Beijing Dalong's market value is the price at which a share of Beijing Dalong trades on a public exchange. It measures the collective expectations of Beijing Dalong Weiye investors about its performance. Beijing Dalong is trading at 2.41 as of the 2nd of January 2025, a 0.42 percent increase since the beginning of the trading day. The stock's open price was 2.4. With this module, you can estimate the performance of a buy and hold strategy of Beijing Dalong Weiye and determine expected loss or profit from investing in Beijing Dalong over a given investment horizon. Check out Beijing Dalong Correlation, Beijing Dalong Volatility and Beijing Dalong Alpha and Beta module to complement your research on Beijing Dalong.
Please note, there is a significant difference between Beijing Dalong's value and its price as these two are different measures arrived at by different means. Investors typically determine if Beijing Dalong is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Beijing Dalong's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
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.
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.
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.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Beijing Dalong. Your research has to be compared to or analyzed against Beijing Dalong's peers to derive any actionable benefits. When done correctly, Beijing Dalong's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Beijing Dalong Weiye.
Beijing Dalong Weiye Backtested Returns
Beijing Dalong Weiye secures Sharpe Ratio (or Efficiency) of -0.0639, which signifies that the company had a -0.0639% return per unit of risk over the last 3 months. Beijing Dalong Weiye exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Beijing Dalong's Mean Deviation of 2.76, risk adjusted performance of 0.0182, and Downside Deviation of 3.88 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.12, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Beijing Dalong are expected to decrease at a much lower rate. During the bear market, Beijing Dalong is likely to outperform the market. At this point, Beijing Dalong Weiye has a negative expected return of -0.22%. Please make sure to confirm Beijing Dalong's downside deviation, information ratio, and 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
-0.01
Very weak reverse predictability
Beijing Dalong Weiye has very weak reverse predictability. Overlapping area represents the amount of predictability between Beijing Dalong time series from 13th of January 2023 to 8th of January 2024 and 8th of January 2024 to 2nd 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 -0.01 indicates that just 1.0% of current Beijing Dalong price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.01
Spearman Rank Test
-0.11
Residual Average
0.0
Price Variance
0.15
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.
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.