Bank of Beijing Co Ltd (China) Market Value
| 601169 Stock | 5.69 0.09 1.61% |
| Symbol | Bank |
Bank of Beijing Co Ltd '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 Bank of Beijing Co Ltd'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 Bank of Beijing Co Ltd.
| 01/09/2023 |
| 11/29/2024 |
If you would invest 0.00 in Bank of Beijing Co Ltd on January 9, 2023 and sell it all today you would earn a total of 0.00 from holding Bank of Beijing or generate 0.0% return on investment in Bank of Beijing Co Ltd over 690 days. Bank of Beijing Co Ltd is related to or competes with Guilin Seamild, Panda Dairy Corp, Yankershop Food, Hainan Mining, Zhengzhou Qianweiyangchu, Chengtun Mining, and Uroica Mining. Bank of Beijing Co Ltd is entity of China More
Bank of Beijing Co Ltd 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 Bank of Beijing Co Ltd'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 Bank of Beijing upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.16 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 11.93 | |||
| Value At Risk | (3.45) | |||
| Potential Upside | 3.67 |
Bank of Beijing Co Ltd Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bank of Beijing Co Ltd's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bank of Beijing Co Ltd's standard deviation. In reality, there are many statistical measures that can use Bank of Beijing Co Ltd historical prices to predict the future Bank of Beijing Co Ltd's volatility.| Risk Adjusted Performance | 0.0211 | |||
| Jensen Alpha | 0.1059 | |||
| Total Risk Alpha | (0.28) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | (0.05) |
Bank of Beijing Co Ltd Backtested Returns
At this point, Bank of Beijing Co Ltd is slightly risky. Bank of Beijing Co Ltd secures Sharpe Ratio (or Efficiency) of 0.06, which signifies that the company had a 0.06% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Bank of Beijing, which you can use to evaluate the volatility of the firm. Please confirm Bank of Beijing Co Ltd's Downside Deviation of 2.16, mean deviation of 1.47, and Risk Adjusted Performance of 0.0211 to double-check if the risk estimate we provide is consistent with the expected return of 0.13%. Bank of Beijing Co Ltd has a performance score of 4 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.66, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Bank of Beijing Co Ltd are expected to decrease at a much lower rate. During the bear market, Bank of Beijing Co Ltd is likely to outperform the market. Bank of Beijing Co Ltd right now shows a risk of 2.11%. Please confirm Bank of Beijing Co Ltd downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Bank of Beijing Co Ltd will be following its price patterns.
Auto-correlation | 0.66 |
Good predictability
Bank of Beijing has good predictability. Overlapping area represents the amount of predictability between Bank of Beijing Co Ltd time series from 9th of January 2023 to 20th of December 2023 and 20th of December 2023 to 29th 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 Bank of Beijing Co Ltd price movement. The serial correlation of 0.66 indicates that around 66.0% of current Bank of Beijing Co Ltd price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.66 | |
| Spearman Rank Test | 0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 0.14 |
Bank of Beijing Co Ltd lagged returns against current returns
Autocorrelation, which is Bank of Beijing Co Ltd 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 Bank of Beijing Co Ltd's stock expected returns. We can calculate the autocorrelation of Bank of Beijing Co Ltd returns to help us make a trade decision. For example, suppose you find that Bank of Beijing Co Ltd 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 |
Bank of Beijing Co Ltd 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 Bank of Beijing Co Ltd stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bank of Beijing Co Ltd stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bank of Beijing Co Ltd stock over time.
Current vs Lagged Prices |
| Timeline |
Bank of Beijing Co Ltd Lagged Returns
When evaluating Bank of Beijing Co Ltd's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bank of Beijing Co Ltd stock have on its future price. Bank of Beijing Co Ltd 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, Bank of Beijing Co Ltd autocorrelation shows the relationship between Bank of Beijing Co Ltd stock current value and its past values and can show if there is a momentum factor associated with investing in Bank of Beijing.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Bank Stock
Bank of Beijing Co Ltd financial ratios help investors to determine whether Bank 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 Bank with respect to the benefits of owning Bank of Beijing Co Ltd security.