Beijing Wantai (China) Market Value
| 603392 Stock | 73.17 1.41 1.96% |
| Symbol | Beijing |
Beijing Wantai '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 Beijing Wantai'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 Beijing Wantai.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Beijing Wantai on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Beijing Wantai Biological or generate 0.0% return on investment in Beijing Wantai over 30 days. Beijing Wantai is related to or competes with China State, Poly Real, China Vanke, China Merchants, Huafa Industrial, China International, and Kweichow Moutai. Beijing Wantai is entity of China. It is traded as Stock on SHG exchange. More
Beijing Wantai 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 Beijing Wantai'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 Beijing Wantai Biological upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.12 | |||
| Information Ratio | 0.0173 | |||
| Maximum Drawdown | 16.51 | |||
| Value At Risk | (3.21) | |||
| Potential Upside | 3.9 |
Beijing Wantai Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Beijing Wantai's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Beijing Wantai's standard deviation. In reality, there are many statistical measures that can use Beijing Wantai historical prices to predict the future Beijing Wantai's volatility.| Risk Adjusted Performance | 0.054 | |||
| Jensen Alpha | 0.1756 | |||
| Total Risk Alpha | (0.18) | |||
| Sortino Ratio | 0.0201 | |||
| Treynor Ratio | (0.42) |
Beijing Wantai Biological Backtested Returns
At this point, Beijing Wantai is very steady. Beijing Wantai Biological secures Sharpe Ratio (or Efficiency) of 0.0163, which signifies that the company had a 0.0163% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Beijing Wantai Biological, which you can use to evaluate the volatility of the firm. Please confirm Beijing Wantai's Mean Deviation of 1.83, risk adjusted performance of 0.054, and Downside Deviation of 2.12 to double-check if the risk estimate we provide is consistent with the expected return of 0.0395%. Beijing Wantai has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.34, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Beijing Wantai are expected to decrease at a much lower rate. During the bear market, Beijing Wantai is likely to outperform the market. Beijing Wantai Biological right now shows a risk of 2.42%. Please confirm Beijing Wantai Biological downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to decide if Beijing Wantai Biological will be following its price patterns.
Auto-correlation | 0.58 |
Modest predictability
Beijing Wantai Biological has modest predictability. Overlapping area represents the amount of predictability between Beijing Wantai time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 Beijing Wantai Biological price movement. The serial correlation of 0.58 indicates that roughly 58.0% of current Beijing Wantai price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.58 | |
| Spearman Rank Test | 0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 2.12 |
Beijing Wantai Biological lagged returns against current returns
Autocorrelation, which is Beijing Wantai 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 Beijing Wantai's stock expected returns. We can calculate the autocorrelation of Beijing Wantai returns to help us make a trade decision. For example, suppose you find that Beijing Wantai 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 |
Beijing Wantai 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 Beijing Wantai stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Beijing Wantai stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Beijing Wantai stock over time.
Current vs Lagged Prices |
| Timeline |
Beijing Wantai Lagged Returns
When evaluating Beijing Wantai's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Beijing Wantai stock have on its future price. Beijing Wantai 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, Beijing Wantai autocorrelation shows the relationship between Beijing Wantai stock current value and its past values and can show if there is a momentum factor associated with investing in Beijing Wantai Biological.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Beijing Stock
Beijing Wantai financial ratios help investors to determine whether Beijing 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 Beijing with respect to the benefits of owning Beijing Wantai security.