Beijing Watertek's market value is the price at which a share of Beijing Watertek trades on a public exchange. It measures the collective expectations of Beijing Watertek Information investors about its performance. Beijing Watertek is trading at 3.26 as of the 15th of January 2025, a 0.91 percent decrease since the beginning of the trading day. The stock's open price was 3.29. With this module, you can estimate the performance of a buy and hold strategy of Beijing Watertek Information and determine expected loss or profit from investing in Beijing Watertek over a given investment horizon. Check out Beijing Watertek Correlation, Beijing Watertek Volatility and Beijing Watertek Alpha and Beta module to complement your research on Beijing Watertek.
Please note, there is a significant difference between Beijing Watertek's value and its price as these two are different measures arrived at by different means. Investors typically determine if Beijing Watertek is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Beijing Watertek'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 Watertek '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 Watertek'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 Watertek.
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12/16/2024
No Change 0.00
0.0
In 31 days
01/15/2025
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If you would invest 0.00 in Beijing Watertek on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Beijing Watertek Information or generate 0.0% return on investment in Beijing Watertek over 30 days. Beijing Watertek is related to or competes with Invengo Information, HaiXin Foods, AVCON Information, Fujian Anjoy, Wonders Information, and CITIC Guoan. Beijing Watertek is entity of China. It is traded as Stock on SHE exchange. More
Beijing Watertek 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 Watertek'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 Watertek Information 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 Watertek's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Beijing Watertek's standard deviation. In reality, there are many statistical measures that can use Beijing Watertek historical prices to predict the future Beijing Watertek's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Beijing Watertek. Your research has to be compared to or analyzed against Beijing Watertek's peers to derive any actionable benefits. When done correctly, Beijing Watertek'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 Watertek Inf.
Beijing Watertek Inf Backtested Returns
At this point, Beijing Watertek is very risky. Beijing Watertek Inf secures Sharpe Ratio (or Efficiency) of 0.0131, which signifies that the company had a 0.0131% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Beijing Watertek Information, which you can use to evaluate the volatility of the firm. Please confirm Beijing Watertek's Risk Adjusted Performance of 0.0446, mean deviation of 3.76, and Downside Deviation of 5.0 to double-check if the risk estimate we provide is consistent with the expected return of 0.0636%. Beijing Watertek has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.27, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Beijing Watertek's returns are expected to increase less than the market. However, during the bear market, the loss of holding Beijing Watertek is expected to be smaller as well. Beijing Watertek Inf right now shows a risk of 4.86%. Please confirm Beijing Watertek Inf downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to decide if Beijing Watertek Inf will be following its price patterns.
Auto-correlation
0.18
Very weak predictability
Beijing Watertek Information has very weak predictability. Overlapping area represents the amount of predictability between Beijing Watertek time series from 16th of December 2024 to 31st of December 2024 and 31st of December 2024 to 15th 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 Watertek Inf price movement. The serial correlation of 0.18 indicates that over 18.0% of current Beijing Watertek price fluctuation can be explain by its past prices.
Correlation Coefficient
0.18
Spearman Rank Test
-0.19
Residual Average
0.0
Price Variance
0.01
Beijing Watertek Inf lagged returns against current returns
Autocorrelation, which is Beijing Watertek 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 Watertek's stock expected returns. We can calculate the autocorrelation of Beijing Watertek returns to help us make a trade decision. For example, suppose you find that Beijing Watertek 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 Watertek 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 Watertek stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Beijing Watertek stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Beijing Watertek stock over time.
Current vs Lagged Prices
Timeline
Beijing Watertek Lagged Returns
When evaluating Beijing Watertek's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Beijing Watertek stock have on its future price. Beijing Watertek 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 Watertek autocorrelation shows the relationship between Beijing Watertek stock current value and its past values and can show if there is a momentum factor associated with investing in Beijing Watertek Information.
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 Watertek 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 Watertek security.