Bosideng International (Germany) Market Value
| 3BD Stock | EUR 0.49 0.04 7.55% |
| Symbol | Bosideng |
Bosideng International '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 Bosideng International'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 Bosideng International.
| 12/07/2022 |
| 11/26/2024 |
If you would invest 0.00 in Bosideng International on December 7, 2022 and sell it all today you would earn a total of 0.00 from holding Bosideng International Holdings or generate 0.0% return on investment in Bosideng International over 720 days. Bosideng International is related to or competes with Plastic Omnium, NEWELL RUBBERMAID, GOODYEAR T, GEELY AUTOMOBILE, INTER CARS, Goodyear Tire, and Mitsubishi Materials. Bosideng International Holdings Limited researches, designs, develops, manufactures, markets, and distributes branded do... More
Bosideng International 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 Bosideng International'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 Bosideng International Holdings upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.91 | |||
| Information Ratio | 0.0671 | |||
| Maximum Drawdown | 18.32 | |||
| Value At Risk | (5.56) | |||
| Potential Upside | 7.84 |
Bosideng International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bosideng International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bosideng International's standard deviation. In reality, there are many statistical measures that can use Bosideng International historical prices to predict the future Bosideng International's volatility.| Risk Adjusted Performance | 0.0845 | |||
| Jensen Alpha | 0.3725 | |||
| Total Risk Alpha | (0.23) | |||
| Sortino Ratio | 0.0672 | |||
| Treynor Ratio | 4.96 |
Bosideng International Backtested Returns
Bosideng International appears to be abnormally volatile, given 3 months investment horizon. Bosideng International secures Sharpe Ratio (or Efficiency) of 0.11, which signifies that the company had a 0.11% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Bosideng International Holdings, which you can use to evaluate the volatility of the firm. Please makes use of Bosideng International's Mean Deviation of 2.98, downside deviation of 3.91, and Risk Adjusted Performance of 0.0845 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Bosideng International holds a performance score of 8. The firm shows a Beta (market volatility) of 0.0769, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Bosideng International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Bosideng International is expected to be smaller as well. Please check Bosideng International's total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether Bosideng International's price patterns will revert.
Auto-correlation | 0.71 |
Good predictability
Bosideng International Holdings has good predictability. Overlapping area represents the amount of predictability between Bosideng International time series from 7th of December 2022 to 2nd of December 2023 and 2nd of December 2023 to 26th 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 Bosideng International price movement. The serial correlation of 0.71 indicates that around 71.0% of current Bosideng International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.71 | |
| Spearman Rank Test | 0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Bosideng International lagged returns against current returns
Autocorrelation, which is Bosideng International 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 Bosideng International's stock expected returns. We can calculate the autocorrelation of Bosideng International returns to help us make a trade decision. For example, suppose you find that Bosideng International 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 |
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Bosideng International 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 Bosideng International stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bosideng International stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bosideng International stock over time.
Current vs Lagged Prices |
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Bosideng International Lagged Returns
When evaluating Bosideng International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bosideng International stock have on its future price. Bosideng International 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, Bosideng International autocorrelation shows the relationship between Bosideng International stock current value and its past values and can show if there is a momentum factor associated with investing in Bosideng International Holdings.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Bosideng Stock
Bosideng International financial ratios help investors to determine whether Bosideng 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 Bosideng with respect to the benefits of owning Bosideng International security.