Beijing Topnew (China) Market Value
| 300895 Stock | 35.18 0.67 1.94% |
| Symbol | Beijing |
Beijing Topnew '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 Topnew'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 Topnew.
| 06/10/2023 |
| 12/01/2024 |
If you would invest 0.00 in Beijing Topnew on June 10, 2023 and sell it all today you would earn a total of 0.00 from holding Beijing Topnew Info or generate 0.0% return on investment in Beijing Topnew over 540 days. Beijing Topnew is related to or competes with Ming Yang, Loctek Ergonomic, Hunan Nanling, Shandong Ruifeng, Jiangsu Seagull, Inner Mongolia, and 3onedata. Beijing Topnew is entity of China. It is traded as Stock on SHE exchange. More
Beijing Topnew 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 Topnew'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 Topnew Info upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.46 | |||
| Information Ratio | 0.1117 | |||
| Maximum Drawdown | 33.75 | |||
| Value At Risk | (6.98) | |||
| Potential Upside | 6.3 |
Beijing Topnew Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Beijing Topnew's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Beijing Topnew's standard deviation. In reality, there are many statistical measures that can use Beijing Topnew historical prices to predict the future Beijing Topnew's volatility.| Risk Adjusted Performance | 0.1156 | |||
| Jensen Alpha | 0.6621 | |||
| Total Risk Alpha | (0.14) | |||
| Sortino Ratio | 0.1211 | |||
| Treynor Ratio | 15.86 |
Beijing Topnew Info Backtested Returns
Beijing Topnew appears to be not too volatile, given 3 months investment horizon. Beijing Topnew Info secures Sharpe Ratio (or Efficiency) of 0.15, which signifies that the company had a 0.15% return per unit of risk over the last 3 months. By analyzing Beijing Topnew's technical indicators, you can evaluate if the expected return of 0.74% is justified by implied risk. Please makes use of Beijing Topnew's Risk Adjusted Performance of 0.1156, downside deviation of 4.46, and Mean Deviation of 3.12 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Beijing Topnew holds a performance score of 11. The firm shows a Beta (market volatility) of 0.0421, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Beijing Topnew's returns are expected to increase less than the market. However, during the bear market, the loss of holding Beijing Topnew is expected to be smaller as well. Please check Beijing Topnew's downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Beijing Topnew's price patterns will revert.
Auto-correlation | -0.56 |
Good reverse predictability
Beijing Topnew Info has good reverse predictability. Overlapping area represents the amount of predictability between Beijing Topnew time series from 10th of June 2023 to 6th of March 2024 and 6th of March 2024 to 1st 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 Topnew Info price movement. The serial correlation of -0.56 indicates that roughly 56.0% of current Beijing Topnew price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.56 | |
| Spearman Rank Test | 0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 20.48 |
Beijing Topnew Info lagged returns against current returns
Autocorrelation, which is Beijing Topnew 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 Topnew's stock expected returns. We can calculate the autocorrelation of Beijing Topnew returns to help us make a trade decision. For example, suppose you find that Beijing Topnew 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 Topnew 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 Topnew stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Beijing Topnew stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Beijing Topnew stock over time.
Current vs Lagged Prices |
| Timeline |
Beijing Topnew Lagged Returns
When evaluating Beijing Topnew's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Beijing Topnew stock have on its future price. Beijing Topnew 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 Topnew autocorrelation shows the relationship between Beijing Topnew stock current value and its past values and can show if there is a momentum factor associated with investing in Beijing Topnew Info.
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 Topnew 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 Topnew security.