Byd Company Limited Stock Market Value
| BYDDF Stock | USD 33.30 0.43 1.31% |
| Symbol | BYD |
BYD Company '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 BYD Company's pink sheet 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 BYD Company.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in BYD Company on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding BYD Company Limited or generate 0.0% return on investment in BYD Company over 30 days. BYD Company is related to or competes with Li Auto, Xpeng, Rivian Automotive, Nio, Lucid, BYD Co, and Tesla. BYD Company Limited, together with its subsidiaries, engages in the research, development, manufacture, and sale of auto... More
BYD Company 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 BYD Company's pink sheet 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 BYD Company Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.91 | |||
| Information Ratio | 0.04 | |||
| Maximum Drawdown | 16.69 | |||
| Value At Risk | (4.75) | |||
| Potential Upside | 4.89 |
BYD Company Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BYD Company's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BYD Company's standard deviation. In reality, there are many statistical measures that can use BYD Company historical prices to predict the future BYD Company's volatility.| Risk Adjusted Performance | 0.0717 | |||
| Jensen Alpha | 0.245 | |||
| Total Risk Alpha | (0.20) | |||
| Sortino Ratio | 0.0392 | |||
| Treynor Ratio | (1.69) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of BYD Company's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
BYD Limited Backtested Returns
At this point, BYD Company is very steady. BYD Limited secures Sharpe Ratio (or Efficiency) of 0.0631, which signifies that the company had a 0.0631% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for BYD Company Limited, which you can use to evaluate the volatility of the firm. Please confirm BYD Company's Mean Deviation of 2.04, downside deviation of 2.91, and Risk Adjusted Performance of 0.0717 to double-check if the risk estimate we provide is consistent with the expected return of 0.18%. BYD Company has a performance score of 4 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.14, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning BYD Company are expected to decrease at a much lower rate. During the bear market, BYD Company is likely to outperform the market. BYD Limited now shows a risk of 2.85%. Please confirm BYD Limited treynor ratio, expected short fall, and the relationship between the jensen alpha and potential upside , to decide if BYD Limited will be following its price patterns.
Auto-correlation | 0.59 |
Modest predictability
BYD Company Limited has modest predictability. Overlapping area represents the amount of predictability between BYD Company time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th of November 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 BYD Limited price movement. The serial correlation of 0.59 indicates that roughly 59.0% of current BYD Company price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.59 | |
| Spearman Rank Test | 0.77 | |
| Residual Average | 0.0 | |
| Price Variance | 0.29 |
BYD Limited lagged returns against current returns
Autocorrelation, which is BYD Company pink sheet'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 BYD Company's pink sheet expected returns. We can calculate the autocorrelation of BYD Company returns to help us make a trade decision. For example, suppose you find that BYD Company has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
BYD Company 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 BYD Company pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BYD Company pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BYD Company pink sheet over time.
Current vs Lagged Prices |
| Timeline |
BYD Company Lagged Returns
When evaluating BYD Company's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BYD Company pink sheet have on its future price. BYD Company 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, BYD Company autocorrelation shows the relationship between BYD Company pink sheet current value and its past values and can show if there is a momentum factor associated with investing in BYD Company Limited.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in BYD Pink Sheet
BYD Company financial ratios help investors to determine whether BYD Pink Sheet 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 BYD with respect to the benefits of owning BYD Company security.