By Health (China) Market Value
| 300146 Stock | 11.86 0.02 0.17% |
| Symbol | 300146 |
By Health '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 By Health'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 By Health.
| 03/01/2023 |
| 02/18/2025 |
If you would invest 0.00 in By Health on March 1, 2023 and sell it all today you would earn a total of 0.00 from holding By health or generate 0.0% return on investment in By Health over 720 days. By Health is related to or competes with Nancal Energy-Saving, GRG Banking, Huawen Media, Hunan Investment, Shenwu Energy, Hubei Geoway, and Bank of Suzhou. By Health is entity of China. It is traded as Stock on SHE exchange. More
By Health 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 By Health'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 By health upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 5.97 | |||
| Value At Risk | (2.81) | |||
| Potential Upside | 2.32 |
By Health Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for By Health's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as By Health's standard deviation. In reality, there are many statistical measures that can use By Health historical prices to predict the future By Health's volatility.| Risk Adjusted Performance | (0.10) | |||
| Jensen Alpha | (0.24) | |||
| Total Risk Alpha | (0.24) | |||
| Treynor Ratio | (1.65) |
By health Backtested Returns
By health retains Efficiency (Sharpe Ratio) of -0.0965, which signifies that the company had a -0.0965 % return per unit of price deviation over the last 3 months. By Health exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm By Health's Variance of 2.25, market risk adjusted performance of (1.64), and Information Ratio of (0.16) to double-check the risk estimate we provide. The firm owns a Beta (Systematic Risk) of 0.14, which signifies not very significant fluctuations relative to the market. As returns on the market increase, By Health's returns are expected to increase less than the market. However, during the bear market, the loss of holding By Health is expected to be smaller as well. At this point, By health has a negative expected return of -0.15%. Please make sure to confirm By Health's coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if By health performance from the past will be repeated in the future.
Auto-correlation | 0.72 |
Good predictability
By health has good predictability. Overlapping area represents the amount of predictability between By Health time series from 1st of March 2023 to 24th of February 2024 and 24th of February 2024 to 18th of February 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 By health price movement. The serial correlation of 0.72 indicates that around 72.0% of current By Health price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.72 | |
| Spearman Rank Test | 0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 2.89 |
By health lagged returns against current returns
Autocorrelation, which is By Health 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 By Health's stock expected returns. We can calculate the autocorrelation of By Health returns to help us make a trade decision. For example, suppose you find that By Health 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 |
By Health 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 By Health stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if By Health stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in By Health stock over time.
Current vs Lagged Prices |
| Timeline |
By Health Lagged Returns
When evaluating By Health's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of By Health stock have on its future price. By Health 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, By Health autocorrelation shows the relationship between By Health stock current value and its past values and can show if there is a momentum factor associated with investing in By health.
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 300146 Stock
By Health financial ratios help investors to determine whether 300146 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 300146 with respect to the benefits of owning By Health security.