Bloomage Biotechnology Co (China) Market Value
| 688363 Stock | 51.50 0.22 0.43% |
| Symbol | Bloomage |
Bloomage Biotechnology Co '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 Bloomage Biotechnology Co'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 Bloomage Biotechnology Co.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Bloomage Biotechnology Co on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Bloomage Biotechnology Corp or generate 0.0% return on investment in Bloomage Biotechnology Co over 90 days. Bloomage Biotechnology Co is related to or competes with Tsingtao Brewery, Yankershop Food, Dareway Software, Guilin Seamild, Jiangxi Sunshine, Linewell Software, and Youyou Foods Co. Bloomage BiotechnologyCo is entity of China More
Bloomage Biotechnology Co 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 Bloomage Biotechnology Co'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 Bloomage Biotechnology Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 8.34 | |||
| Value At Risk | (3.07) | |||
| Potential Upside | 2.92 |
Bloomage Biotechnology Co Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bloomage Biotechnology Co's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bloomage Biotechnology Co's standard deviation. In reality, there are many statistical measures that can use Bloomage Biotechnology Co historical prices to predict the future Bloomage Biotechnology Co's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.22) | |||
| Total Risk Alpha | 0.0787 | |||
| Treynor Ratio | 0.2921 |
Bloomage Biotechnology Co Backtested Returns
Bloomage Biotechnology Co secures Sharpe Ratio (or Efficiency) of -0.0877, which signifies that the company had a -0.0877 % return per unit of risk over the last 3 months. Bloomage Biotechnology Corp exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Bloomage Biotechnology Co's Mean Deviation of 1.58, standard deviation of 1.93, and Risk Adjusted Performance of (0.06) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.56, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Bloomage Biotechnology Co are expected to decrease at a much lower rate. During the bear market, Bloomage Biotechnology Co is likely to outperform the market. At this point, Bloomage Biotechnology Co has a negative expected return of -0.16%. Please make sure to confirm Bloomage Biotechnology Co's jensen alpha, treynor ratio, and the relationship between the information ratio and total risk alpha , to decide if Bloomage Biotechnology Co performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.36 |
Poor reverse predictability
Bloomage Biotechnology Corp has poor reverse predictability. Overlapping area represents the amount of predictability between Bloomage Biotechnology Co time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th 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 Bloomage Biotechnology Co price movement. The serial correlation of -0.36 indicates that just about 36.0% of current Bloomage Biotechnology Co price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.36 | |
| Spearman Rank Test | -0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 1.03 |
Bloomage Biotechnology Co lagged returns against current returns
Autocorrelation, which is Bloomage Biotechnology Co 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 Bloomage Biotechnology Co's stock expected returns. We can calculate the autocorrelation of Bloomage Biotechnology Co returns to help us make a trade decision. For example, suppose you find that Bloomage Biotechnology Co 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 |
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Bloomage Biotechnology Co 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 Bloomage Biotechnology Co stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bloomage Biotechnology Co stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bloomage Biotechnology Co stock over time.
Current vs Lagged Prices |
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Bloomage Biotechnology Co Lagged Returns
When evaluating Bloomage Biotechnology Co's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bloomage Biotechnology Co stock have on its future price. Bloomage Biotechnology Co 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, Bloomage Biotechnology Co autocorrelation shows the relationship between Bloomage Biotechnology Co stock current value and its past values and can show if there is a momentum factor associated with investing in Bloomage Biotechnology Corp.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Bloomage Stock
Bloomage Biotechnology Co financial ratios help investors to determine whether Bloomage 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 Bloomage with respect to the benefits of owning Bloomage Biotechnology Co security.