Baolong International (Taiwan) Market Value
| 1906 Stock | TWD 13.95 0.45 3.13% |
| Symbol | Baolong |
Baolong International '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 Baolong International'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 Baolong International.
| 12/30/2022 |
| 12/19/2024 |
If you would invest 0.00 in Baolong International on December 30, 2022 and sell it all today you would earn a total of 0.00 from holding Baolong International Co or generate 0.0% return on investment in Baolong International over 720 days. Baolong International is related to or competes with Tainan Spinning, Lealea Enterprise, China Petrochemical, Ruentex Development, WiseChip Semiconductor, Novatek Microelectronics, and Leader Electronics. ,Ltd. engages in the distribution of industrial paper products, including cardboard papers and corrugated papers More
Baolong International 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 Baolong International'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 Baolong International Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 6.98 | |||
| Value At Risk | (1.65) | |||
| Potential Upside | 1.35 |
Baolong International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Baolong International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Baolong International's standard deviation. In reality, there are many statistical measures that can use Baolong International historical prices to predict the future Baolong International's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.10) | |||
| Total Risk Alpha | (0.12) | |||
| Treynor Ratio | (0.47) |
Baolong International Backtested Returns
Baolong International 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. Baolong International Co exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Baolong International's Mean Deviation of 0.7225, standard deviation of 1.05, and Risk Adjusted Performance of (0.06) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.21, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Baolong International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Baolong International is expected to be smaller as well. At this point, Baolong International has a negative expected return of -0.12%. Please make sure to confirm Baolong International's jensen alpha, treynor ratio, and the relationship between the information ratio and total risk alpha , to decide if Baolong International performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.18 |
Very weak predictability
Baolong International Co has very weak predictability. Overlapping area represents the amount of predictability between Baolong International time series from 30th of December 2022 to 25th of December 2023 and 25th of December 2023 to 19th 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 Baolong International price movement. The serial correlation of 0.18 indicates that over 18.0% of current Baolong International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.18 | |
| Spearman Rank Test | 0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 0.19 |
Baolong International lagged returns against current returns
Autocorrelation, which is Baolong International 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 Baolong International's stock expected returns. We can calculate the autocorrelation of Baolong International returns to help us make a trade decision. For example, suppose you find that Baolong International 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 |
Baolong International 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 Baolong International stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Baolong International stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Baolong International stock over time.
Current vs Lagged Prices |
| Timeline |
Baolong International Lagged Returns
When evaluating Baolong International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Baolong International stock have on its future price. Baolong International 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, Baolong International autocorrelation shows the relationship between Baolong International stock current value and its past values and can show if there is a momentum factor associated with investing in Baolong International Co.
Regressed Prices |
| Timeline |
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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.Additional Tools for Baolong Stock Analysis
When running Baolong International's price analysis, check to measure Baolong International's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Baolong International is operating at the current time. Most of Baolong International's value examination focuses on studying past and present price action to predict the probability of Baolong International's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Baolong International's price. Additionally, you may evaluate how the addition of Baolong International to your portfolios can decrease your overall portfolio volatility.