BaoJi Titanium (China) Market Value
| 600456 Stock | 29.35 0.32 1.10% |
| Symbol | BaoJi |
BaoJi Titanium '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 BaoJi Titanium'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 BaoJi Titanium.
| 04/06/2024 |
| 12/02/2024 |
If you would invest 0.00 in BaoJi Titanium on April 6, 2024 and sell it all today you would earn a total of 0.00 from holding BaoJi Titanium Industry or generate 0.0% return on investment in BaoJi Titanium over 240 days. BaoJi Titanium is related to or competes with Beijing HuaYuanYiTong, Ye Chiu, Citic Guoan, Tibet Huayu, China Nonferrous, Chengtun Mining, and Easyhome New. BaoJi Titanium is entity of China. It is traded as Stock on SHG exchange. More
BaoJi Titanium 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 BaoJi Titanium'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 BaoJi Titanium Industry upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.5 | |||
| Information Ratio | 0.0478 | |||
| Maximum Drawdown | 18.01 | |||
| Value At Risk | (4.80) | |||
| Potential Upside | 4.93 |
BaoJi Titanium Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BaoJi Titanium's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BaoJi Titanium's standard deviation. In reality, there are many statistical measures that can use BaoJi Titanium historical prices to predict the future BaoJi Titanium's volatility.| Risk Adjusted Performance | 0.0802 | |||
| Jensen Alpha | 0.3082 | |||
| Total Risk Alpha | (0.22) | |||
| Sortino Ratio | 0.0555 | |||
| Treynor Ratio | (0.81) |
BaoJi Titanium Industry Backtested Returns
BaoJi Titanium appears to be not too volatile, given 3 months investment horizon. BaoJi Titanium Industry secures Sharpe Ratio (or Efficiency) of 0.0676, which signifies that the company had a 0.0676% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for BaoJi Titanium Industry, which you can use to evaluate the volatility of the firm. Please makes use of BaoJi Titanium's Mean Deviation of 1.99, downside deviation of 2.5, and Risk Adjusted Performance of 0.0802 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, BaoJi Titanium holds a performance score of 5. The firm shows a Beta (market volatility) of -0.33, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning BaoJi Titanium are expected to decrease at a much lower rate. During the bear market, BaoJi Titanium is likely to outperform the market. Please check BaoJi Titanium's information ratio, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether BaoJi Titanium's price patterns will revert.
Auto-correlation | -0.36 |
Poor reverse predictability
BaoJi Titanium Industry has poor reverse predictability. Overlapping area represents the amount of predictability between BaoJi Titanium 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 BaoJi Titanium Industry price movement. The serial correlation of -0.36 indicates that just about 36.0% of current BaoJi Titanium price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.36 | |
| Spearman Rank Test | -0.51 | |
| Residual Average | 0.0 | |
| Price Variance | 9.68 |
BaoJi Titanium Industry lagged returns against current returns
Autocorrelation, which is BaoJi Titanium 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 BaoJi Titanium's stock expected returns. We can calculate the autocorrelation of BaoJi Titanium returns to help us make a trade decision. For example, suppose you find that BaoJi Titanium 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 |
BaoJi Titanium 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 BaoJi Titanium stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BaoJi Titanium stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BaoJi Titanium stock over time.
Current vs Lagged Prices |
| Timeline |
BaoJi Titanium Lagged Returns
When evaluating BaoJi Titanium's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BaoJi Titanium stock have on its future price. BaoJi Titanium 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, BaoJi Titanium autocorrelation shows the relationship between BaoJi Titanium stock current value and its past values and can show if there is a momentum factor associated with investing in BaoJi Titanium Industry.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in BaoJi Stock
BaoJi Titanium financial ratios help investors to determine whether BaoJi 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 BaoJi with respect to the benefits of owning BaoJi Titanium security.