BYD ELECTRONIC (Germany) Market Value
| 4BY Stock | 5.91 0.11 1.90% |
| Symbol | BYD |
BYD ELECTRONIC '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 BYD ELECTRONIC'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 BYD ELECTRONIC.
| 12/18/2024 |
| 03/18/2025 |
If you would invest 0.00 in BYD ELECTRONIC on December 18, 2024 and sell it all today you would earn a total of 0.00 from holding BYD ELECTRONIC or generate 0.0% return on investment in BYD ELECTRONIC over 90 days. BYD ELECTRONIC is related to or competes with COFCO Joycome, BlueScope Steel, Axfood AB, Séché Environnement, and Mount Gibson. More
BYD ELECTRONIC 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 BYD ELECTRONIC'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 BYD ELECTRONIC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.15 | |||
| Information Ratio | 0.1049 | |||
| Maximum Drawdown | 34.08 | |||
| Value At Risk | (7.47) | |||
| Potential Upside | 13.4 |
BYD ELECTRONIC Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BYD ELECTRONIC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BYD ELECTRONIC's standard deviation. In reality, there are many statistical measures that can use BYD ELECTRONIC historical prices to predict the future BYD ELECTRONIC's volatility.| Risk Adjusted Performance | 0.0848 | |||
| Jensen Alpha | 0.5312 | |||
| Total Risk Alpha | 1.21 | |||
| Sortino Ratio | 0.1171 | |||
| Treynor Ratio | 1.44 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of BYD ELECTRONIC's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
BYD ELECTRONIC Backtested Returns
BYD ELECTRONIC appears to be unstable, given 3 months investment horizon. BYD ELECTRONIC secures Sharpe Ratio (or Efficiency) of 0.0876, which signifies that the company had a 0.0876 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for BYD ELECTRONIC, which you can use to evaluate the volatility of the firm. Please makes use of BYD ELECTRONIC's Risk Adjusted Performance of 0.0848, downside deviation of 5.15, and Mean Deviation of 3.89 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, BYD ELECTRONIC holds a performance score of 6. The firm shows a Beta (market volatility) of 0.34, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, BYD ELECTRONIC's returns are expected to increase less than the market. However, during the bear market, the loss of holding BYD ELECTRONIC is expected to be smaller as well. Please check BYD ELECTRONIC's sortino ratio, semi variance, and the relationship between the standard deviation and value at risk , to make a quick decision on whether BYD ELECTRONIC's price patterns will revert.
Auto-correlation | -0.39 |
Poor reverse predictability
BYD ELECTRONIC has poor reverse predictability. Overlapping area represents the amount of predictability between BYD ELECTRONIC time series from 18th of December 2024 to 1st of February 2025 and 1st of February 2025 to 18th of March 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 BYD ELECTRONIC price movement. The serial correlation of -0.39 indicates that just about 39.0% of current BYD ELECTRONIC price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.39 | |
| Spearman Rank Test | -0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.43 |
BYD ELECTRONIC lagged returns against current returns
Autocorrelation, which is BYD ELECTRONIC 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 BYD ELECTRONIC's stock expected returns. We can calculate the autocorrelation of BYD ELECTRONIC returns to help us make a trade decision. For example, suppose you find that BYD ELECTRONIC 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 |
BYD ELECTRONIC 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 BYD ELECTRONIC stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BYD ELECTRONIC stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BYD ELECTRONIC stock over time.
Current vs Lagged Prices |
| Timeline |
BYD ELECTRONIC Lagged Returns
When evaluating BYD ELECTRONIC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BYD ELECTRONIC stock have on its future price. BYD ELECTRONIC 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, BYD ELECTRONIC autocorrelation shows the relationship between BYD ELECTRONIC stock current value and its past values and can show if there is a momentum factor associated with investing in BYD ELECTRONIC.
Regressed Prices |
| Timeline |
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Additional Tools for BYD Stock Analysis
When running BYD ELECTRONIC's price analysis, check to measure BYD ELECTRONIC's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy BYD ELECTRONIC is operating at the current time. Most of BYD ELECTRONIC's value examination focuses on studying past and present price action to predict the probability of BYD ELECTRONIC's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move BYD ELECTRONIC's price. Additionally, you may evaluate how the addition of BYD ELECTRONIC to your portfolios can decrease your overall portfolio volatility.