Baoshan Iron (China) Market Value
| 600019 Stock | 6.56 0.21 3.10% |
| Symbol | Baoshan |
Baoshan Iron '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 Baoshan Iron'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 Baoshan Iron.
| 01/06/2023 |
| 11/26/2024 |
If you would invest 0.00 in Baoshan Iron on January 6, 2023 and sell it all today you would earn a total of 0.00 from holding Baoshan Iron Steel or generate 0.0% return on investment in Baoshan Iron over 690 days. Baoshan Iron is related to or competes with Wanhua Chemical, Shandong Gold, Rongsheng Petrochemical, Inner Mongolia, Jiangxi Ganfeng, Hoshine Silicon, and Zhejiang Juhua. Baoshan Iron is entity of China. It is traded as Stock on SHG exchange. More
Baoshan Iron 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 Baoshan Iron'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 Baoshan Iron Steel upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.46 | |||
| Information Ratio | 0.0015 | |||
| Maximum Drawdown | 17.37 | |||
| Value At Risk | (3.10) | |||
| Potential Upside | 4.8 |
Baoshan Iron Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Baoshan Iron's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Baoshan Iron's standard deviation. In reality, there are many statistical measures that can use Baoshan Iron historical prices to predict the future Baoshan Iron's volatility.| Risk Adjusted Performance | 0.0482 | |||
| Jensen Alpha | 0.1146 | |||
| Total Risk Alpha | (0.26) | |||
| Sortino Ratio | 0.0015 | |||
| Treynor Ratio | 1.89 |
Baoshan Iron Steel Backtested Returns
At this point, Baoshan Iron is slightly risky. Baoshan Iron Steel secures Sharpe Ratio (or Efficiency) of 0.0739, which signifies that the company had a 0.0739% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Baoshan Iron Steel, which you can use to evaluate the volatility of the firm. Please confirm Baoshan Iron's Downside Deviation of 2.46, mean deviation of 1.6, and Risk Adjusted Performance of 0.0482 to double-check if the risk estimate we provide is consistent with the expected return of 0.19%. Baoshan Iron has a performance score of 5 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.0647, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Baoshan Iron's returns are expected to increase less than the market. However, during the bear market, the loss of holding Baoshan Iron is expected to be smaller as well. Baoshan Iron Steel right now shows a risk of 2.61%. Please confirm Baoshan Iron Steel downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Baoshan Iron Steel will be following its price patterns.
Auto-correlation | -0.01 |
Very weak reverse predictability
Baoshan Iron Steel has very weak reverse predictability. Overlapping area represents the amount of predictability between Baoshan Iron time series from 6th of January 2023 to 17th of December 2023 and 17th 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 Baoshan Iron Steel price movement. The serial correlation of -0.01 indicates that just 1.0% of current Baoshan Iron price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.01 | |
| Spearman Rank Test | 0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.18 |
Baoshan Iron Steel lagged returns against current returns
Autocorrelation, which is Baoshan Iron 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 Baoshan Iron's stock expected returns. We can calculate the autocorrelation of Baoshan Iron returns to help us make a trade decision. For example, suppose you find that Baoshan Iron 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 |
Baoshan Iron 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 Baoshan Iron stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Baoshan Iron stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Baoshan Iron stock over time.
Current vs Lagged Prices |
| Timeline |
Baoshan Iron Lagged Returns
When evaluating Baoshan Iron's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Baoshan Iron stock have on its future price. Baoshan Iron 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, Baoshan Iron autocorrelation shows the relationship between Baoshan Iron stock current value and its past values and can show if there is a momentum factor associated with investing in Baoshan Iron Steel.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Baoshan Stock
Baoshan Iron financial ratios help investors to determine whether Baoshan 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 Baoshan with respect to the benefits of owning Baoshan Iron security.