By Health (China) Market Value
| 300146 Stock | 12.35 0.19 1.56% |
| Symbol | 300146 |
By Health '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 By Health'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 By Health.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in By Health on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding By health or generate 0.0% return on investment in By Health over 30 days. By Health is related to or competes with Winner Medical, Cowealth Medical, Ningbo MedicalSystem, Tsingtao Brewery, Contec Medical, Tonghua Grape, and Cofoe Medical. By Health is entity of China. It is traded as Stock on SHE exchange. More
By Health 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 By Health'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 By health upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.76 | |||
| Information Ratio | 0.0072 | |||
| Maximum Drawdown | 27.56 | |||
| Value At Risk | (3.85) | |||
| Potential Upside | 5.72 |
By Health Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for By Health's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as By Health's standard deviation. In reality, there are many statistical measures that can use By Health historical prices to predict the future By Health's volatility.| Risk Adjusted Performance | 0.042 | |||
| Jensen Alpha | 0.246 | |||
| Total Risk Alpha | (0.39) | |||
| Sortino Ratio | 0.0089 | |||
| Treynor Ratio | (0.17) |
By health Backtested Returns
By Health appears to be somewhat reliable, given 3 months investment horizon. By health retains Efficiency (Sharpe Ratio) of 0.063, which signifies that the company had a 0.063% return per unit of price deviation over the last 3 months. We have found twenty-eight technical indicators for By Health, which you can use to evaluate the volatility of the firm. Please makes use of By Health's Standard Deviation of 3.42, market risk adjusted performance of (0.16), and Coefficient Of Variation of 2232.6 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, By Health holds a performance score of 4. The firm owns a Beta (Systematic Risk) of -0.87, which signifies possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning By Health are expected to decrease slowly. On the other hand, during market turmoil, By Health is expected to outperform it slightly. Please check By Health'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 By Health's current price history will revert.
Auto-correlation | -0.66 |
Very good reverse predictability
By health has very good reverse predictability. Overlapping area represents the amount of predictability between By Health time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 By health price movement. The serial correlation of -0.66 indicates that around 66.0% of current By Health price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.66 | |
| Spearman Rank Test | -0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 0.18 |
By health lagged returns against current returns
Autocorrelation, which is By Health 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 By Health's stock expected returns. We can calculate the autocorrelation of By Health returns to help us make a trade decision. For example, suppose you find that By Health 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 |
By Health 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 By Health stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if By Health stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in By Health stock over time.
Current vs Lagged Prices |
| Timeline |
By Health Lagged Returns
When evaluating By Health's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of By Health stock have on its future price. By Health 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, By Health autocorrelation shows the relationship between By Health stock current value and its past values and can show if there is a momentum factor associated with investing in By health.
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 300146 Stock
By Health financial ratios help investors to determine whether 300146 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 300146 with respect to the benefits of owning By Health security.