Broadex Technologies (China) Market Value
| 300548 Stock | 22.33 1.26 5.34% |
| Symbol | Broadex |
Broadex Technologies '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 Broadex Technologies' 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 Broadex Technologies.
| 05/07/2023 |
| 11/27/2024 |
If you would invest 0.00 in Broadex Technologies on May 7, 2023 and sell it all today you would earn a total of 0.00 from holding Broadex Technologies Co or generate 0.0% return on investment in Broadex Technologies over 570 days. Broadex Technologies is related to or competes with Kweichow Moutai, Shenzhen Mindray, Jiangsu Pacific, G Bits, Shenzhen Transsion, Beijing Roborock, and Luzhou Lao. Broadex Technologies is entity of China. It is traded as Stock on SHE exchange. More
Broadex Technologies 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 Broadex Technologies' 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 Broadex Technologies Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.38 | |||
| Information Ratio | 0.0769 | |||
| Maximum Drawdown | 30.79 | |||
| Value At Risk | (5.34) | |||
| Potential Upside | 6.15 |
Broadex Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Broadex Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Broadex Technologies' standard deviation. In reality, there are many statistical measures that can use Broadex Technologies historical prices to predict the future Broadex Technologies' volatility.| Risk Adjusted Performance | 0.0891 | |||
| Jensen Alpha | 0.4251 | |||
| Total Risk Alpha | (0.23) | |||
| Sortino Ratio | 0.0782 | |||
| Treynor Ratio | 1.53 |
Broadex Technologies Backtested Returns
Broadex Technologies appears to be somewhat reliable, given 3 months investment horizon. Broadex Technologies secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the company had a 0.12% return per unit of risk over the last 3 months. By analyzing Broadex Technologies' technical indicators, you can evaluate if the expected return of 0.55% is justified by implied risk. Please makes use of Broadex Technologies' Downside Deviation of 4.38, risk adjusted performance of 0.0891, and Mean Deviation of 2.93 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Broadex Technologies holds a performance score of 9. The firm shows a Beta (market volatility) of 0.3, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Broadex Technologies' returns are expected to increase less than the market. However, during the bear market, the loss of holding Broadex Technologies is expected to be smaller as well. Please check Broadex Technologies' downside 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 Broadex Technologies' price patterns will revert.
Auto-correlation | 0.12 |
Insignificant predictability
Broadex Technologies Co has insignificant predictability. Overlapping area represents the amount of predictability between Broadex Technologies time series from 7th of May 2023 to 16th of February 2024 and 16th of February 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 Broadex Technologies price movement. The serial correlation of 0.12 indicates that less than 12.0% of current Broadex Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.12 | |
| Spearman Rank Test | 0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 13.86 |
Broadex Technologies lagged returns against current returns
Autocorrelation, which is Broadex Technologies 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 Broadex Technologies' stock expected returns. We can calculate the autocorrelation of Broadex Technologies returns to help us make a trade decision. For example, suppose you find that Broadex Technologies 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 |
Broadex Technologies 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 Broadex Technologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Broadex Technologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Broadex Technologies stock over time.
Current vs Lagged Prices |
| Timeline |
Broadex Technologies Lagged Returns
When evaluating Broadex Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Broadex Technologies stock have on its future price. Broadex Technologies 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, Broadex Technologies autocorrelation shows the relationship between Broadex Technologies stock current value and its past values and can show if there is a momentum factor associated with investing in Broadex Technologies Co.
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 Broadex Stock
Broadex Technologies financial ratios help investors to determine whether Broadex 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 Broadex with respect to the benefits of owning Broadex Technologies security.