Bonree Data's market value is the price at which a share of Bonree Data trades on a public exchange. It measures the collective expectations of Bonree Data Technology investors about its performance. Bonree Data is trading at 37.92 as of the 10th of January 2025, a 0.40 percent increase since the beginning of the trading day. The stock's open price was 37.77. With this module, you can estimate the performance of a buy and hold strategy of Bonree Data Technology and determine expected loss or profit from investing in Bonree Data over a given investment horizon. Check out Bonree Data Correlation, Bonree Data Volatility and Bonree Data Alpha and Beta module to complement your research on Bonree Data.
Please note, there is a significant difference between Bonree Data's value and its price as these two are different measures arrived at by different means. Investors typically determine if Bonree Data is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bonree Data'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.
Bonree Data '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 Bonree Data'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 Bonree Data.
0.00
12/11/2024
No Change 0.00
0.0
In 30 days
01/10/2025
0.00
If you would invest 0.00 in Bonree Data on December 11, 2024 and sell it all today you would earn a total of 0.00 from holding Bonree Data Technology or generate 0.0% return on investment in Bonree Data over 30 days. Bonree Data is related to or competes with Longxing Chemical, Chahua Modern, Jahen Household, Jinhe Biotechnology, Sichuan Hebang, Shandong Rike, and Wuhan Hvsen. Bonree Data is entity of China. It is traded as Stock on SHG exchange. More
Bonree Data 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 Bonree Data'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 Bonree Data Technology 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 Bonree Data's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bonree Data's standard deviation. In reality, there are many statistical measures that can use Bonree Data historical prices to predict the future Bonree Data's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Bonree Data. Your research has to be compared to or analyzed against Bonree Data's peers to derive any actionable benefits. When done correctly, Bonree Data'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 Bonree Data Technology.
Bonree Data Technology Backtested Returns
Bonree Data Technology secures Sharpe Ratio (or Efficiency) of -0.0126, which signifies that the company had a -0.0126% return per unit of risk over the last 3 months. Bonree Data Technology exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Bonree Data's Mean Deviation of 3.67, risk adjusted performance of (0.06), and Standard Deviation of 4.67 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.27, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Bonree Data's returns are expected to increase less than the market. However, during the bear market, the loss of holding Bonree Data is expected to be smaller as well. At this point, Bonree Data Technology has a negative expected return of -0.0519%. Please make sure to confirm Bonree Data's standard deviation, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if Bonree Data Technology performance from the past will be repeated at some point in the near future.
Auto-correlation
0.21
Weak predictability
Bonree Data Technology has weak predictability. Overlapping area represents the amount of predictability between Bonree Data time series from 11th of December 2024 to 26th of December 2024 and 26th of December 2024 to 10th 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 Bonree Data Technology price movement. The serial correlation of 0.21 indicates that over 21.0% of current Bonree Data price fluctuation can be explain by its past prices.
Correlation Coefficient
0.21
Spearman Rank Test
0.19
Residual Average
0.0
Price Variance
6.63
Bonree Data Technology lagged returns against current returns
Autocorrelation, which is Bonree Data 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 Bonree Data's stock expected returns. We can calculate the autocorrelation of Bonree Data returns to help us make a trade decision. For example, suppose you find that Bonree Data 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
Bonree Data 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 Bonree Data stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bonree Data stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bonree Data stock over time.
Current vs Lagged Prices
Timeline
Bonree Data Lagged Returns
When evaluating Bonree Data's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bonree Data stock have on its future price. Bonree Data 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, Bonree Data autocorrelation shows the relationship between Bonree Data stock current value and its past values and can show if there is a momentum factor associated with investing in Bonree Data Technology.
Bonree Data financial ratios help investors to determine whether Bonree 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 Bonree with respect to the benefits of owning Bonree Data security.