between Beijing Ultrapower's value and its price as these two are different measures arrived at by different means. Investors typically determine if Beijing Ultrapower is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Beijing Ultrapower'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.
Beijing Ultrapower '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 Ultrapower'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 Ultrapower.
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Beijing Ultrapower'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 Ultrapower Software 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 Beijing Ultrapower's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Beijing Ultrapower's standard deviation. In reality, there are many statistical measures that can use Beijing Ultrapower historical prices to predict the future Beijing Ultrapower's volatility.
Beijing Ultrapower secures Sharpe Ratio (or Efficiency) of -0.0142, which signifies that the company had a -0.0142% return per unit of risk over the last 3 months. Beijing Ultrapower Software exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Beijing Ultrapower's Risk Adjusted Performance of (0.01), standard deviation of 3.55, and Mean Deviation of 2.74 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.12, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Beijing Ultrapower are expected to decrease at a much lower rate. During the bear market, Beijing Ultrapower is likely to outperform the market. At this point, Beijing Ultrapower has a negative expected return of -0.0493%. Please make sure to confirm Beijing Ultrapower's mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Beijing Ultrapower performance from the past will be repeated at some point in the near future.
Auto-correlation
-0.43
Modest reverse predictability
Beijing Ultrapower Software has modest reverse predictability. Overlapping area represents the amount of predictability between Beijing Ultrapower time series from 24th of January 2023 to 19th of January 2024 and 19th of January 2024 to 13th 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 Beijing Ultrapower price movement. The serial correlation of -0.43 indicates that just about 43.0% of current Beijing Ultrapower price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.43
Spearman Rank Test
-0.37
Residual Average
0.0
Price Variance
3.11
Beijing Ultrapower lagged returns against current returns
Autocorrelation, which is Beijing Ultrapower 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 Ultrapower's stock expected returns. We can calculate the autocorrelation of Beijing Ultrapower returns to help us make a trade decision. For example, suppose you find that Beijing Ultrapower 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 Ultrapower 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 Ultrapower stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Beijing Ultrapower stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Beijing Ultrapower stock over time.
Current vs Lagged Prices
Timeline
Beijing Ultrapower Lagged Returns
When evaluating Beijing Ultrapower's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Beijing Ultrapower stock have on its future price. Beijing Ultrapower 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 Ultrapower autocorrelation shows the relationship between Beijing Ultrapower stock current value and its past values and can show if there is a momentum factor associated with investing in Beijing Ultrapower Software.
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.
Beijing Ultrapower 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 Ultrapower security.