Bus Online (China) Market Value
| 002188 Stock | 5.00 0.05 1.01% |
| Symbol | Bus |
Bus Online '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 Bus Online'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 Bus Online.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Bus Online on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Bus Online Co or generate 0.0% return on investment in Bus Online over 90 days. Bus Online is related to or competes with RoadMain T, Guangzhou Dongfang, Hunan TV, Guangdong Marubi, Jinling Hotel, BTG Hotels, and XiAn Dagang. Bus Online is entity of China. It is traded as Stock on SHE exchange. More
Bus Online 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 Bus Online'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 Bus Online Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.66 | |||
| Information Ratio | 0.0308 | |||
| Maximum Drawdown | 18.15 | |||
| Value At Risk | (5.31) | |||
| Potential Upside | 4.46 |
Bus Online Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bus Online's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bus Online's standard deviation. In reality, there are many statistical measures that can use Bus Online historical prices to predict the future Bus Online's volatility.| Risk Adjusted Performance | 0.0079 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | 0.4036 | |||
| Sortino Ratio | 0.0276 | |||
| Treynor Ratio | 0.1429 |
Bus Online Backtested Returns
At this point, Bus Online is moderately volatile. Bus Online secures Sharpe Ratio (or Efficiency) of 0.0136, which signifies that the company had a 0.0136 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Bus Online Co, which you can use to evaluate the volatility of the firm. Please confirm Bus Online's Mean Deviation of 2.26, downside deviation of 3.66, and Risk Adjusted Performance of 0.0079 to double-check if the risk estimate we provide is consistent with the expected return of 0.0435%. Bus Online has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.0544, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Bus Online are expected to decrease at a much lower rate. During the bear market, Bus Online is likely to outperform the market. Bus Online right now shows a risk of 3.2%. Please confirm Bus Online coefficient of variation, jensen alpha, sortino ratio, as well as the relationship between the information ratio and total risk alpha , to decide if Bus Online will be following its price patterns.
Auto-correlation | -0.42 |
Modest reverse predictability
Bus Online Co has modest reverse predictability. Overlapping area represents the amount of predictability between Bus Online time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th of March 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 Bus Online price movement. The serial correlation of -0.42 indicates that just about 42.0% of current Bus Online price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.42 | |
| Spearman Rank Test | -0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Bus Online lagged returns against current returns
Autocorrelation, which is Bus Online 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 Bus Online's stock expected returns. We can calculate the autocorrelation of Bus Online returns to help us make a trade decision. For example, suppose you find that Bus Online 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 |
Bus Online 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 Bus Online stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bus Online stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bus Online stock over time.
Current vs Lagged Prices |
| Timeline |
Bus Online Lagged Returns
When evaluating Bus Online's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bus Online stock have on its future price. Bus Online 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, Bus Online autocorrelation shows the relationship between Bus Online stock current value and its past values and can show if there is a momentum factor associated with investing in Bus Online Co.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Bus Stock
Bus Online financial ratios help investors to determine whether Bus 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 Bus with respect to the benefits of owning Bus Online security.