BizConf Telecom's market value is the price at which a share of BizConf Telecom trades on a public exchange. It measures the collective expectations of BizConf Telecom Co investors about its performance. BizConf Telecom is trading at 17.56 as of the 4th of January 2025, a 6.79 percent decrease since the beginning of the trading day. The stock's open price was 18.84. With this module, you can estimate the performance of a buy and hold strategy of BizConf Telecom Co and determine expected loss or profit from investing in BizConf Telecom over a given investment horizon. Check out BizConf Telecom Correlation, BizConf Telecom Volatility and BizConf Telecom Alpha and Beta module to complement your research on BizConf Telecom.
Please note, there is a significant difference between BizConf Telecom's value and its price as these two are different measures arrived at by different means. Investors typically determine if BizConf Telecom is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, BizConf Telecom's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
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.
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11/05/2024
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In 2 months and 2 days
01/04/2025
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If you would invest 0.00 in BizConf Telecom on November 5, 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 60 days. BizConf Telecom is related to or competes with JCHX Mining, Jiangsu Financial, Guangdong Silvere, Jinhui Mining, Fujian Oriental, Pengxin International, and Jinhui Liquor. 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.
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.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as BizConf Telecom. Your research has to be compared to or analyzed against BizConf Telecom's peers to derive any actionable benefits. When done correctly, BizConf Telecom's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in BizConf Telecom.
BizConf Telecom Backtested Returns
BizConf Telecom secures Sharpe Ratio (or Efficiency) of -0.0076, which signifies that the company had a -0.0076% return per unit of risk over the last 3 months. BizConf Telecom Co exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm BizConf Telecom's Downside Deviation of 4.57, risk adjusted performance of 0.0775, and Mean Deviation of 4.04 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.33, which signifies possible diversification benefits within a given portfolio. 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. At this point, BizConf Telecom has a negative expected return of -0.0411%. Please make sure to confirm BizConf Telecom's treynor ratio, value at risk, and the relationship between the sortino ratio and maximum drawdown , to decide if BizConf Telecom performance from the past will be repeated at some point in the near future.
Auto-correlation
0.68
Good predictability
BizConf Telecom Co has good predictability. Overlapping area represents the amount of predictability between BizConf Telecom time series from 5th of November 2024 to 5th of December 2024 and 5th of December 2024 to 4th 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 0.68 indicates that around 68.0% of current BizConf Telecom price fluctuation can be explain by its past prices.
Correlation Coefficient
0.68
Spearman Rank Test
0.68
Residual Average
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Price Variance
2.66
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.
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.