Beijing Kingsoft (China) Market Value
| 688111 Stock | 295.20 5.30 1.76% |
| Symbol | Beijing |
Beijing Kingsoft '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 Kingsoft'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 Kingsoft.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Beijing Kingsoft on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Beijing Kingsoft Office or generate 0.0% return on investment in Beijing Kingsoft over 30 days. Beijing Kingsoft is related to or competes with Kweichow Moutai, NAURA Technology, APT Medical, Contemporary Amperex, Beijing Roborock, and . Beijing Kingsoft is entity of China. It is traded as Stock on SHG exchange. More
Beijing Kingsoft 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 Kingsoft'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 Kingsoft Office upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.43 | |||
| Information Ratio | 0.1236 | |||
| Maximum Drawdown | 37.06 | |||
| Value At Risk | (5.43) | |||
| Potential Upside | 9.33 |
Beijing Kingsoft Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Beijing Kingsoft's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Beijing Kingsoft's standard deviation. In reality, there are many statistical measures that can use Beijing Kingsoft historical prices to predict the future Beijing Kingsoft's volatility.| Risk Adjusted Performance | 0.1208 | |||
| Jensen Alpha | 0.7832 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | 0.1537 | |||
| Treynor Ratio | 7.22 |
Beijing Kingsoft Office Backtested Returns
Beijing Kingsoft is very steady given 3 months investment horizon. Beijing Kingsoft Office secures Sharpe Ratio (or Efficiency) of 0.2, which signifies that the company had a 0.2% return per unit of risk over the last 3 months. We were able to interpolate twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.15% are justified by taking the suggested risk. Use Beijing Kingsoft Risk Adjusted Performance of 0.1208, mean deviation of 3.74, and Downside Deviation of 4.43 to evaluate company specific risk that cannot be diversified away. Beijing Kingsoft holds a performance score of 15 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 0.11, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Beijing Kingsoft's returns are expected to increase less than the market. However, during the bear market, the loss of holding Beijing Kingsoft is expected to be smaller as well. Use Beijing Kingsoft mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to analyze future returns on Beijing Kingsoft.
Auto-correlation | 0.33 |
Below average predictability
Beijing Kingsoft Office has below average predictability. Overlapping area represents the amount of predictability between Beijing Kingsoft time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th of November 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 Kingsoft Office price movement. The serial correlation of 0.33 indicates that nearly 33.0% of current Beijing Kingsoft price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.33 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 132.22 |
Beijing Kingsoft Office lagged returns against current returns
Autocorrelation, which is Beijing Kingsoft 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 Kingsoft's stock expected returns. We can calculate the autocorrelation of Beijing Kingsoft returns to help us make a trade decision. For example, suppose you find that Beijing Kingsoft 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 Kingsoft 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 Kingsoft stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Beijing Kingsoft stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Beijing Kingsoft stock over time.
Current vs Lagged Prices |
| Timeline |
Beijing Kingsoft Lagged Returns
When evaluating Beijing Kingsoft's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Beijing Kingsoft stock have on its future price. Beijing Kingsoft 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 Kingsoft autocorrelation shows the relationship between Beijing Kingsoft stock current value and its past values and can show if there is a momentum factor associated with investing in Beijing Kingsoft Office.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Beijing Stock
Beijing Kingsoft 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 Kingsoft security.