Beijing Tongyizhong (China) Market Value
| 688722 Stock | 14.23 0.42 2.87% |
| Symbol | Beijing |
Beijing Tongyizhong '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 Tongyizhong'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 Tongyizhong.
| 10/13/2024 |
| 12/12/2024 |
If you would invest 0.00 in Beijing Tongyizhong on October 13, 2024 and sell it all today you would earn a total of 0.00 from holding Beijing Tongyizhong New or generate 0.0% return on investment in Beijing Tongyizhong over 60 days. Beijing Tongyizhong is related to or competes with Anhui Deli, Hainan Haiqi, Chongqing Changan, Yindu Kitchen, Guangzhou Automobile, Iat Automobile, and Jahen Household. Beijing Tongyizhong is entity of China. It is traded as Stock on SHG exchange. More
Beijing Tongyizhong 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 Tongyizhong'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 Tongyizhong New upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.71 | |||
| Information Ratio | 0.146 | |||
| Maximum Drawdown | 19.7 | |||
| Value At Risk | (3.01) | |||
| Potential Upside | 5.96 |
Beijing Tongyizhong Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Beijing Tongyizhong's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Beijing Tongyizhong's standard deviation. In reality, there are many statistical measures that can use Beijing Tongyizhong historical prices to predict the future Beijing Tongyizhong's volatility.| Risk Adjusted Performance | 0.1434 | |||
| Jensen Alpha | 0.6018 | |||
| Total Risk Alpha | 0.0775 | |||
| Sortino Ratio | 0.1593 | |||
| Treynor Ratio | (1.14) |
Beijing Tongyizhong New Backtested Returns
Beijing Tongyizhong appears to be somewhat reliable, given 3 months investment horizon. Beijing Tongyizhong New secures Sharpe Ratio (or Efficiency) of 0.23, which signifies that the company had a 0.23% return per unit of risk over the last 3 months. By analyzing Beijing Tongyizhong's technical indicators, you can evaluate if the expected return of 0.71% is justified by implied risk. Please makes use of Beijing Tongyizhong's Mean Deviation of 2.01, downside deviation of 2.71, and Risk Adjusted Performance of 0.1434 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Beijing Tongyizhong holds a performance score of 18. The firm shows a Beta (market volatility) of -0.48, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Beijing Tongyizhong are expected to decrease at a much lower rate. During the bear market, Beijing Tongyizhong is likely to outperform the market. Please check Beijing Tongyizhong's downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Beijing Tongyizhong's price patterns will revert.
Auto-correlation | 0.56 |
Modest predictability
Beijing Tongyizhong New has modest predictability. Overlapping area represents the amount of predictability between Beijing Tongyizhong time series from 13th of October 2024 to 12th of November 2024 and 12th of November 2024 to 12th 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 Beijing Tongyizhong New price movement. The serial correlation of 0.56 indicates that roughly 56.0% of current Beijing Tongyizhong price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.56 | |
| Spearman Rank Test | 0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 0.27 |
Beijing Tongyizhong New lagged returns against current returns
Autocorrelation, which is Beijing Tongyizhong 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 Tongyizhong's stock expected returns. We can calculate the autocorrelation of Beijing Tongyizhong returns to help us make a trade decision. For example, suppose you find that Beijing Tongyizhong 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 Tongyizhong 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 Tongyizhong stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Beijing Tongyizhong stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Beijing Tongyizhong stock over time.
Current vs Lagged Prices |
| Timeline |
Beijing Tongyizhong Lagged Returns
When evaluating Beijing Tongyizhong's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Beijing Tongyizhong stock have on its future price. Beijing Tongyizhong 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 Tongyizhong autocorrelation shows the relationship between Beijing Tongyizhong stock current value and its past values and can show if there is a momentum factor associated with investing in Beijing Tongyizhong New.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Beijing Stock
Beijing Tongyizhong 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 Tongyizhong security.