Beken Corp (China) Market Value

603068 Stock   30.95  0.41  1.31%   
Beken Corp's market value is the price at which a share of Beken Corp trades on a public exchange. It measures the collective expectations of Beken Corp investors about its performance. Beken Corp is trading at 30.95 as of the 25th of December 2024, a 1.31% down since the beginning of the trading day. The stock's open price was 31.36.
With this module, you can estimate the performance of a buy and hold strategy of Beken Corp and determine expected loss or profit from investing in Beken Corp over a given investment horizon. Check out Beken Corp Correlation, Beken Corp Volatility and Beken Corp Alpha and Beta module to complement your research on Beken Corp.
Symbol

Please note, there is a significant difference between Beken Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Beken Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Beken Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Beken Corp '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 Beken Corp'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 Beken Corp.
0.00
01/05/2023
No Change 0.00  0.0 
In 1 year 11 months and 22 days
12/25/2024
0.00
If you would invest  0.00  in Beken Corp on January 5, 2023 and sell it all today you would earn a total of 0.00 from holding Beken Corp or generate 0.0% return on investment in Beken Corp over 720 days. Beken Corp is related to or competes with Industrial, China Construction, Agricultural Bank, Bank of China, PetroChina, China Merchants, and CNOOC. Beken Corp is entity of China. It is traded as Stock on SHG exchange. More

Beken Corp 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 Beken Corp'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 Beken Corp upside and downside potential and time the market with a certain degree of confidence.

Beken Corp Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Beken Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Beken Corp's standard deviation. In reality, there are many statistical measures that can use Beken Corp historical prices to predict the future Beken Corp's volatility.
Hype
Prediction
LowEstimatedHigh
26.8331.1135.39
Details
Intrinsic
Valuation
LowRealHigh
20.2124.4934.05
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Beken Corp. Your research has to be compared to or analyzed against Beken Corp's peers to derive any actionable benefits. When done correctly, Beken Corp's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Beken Corp.

Beken Corp Backtested Returns

Beken Corp appears to be not too volatile, given 3 months investment horizon. Beken Corp secures Sharpe Ratio (or Efficiency) of 0.19, which signifies that the company had a 0.19% return per unit of risk over the last 3 months. By analyzing Beken Corp's technical indicators, you can evaluate if the expected return of 0.8% is justified by implied risk. Please makes use of Beken Corp's Mean Deviation of 3.0, downside deviation of 3.8, and Risk Adjusted Performance of 0.1874 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Beken Corp holds a performance score of 14. The firm shows a Beta (market volatility) of -0.37, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Beken Corp are expected to decrease at a much lower rate. During the bear market, Beken Corp is likely to outperform the market. Please check Beken Corp's semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and information ratio , to make a quick decision on whether Beken Corp's price patterns will revert.

Auto-correlation

    
  0.01  

Virtually no predictability

Beken Corp has virtually no predictability. Overlapping area represents the amount of predictability between Beken Corp time series from 5th of January 2023 to 31st of December 2023 and 31st of December 2023 to 25th 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 Beken Corp price movement. The serial correlation of 0.01 indicates that just 1.0% of current Beken Corp price fluctuation can be explain by its past prices.
Correlation Coefficient0.01
Spearman Rank Test-0.17
Residual Average0.0
Price Variance14.96

Beken Corp lagged returns against current returns

Autocorrelation, which is Beken Corp 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 Beken Corp's stock expected returns. We can calculate the autocorrelation of Beken Corp returns to help us make a trade decision. For example, suppose you find that Beken Corp 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  

Beken Corp 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 Beken Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Beken Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Beken Corp stock over time.
   Current vs Lagged Prices   
       Timeline  

Beken Corp Lagged Returns

When evaluating Beken Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Beken Corp stock have on its future price. Beken Corp 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, Beken Corp autocorrelation shows the relationship between Beken Corp stock current value and its past values and can show if there is a momentum factor associated with investing in Beken Corp.
   Regressed Prices   
       Timeline  

Currently Active Assets on Macroaxis

Other Information on Investing in Beken Stock

Beken Corp financial ratios help investors to determine whether Beken 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 Beken with respect to the benefits of owning Beken Corp security.