Beijing Scitop (China) Market Value
| 300858 Stock | 16.47 0.25 1.54% |
| Symbol | Beijing |
Beijing Scitop '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 Scitop'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 Scitop.
| 04/06/2024 |
| 12/02/2024 |
If you would invest 0.00 in Beijing Scitop on April 6, 2024 and sell it all today you would earn a total of 0.00 from holding Beijing Scitop Bio or generate 0.0% return on investment in Beijing Scitop over 240 days. Beijing Scitop is related to or competes with Southchip Semiconductor, Anhui Huilong, Shaanxi Construction, Will Semiconductor, Shenwu Energy, Guangdong Jinming, and China Construction. Beijing Scitop is entity of China. It is traded as Stock on SHE exchange. More
Beijing Scitop 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 Scitop'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 Scitop Bio upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.25 | |||
| Information Ratio | 0.0456 | |||
| Maximum Drawdown | 24.16 | |||
| Value At Risk | (4.20) | |||
| Potential Upside | 5.82 |
Beijing Scitop Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Beijing Scitop's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Beijing Scitop's standard deviation. In reality, there are many statistical measures that can use Beijing Scitop historical prices to predict the future Beijing Scitop's volatility.| Risk Adjusted Performance | 0.075 | |||
| Jensen Alpha | 0.2684 | |||
| Total Risk Alpha | (0.27) | |||
| Sortino Ratio | 0.0455 | |||
| Treynor Ratio | 5.09 |
Beijing Scitop Bio Backtested Returns
Beijing Scitop appears to be not too volatile, given 3 months investment horizon. Beijing Scitop Bio secures Sharpe Ratio (or Efficiency) of 0.0908, which signifies that the company had a 0.0908% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Beijing Scitop Bio, which you can use to evaluate the volatility of the firm. Please makes use of Beijing Scitop's Mean Deviation of 2.12, risk adjusted performance of 0.075, and Downside Deviation of 3.25 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Beijing Scitop holds a performance score of 7. The firm shows a Beta (market volatility) of 0.0541, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Beijing Scitop's returns are expected to increase less than the market. However, during the bear market, the loss of holding Beijing Scitop is expected to be smaller as well. Please check Beijing Scitop's mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Beijing Scitop's price patterns will revert.
Auto-correlation | -0.59 |
Good reverse predictability
Beijing Scitop Bio has good reverse predictability. Overlapping area represents the amount of predictability between Beijing Scitop time series from 6th of April 2024 to 4th of August 2024 and 4th of August 2024 to 2nd of December 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 Beijing Scitop Bio price movement. The serial correlation of -0.59 indicates that roughly 59.0% of current Beijing Scitop price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.59 | |
| Spearman Rank Test | -0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 0.99 |
Beijing Scitop Bio lagged returns against current returns
Autocorrelation, which is Beijing Scitop 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 Scitop's stock expected returns. We can calculate the autocorrelation of Beijing Scitop returns to help us make a trade decision. For example, suppose you find that Beijing Scitop 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 Scitop 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 Scitop stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Beijing Scitop stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Beijing Scitop stock over time.
Current vs Lagged Prices |
| Timeline |
Beijing Scitop Lagged Returns
When evaluating Beijing Scitop's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Beijing Scitop stock have on its future price. Beijing Scitop 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 Scitop autocorrelation shows the relationship between Beijing Scitop stock current value and its past values and can show if there is a momentum factor associated with investing in Beijing Scitop Bio.
Regressed Prices |
| Timeline |
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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 Beijing Stock
Beijing Scitop 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 Scitop security.