Boai NKY (China) Market Value
| 300109 Stock | 14.79 0.19 1.27% |
| Symbol | Boai |
Boai NKY '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 Boai NKY'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 Boai NKY.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Boai NKY on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding Boai NKY Pharmaceuticals or generate 0.0% return on investment in Boai NKY over 30 days. Boai NKY is related to or competes with Zijin Mining, Wanhua Chemical, Baoshan Iron, Rongsheng Petrochemical, Shandong Gold, Inner Mongolia, and Jiangxi Ganfeng. Boai NKY is entity of China. It is traded as Stock on SHE exchange. More
Boai NKY 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 Boai NKY'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 Boai NKY Pharmaceuticals upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.21 | |||
| Information Ratio | 0.1224 | |||
| Maximum Drawdown | 25.91 | |||
| Value At Risk | (3.71) | |||
| Potential Upside | 7.26 |
Boai NKY Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Boai NKY's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Boai NKY's standard deviation. In reality, there are many statistical measures that can use Boai NKY historical prices to predict the future Boai NKY's volatility.| Risk Adjusted Performance | 0.1242 | |||
| Jensen Alpha | 0.6441 | |||
| Total Risk Alpha | 0.054 | |||
| Sortino Ratio | 0.144 | |||
| Treynor Ratio | (0.75) |
Boai NKY Pharmaceuticals Backtested Returns
Boai NKY appears to be somewhat reliable, given 3 months investment horizon. Boai NKY Pharmaceuticals secures Sharpe Ratio (or Efficiency) of 0.15, which signifies that the company had a 0.15% return per unit of standard deviation over the last 3 months. By analyzing Boai NKY's technical indicators, you can evaluate if the expected return of 0.6% is justified by implied risk. Please makes use of Boai NKY's mean deviation of 2.57, and Risk Adjusted Performance of 0.1242 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Boai NKY holds a performance score of 11. The firm shows a Beta (market volatility) of -0.76, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Boai NKY are expected to decrease at a much lower rate. During the bear market, Boai NKY is likely to outperform the market. Please check Boai NKY's market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to make a quick decision on whether Boai NKY's price patterns will revert.
Auto-correlation | -0.22 |
Weak reverse predictability
Boai NKY Pharmaceuticals has weak reverse predictability. Overlapping area represents the amount of predictability between Boai NKY time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th 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 Boai NKY Pharmaceuticals price movement. The serial correlation of -0.22 indicates that over 22.0% of current Boai NKY price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.22 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
Boai NKY Pharmaceuticals lagged returns against current returns
Autocorrelation, which is Boai NKY 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 Boai NKY's stock expected returns. We can calculate the autocorrelation of Boai NKY returns to help us make a trade decision. For example, suppose you find that Boai NKY 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 |
Boai NKY 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 Boai NKY stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Boai NKY stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Boai NKY stock over time.
Current vs Lagged Prices |
| Timeline |
Boai NKY Lagged Returns
When evaluating Boai NKY's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Boai NKY stock have on its future price. Boai NKY 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, Boai NKY autocorrelation shows the relationship between Boai NKY stock current value and its past values and can show if there is a momentum factor associated with investing in Boai NKY Pharmaceuticals.
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 Boai Stock
Boai NKY financial ratios help investors to determine whether Boai 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 Boai with respect to the benefits of owning Boai NKY security.