Beijing Roborock (China) Market Value
| 688169 Stock | 203.52 12.41 5.75% |
| Symbol | Beijing |
Beijing Roborock '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 Roborock'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 Roborock.
| 11/30/2023 |
| 11/24/2024 |
If you would invest 0.00 in Beijing Roborock on November 30, 2023 and sell it all today you would earn a total of 0.00 from holding Beijing Roborock Technology or generate 0.0% return on investment in Beijing Roborock over 360 days. Beijing Roborock is related to or competes with CGN Nuclear, Changjiang Jinggong, Lingyuan Iron, Bengang Steel, Jinhe Biotechnology, Holitech Technology, and Aofu Environmental. Beijing Roborock is entity of China. It is traded as Stock on SHG exchange. More
Beijing Roborock 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 Roborock'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 Roborock Technology upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.51 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 34.8 | |||
| Value At Risk | (5.75) | |||
| Potential Upside | 6.51 |
Beijing Roborock Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Beijing Roborock's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Beijing Roborock's standard deviation. In reality, there are many statistical measures that can use Beijing Roborock historical prices to predict the future Beijing Roborock's volatility.| Risk Adjusted Performance | 0.0143 | |||
| Jensen Alpha | 0.1957 | |||
| Total Risk Alpha | (0.74) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | (0.02) |
Beijing Roborock Tec Backtested Returns
Beijing Roborock Tec secures Sharpe Ratio (or Efficiency) of -0.006, which signifies that the company had a -0.006% return per unit of risk over the last 3 months. Beijing Roborock Technology exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Beijing Roborock's Mean Deviation of 3.25, downside deviation of 4.51, and Risk Adjusted Performance of 0.0143 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -1.39, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Beijing Roborock are expected to decrease by larger amounts. On the other hand, during market turmoil, Beijing Roborock is expected to outperform it. At this point, Beijing Roborock Tec has a negative expected return of -0.0301%. Please make sure to confirm Beijing Roborock's downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to decide if Beijing Roborock Tec performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.66 |
Very good reverse predictability
Beijing Roborock Technology has very good reverse predictability. Overlapping area represents the amount of predictability between Beijing Roborock time series from 30th of November 2023 to 28th of May 2024 and 28th of May 2024 to 24th 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 Roborock Tec price movement. The serial correlation of -0.66 indicates that around 66.0% of current Beijing Roborock price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.66 | |
| Spearman Rank Test | -0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 6014.7 |
Beijing Roborock Tec lagged returns against current returns
Autocorrelation, which is Beijing Roborock 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 Roborock's stock expected returns. We can calculate the autocorrelation of Beijing Roborock returns to help us make a trade decision. For example, suppose you find that Beijing Roborock 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 Roborock 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 Roborock stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Beijing Roborock stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Beijing Roborock stock over time.
Current vs Lagged Prices |
| Timeline |
Beijing Roborock Lagged Returns
When evaluating Beijing Roborock's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Beijing Roborock stock have on its future price. Beijing Roborock 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 Roborock autocorrelation shows the relationship between Beijing Roborock stock current value and its past values and can show if there is a momentum factor associated with investing in Beijing Roborock Technology.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Beijing Stock
Beijing Roborock 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 Roborock security.