BOE Technology (China) Market Value
| 000725 Stock | 4.38 0.02 0.45% |
| Symbol | BOE |
BOE Technology '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 BOE Technology'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 BOE Technology.
| 11/26/2024 |
| 12/26/2024 |
If you would invest 0.00 in BOE Technology on November 26, 2024 and sell it all today you would earn a total of 0.00 from holding BOE Technology Group or generate 0.0% return on investment in BOE Technology over 30 days. BOE Technology is related to or competes with Industrial, China Construction, Agricultural Bank, Bank of China, PetroChina, China Merchants, and CNOOC. BOE Technology is entity of China. It is traded as Stock on SHE exchange. More
BOE Technology 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 BOE Technology'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 BOE Technology Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.38 | |||
| Information Ratio | 0.1138 | |||
| Maximum Drawdown | 15.55 | |||
| Value At Risk | (3.30) | |||
| Potential Upside | 4.53 |
BOE Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BOE Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BOE Technology's standard deviation. In reality, there are many statistical measures that can use BOE Technology historical prices to predict the future BOE Technology's volatility.| Risk Adjusted Performance | 0.1129 | |||
| Jensen Alpha | 0.3068 | |||
| Total Risk Alpha | 0.199 | |||
| Sortino Ratio | 0.1117 | |||
| Treynor Ratio | (1.62) |
BOE Technology Group Backtested Returns
At this point, BOE Technology is slightly risky. BOE Technology Group secures Sharpe Ratio (or Efficiency) of 0.0505, which signifies that the company had a 0.0505% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for BOE Technology Group, which you can use to evaluate the volatility of the firm. Please confirm BOE Technology's Downside Deviation of 2.38, mean deviation of 1.62, and Risk Adjusted Performance of 0.1129 to double-check if the risk estimate we provide is consistent with the expected return of 0.12%. BOE Technology has a performance score of 3 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.19, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning BOE Technology are expected to decrease at a much lower rate. During the bear market, BOE Technology is likely to outperform the market. BOE Technology Group at this time shows a risk of 2.35%. Please confirm BOE Technology Group mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to decide if BOE Technology Group will be following its price patterns.
Auto-correlation | -0.34 |
Poor reverse predictability
BOE Technology Group has poor reverse predictability. Overlapping area represents the amount of predictability between BOE Technology time series from 26th of November 2024 to 11th of December 2024 and 11th of December 2024 to 26th 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 BOE Technology Group price movement. The serial correlation of -0.34 indicates that nearly 34.0% of current BOE Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.34 | |
| Spearman Rank Test | 0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
BOE Technology Group lagged returns against current returns
Autocorrelation, which is BOE Technology 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 BOE Technology's stock expected returns. We can calculate the autocorrelation of BOE Technology returns to help us make a trade decision. For example, suppose you find that BOE Technology 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 |
BOE Technology 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 BOE Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BOE Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BOE Technology stock over time.
Current vs Lagged Prices |
| Timeline |
BOE Technology Lagged Returns
When evaluating BOE Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BOE Technology stock have on its future price. BOE Technology 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, BOE Technology autocorrelation shows the relationship between BOE Technology stock current value and its past values and can show if there is a momentum factor associated with investing in BOE Technology Group.
Regressed Prices |
| Timeline |
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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 BOE Stock
BOE Technology financial ratios help investors to determine whether BOE 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 BOE with respect to the benefits of owning BOE Technology security.