Beijing Originwater (China) Market Value
| 300070 Stock | 5.86 0.06 1.03% |
| Symbol | Beijing |
Beijing Originwater '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 Originwater'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 Originwater.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Beijing Originwater on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Beijing Originwater Technology or generate 0.0% return on investment in Beijing Originwater over 720 days. Beijing Originwater is related to or competes with Shuhua Sports, Dareway Software, Hangzhou Pinming, Inspur Software, Juewei Food, Xiwang Foodstuffs, and Lander Sports. More
Beijing Originwater 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 Originwater'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 Originwater Technology upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.44 | |||
| Information Ratio | 0.192 | |||
| Maximum Drawdown | 29.5 | |||
| Value At Risk | (4.25) | |||
| Potential Upside | 12.94 |
Beijing Originwater Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Beijing Originwater's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Beijing Originwater's standard deviation. In reality, there are many statistical measures that can use Beijing Originwater historical prices to predict the future Beijing Originwater's volatility.| Risk Adjusted Performance | 0.1757 | |||
| Jensen Alpha | 1.08 | |||
| Total Risk Alpha | 0.2563 | |||
| Sortino Ratio | 0.2872 | |||
| Treynor Ratio | 4.43 |
Beijing Originwater Backtested Returns
Beijing Originwater is relatively risky given 3 months investment horizon. Beijing Originwater secures Sharpe Ratio (or Efficiency) of 0.22, which signifies that the company had a 0.22% return per unit of risk over the last 3 months. We were able to interpolate thirty different technical indicators, which can help you to evaluate if expected returns of 1.12% are justified by taking the suggested risk. Use Beijing Originwater Mean Deviation of 3.45, risk adjusted performance of 0.1757, and Downside Deviation of 3.44 to evaluate company specific risk that cannot be diversified away. Beijing Originwater holds a performance score of 17 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 0.25, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Beijing Originwater's returns are expected to increase less than the market. However, during the bear market, the loss of holding Beijing Originwater is expected to be smaller as well. Use Beijing Originwater downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to analyze future returns on Beijing Originwater.
Auto-correlation | -0.29 |
Weak reverse predictability
Beijing Originwater Technology has weak reverse predictability. Overlapping area represents the amount of predictability between Beijing Originwater time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd 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 Originwater price movement. The serial correlation of -0.29 indicates that nearly 29.0% of current Beijing Originwater price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.29 | |
| Spearman Rank Test | -0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 0.39 |
Beijing Originwater lagged returns against current returns
Autocorrelation, which is Beijing Originwater 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 Originwater's stock expected returns. We can calculate the autocorrelation of Beijing Originwater returns to help us make a trade decision. For example, suppose you find that Beijing Originwater 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 Originwater 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 Originwater stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Beijing Originwater stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Beijing Originwater stock over time.
Current vs Lagged Prices |
| Timeline |
Beijing Originwater Lagged Returns
When evaluating Beijing Originwater's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Beijing Originwater stock have on its future price. Beijing Originwater 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 Originwater autocorrelation shows the relationship between Beijing Originwater stock current value and its past values and can show if there is a momentum factor associated with investing in Beijing Originwater Technology.
Regressed Prices |
| Timeline |
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Beijing Originwater 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 Originwater security.