Bohai Leasing (China) Market Value
| 000415 Stock | 3.94 0.01 0.25% |
| Symbol | Bohai |
Bohai Leasing '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 Bohai Leasing'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 Bohai Leasing.
| 09/29/2024 |
| 12/28/2024 |
If you would invest 0.00 in Bohai Leasing on September 29, 2024 and sell it all today you would earn a total of 0.00 from holding Bohai Leasing Co or generate 0.0% return on investment in Bohai Leasing over 90 days. Bohai Leasing is related to or competes with Jiangsu Financial, Chengdu Xingrong, Postal Savings, Henan Shuanghui, Panda Financial, Luyin Investment, and Beijing Mainstreets. Bohai Leasing is entity of China. It is traded as Stock on SHE exchange. More
Bohai Leasing 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 Bohai Leasing'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 Bohai Leasing Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.54 | |||
| Information Ratio | 0.1977 | |||
| Maximum Drawdown | 20.17 | |||
| Value At Risk | (7.32) | |||
| Potential Upside | 9.93 |
Bohai Leasing Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bohai Leasing's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bohai Leasing's standard deviation. In reality, there are many statistical measures that can use Bohai Leasing historical prices to predict the future Bohai Leasing's volatility.| Risk Adjusted Performance | 0.1712 | |||
| Jensen Alpha | 1.01 | |||
| Total Risk Alpha | 0.85 | |||
| Sortino Ratio | 0.2121 | |||
| Treynor Ratio | (1.00) |
Bohai Leasing Backtested Returns
Bohai Leasing appears to be risky, given 3 months investment horizon. Bohai Leasing secures Sharpe Ratio (or Efficiency) of 0.11, which signifies that the company had a 0.11% return per unit of risk over the last 3 months. By analyzing Bohai Leasing's technical indicators, you can evaluate if the expected return of 0.55% is justified by implied risk. Please makes use of Bohai Leasing's Risk Adjusted Performance of 0.1712, downside deviation of 4.54, and Mean Deviation of 3.67 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Bohai Leasing holds a performance score of 9. The firm shows a Beta (market volatility) of -0.98, which signifies possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning Bohai Leasing are expected to decrease slowly. On the other hand, during market turmoil, Bohai Leasing is expected to outperform it slightly. Please check Bohai Leasing's market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to make a quick decision on whether Bohai Leasing's price patterns will revert.
Auto-correlation | -0.16 |
Insignificant reverse predictability
Bohai Leasing Co has insignificant reverse predictability. Overlapping area represents the amount of predictability between Bohai Leasing time series from 29th of September 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Bohai Leasing price movement. The serial correlation of -0.16 indicates that over 16.0% of current Bohai Leasing price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.16 | |
| Spearman Rank Test | -0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
Bohai Leasing lagged returns against current returns
Autocorrelation, which is Bohai Leasing 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 Bohai Leasing's stock expected returns. We can calculate the autocorrelation of Bohai Leasing returns to help us make a trade decision. For example, suppose you find that Bohai Leasing 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 |
Bohai Leasing 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 Bohai Leasing stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bohai Leasing stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bohai Leasing stock over time.
Current vs Lagged Prices |
| Timeline |
Bohai Leasing Lagged Returns
When evaluating Bohai Leasing's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bohai Leasing stock have on its future price. Bohai Leasing 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, Bohai Leasing autocorrelation shows the relationship between Bohai Leasing stock current value and its past values and can show if there is a momentum factor associated with investing in Bohai Leasing Co.
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.Other Information on Investing in Bohai Stock
Bohai Leasing financial ratios help investors to determine whether Bohai 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 Bohai with respect to the benefits of owning Bohai Leasing security.