Beijing SuperMap (China) Market Value
| 300036 Stock | 17.96 0.35 1.91% |
| Symbol | Beijing |
Beijing SuperMap '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 SuperMap'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 SuperMap.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Beijing SuperMap on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Beijing SuperMap Software or generate 0.0% return on investment in Beijing SuperMap over 30 days. Beijing SuperMap is related to or competes with Southchip Semiconductor, Shanghai Metersbonwe, Xiamen Jihong, StarPower Semiconductor, CSSC Offshore, Zhengzhou Qianweiyangchu, and Jiahe Foods. Beijing SuperMap is entity of China. It is traded as Stock on SHE exchange. More
Beijing SuperMap 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 Beijing SuperMap'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 SuperMap Software upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.82 | |||
| Information Ratio | 0.0789 | |||
| Maximum Drawdown | 32.91 | |||
| Value At Risk | (5.38) | |||
| Potential Upside | 6.72 |
Beijing SuperMap Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Beijing SuperMap's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Beijing SuperMap's standard deviation. In reality, there are many statistical measures that can use Beijing SuperMap historical prices to predict the future Beijing SuperMap's volatility.| Risk Adjusted Performance | 0.0898 | |||
| Jensen Alpha | 0.5853 | |||
| Total Risk Alpha | (0.31) | |||
| Sortino Ratio | 0.1031 | |||
| Treynor Ratio | (1.04) |
Beijing SuperMap Software Backtested Returns
Beijing SuperMap appears to be somewhat reliable, given 3 months investment horizon. Beijing SuperMap Software secures Sharpe Ratio (or Efficiency) of 0.13, which signifies that the company had a 0.13% return per unit of risk over the last 3 months. By analyzing Beijing SuperMap's technical indicators, you can evaluate if the expected return of 0.68% is justified by implied risk. Please makes use of Beijing SuperMap's Downside Deviation of 3.82, mean deviation of 3.21, and Risk Adjusted Performance of 0.0898 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Beijing SuperMap holds a performance score of 10. The firm shows a Beta (market volatility) of -0.5, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Beijing SuperMap are expected to decrease at a much lower rate. During the bear market, Beijing SuperMap is likely to outperform the market. Please check Beijing SuperMap's downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Beijing SuperMap's price patterns will revert.
Auto-correlation | -0.08 |
Very weak reverse predictability
Beijing SuperMap Software has very weak reverse predictability. Overlapping area represents the amount of predictability between Beijing SuperMap time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 Beijing SuperMap Software price movement. The serial correlation of -0.08 indicates that barely 8.0% of current Beijing SuperMap price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.08 | |
| Spearman Rank Test | 0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 0.17 |
Beijing SuperMap Software lagged returns against current returns
Autocorrelation, which is Beijing SuperMap 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 SuperMap's stock expected returns. We can calculate the autocorrelation of Beijing SuperMap returns to help us make a trade decision. For example, suppose you find that Beijing SuperMap 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 SuperMap 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 SuperMap stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Beijing SuperMap stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Beijing SuperMap stock over time.
Current vs Lagged Prices |
| Timeline |
Beijing SuperMap Lagged Returns
When evaluating Beijing SuperMap's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Beijing SuperMap stock have on its future price. Beijing SuperMap 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 SuperMap autocorrelation shows the relationship between Beijing SuperMap stock current value and its past values and can show if there is a momentum factor associated with investing in Beijing SuperMap 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.Other Information on Investing in Beijing Stock
Beijing SuperMap 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 SuperMap security.