Beijing Dalong (China) Market Value
| 600159 Stock | 2.41 0.12 5.24% |
| Symbol | Beijing |
Beijing Dalong '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 Dalong'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 Dalong.
| 11/05/2024 |
| 01/04/2025 |
If you would invest 0.00 in Beijing Dalong on November 5, 2024 and sell it all today you would earn a total of 0.00 from holding Beijing Dalong Weiye or generate 0.0% return on investment in Beijing Dalong over 60 days. Beijing Dalong is related to or competes with China Petroleum, PetroChina, China State, China Railway, China Railway, China Mobile, and Industrial. Beijing Dalong is entity of China. It is traded as Stock on SHG exchange. More
Beijing Dalong 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 Dalong'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 Dalong Weiye upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.88 | |||
| Information Ratio | 0.0085 | |||
| Maximum Drawdown | 17.55 | |||
| Value At Risk | (7.27) | |||
| Potential Upside | 5.12 |
Beijing Dalong Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Beijing Dalong's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Beijing Dalong's standard deviation. In reality, there are many statistical measures that can use Beijing Dalong historical prices to predict the future Beijing Dalong's volatility.| Risk Adjusted Performance | 0.0196 | |||
| Jensen Alpha | 0.0384 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.0079 | |||
| Treynor Ratio | 0.1115 |
Beijing Dalong Weiye Backtested Returns
Beijing Dalong Weiye secures Sharpe Ratio (or Efficiency) of -0.0577, which signifies that the company had a -0.0577% return per unit of risk over the last 3 months. Beijing Dalong Weiye exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Beijing Dalong's Risk Adjusted Performance of 0.0196, downside deviation of 3.88, and Mean Deviation of 2.76 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.39, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Beijing Dalong's returns are expected to increase less than the market. However, during the bear market, the loss of holding Beijing Dalong is expected to be smaller as well. At this point, Beijing Dalong Weiye has a negative expected return of -0.2%. Please make sure to confirm Beijing Dalong's mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to decide if Beijing Dalong Weiye performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.09 |
Virtually no predictability
Beijing Dalong Weiye has virtually no predictability. Overlapping area represents the amount of predictability between Beijing Dalong 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 Beijing Dalong Weiye price movement. The serial correlation of 0.09 indicates that less than 9.0% of current Beijing Dalong price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.09 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.09 |
Beijing Dalong Weiye lagged returns against current returns
Autocorrelation, which is Beijing Dalong 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 Dalong's stock expected returns. We can calculate the autocorrelation of Beijing Dalong returns to help us make a trade decision. For example, suppose you find that Beijing Dalong 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 Dalong 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 Dalong stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Beijing Dalong stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Beijing Dalong stock over time.
Current vs Lagged Prices |
| Timeline |
Beijing Dalong Lagged Returns
When evaluating Beijing Dalong's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Beijing Dalong stock have on its future price. Beijing Dalong 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 Dalong autocorrelation shows the relationship between Beijing Dalong stock current value and its past values and can show if there is a momentum factor associated with investing in Beijing Dalong Weiye.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Beijing Stock
Beijing Dalong 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 Dalong security.