Biwin Storage (China) Market Value
| 688525 Stock | 59.77 0.85 1.44% |
| Symbol | Biwin |
Biwin Storage '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 Biwin Storage'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 Biwin Storage.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Biwin Storage on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Biwin Storage Technology or generate 0.0% return on investment in Biwin Storage over 30 days. Biwin Storage is related to or competes with Industrial, Kweichow Moutai, Agricultural Bank, China Mobile, PetroChina, China Construction, and Bank of China. Biwin Storage is entity of China. It is traded as Stock on SHG exchange. More
Biwin Storage 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 Biwin Storage'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 Biwin Storage Technology upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.21 | |||
| Information Ratio | 0.0751 | |||
| Maximum Drawdown | 28.33 | |||
| Value At Risk | (5.23) | |||
| Potential Upside | 8.32 |
Biwin Storage Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Biwin Storage's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Biwin Storage's standard deviation. In reality, there are many statistical measures that can use Biwin Storage historical prices to predict the future Biwin Storage's volatility.| Risk Adjusted Performance | 0.0864 | |||
| Jensen Alpha | 0.4695 | |||
| Total Risk Alpha | (0.34) | |||
| Sortino Ratio | 0.1203 | |||
| Treynor Ratio | 1.48 |
Biwin Storage Technology Backtested Returns
Biwin Storage appears to be not too volatile, given 3 months investment horizon. Biwin Storage Technology secures Sharpe Ratio (or Efficiency) of 0.13, which signifies that the company had a 0.13% return per unit of risk over the last 3 months. By analyzing Biwin Storage's technical indicators, you can evaluate if the expected return of 0.69% is justified by implied risk. Please makes use of Biwin Storage's Downside Deviation of 3.21, risk adjusted performance of 0.0864, and Mean Deviation of 3.54 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Biwin Storage holds a performance score of 10. The firm shows a Beta (market volatility) of 0.35, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Biwin Storage's returns are expected to increase less than the market. However, during the bear market, the loss of holding Biwin Storage is expected to be smaller as well. Please check Biwin Storage's sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to make a quick decision on whether Biwin Storage's price patterns will revert.
Auto-correlation | -0.39 |
Poor reverse predictability
Biwin Storage Technology has poor reverse predictability. Overlapping area represents the amount of predictability between Biwin Storage time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st of December 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 Biwin Storage Technology price movement. The serial correlation of -0.39 indicates that just about 39.0% of current Biwin Storage price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.39 | |
| Spearman Rank Test | -0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 1.93 |
Biwin Storage Technology lagged returns against current returns
Autocorrelation, which is Biwin Storage 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 Biwin Storage's stock expected returns. We can calculate the autocorrelation of Biwin Storage returns to help us make a trade decision. For example, suppose you find that Biwin Storage 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 |
Biwin Storage 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 Biwin Storage stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Biwin Storage stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Biwin Storage stock over time.
Current vs Lagged Prices |
| Timeline |
Biwin Storage Lagged Returns
When evaluating Biwin Storage's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Biwin Storage stock have on its future price. Biwin Storage 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, Biwin Storage autocorrelation shows the relationship between Biwin Storage stock current value and its past values and can show if there is a momentum factor associated with investing in Biwin Storage Technology.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Biwin Stock
Biwin Storage financial ratios help investors to determine whether Biwin 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 Biwin with respect to the benefits of owning Biwin Storage security.