Beijing Bashi (China) Market Value
| 600386 Stock | 4.97 0.21 4.41% |
| Symbol | Beijing |
Beijing Bashi '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 Bashi'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 Bashi.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Beijing Bashi on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Beijing Bashi Media or generate 0.0% return on investment in Beijing Bashi over 720 days. Beijing Bashi is related to or competes with PetroChina, China Mobile, Industrial, China Life, Ping An, and China Construction. Beijing Bashi is entity of China. It is traded as Stock on SHG exchange. More
Beijing Bashi 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 Bashi'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 Bashi Media upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.51 | |||
| Information Ratio | 0.1525 | |||
| Maximum Drawdown | 17.67 | |||
| Value At Risk | (5.15) | |||
| Potential Upside | 5.02 |
Beijing Bashi Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Beijing Bashi's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Beijing Bashi's standard deviation. In reality, there are many statistical measures that can use Beijing Bashi historical prices to predict the future Beijing Bashi's volatility.| Risk Adjusted Performance | 0.1569 | |||
| Jensen Alpha | 0.6141 | |||
| Total Risk Alpha | 0.0812 | |||
| Sortino Ratio | 0.1397 | |||
| Treynor Ratio | 20.33 |
Beijing Bashi Media Backtested Returns
Beijing Bashi appears to be moderately volatile, given 3 months investment horizon. Beijing Bashi Media secures Sharpe Ratio (or Efficiency) of 0.23, which signifies that the company had a 0.23% return per unit of risk over the last 3 months. By analyzing Beijing Bashi's technical indicators, you can evaluate if the expected return of 0.77% is justified by implied risk. Please makes use of Beijing Bashi's Mean Deviation of 2.34, risk adjusted performance of 0.1569, and Downside Deviation of 3.51 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Beijing Bashi holds a performance score of 18. The firm shows a Beta (market volatility) of 0.0304, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Beijing Bashi's returns are expected to increase less than the market. However, during the bear market, the loss of holding Beijing Bashi is expected to be smaller as well. Please check Beijing Bashi's mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Beijing Bashi's price patterns will revert.
Auto-correlation | -0.25 |
Weak reverse predictability
Beijing Bashi Media has weak reverse predictability. Overlapping area represents the amount of predictability between Beijing Bashi time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd 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 Bashi Media price movement. The serial correlation of -0.25 indicates that over 25.0% of current Beijing Bashi price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.25 | |
| Spearman Rank Test | -0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 0.36 |
Beijing Bashi Media lagged returns against current returns
Autocorrelation, which is Beijing Bashi 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 Bashi's stock expected returns. We can calculate the autocorrelation of Beijing Bashi returns to help us make a trade decision. For example, suppose you find that Beijing Bashi 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 Bashi 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 Bashi stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Beijing Bashi stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Beijing Bashi stock over time.
Current vs Lagged Prices |
| Timeline |
Beijing Bashi Lagged Returns
When evaluating Beijing Bashi's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Beijing Bashi stock have on its future price. Beijing Bashi 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 Bashi autocorrelation shows the relationship between Beijing Bashi stock current value and its past values and can show if there is a momentum factor associated with investing in Beijing Bashi Media.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Beijing Stock
Beijing Bashi 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 Bashi security.