Bingo Software (China) Market Value
| 688227 Stock | 36.60 3.66 9.09% |
| Symbol | Bingo |
Bingo Software '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 Bingo Software'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 Bingo Software.
| 12/13/2024 |
| 03/13/2025 |
If you would invest 0.00 in Bingo Software on December 13, 2024 and sell it all today you would earn a total of 0.00 from holding Bingo Software Co or generate 0.0% return on investment in Bingo Software over 90 days. Bingo Software is related to or competes with Xiwang Foodstuffs, Eastroc Beverage, Postal Savings, Shantou Wanshun, Vats Liquor, Fujian Anjoy, and China World. Bingo Software is entity of China. It is traded as Stock on SHG exchange. More
Bingo Software 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 Bingo Software'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 Bingo Software Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.89 | |||
| Information Ratio | 0.1025 | |||
| Maximum Drawdown | 29.5 | |||
| Value At Risk | (6.44) | |||
| Potential Upside | 10.87 |
Bingo Software Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bingo Software's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bingo Software's standard deviation. In reality, there are many statistical measures that can use Bingo Software historical prices to predict the future Bingo Software's volatility.| Risk Adjusted Performance | 0.0759 | |||
| Jensen Alpha | 0.4073 | |||
| Total Risk Alpha | 1.26 | |||
| Sortino Ratio | 0.1437 | |||
| Treynor Ratio | (2.15) |
Bingo Software Backtested Returns
Bingo Software appears to be not too volatile, given 3 months investment horizon. Bingo Software secures Sharpe Ratio (or Efficiency) of 0.0822, which signifies that the company had a 0.0822 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Bingo Software Co, which you can use to evaluate the volatility of the firm. Please makes use of Bingo Software's Mean Deviation of 3.99, risk adjusted performance of 0.0759, and Downside Deviation of 3.89 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Bingo Software holds a performance score of 6. The firm shows a Beta (market volatility) of -0.2, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Bingo Software are expected to decrease at a much lower rate. During the bear market, Bingo Software is likely to outperform the market. Please check Bingo Software's information ratio, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Bingo Software's price patterns will revert.
Auto-correlation | -0.62 |
Very good reverse predictability
Bingo Software Co has very good reverse predictability. Overlapping area represents the amount of predictability between Bingo Software time series from 13th of December 2024 to 27th of January 2025 and 27th of January 2025 to 13th 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 Bingo Software price movement. The serial correlation of -0.62 indicates that roughly 62.0% of current Bingo Software price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.62 | |
| Spearman Rank Test | 0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 13.23 |
Bingo Software lagged returns against current returns
Autocorrelation, which is Bingo Software 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 Bingo Software's stock expected returns. We can calculate the autocorrelation of Bingo Software returns to help us make a trade decision. For example, suppose you find that Bingo Software 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 |
Bingo Software 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 Bingo Software stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bingo Software stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bingo Software stock over time.
Current vs Lagged Prices |
| Timeline |
Bingo Software Lagged Returns
When evaluating Bingo Software's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bingo Software stock have on its future price. Bingo Software 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, Bingo Software autocorrelation shows the relationship between Bingo Software stock current value and its past values and can show if there is a momentum factor associated with investing in Bingo Software Co.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Bingo Stock
Bingo Software financial ratios help investors to determine whether Bingo 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 Bingo with respect to the benefits of owning Bingo Software security.