Pharmaron Beijing (China) Market Value
| 300759 Stock | 26.72 1.66 5.85% |
| Symbol | Pharmaron |
Pharmaron Beijing '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 Pharmaron Beijing'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 Pharmaron Beijing.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Pharmaron Beijing on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Pharmaron Beijing Co or generate 0.0% return on investment in Pharmaron Beijing over 30 days. Pharmaron Beijing is related to or competes with Shenzhen Bioeasy, Namchow Food, Jinhe Biotechnology, Ningbo MedicalSystem, New Hope, Juewei Food, and Sichuan Teway. Pharmaron Beijing is entity of China. It is traded as Stock on SHE exchange. More
Pharmaron Beijing 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 Pharmaron Beijing'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 Pharmaron Beijing Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.86 | |||
| Information Ratio | 0.0932 | |||
| Maximum Drawdown | 32.74 | |||
| Value At Risk | (4.85) | |||
| Potential Upside | 8.0 |
Pharmaron Beijing Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pharmaron Beijing's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pharmaron Beijing's standard deviation. In reality, there are many statistical measures that can use Pharmaron Beijing historical prices to predict the future Pharmaron Beijing's volatility.| Risk Adjusted Performance | 0.0959 | |||
| Jensen Alpha | 0.66 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | 0.1237 | |||
| Treynor Ratio | (0.69) |
Pharmaron Beijing Backtested Returns
Pharmaron Beijing appears to be not too volatile, given 3 months investment horizon. Pharmaron Beijing maintains Sharpe Ratio (i.e., Efficiency) of 0.13, which implies the firm had a 0.13% return per unit of risk over the last 3 months. By analyzing Pharmaron Beijing's technical indicators, you can evaluate if the expected return of 0.73% is justified by implied risk. Please evaluate Pharmaron Beijing's Semi Deviation of 3.55, risk adjusted performance of 0.0959, and Coefficient Of Variation of 872.35 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Pharmaron Beijing holds a performance score of 10. The company holds a Beta of -0.84, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Pharmaron Beijing are expected to decrease at a much lower rate. During the bear market, Pharmaron Beijing is likely to outperform the market. Please check Pharmaron Beijing'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 Pharmaron Beijing's historical price patterns will revert.
Auto-correlation | 0.16 |
Very weak predictability
Pharmaron Beijing Co has very weak predictability. Overlapping area represents the amount of predictability between Pharmaron Beijing time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 Pharmaron Beijing price movement. The serial correlation of 0.16 indicates that over 16.0% of current Pharmaron Beijing price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.16 | |
| Spearman Rank Test | -0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 2.4 |
Pharmaron Beijing lagged returns against current returns
Autocorrelation, which is Pharmaron Beijing 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 Pharmaron Beijing's stock expected returns. We can calculate the autocorrelation of Pharmaron Beijing returns to help us make a trade decision. For example, suppose you find that Pharmaron Beijing 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 |
Pharmaron Beijing 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 Pharmaron Beijing stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pharmaron Beijing stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pharmaron Beijing stock over time.
Current vs Lagged Prices |
| Timeline |
Pharmaron Beijing Lagged Returns
When evaluating Pharmaron Beijing's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pharmaron Beijing stock have on its future price. Pharmaron Beijing 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, Pharmaron Beijing autocorrelation shows the relationship between Pharmaron Beijing stock current value and its past values and can show if there is a momentum factor associated with investing in Pharmaron Beijing 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 Pharmaron Stock
Pharmaron Beijing financial ratios help investors to determine whether Pharmaron 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 Pharmaron with respect to the benefits of owning Pharmaron Beijing security.