BizConf Telecom (China) Market Value
| 300578 Stock | 18.44 0.02 0.11% |
| Symbol | BizConf |
BizConf Telecom '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 BizConf Telecom'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 BizConf Telecom.
| 12/22/2024 |
| 01/21/2025 |
If you would invest 0.00 in BizConf Telecom on December 22, 2024 and sell it all today you would earn a total of 0.00 from holding BizConf Telecom Co or generate 0.0% return on investment in BizConf Telecom over 30 days. BizConf Telecom is related to or competes with Industrial, Kweichow Moutai, Agricultural Bank, China Mobile, PetroChina, Bank of China, and China Construction. BizConf Telecom is entity of China. It is traded as Stock on SHE exchange. More
BizConf Telecom 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 BizConf Telecom'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 BizConf Telecom Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.88 | |||
| Information Ratio | 0.0343 | |||
| Maximum Drawdown | 29.89 | |||
| Value At Risk | (6.79) | |||
| Potential Upside | 9.13 |
BizConf Telecom Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BizConf Telecom's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BizConf Telecom's standard deviation. In reality, there are many statistical measures that can use BizConf Telecom historical prices to predict the future BizConf Telecom's volatility.| Risk Adjusted Performance | 0.0419 | |||
| Jensen Alpha | 0.1976 | |||
| Total Risk Alpha | 0.0741 | |||
| Sortino Ratio | 0.0447 | |||
| Treynor Ratio | (0.89) |
BizConf Telecom Backtested Returns
BizConf Telecom appears to be somewhat reliable, given 3 months investment horizon. BizConf Telecom secures Sharpe Ratio (or Efficiency) of 0.0402, which signifies that the company had a 0.0402 % return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for BizConf Telecom Co, which you can use to evaluate the volatility of the firm. Please makes use of BizConf Telecom's Downside Deviation of 3.88, risk adjusted performance of 0.0419, and Mean Deviation of 3.3 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, BizConf Telecom holds a performance score of 3. The firm shows a Beta (market volatility) of -0.22, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning BizConf Telecom are expected to decrease at a much lower rate. During the bear market, BizConf Telecom is likely to outperform the market. Please check BizConf Telecom's total risk alpha, treynor ratio, value at risk, as well as the relationship between the sortino ratio and maximum drawdown , to make a quick decision on whether BizConf Telecom's price patterns will revert.
Auto-correlation | -0.65 |
Very good reverse predictability
BizConf Telecom Co has very good reverse predictability. Overlapping area represents the amount of predictability between BizConf Telecom time series from 22nd of December 2024 to 6th of January 2025 and 6th of January 2025 to 21st of January 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 BizConf Telecom price movement. The serial correlation of -0.65 indicates that roughly 65.0% of current BizConf Telecom price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.65 | |
| Spearman Rank Test | -0.72 | |
| Residual Average | 0.0 | |
| Price Variance | 0.24 |
BizConf Telecom lagged returns against current returns
Autocorrelation, which is BizConf Telecom 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 BizConf Telecom's stock expected returns. We can calculate the autocorrelation of BizConf Telecom returns to help us make a trade decision. For example, suppose you find that BizConf Telecom 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 |
BizConf Telecom 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 BizConf Telecom stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BizConf Telecom stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BizConf Telecom stock over time.
Current vs Lagged Prices |
| Timeline |
BizConf Telecom Lagged Returns
When evaluating BizConf Telecom's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BizConf Telecom stock have on its future price. BizConf Telecom 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, BizConf Telecom autocorrelation shows the relationship between BizConf Telecom stock current value and its past values and can show if there is a momentum factor associated with investing in BizConf Telecom Co.
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 BizConf Stock
BizConf Telecom financial ratios help investors to determine whether BizConf 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 BizConf with respect to the benefits of owning BizConf Telecom security.