BYD Company (Germany) Market Value
| BY6 Stock | EUR 32.02 0.21 0.65% |
| Symbol | BYD |
BYD Company '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 BYD Company'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 BYD Company.
| 08/28/2024 |
| 11/26/2024 |
If you would invest 0.00 in BYD Company on August 28, 2024 and sell it all today you would earn a total of 0.00 from holding BYD Company Limited or generate 0.0% return on investment in BYD Company over 90 days. BYD Company is related to or competes with Superior Plus, NMI Holdings, Origin Agritech, SIVERS SEMICONDUCTORS, Talanx AG, NorAm Drilling, and Identiv. BYD Company Limited, together with its subsidiaries, primarily engages in the research, development, manufacture, and sa... More
BYD Company 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 BYD Company'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 BYD Company Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.72 | |||
| Information Ratio | 0.0803 | |||
| Maximum Drawdown | 16.57 | |||
| Value At Risk | (3.49) | |||
| Potential Upside | 5.46 |
BYD Company Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BYD Company's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BYD Company's standard deviation. In reality, there are many statistical measures that can use BYD Company historical prices to predict the future BYD Company's volatility.| Risk Adjusted Performance | 0.1061 | |||
| Jensen Alpha | 0.3779 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | 0.0794 | |||
| Treynor Ratio | (0.98) |
BYD Limited Backtested Returns
BYD Company appears to be very steady, given 3 months investment horizon. BYD Limited secures Sharpe Ratio (or Efficiency) of 0.15, which signifies that the company had a 0.15% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for BYD Company Limited, which you can use to evaluate the volatility of the firm. Please makes use of BYD Company's Downside Deviation of 2.72, risk adjusted performance of 0.1061, and Mean Deviation of 1.88 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, BYD Company holds a performance score of 11. 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 BYD Company are expected to decrease at a much lower rate. During the bear market, BYD Company is likely to outperform the market. Please check BYD Company's mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether BYD Company's price patterns will revert.
Auto-correlation | -0.58 |
Good reverse predictability
BYD Company Limited has good reverse predictability. Overlapping area represents the amount of predictability between BYD Company time series from 28th of August 2024 to 12th of October 2024 and 12th of October 2024 to 26th 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 BYD Limited price movement. The serial correlation of -0.58 indicates that roughly 58.0% of current BYD Company price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.58 | |
| Spearman Rank Test | -0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 1.12 |
BYD Limited lagged returns against current returns
Autocorrelation, which is BYD Company 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 BYD Company's stock expected returns. We can calculate the autocorrelation of BYD Company returns to help us make a trade decision. For example, suppose you find that BYD Company 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 |
BYD Company 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 BYD Company stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BYD Company stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BYD Company stock over time.
Current vs Lagged Prices |
| Timeline |
BYD Company Lagged Returns
When evaluating BYD Company's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BYD Company stock have on its future price. BYD Company 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, BYD Company autocorrelation shows the relationship between BYD Company stock current value and its past values and can show if there is a momentum factor associated with investing in BYD Company Limited.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in BYD Stock
BYD Company financial ratios help investors to determine whether BYD 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 BYD with respect to the benefits of owning BYD Company security.