Bright Dairy (China) Market Value
| 600597 Stock | 9.06 0.82 9.95% |
| Symbol | Bright |
Bright Dairy '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 Bright Dairy'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 Bright Dairy.
| 12/14/2024 |
| 03/14/2025 |
If you would invest 0.00 in Bright Dairy on December 14, 2024 and sell it all today you would earn a total of 0.00 from holding Bright Dairy Food or generate 0.0% return on investment in Bright Dairy over 90 days. Bright Dairy is related to or competes with Sino Platinum, Zoy Home, UE Furniture, Jason Furniture(Hangzh, Ningbo Fujia, and Oppein Home. Bright Dairy is entity of China. It is traded as Stock on SHG exchange. More
Bright Dairy 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 Bright Dairy'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 Bright Dairy Food upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0132 | |||
| Maximum Drawdown | 10.09 | |||
| Value At Risk | (2.05) | |||
| Potential Upside | 2.27 |
Bright Dairy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bright Dairy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bright Dairy's standard deviation. In reality, there are many statistical measures that can use Bright Dairy historical prices to predict the future Bright Dairy's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | 0.1234 | |||
| Treynor Ratio | 0.3858 |
Bright Dairy Food Backtested Returns
Bright Dairy Food secures Sharpe Ratio (or Efficiency) of -0.0155, which signifies that the company had a -0.0155 % return per unit of risk over the last 3 months. Bright Dairy Food exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Bright Dairy's Risk Adjusted Performance of (0.06), standard deviation of 1.46, and Mean Deviation of 0.9818 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.32, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Bright Dairy are expected to decrease at a much lower rate. During the bear market, Bright Dairy is likely to outperform the market. At this point, Bright Dairy Food has a negative expected return of -0.0252%. Please make sure to confirm Bright Dairy's standard deviation, jensen alpha, and the relationship between the coefficient of variation and information ratio , to decide if Bright Dairy Food performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.32 |
Poor reverse predictability
Bright Dairy Food has poor reverse predictability. Overlapping area represents the amount of predictability between Bright Dairy time series from 14th of December 2024 to 28th of January 2025 and 28th of January 2025 to 14th of March 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 Bright Dairy Food price movement. The serial correlation of -0.32 indicates that nearly 32.0% of current Bright Dairy price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.32 | |
| Spearman Rank Test | -0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Bright Dairy Food lagged returns against current returns
Autocorrelation, which is Bright Dairy 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 Bright Dairy's stock expected returns. We can calculate the autocorrelation of Bright Dairy returns to help us make a trade decision. For example, suppose you find that Bright Dairy 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 |
Bright Dairy 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 Bright Dairy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bright Dairy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bright Dairy stock over time.
Current vs Lagged Prices |
| Timeline |
Bright Dairy Lagged Returns
When evaluating Bright Dairy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bright Dairy stock have on its future price. Bright Dairy 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, Bright Dairy autocorrelation shows the relationship between Bright Dairy stock current value and its past values and can show if there is a momentum factor associated with investing in Bright Dairy Food.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Bright Stock
Bright Dairy financial ratios help investors to determine whether Bright 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 Bright with respect to the benefits of owning Bright Dairy security.