Beijing Enlight's market value is the price at which a share of Beijing Enlight trades on a public exchange. It measures the collective expectations of Beijing Enlight Media investors about its performance. Beijing Enlight is trading at 8.75 as of the 9th of January 2025, a 0.23% up since the beginning of the trading day. The stock's open price was 8.73. With this module, you can estimate the performance of a buy and hold strategy of Beijing Enlight Media and determine expected loss or profit from investing in Beijing Enlight over a given investment horizon. Check out Beijing Enlight Correlation, Beijing Enlight Volatility and Beijing Enlight Alpha and Beta module to complement your research on Beijing Enlight.
Please note, there is a significant difference between Beijing Enlight's value and its price as these two are different measures arrived at by different means. Investors typically determine if Beijing Enlight is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Beijing Enlight'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 Enlight '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 Enlight'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 Enlight.
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01/20/2023
No Change 0.00
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In 1 year 11 months and 22 days
01/09/2025
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If you would invest 0.00 in Beijing Enlight on January 20, 2023 and sell it all today you would earn a total of 0.00 from holding Beijing Enlight Media or generate 0.0% return on investment in Beijing Enlight over 720 days. Beijing Enlight is related to or competes with Chahua Modern, Ningbo Ligong, JCHX Mining, Chongqing Changan, Bus Online, Songz Automobile, and Jahen Household. Beijing Enlight is entity of China. It is traded as Stock on SHE exchange. More
Beijing Enlight 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 Enlight'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 Enlight Media 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 Enlight's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Beijing Enlight's standard deviation. In reality, there are many statistical measures that can use Beijing Enlight historical prices to predict the future Beijing Enlight's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Beijing Enlight. Your research has to be compared to or analyzed against Beijing Enlight's peers to derive any actionable benefits. When done correctly, Beijing Enlight's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Beijing Enlight Media.
Beijing Enlight Media Backtested Returns
Beijing Enlight appears to be somewhat reliable, given 3 months investment horizon. Beijing Enlight Media secures Sharpe Ratio (or Efficiency) of 0.0806, which signifies that the company had a 0.0806% return per unit of risk over the last 3 months. We have found twenty-three technical indicators for Beijing Enlight Media, which you can use to evaluate the volatility of the firm. Please makes use of Beijing Enlight's Standard Deviation of 3.16, mean deviation of 2.27, and Risk Adjusted Performance of (0.01) to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Beijing Enlight holds a performance score of 6. The firm shows a Beta (market volatility) of -0.26, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Beijing Enlight are expected to decrease at a much lower rate. During the bear market, Beijing Enlight is likely to outperform the market. Please check Beijing Enlight's mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Beijing Enlight's price patterns will revert.
Auto-correlation
0.19
Very weak predictability
Beijing Enlight Media has very weak predictability. Overlapping area represents the amount of predictability between Beijing Enlight time series from 20th of January 2023 to 15th of January 2024 and 15th of January 2024 to 9th 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 Enlight Media price movement. The serial correlation of 0.19 indicates that over 19.0% of current Beijing Enlight price fluctuation can be explain by its past prices.
Correlation Coefficient
0.19
Spearman Rank Test
-0.02
Residual Average
0.0
Price Variance
1.0
Beijing Enlight Media lagged returns against current returns
Autocorrelation, which is Beijing Enlight 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 Enlight's stock expected returns. We can calculate the autocorrelation of Beijing Enlight returns to help us make a trade decision. For example, suppose you find that Beijing Enlight 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 Enlight 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 Enlight stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Beijing Enlight stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Beijing Enlight stock over time.
Current vs Lagged Prices
Timeline
Beijing Enlight Lagged Returns
When evaluating Beijing Enlight's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Beijing Enlight stock have on its future price. Beijing Enlight 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 Enlight autocorrelation shows the relationship between Beijing Enlight stock current value and its past values and can show if there is a momentum factor associated with investing in Beijing Enlight Media.
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 Enlight 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 Enlight security.