Beijing SPC (China) Market Value
| 002573 Stock | 4.25 0.03 0.70% |
| Symbol | Beijing |
Beijing SPC '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 SPC'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 SPC.
| 04/06/2024 |
| 12/02/2024 |
If you would invest 0.00 in Beijing SPC on April 6, 2024 and sell it all today you would earn a total of 0.00 from holding Beijing SPC Environment or generate 0.0% return on investment in Beijing SPC over 240 days. Beijing SPC is related to or competes with Zhejiang Yayi, Zijin Mining, Uroica Mining, Ningbo Thermal, Minmetals Capital, Hainan Mining, and Shanghai Yanpu. Beijing SPC is entity of China. It is traded as Stock on SHE exchange. More
Beijing SPC 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 SPC'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 SPC Environment upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.5 | |||
| Information Ratio | 0.0856 | |||
| Maximum Drawdown | 17.04 | |||
| Value At Risk | (3.41) | |||
| Potential Upside | 3.93 |
Beijing SPC Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Beijing SPC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Beijing SPC's standard deviation. In reality, there are many statistical measures that can use Beijing SPC historical prices to predict the future Beijing SPC's volatility.| Risk Adjusted Performance | 0.1144 | |||
| Jensen Alpha | 0.3488 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | 0.0855 | |||
| Treynor Ratio | (6.04) |
Beijing SPC Environment Backtested Returns
Beijing SPC appears to be moderately volatile, given 3 months investment horizon. Beijing SPC Environment secures Sharpe Ratio (or Efficiency) of 0.17, which signifies that the company had a 0.17% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Beijing SPC Environment, which you can use to evaluate the volatility of the firm. Please makes use of Beijing SPC's Risk Adjusted Performance of 0.1144, downside deviation of 2.5, and Mean Deviation of 1.79 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Beijing SPC holds a performance score of 13. The firm shows a Beta (market volatility) of -0.0566, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Beijing SPC are expected to decrease at a much lower rate. During the bear market, Beijing SPC is likely to outperform the market. Please check Beijing SPC's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether Beijing SPC's price patterns will revert.
Auto-correlation | -0.92 |
Near perfect reversele predictability
Beijing SPC Environment has near perfect reversele predictability. Overlapping area represents the amount of predictability between Beijing SPC time series from 6th of April 2024 to 4th of August 2024 and 4th of August 2024 to 2nd 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 SPC Environment price movement. The serial correlation of -0.92 indicates that approximately 92.0% of current Beijing SPC price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.92 | |
| Spearman Rank Test | -0.69 | |
| Residual Average | 0.0 | |
| Price Variance | 0.16 |
Beijing SPC Environment lagged returns against current returns
Autocorrelation, which is Beijing SPC 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 SPC's stock expected returns. We can calculate the autocorrelation of Beijing SPC returns to help us make a trade decision. For example, suppose you find that Beijing SPC 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 SPC 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 SPC stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Beijing SPC stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Beijing SPC stock over time.
Current vs Lagged Prices |
| Timeline |
Beijing SPC Lagged Returns
When evaluating Beijing SPC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Beijing SPC stock have on its future price. Beijing SPC 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 SPC autocorrelation shows the relationship between Beijing SPC stock current value and its past values and can show if there is a momentum factor associated with investing in Beijing SPC Environment.
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 Beijing Stock
Beijing SPC 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 SPC security.