Beijing Compass (China) Market Value
| 300803 Stock | 94.07 1.08 1.14% |
| Symbol | Beijing |
Beijing Compass '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 Compass' 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 Compass.
| 06/21/2024 |
| 12/18/2024 |
If you would invest 0.00 in Beijing Compass on June 21, 2024 and sell it all today you would earn a total of 0.00 from holding Beijing Compass Technology or generate 0.0% return on investment in Beijing Compass over 180 days. Beijing Compass is related to or competes with Ming Yang, Loctek Ergonomic, Hunan Nanling, Jiangsu Seagull, Inner Mongolia, Shanghai Zhangjiang, and 3onedata. Beijing Compass is entity of China. It is traded as Stock on SHE exchange. More
Beijing Compass 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 Compass' 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 Compass Technology upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.59 | |||
| Information Ratio | 0.2311 | |||
| Maximum Drawdown | 33.25 | |||
| Value At Risk | (7.73) | |||
| Potential Upside | 20.0 |
Beijing Compass Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Beijing Compass' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Beijing Compass' standard deviation. In reality, there are many statistical measures that can use Beijing Compass historical prices to predict the future Beijing Compass' volatility.| Risk Adjusted Performance | 0.1832 | |||
| Jensen Alpha | 1.77 | |||
| Total Risk Alpha | 1.17 | |||
| Sortino Ratio | 0.3689 | |||
| Treynor Ratio | (4.28) |
Beijing Compass Tech Backtested Returns
Beijing Compass is not too volatile given 3 months investment horizon. Beijing Compass Tech secures Sharpe Ratio (or Efficiency) of 0.25, which signifies that the company had a 0.25% return per unit of risk over the last 3 months. We were able to analyze twenty-eight different technical indicators, which can help you to evaluate if expected returns of 1.89% are justified by taking the suggested risk. Use Beijing Compass Risk Adjusted Performance of 0.1832, mean deviation of 5.49, and Downside Deviation of 4.59 to evaluate company specific risk that cannot be diversified away. Beijing Compass holds a performance score of 19 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -0.41, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Beijing Compass are expected to decrease at a much lower rate. During the bear market, Beijing Compass is likely to outperform the market. Use Beijing Compass downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to analyze future returns on Beijing Compass.
Auto-correlation | -0.33 |
Poor reverse predictability
Beijing Compass Technology has poor reverse predictability. Overlapping area represents the amount of predictability between Beijing Compass time series from 21st of June 2024 to 19th of September 2024 and 19th of September 2024 to 18th 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 Compass Tech price movement. The serial correlation of -0.33 indicates that nearly 33.0% of current Beijing Compass price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.33 | |
| Spearman Rank Test | 0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 375.05 |
Beijing Compass Tech lagged returns against current returns
Autocorrelation, which is Beijing Compass 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 Compass' stock expected returns. We can calculate the autocorrelation of Beijing Compass returns to help us make a trade decision. For example, suppose you find that Beijing Compass 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 Compass 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 Compass stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Beijing Compass stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Beijing Compass stock over time.
Current vs Lagged Prices |
| Timeline |
Beijing Compass Lagged Returns
When evaluating Beijing Compass' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Beijing Compass stock have on its future price. Beijing Compass 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 Compass autocorrelation shows the relationship between Beijing Compass stock current value and its past values and can show if there is a momentum factor associated with investing in Beijing Compass Technology.
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 Beijing Stock
Beijing Compass 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 Compass security.