Bank of Qingdao (China) Market Value
| 002948 Stock | 3.84 0.05 1.32% |
| Symbol | Bank |
Bank of Qingdao '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 Bank of Qingdao'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 Bank of Qingdao.
| 11/24/2024 |
| 12/24/2024 |
If you would invest 0.00 in Bank of Qingdao on November 24, 2024 and sell it all today you would earn a total of 0.00 from holding Bank of Qingdao or generate 0.0% return on investment in Bank of Qingdao over 30 days. Bank of Qingdao is related to or competes with BYD Co, China Mobile, Agricultural Bank, Industrial, China State, China Construction, and PetroChina. Bank of Qingdao is entity of China. It is traded as Stock on SHE exchange. More
Bank of Qingdao 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 Bank of Qingdao'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 Bank of Qingdao upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.13 | |||
| Information Ratio | 0.1389 | |||
| Maximum Drawdown | 15.7 | |||
| Value At Risk | (2.57) | |||
| Potential Upside | 4.42 |
Bank of Qingdao Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bank of Qingdao's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bank of Qingdao's standard deviation. In reality, there are many statistical measures that can use Bank of Qingdao historical prices to predict the future Bank of Qingdao's volatility.| Risk Adjusted Performance | 0.1286 | |||
| Jensen Alpha | 0.3356 | |||
| Total Risk Alpha | 0.2593 | |||
| Sortino Ratio | 0.1406 | |||
| Treynor Ratio | (0.56) |
Bank of Qingdao Backtested Returns
Bank of Qingdao appears to be moderately volatile, given 3 months investment horizon. Bank of Qingdao secures Sharpe Ratio (or Efficiency) of 0.11, which signifies that the company had a 0.11% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Bank of Qingdao, which you can use to evaluate the volatility of the firm. Please makes use of Bank of Qingdao's Downside Deviation of 2.13, mean deviation of 1.46, and Risk Adjusted Performance of 0.1286 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Bank of Qingdao holds a performance score of 8. The firm shows a Beta (market volatility) of -0.58, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Bank of Qingdao are expected to decrease at a much lower rate. During the bear market, Bank of Qingdao is likely to outperform the market. Please check Bank of Qingdao's semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and information ratio , to make a quick decision on whether Bank of Qingdao's price patterns will revert.
Auto-correlation | -0.54 |
Good reverse predictability
Bank of Qingdao has good reverse predictability. Overlapping area represents the amount of predictability between Bank of Qingdao time series from 24th of November 2024 to 9th of December 2024 and 9th of December 2024 to 24th 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 Bank of Qingdao price movement. The serial correlation of -0.54 indicates that about 54.0% of current Bank of Qingdao price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.54 | |
| Spearman Rank Test | -0.51 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Bank of Qingdao lagged returns against current returns
Autocorrelation, which is Bank of Qingdao 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 Bank of Qingdao's stock expected returns. We can calculate the autocorrelation of Bank of Qingdao returns to help us make a trade decision. For example, suppose you find that Bank of Qingdao 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 |
Bank of Qingdao 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 Bank of Qingdao stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bank of Qingdao stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bank of Qingdao stock over time.
Current vs Lagged Prices |
| Timeline |
Bank of Qingdao Lagged Returns
When evaluating Bank of Qingdao's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bank of Qingdao stock have on its future price. Bank of Qingdao 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, Bank of Qingdao autocorrelation shows the relationship between Bank of Qingdao stock current value and its past values and can show if there is a momentum factor associated with investing in Bank of Qingdao.
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 Bank Stock
Bank of Qingdao financial ratios help investors to determine whether Bank 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 Bank with respect to the benefits of owning Bank of Qingdao security.