Baoshan Iron (China) Market Value
| 600019 Stock | 6.62 0.02 0.30% |
| Symbol | Baoshan |
Baoshan Iron '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 Baoshan Iron'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 Baoshan Iron.
| 06/01/2024 |
| 11/28/2024 |
If you would invest 0.00 in Baoshan Iron on June 1, 2024 and sell it all today you would earn a total of 0.00 from holding Baoshan Iron Steel or generate 0.0% return on investment in Baoshan Iron over 180 days. Baoshan Iron is related to or competes with Wanhua Chemical, Rongsheng Petrochemical, and Hoshine Silicon. Baoshan Iron is entity of China. It is traded as Stock on SHG exchange. More
Baoshan Iron 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 Baoshan Iron'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 Baoshan Iron Steel upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.46 | |||
| Information Ratio | 0.0096 | |||
| Maximum Drawdown | 17.37 | |||
| Value At Risk | (3.10) | |||
| Potential Upside | 4.8 |
Baoshan Iron Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Baoshan Iron's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Baoshan Iron's standard deviation. In reality, there are many statistical measures that can use Baoshan Iron historical prices to predict the future Baoshan Iron's volatility.| Risk Adjusted Performance | 0.0534 | |||
| Jensen Alpha | 0.1904 | |||
| Total Risk Alpha | (0.23) | |||
| Sortino Ratio | 0.0096 | |||
| Treynor Ratio | (0.31) |
Baoshan Iron Steel Backtested Returns
Baoshan Iron appears to be slightly risky, given 3 months investment horizon. Baoshan Iron Steel secures Sharpe Ratio (or Efficiency) of 0.0832, which signifies that the company had a 0.0832% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Baoshan Iron Steel, which you can use to evaluate the volatility of the firm. Please makes use of Baoshan Iron's Mean Deviation of 1.61, downside deviation of 2.46, and Risk Adjusted Performance of 0.0534 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Baoshan Iron holds a performance score of 6. The firm shows a Beta (market volatility) of -0.45, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Baoshan Iron are expected to decrease at a much lower rate. During the bear market, Baoshan Iron is likely to outperform the market. Please check Baoshan Iron's information ratio, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Baoshan Iron's price patterns will revert.
Auto-correlation | 0.00 |
No correlation between past and present
Baoshan Iron Steel has no correlation between past and present. Overlapping area represents the amount of predictability between Baoshan Iron time series from 1st of June 2024 to 30th of August 2024 and 30th of August 2024 to 28th of November 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 Baoshan Iron Steel price movement. The serial correlation of 0.0 indicates that just 0.0% of current Baoshan Iron price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | -0.53 | |
| Residual Average | 0.0 | |
| Price Variance | 0.2 |
Baoshan Iron Steel lagged returns against current returns
Autocorrelation, which is Baoshan Iron 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 Baoshan Iron's stock expected returns. We can calculate the autocorrelation of Baoshan Iron returns to help us make a trade decision. For example, suppose you find that Baoshan Iron 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 |
Baoshan Iron 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 Baoshan Iron stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Baoshan Iron stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Baoshan Iron stock over time.
Current vs Lagged Prices |
| Timeline |
Baoshan Iron Lagged Returns
When evaluating Baoshan Iron's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Baoshan Iron stock have on its future price. Baoshan Iron 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, Baoshan Iron autocorrelation shows the relationship between Baoshan Iron stock current value and its past values and can show if there is a momentum factor associated with investing in Baoshan Iron Steel.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Baoshan Stock
Baoshan Iron financial ratios help investors to determine whether Baoshan 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 Baoshan with respect to the benefits of owning Baoshan Iron security.