Beijing Ultrapower (China) Market Value
| 300002 Stock | 12.13 0.03 0.25% |
| Symbol | Beijing |
Beijing Ultrapower '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 Ultrapower'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 Ultrapower.
| 11/19/2024 |
| 12/19/2024 |
If you would invest 0.00 in Beijing Ultrapower on November 19, 2024 and sell it all today you would earn a total of 0.00 from holding Beijing Ultrapower Software or generate 0.0% return on investment in Beijing Ultrapower over 30 days. Beijing Ultrapower is related to or competes with Dhc Software, Chengtun Mining, Glodon Software, Xinjiang Baodi, Lonkey Industrial, and China National. Beijing Ultrapower is entity of China. It is traded as Stock on SHE exchange. More
Beijing Ultrapower 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 Ultrapower'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 Ultrapower Software upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.38 | |||
| Information Ratio | 0.1036 | |||
| Maximum Drawdown | 33.43 | |||
| Value At Risk | (6.44) | |||
| Potential Upside | 8.55 |
Beijing Ultrapower Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Beijing Ultrapower's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Beijing Ultrapower's standard deviation. In reality, there are many statistical measures that can use Beijing Ultrapower historical prices to predict the future Beijing Ultrapower's volatility.| Risk Adjusted Performance | 0.0953 | |||
| Jensen Alpha | 0.5523 | |||
| Total Risk Alpha | 0.4252 | |||
| Sortino Ratio | 0.1208 | |||
| Treynor Ratio | (2.39) |
Beijing Ultrapower Backtested Returns
Beijing Ultrapower appears to be slightly risky, given 3 months investment horizon. Beijing Ultrapower 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. By analyzing Beijing Ultrapower's technical indicators, you can evaluate if the expected return of 0.61% is justified by implied risk. Please makes use of Beijing Ultrapower's Downside Deviation of 4.38, risk adjusted performance of 0.0953, and Mean Deviation of 3.51 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Beijing Ultrapower holds a performance score of 9. The firm shows a Beta (market volatility) of -0.23, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Beijing Ultrapower are expected to decrease at a much lower rate. During the bear market, Beijing Ultrapower is likely to outperform the market. Please check Beijing Ultrapower's mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Beijing Ultrapower's price patterns will revert.
Auto-correlation | -0.17 |
Insignificant reverse predictability
Beijing Ultrapower Software has insignificant reverse predictability. Overlapping area represents the amount of predictability between Beijing Ultrapower time series from 19th of November 2024 to 4th of December 2024 and 4th of December 2024 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 Beijing Ultrapower price movement. The serial correlation of -0.17 indicates that over 17.0% of current Beijing Ultrapower price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.17 | |
| Spearman Rank Test | 0.57 | |
| Residual Average | 0.0 | |
| Price Variance | 0.1 |
Beijing Ultrapower lagged returns against current returns
Autocorrelation, which is Beijing Ultrapower 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 Ultrapower's stock expected returns. We can calculate the autocorrelation of Beijing Ultrapower returns to help us make a trade decision. For example, suppose you find that Beijing Ultrapower 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 Ultrapower 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 Ultrapower stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Beijing Ultrapower stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Beijing Ultrapower stock over time.
Current vs Lagged Prices |
| Timeline |
Beijing Ultrapower Lagged Returns
When evaluating Beijing Ultrapower's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Beijing Ultrapower stock have on its future price. Beijing Ultrapower 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 Ultrapower autocorrelation shows the relationship between Beijing Ultrapower stock current value and its past values and can show if there is a momentum factor associated with investing in Beijing Ultrapower Software.
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.Other Information on Investing in Beijing Stock
Beijing Ultrapower 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 Ultrapower security.