BeiGene (Brazil) Market Value
| B1GN34 Stock | BRL 44.70 5.65 11.22% |
| Symbol | BeiGene |
BeiGene '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 BeiGene'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 BeiGene.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in BeiGene on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding BeiGene or generate 0.0% return on investment in BeiGene over 30 days. BeiGene is related to or competes with Bread Financial, Ameriprise Financial, Verizon Communications, United Rentals, Micron Technology, Ross Stores, and HDFC Bank. More
BeiGene 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 BeiGene'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 BeiGene upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.16 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 19.55 | |||
| Value At Risk | (5.26) | |||
| Potential Upside | 4.58 |
BeiGene Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BeiGene's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BeiGene's standard deviation. In reality, there are many statistical measures that can use BeiGene historical prices to predict the future BeiGene's volatility.| Risk Adjusted Performance | 0.0265 | |||
| Jensen Alpha | 0.0745 | |||
| Total Risk Alpha | (0.44) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | (26.49) |
BeiGene Backtested Returns
At this point, BeiGene is very steady. BeiGene secures Sharpe Ratio (or Efficiency) of 0.0199, which signifies that the company had a 0.0199% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for BeiGene, which you can use to evaluate the volatility of the firm. Please confirm BeiGene's Mean Deviation of 1.8, downside deviation of 4.16, and Risk Adjusted Performance of 0.0265 to double-check if the risk estimate we provide is consistent with the expected return of 0.0559%. BeiGene has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.0028, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning BeiGene are expected to decrease at a much lower rate. During the bear market, BeiGene is likely to outperform the market. BeiGene right now shows a risk of 2.82%. Please confirm BeiGene downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if BeiGene will be following its price patterns.
Auto-correlation | -0.7 |
Very good reverse predictability
BeiGene has very good reverse predictability. Overlapping area represents the amount of predictability between BeiGene time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th 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 BeiGene price movement. The serial correlation of -0.7 indicates that around 70.0% of current BeiGene price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.7 | |
| Spearman Rank Test | 0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 2.71 |
BeiGene lagged returns against current returns
Autocorrelation, which is BeiGene 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 BeiGene's stock expected returns. We can calculate the autocorrelation of BeiGene returns to help us make a trade decision. For example, suppose you find that BeiGene 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 |
BeiGene 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 BeiGene stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BeiGene stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BeiGene stock over time.
Current vs Lagged Prices |
| Timeline |
BeiGene Lagged Returns
When evaluating BeiGene's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BeiGene stock have on its future price. BeiGene 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, BeiGene autocorrelation shows the relationship between BeiGene stock current value and its past values and can show if there is a momentum factor associated with investing in BeiGene.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Information and Resources on Investing in BeiGene Stock
When determining whether BeiGene is a strong investment it is important to analyze BeiGene's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact BeiGene's future performance. For an informed investment choice regarding BeiGene Stock, refer to the following important reports:Check out BeiGene Correlation, BeiGene Volatility and BeiGene Alpha and Beta module to complement your research on BeiGene. For information on how to trade BeiGene Stock refer to our How to Trade BeiGene Stock guide.You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
BeiGene technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.