Beijing Wandong (China) Market Value
| 600055 Stock | 17.66 0.30 1.67% |
| Symbol | Beijing |
Beijing Wandong '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 Wandong'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 Beijing Wandong.
| 12/17/2023 |
| 12/11/2024 |
If you would invest 0.00 in Beijing Wandong on December 17, 2023 and sell it all today you would earn a total of 0.00 from holding Beijing Wandong Medical or generate 0.0% return on investment in Beijing Wandong over 360 days. Beijing Wandong is related to or competes with Cultural Investment, Gome Telecom, Holitech Technology, and Zotye Automobile. Beijing Wandong is entity of China. It is traded as Stock on SHG exchange. More
Beijing Wandong 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 Wandong'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 Beijing Wandong Medical upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.73 | |||
| Information Ratio | 0.1412 | |||
| Maximum Drawdown | 18.14 | |||
| Value At Risk | (4.44) | |||
| Potential Upside | 4.77 |
Beijing Wandong Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Beijing Wandong's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Beijing Wandong's standard deviation. In reality, there are many statistical measures that can use Beijing Wandong historical prices to predict the future Beijing Wandong's volatility.| Risk Adjusted Performance | 0.1392 | |||
| Jensen Alpha | 0.5237 | |||
| Total Risk Alpha | 0.062 | |||
| Sortino Ratio | 0.1578 | |||
| Treynor Ratio | 2.98 |
Beijing Wandong Medical Backtested Returns
Beijing Wandong appears to be not too volatile, given 3 months investment horizon. Beijing Wandong Medical secures Sharpe Ratio (or Efficiency) of 0.22, which signifies that the company had a 0.22% return per unit of risk over the last 3 months. By analyzing Beijing Wandong's technical indicators, you can evaluate if the expected return of 0.7% is justified by implied risk. Please makes use of Beijing Wandong's Risk Adjusted Performance of 0.1392, mean deviation of 2.35, and Downside Deviation of 2.73 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Beijing Wandong holds a performance score of 17. The firm shows a Beta (market volatility) of 0.18, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Beijing Wandong's returns are expected to increase less than the market. However, during the bear market, the loss of holding Beijing Wandong is expected to be smaller as well. Please check Beijing Wandong's downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Beijing Wandong's price patterns will revert.
Auto-correlation | -0.42 |
Modest reverse predictability
Beijing Wandong Medical has modest reverse predictability. Overlapping area represents the amount of predictability between Beijing Wandong time series from 17th of December 2023 to 14th of June 2024 and 14th of June 2024 to 11th 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 Wandong Medical price movement. The serial correlation of -0.42 indicates that just about 42.0% of current Beijing Wandong price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.42 | |
| Spearman Rank Test | -0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 3.27 |
Beijing Wandong Medical lagged returns against current returns
Autocorrelation, which is Beijing Wandong 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 Wandong's stock expected returns. We can calculate the autocorrelation of Beijing Wandong returns to help us make a trade decision. For example, suppose you find that Beijing Wandong 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 Wandong 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 Wandong stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Beijing Wandong stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Beijing Wandong stock over time.
Current vs Lagged Prices |
| Timeline |
Beijing Wandong Lagged Returns
When evaluating Beijing Wandong's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Beijing Wandong stock have on its future price. Beijing Wandong 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 Wandong autocorrelation shows the relationship between Beijing Wandong stock current value and its past values and can show if there is a momentum factor associated with investing in Beijing Wandong Medical.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Beijing Stock
Beijing Wandong 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 Wandong security.