Bangyan Technology (China) Market Value
| 688132 Stock | 16.92 0.42 2.42% |
| Symbol | Bangyan |
Bangyan Technology '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 Bangyan Technology'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 Bangyan Technology.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Bangyan Technology on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Bangyan Technology Co or generate 0.0% return on investment in Bangyan Technology over 30 days. Bangyan Technology is related to or competes with Industrial, Kweichow Moutai, Agricultural Bank, China Mobile, PetroChina, China Construction, and Bank of China. Bangyan Technology is entity of China. It is traded as Stock on SHG exchange. More
Bangyan Technology 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 Bangyan Technology'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 Bangyan Technology Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.62 | |||
| Information Ratio | 0.0525 | |||
| Maximum Drawdown | 27.66 | |||
| Value At Risk | (5.56) | |||
| Potential Upside | 6.08 |
Bangyan Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bangyan Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bangyan Technology's standard deviation. In reality, there are many statistical measures that can use Bangyan Technology historical prices to predict the future Bangyan Technology's volatility.| Risk Adjusted Performance | 0.0729 | |||
| Jensen Alpha | 0.3952 | |||
| Total Risk Alpha | (0.36) | |||
| Sortino Ratio | 0.0485 | |||
| Treynor Ratio | (1.03) |
Bangyan Technology Backtested Returns
Bangyan Technology appears to be somewhat reliable, given 3 months investment horizon. Bangyan Technology secures Sharpe Ratio (or Efficiency) of 0.11, which signifies that the company had a 0.11% return per unit of risk over the last 3 months. By analyzing Bangyan Technology's technical indicators, you can evaluate if the expected return of 0.5% is justified by implied risk. Please makes use of Bangyan Technology's Downside Deviation of 4.62, risk adjusted performance of 0.0729, and Mean Deviation of 2.79 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Bangyan Technology holds a performance score of 8. 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 Bangyan Technology are expected to decrease at a much lower rate. During the bear market, Bangyan Technology is likely to outperform the market. Please check Bangyan Technology's information ratio, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Bangyan Technology's price patterns will revert.
Auto-correlation | 0.00 |
No correlation between past and present
Bangyan Technology Co has no correlation between past and present. Overlapping area represents the amount of predictability between Bangyan Technology time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Bangyan Technology price movement. The serial correlation of 0.0 indicates that just 0.0% of current Bangyan Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.15 |
Bangyan Technology lagged returns against current returns
Autocorrelation, which is Bangyan Technology 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 Bangyan Technology's stock expected returns. We can calculate the autocorrelation of Bangyan Technology returns to help us make a trade decision. For example, suppose you find that Bangyan Technology 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 |
Bangyan Technology 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 Bangyan Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bangyan Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bangyan Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Bangyan Technology Lagged Returns
When evaluating Bangyan Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bangyan Technology stock have on its future price. Bangyan Technology 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, Bangyan Technology autocorrelation shows the relationship between Bangyan Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Bangyan Technology Co.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Bangyan Stock
Bangyan Technology financial ratios help investors to determine whether Bangyan 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 Bangyan with respect to the benefits of owning Bangyan Technology security.