Qingdao NovelBeam (China) Market Value
| 688677 Stock | 36.30 0.04 0.11% |
| Symbol | Qingdao |
Qingdao NovelBeam '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 Qingdao NovelBeam'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 Qingdao NovelBeam.
| 02/09/2023 |
| 11/30/2024 |
If you would invest 0.00 in Qingdao NovelBeam on February 9, 2023 and sell it all today you would earn a total of 0.00 from holding Qingdao NovelBeam Technology or generate 0.0% return on investment in Qingdao NovelBeam over 660 days. Qingdao NovelBeam is related to or competes with Penyao Environmental, Impulse Qingdao, Heren Health, Meinian Onehealth, Hangzhou Minsheng, Elite Color, and Tongxing Environmental. Qingdao NovelBeam is entity of China. It is traded as Stock on SHG exchange. More
Qingdao NovelBeam 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 Qingdao NovelBeam'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 Qingdao NovelBeam Technology upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.44 | |||
| Information Ratio | 0.0839 | |||
| Maximum Drawdown | 25.01 | |||
| Value At Risk | (4.88) | |||
| Potential Upside | 5.87 |
Qingdao NovelBeam Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Qingdao NovelBeam's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Qingdao NovelBeam's standard deviation. In reality, there are many statistical measures that can use Qingdao NovelBeam historical prices to predict the future Qingdao NovelBeam's volatility.| Risk Adjusted Performance | 0.1001 | |||
| Jensen Alpha | 0.51 | |||
| Total Risk Alpha | (0.18) | |||
| Sortino Ratio | 0.0914 | |||
| Treynor Ratio | (0.83) |
Qingdao NovelBeam Backtested Returns
Qingdao NovelBeam appears to be not too volatile, given 3 months investment horizon. Qingdao NovelBeam maintains Sharpe Ratio (i.e., Efficiency) of 0.14, which implies the firm had a 0.14% return per unit of risk over the last 3 months. By analyzing Qingdao NovelBeam's technical indicators, you can evaluate if the expected return of 0.56% is justified by implied risk. Please evaluate Qingdao NovelBeam's Risk Adjusted Performance of 0.1001, coefficient of variation of 829.21, and Semi Deviation of 3.1 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Qingdao NovelBeam holds a performance score of 11. The company holds a Beta of -0.53, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Qingdao NovelBeam are expected to decrease at a much lower rate. During the bear market, Qingdao NovelBeam is likely to outperform the market. Please check Qingdao NovelBeam's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Qingdao NovelBeam's historical price patterns will revert.
Auto-correlation | 0.78 |
Good predictability
Qingdao NovelBeam Technology has good predictability. Overlapping area represents the amount of predictability between Qingdao NovelBeam time series from 9th of February 2023 to 5th of January 2024 and 5th of January 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 Qingdao NovelBeam price movement. The serial correlation of 0.78 indicates that around 78.0% of current Qingdao NovelBeam price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.78 | |
| Spearman Rank Test | 0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 70.84 |
Qingdao NovelBeam lagged returns against current returns
Autocorrelation, which is Qingdao NovelBeam 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 Qingdao NovelBeam's stock expected returns. We can calculate the autocorrelation of Qingdao NovelBeam returns to help us make a trade decision. For example, suppose you find that Qingdao NovelBeam 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 |
Qingdao NovelBeam 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 Qingdao NovelBeam stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Qingdao NovelBeam stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Qingdao NovelBeam stock over time.
Current vs Lagged Prices |
| Timeline |
Qingdao NovelBeam Lagged Returns
When evaluating Qingdao NovelBeam's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Qingdao NovelBeam stock have on its future price. Qingdao NovelBeam 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, Qingdao NovelBeam autocorrelation shows the relationship between Qingdao NovelBeam stock current value and its past values and can show if there is a momentum factor associated with investing in Qingdao NovelBeam Technology.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Qingdao Stock
Qingdao NovelBeam financial ratios help investors to determine whether Qingdao 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 Qingdao with respect to the benefits of owning Qingdao NovelBeam security.