Qingdao Baheal (China) Market Value
| 301015 Stock | 23.29 0.11 0.47% |
| Symbol | Qingdao |
Qingdao Baheal '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 Qingdao Baheal'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 Qingdao Baheal.
| 11/02/2024 |
| 01/31/2025 |
If you would invest 0.00 in Qingdao Baheal on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding Qingdao Baheal Medical or generate 0.0% return on investment in Qingdao Baheal over 90 days. Qingdao Baheal is related to or competes with Nanjing OLO, Qijing Machinery, Easyhome New, Fibocom Wireless, Zhangjiagang Elegant, Baoding Dongli, and Beijing Kingsoft. More
Qingdao Baheal 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 Qingdao Baheal'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 Qingdao Baheal Medical upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 13.56 | |||
| Value At Risk | (3.20) | |||
| Potential Upside | 3.0 |
Qingdao Baheal Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Qingdao Baheal's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Qingdao Baheal's standard deviation. In reality, there are many statistical measures that can use Qingdao Baheal historical prices to predict the future Qingdao Baheal's volatility.| Risk Adjusted Performance | (0.10) | |||
| Jensen Alpha | (0.34) | |||
| Total Risk Alpha | (0.52) | |||
| Treynor Ratio | (0.55) |
Qingdao Baheal Medical Backtested Returns
Qingdao Baheal Medical 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. Qingdao Baheal Medical exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Qingdao Baheal's Coefficient Of Variation of (785.24), risk adjusted performance of (0.10), and Variance of 4.79 to confirm the risk estimate we provide. The company holds a Beta of 0.53, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Qingdao Baheal's returns are expected to increase less than the market. However, during the bear market, the loss of holding Qingdao Baheal is expected to be smaller as well. At this point, Qingdao Baheal Medical has a negative expected return of -0.28%. Please make sure to check Qingdao Baheal's standard deviation, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if Qingdao Baheal Medical performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.67 |
Good predictability
Qingdao Baheal Medical has good predictability. Overlapping area represents the amount of predictability between Qingdao Baheal time series from 2nd of November 2024 to 17th of December 2024 and 17th of December 2024 to 31st 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 Qingdao Baheal Medical price movement. The serial correlation of 0.67 indicates that around 67.0% of current Qingdao Baheal price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.67 | |
| Spearman Rank Test | 0.74 | |
| Residual Average | 0.0 | |
| Price Variance | 1.99 |
Qingdao Baheal Medical lagged returns against current returns
Autocorrelation, which is Qingdao Baheal 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 Qingdao Baheal's stock expected returns. We can calculate the autocorrelation of Qingdao Baheal returns to help us make a trade decision. For example, suppose you find that Qingdao Baheal 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 |
Qingdao Baheal 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 Qingdao Baheal stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Qingdao Baheal stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Qingdao Baheal stock over time.
Current vs Lagged Prices |
| Timeline |
Qingdao Baheal Lagged Returns
When evaluating Qingdao Baheal's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Qingdao Baheal stock have on its future price. Qingdao Baheal 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, Qingdao Baheal autocorrelation shows the relationship between Qingdao Baheal stock current value and its past values and can show if there is a momentum factor associated with investing in Qingdao Baheal Medical.
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 Qingdao Stock
Qingdao Baheal financial ratios help investors to determine whether Qingdao 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 Qingdao with respect to the benefits of owning Qingdao Baheal security.