BYD Electronic's market value is the price at which a share of BYD Electronic trades on a public exchange. It measures the collective expectations of BYD Electronic investors about its performance. BYD Electronic is trading at 5.45 as of the 1st of February 2025. This is a 0.91 percent decrease since the beginning of the trading day. The stock's lowest day price was 5.45. With this module, you can estimate the performance of a buy and hold strategy of BYD Electronic and determine expected loss or profit from investing in BYD Electronic over a given investment horizon. Check out BYD Electronic Correlation, BYD Electronic Volatility and BYD Electronic Alpha and Beta module to complement your research on BYD Electronic.
Please note, there is a significant difference between BYD Electronic's value and its price as these two are different measures arrived at by different means. Investors typically determine if BYD Electronic is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, BYD Electronic's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
BYD Electronic '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 Electronic's pink sheet 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 Electronic.
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In 31 days
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If you would invest 0.00 in BYD Electronic on January 2, 2025 and sell it all today you would earn a total of 0.00 from holding BYD Electronic or generate 0.0% return on investment in BYD Electronic over 30 days. BYD Electronic is related to or competes with Celestica, Flex, Fabrinet, Corning Incorporated, Vicor, Plexus Corp, and Sanmina. BYD Electronic Company Limited, an investment holding company, designs, manufactures, assembles, and sells mobile handse... More
BYD Electronic 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 Electronic's pink sheet 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 Electronic upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for BYD Electronic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BYD Electronic's standard deviation. In reality, there are many statistical measures that can use BYD Electronic historical prices to predict the future BYD Electronic's volatility.
BYD Electronic appears to be relatively risky, given 3 months investment horizon. BYD Electronic secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the company had a 0.12 % return per unit of risk over the last 3 months. By reviewing BYD Electronic's technical indicators, you can evaluate if the expected return of 0.54% is justified by implied risk. Please makes use of BYD Electronic's Mean Deviation of 2.67, downside deviation of 5.28, and Risk Adjusted Performance of 0.1004 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, BYD Electronic holds a performance score of 9. The firm shows a Beta (market volatility) of 0.55, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, BYD Electronic's returns are expected to increase less than the market. However, during the bear market, the loss of holding BYD Electronic is expected to be smaller as well. Please check BYD Electronic's downside deviation, treynor ratio, expected short fall, as well as the relationship between the jensen alpha and potential upside , to make a quick decision on whether BYD Electronic's price patterns will revert.
Auto-correlation
-0.56
Good reverse predictability
BYD Electronic has good reverse predictability. Overlapping area represents the amount of predictability between BYD Electronic time series from 2nd of January 2025 to 17th of January 2025 and 17th of January 2025 to 1st of February 2025. 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 Electronic price movement. The serial correlation of -0.56 indicates that roughly 56.0% of current BYD Electronic price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.56
Spearman Rank Test
-0.21
Residual Average
0.0
Price Variance
0.15
BYD Electronic lagged returns against current returns
Autocorrelation, which is BYD Electronic pink sheet'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 Electronic's pink sheet expected returns. We can calculate the autocorrelation of BYD Electronic returns to help us make a trade decision. For example, suppose you find that BYD Electronic has exhibited high autocorrelation historically, and you observe that the pink sheet 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 Electronic 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 Electronic pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BYD Electronic pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BYD Electronic pink sheet over time.
Current vs Lagged Prices
Timeline
BYD Electronic Lagged Returns
When evaluating BYD Electronic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BYD Electronic pink sheet have on its future price. BYD Electronic 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 Electronic autocorrelation shows the relationship between BYD Electronic pink sheet current value and its past values and can show if there is a momentum factor associated with investing in BYD Electronic.
BYD Electronic financial ratios help investors to determine whether BYD Pink Sheet 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 Electronic security.